At his working session with the bank in Hanoi on February 22, the Deputy PM said BIDV should build up its financial strength and a staff of qualified experts, and provide diverse services in order to win trust from local and foreign customers.

He said the Government aims to turn the country into an industrialised country with a GDP of around US$250 billion by 2020.

To achieve the goal, credit supply must be half as much against the GDP, or US$300 billion, which is six-fold the current level. Credit organisations have to hold at least 30 percent of the figure, or about US$100 billion, said Mr Hung.

According to BIDV Director General Tran Bac Ha, the bank plans to earn US$1 billion in profit and become a strong and multi-functional finance group by 2011.