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FAST ENTERPRISE CATEGORY

BIDV-SUMI TRUST LEASING COMPANY., LTD.

Information about the Company
BIDV-SuMi TRUST Leasing Company., Ltd. (BSL) is a joint venture between the Bank for Investment and Development of Vietnam (BIDV) and Sumitomo Mitsui Trust Bank of Japan. The company was established in 2017 and is headquartered in Hanoi, Vietnam.

Building upon the collaboration of the two biggest financial institutions in Vietnam and Japan, BSL has developed a customized leasing model for small and medium-sized enterprises (SMEs) in Vietnam. This model is designed to address the unique needs and challenges of SMEs in the Vietnamese market, such as limited access to financing, high-interest rates, and a lack of collateral.

BSL's SME leasing model offers a range of flexible financing options that can be tailored to the specific needs of individual businesses. This includes leasing solutions for a wide range of assets, from machinery to equipment and vehicles. By providing SMEs with access to affordable financing options, BSL is helping to spur economic growth and promote entrepreneurship in Vietnam.

BSL's purpose is to support the sustainable development and prosperity of the Vietnamese economy by providing innovative and flexible financial solutions to its customers. The company is committed to delivering high-quality leasing services that meet the needs of its clients while maintaining strong relationships with its partners and stakeholders.

Corporate Culture & Company Activities
Understanding the vital role of financial institutions in the country's economic development, BSL has developed a comprehensive development plan in which the company defines its purpose of making Vietnamese society more sustainable and prosperous by serving the leasing needs of customers with the greatest level of trust and satisfaction.

To facilitate the development of SMEs in Vietnam, the company has promoted digitalization and innovation in the business processing system in addition to expanding its business with a variety of financial products that are tailored to the SMEs' demand.
Achievements and Impact
BSL has grown rapidly since its establishment in 2017, thanks to a focused and well-executed growth strategy. In the first six years of its operations, BSL has successfully expanded its presence across Vietnam and diversified its leasing offerings, while maintaining a strong customer-centric focus.

BSL's growth strategy has focused on building strong partnerships with over 60 suppliers across the country to gain market insights and identify new growth opportunities. This has enabled BSL to develop customized leasing solutions that meet the unique needs of businesses in different industries and regions.

During the Covid-19 pandemic and economic recession in Vietnam, the BSL demonstrated remarkable resilience in overcoming the challenges by quickly implementing a range of measures to help SMEs weather the storm. This included offering flexible payment options and providing financial counseling and support to its customers. BSL also worked closely with its partners and stakeholders to identify and address the most pressing needs of its customers.

In 2022, BSL achieved an important milestone by signing a syndicated facility agreement with three foreign banks, signaling a positive development in the financial leasing market. This was one of the first on-shore syndicated term loans arranged for a financial leasing company which has helped enhance medium-term and long-term credit financing for SMEs in Vietnam through financial leasing.

BSL serves over 600 customers with a total outstanding loan balance of approximately VND 4,200 billion (equivalent to USD 170 million). The average annual growth rate over the past 5 years has been 54%, while the non-performing loan ratio has remained below 2%.

BSL is committed to driving economic development and promoting inclusive growth in Vietnam. The company has implemented a range of initiatives to support SMEs and entrepreneurs, such as providing affordable and flexible financing options and offering financial counseling and support.

BSL also focuses on promoting social responsibility and giving back to the community. The company has implemented a range of initiatives to support vulnerable groups, such as providing financial support to orphanages and schools, giving transportation of livelihood to households with difficult conditions, and donating medical supplies to hospitals.

Future Direction
BSL plans to expand its presence across Vietnam by establishing new branches in key economic hubs, as well as developing partnerships with local businesses and organizations. This will enable the company to tap into new customer segments and diversify its revenue streams, while also enhancing its ability to serve customers across the country.

In addition to its core leasing offerings, BSL plans to diversify its product portfolio by developing new leasing solutions that address the evolving needs of businesses in different industries and sectors. This may include leasing solutions for renewable energy, high technology, and other emerging sectors.

BSL is also investing heavily in digital capabilities to enhance its operations and customer experience. The company plans to leverage digital platforms and data analytics to streamline its operations, improve its risk management capabilities, and develop new products and services.

FAST ENTERPRISE CATEGORY

BIDV-SUMI TRUST LEASING COMPANY., LTD.

Information about the Company
BIDV-SuMi TRUST Leasing Company., Ltd. (BSL) is a joint venture between the Bank for Investment and Development of Vietnam (BIDV) and Sumitomo Mitsui Trust Bank of Japan. The company was established in 2017 and is headquartered in Hanoi, Vietnam.

Building upon the collaboration of the two biggest financial institutions in Vietnam and Japan, BSL has developed a customized leasing model for small and medium-sized enterprises (SMEs) in Vietnam. This model is designed to address the unique needs and challenges of SMEs in the Vietnamese market, such as limited access to financing, high-interest rates, and a lack of collateral.

BSL's SME leasing model offers a range of flexible financing options that can be tailored to the specific needs of individual businesses. This includes leasing solutions for a wide range of assets, from machinery to equipment and vehicles. By providing SMEs with access to affordable financing options, BSL is helping to spur economic growth and promote entrepreneurship in Vietnam.

BSL's purpose is to support the sustainable development and prosperity of the Vietnamese economy by providing innovative and flexible financial solutions to its customers. The company is committed to delivering high-quality leasing services that meet the needs of its clients while maintaining strong relationships with its partners and stakeholders.

Corporate Culture & Company Activities
Understanding the vital role of financial institutions in the country's economic development, BSL has developed a comprehensive development plan in which the company defines its purpose of making Vietnamese society more sustainable and prosperous by serving the leasing needs of customers with the greatest level of trust and satisfaction.

To facilitate the development of SMEs in Vietnam, the company has promoted digitalization and innovation in the business processing system in addition to expanding its business with a variety of financial products that are tailored to the SMEs' demand.
Achievements and Impact
BSL has grown rapidly since its establishment in 2017, thanks to a focused and well-executed growth strategy. In the first six years of its operations, BSL has successfully expanded its presence across Vietnam and diversified its leasing offerings, while maintaining a strong customer-centric focus.

BSL's growth strategy has focused on building strong partnerships with over 60 suppliers across the country to gain market insights and identify new growth opportunities. This has enabled BSL to develop customized leasing solutions that meet the unique needs of businesses in different industries and regions.

During the Covid-19 pandemic and economic recession in Vietnam, the BSL demonstrated remarkable resilience in overcoming the challenges by quickly implementing a range of measures to help SMEs weather the storm. This included offering flexible payment options and providing financial counseling and support to its customers. BSL also worked closely with its partners and stakeholders to identify and address the most pressing needs of its customers.

In 2022, BSL achieved an important milestone by signing a syndicated facility agreement with three foreign banks, signaling a positive development in the financial leasing market. This was one of the first on-shore syndicated term loans arranged for a financial leasing company which has helped enhance medium-term and long-term credit financing for SMEs in Vietnam through financial leasing.

BSL serves over 600 customers with a total outstanding loan balance of approximately VND 4,200 billion (equivalent to USD 170 million). The average annual growth rate over the past 5 years has been 54%, while the non-performing loan ratio has remained below 2%.

BSL is committed to driving economic development and promoting inclusive growth in Vietnam. The company has implemented a range of initiatives to support SMEs and entrepreneurs, such as providing affordable and flexible financing options and offering financial counseling and support.

BSL also focuses on promoting social responsibility and giving back to the community. The company has implemented a range of initiatives to support vulnerable groups, such as providing financial support to orphanages and schools, giving transportation of livelihood to households with difficult conditions, and donating medical supplies to hospitals.

Future Direction
BSL plans to expand its presence across Vietnam by establishing new branches in key economic hubs, as well as developing partnerships with local businesses and organizations. This will enable the company to tap into new customer segments and diversify its revenue streams, while also enhancing its ability to serve customers across the country.

In addition to its core leasing offerings, BSL plans to diversify its product portfolio by developing new leasing solutions that address the evolving needs of businesses in different industries and sectors. This may include leasing solutions for renewable energy, high technology, and other emerging sectors.

BSL is also investing heavily in digital capabilities to enhance its operations and customer experience. The company plans to leverage digital platforms and data analytics to streamline its operations, improve its risk management capabilities, and develop new products and services.