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On October 5th, the BIDV – SuMi TRUST Financial Leasing Company Limited (BSL) was honored to receive the “Fast Enterprise Award” at the Asia Pacific Enterprises Award (APEA) 2023 ceremony held in Ho Chi Minh City, in recognition of its outstanding achievements in business operations.

Representatives from BSL receive the “Fast Enterprise Award”

Fast Enterprise Award

Initiated in 2007, the Asia Pacific Enterprise Awards (APEA) has become a reputable annual award held in 14 countries across the Asia-Pacific region. The goal of the award is to honor outstanding corporations and companies that have achieved impressive business performance, sustainable development, and social responsibility.

Through a rigorous evaluation process, which includes financial reporting, assessment of business data and leadership capabilities, as well as confidential interviews conducted by the International Advisory Council of Enterprise Asia, BSL is honored to be recognized in the “Fast-Growing Company” category in its first year participating in the awards.

Mr. Hoang Van Phuc – Deputy General Director of BSL, represents and receives the award

The “Fast-Growing Company” category aims to celebrate businesses that have demonstrated significant growth in revenue, market share, customer base, profitability, and outstanding brand recognition in recent years. Winning this prestigious award marks a significant milestone in BSL’s development journey, showcasing the company’s credibility and position in the Financial Leasing market.

BSL – The Trusted Financial Leasing Company in Vietnam

Representatives from BSL attend the award ceremony

Officially established on May 19, 2017, BIDV – SuMi TRUST Financial Leasing Company Limited (BSL) is one of the leading financial leasing companies, providing professional capital financing solutions for the small and medium-sized enterprise market in Vietnam.

With strong financial capabilities and robust support from strategic shareholders, namely the Bank for Investment and Development of Vietnam (BIDV) and Sumitomo Mitsui Trust Bank (SMTB), BSL provides specialized capital financing solutions for small and medium-sized enterprises in Vietnam.

Within just six years of operation, BSL has experienced significant growth, serving over 600 customers with a total outstanding loan balance of approximately 4,200 billion Vietnamese Dong (equivalent to 170 million USD). The average annual growth rate over the past 5 years has been approximately 54%, while the non-performing loan ratio has remained below 2%. With a vision to become a trusted partner in the Vietnamese Financial Leasing market, BSL has implemented a range of initiatives to support small and medium-sized enterprises, including providing flexible and affordable financial options, as well as offering financial advice and assistance.

Throughout its development, alongside contributions to economic growth, BSL has also focused on promoting social responsibility and making positive contributions to the community. The company has implemented various activities of social value, such as providing financial support to orphanages and underprivileged students, supporting livelihoods for disadvantaged households, and donating medical supplies to hospitals.

“Fast Enterprise award” is a major motivation for BSL to continue our development.

Towards a Sustainable Future!

Currently, BSL operates with 3 branches in Hanoi, Ho Chi Minh City, and Da Nang. The company has plans to expand its presence throughout Vietnam by establishing new branches in key economic centers of the country while developing partnerships with local businesses and organizations.

BSL aims to become the top choice for customers when they need financial leasing services. In addition to the core leasing services with numerous advantages (no collateral required, high financing ratio, no impact on bank credit limits), BSL plans to diversify its product portfolio by developing new leasing solutions to meet the growing demands of businesses in various industries and sectors.

Furthermore, BSL is continuously developing its technology system to enhance operations and leverage the digital platform to improve risk management capabilities and develop new service offerings

-Thao Nguyen-