Friday, Jul 24, 2026 The claims desk. Receipts included. POWERED BY LENZ ↗
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FINANCE

The Claim

The Bank for Investment and Development of Vietnam (BIDV) is one of the oldest banks in Vietnam.

Verified by Lenz ·

The Short Version

BIDV's 1957 founding, well-documented by government and industry sources, makes it older than all major Vietnamese commercial banks, including Vietcombank (1963), Vietinbank, and Agribank (both 1988). The phrase "one of the oldest" is defensible. However, the State Bank of Vietnam was founded in 1951 and is officially recognized as the country's oldest banking institution. BIDV's own marketing sometimes overstates its position by claiming to be "the oldest financial institution," which is inaccurate.

Caveats

  • The State Bank of Vietnam, founded in 1951, is officially recognized as Vietnam's oldest banking institution, predating BIDV by six years.
  • BIDV's own promotional materials sometimes claim it is 'the oldest financial institution in Vietnam,' which is demonstrably inaccurate and overstates its historical position.
  • The claim benefits from the distinction between central banks and commercial/development banks — BIDV is among the oldest of the latter category, not of all banking institutions.

The Receipts

  1. History of State Bank of Vietnam

    State Bank of Vietnam

  2. History

    Vietcombank

  3. BIDV và chặng đường 65 năm tự hào phát triển cùng đất nước

    Báo Chính Phủ

  4. BIDV on the journey of 'Independence - Freedom - Happiness'

    BIDV Official Website

  5. Ngân hàng TMCP Đầu tư và Phát triển Việt Nam (BIDV)

    Vietnam Banks Association

  6. History

    Vietnam Banks Association (VNBA)

  7. Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV)

    Vietnam Banks Association (VNBA)

  8. Bank for Investment and Development of Vietnam (BIDV)

    AmCham Vietnam

  9. VIETNAM - Gide Loyrette Nouel

    Gide Loyrette Nouel

  10. Vietnam's banking leaders born in the Year of the Snake

    VietNamNet

+ 6 more sources — see the full list on Lenz

Filed Under

Bank for Investment and Development of VietnamVietnam

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