BIDV-SuMi TRUST Leasing Company (BSL) was named “Trusted Financial Services Provider” at Golden Dragon Awards 2022

BIDV-SuMi TRUST Leasing Company (BSL) was named “Trusted Financial Services Provider” at Golden Dragon Awards 2022

BSL has won the award “Trusted Financial Services Provider” for its first time joining the Golden Dragon Awards thanks to its outstanding achievements in Vietnamese financial leasing market.

This year’s Golden Dragon Awards honoured 50 top foreign-invested enterprises in Vietnam in green growth and sustainable development in 2021-2022.

According to BSL Deputy Chief Executive Officer Takahashi Satoshi, being recognised at this year’s awards further cemented the company vision of becoming the best companion it can be by working closely with customers and continuing to contribute to Vietnam’s prosperity and sustainable development.

“We focus on building trust and developing relationships with our customers, and have cooperated with leading machinery suppliers in Vietnam.”, Mr. Takahashi said. “Over the past five years, we have supported nearly 500 small and medium-sized enterprises (SMEs) around the country, to meet their needs in financial support.”

The Golden Dragon Awards is hosted by Vietnam Economic Times since 2001 to recognise the outstanding contributions made by foreign-invested enterprises to the Vietnamese economy. Awards are determined based on production and business activities, service provision, the application of technological solutions for environmental protection, full implementation of tax obligations, guaranteeing of employee rights, and actively participating in social activities.

Officially coming into operation in 2017, BSL is one of the leading financial leasing companies, established by two leading banks in Vietnam and Japan, Bank for Investment and Development of Vietnam (BIDV) and Sumitomo Mitsui Trust Bank (SMTB). It provides professional financing solutions for the SME market in Vietnam. In 2017, BSL was named “Private Equity Deal of the Year 2016-2017” voted by M&A Vietnam 2017 Forum.

In just five years, BSL has achieved dramatic and rapid growth, with total leased asset value reaching nearly $255 million, particularly more than $80 million in 2021 with the CAGR reaching 80%/year; served nearly 500 enterprises whilst the majority is SMEs.

Recently, BSL has signed a syndicated facilities agreement with 3 branches of foreign banks in Vietnam, which is one of the first domestic syndicated facility agreements between banks and a financial leasing company. This is an important signal, recognizing a positive change in the financial leasing market, opening up opportunities for sustainable development of small and medium-sized enterprises in Vietnam.