CIMB Bumiputera Vendor Development Programme (CIMB BVDP) is a bespoke 30-month upskilling programme designed for Bumiputera vendors and service providers that support the banking industry with the aim of enhancing their competitiveness. Launched on 23 July 2015 , this programme is in line with the national Bumiputera Economic Empowerment Agenda set out in 2013 and the MoU signed between CIMB and the Ministry of International Trade and Industry in November 2014 to promote Bumiputera entrepreneurship.
CIMB partners with University Tun Abdul Razak (UNIRAZAK) to design customised programmes for each of the SMEs which include bringing in industry experts based on areas of need and formulating a Strategic Business Design (“SBD”) for each of the vendors.
To be successful, vendors have to adopt a global mindset and possess the competitive spirit essential to grow beyond national borders. These companies must also demonstrate outstanding and superior service quality, offer competitive pricing and have the ability to manage their supply chain efficiently to compete at the highest level.