With outstanding digital transformation in foreign exchange, BIDV was honored with “Best FX Bank in Vietnam 2022-2023” award for two straight years by The Asian Banker.

The award is recognition of BIDV’s pioneering efforts in the foreign exchange. The bank has made differentiation in development strategy, diversifying technological utilities, providing flexible trading and hedging products, as well as constantly improving the quality of tailored advisory products.

BIDV representative received  the "Best FX Bank in Vietnam 2022-2023” award

A well-established financial institution with a wide operating network, BIDV has affirmed its reputation and pioneering position in foreign exchange. That creates the firm ground for BIDV to meet the diverse needs for foreign exchange of individuals and businesses in challenging economic periods, even in times of liquidity crunch. Not only does BIDV provide diverse hedging solutions to adverse fluctuations in exchange rates and interest rates, it also launches preferential programs with flexible cross-selling product bundles, through combining foreign currency trading with various other products such as deposit, credit, trade finance, money transfer, etc.

Given the competitiveness among banks, BIDV continues the digital transformation to deploy outstanding innovative features such as Omni BIDV iBank. This is an ecosystem for institutional customers, offering a seamless experience on both website and mobile platforms when making foreign exchange transactions, together with a variety of other banking services. In addition, BIDV has also launched new features on BIDV SmartBanking to assist individual customers to buy and choose a suitable cash pick-up location. With BIDV’s two main platforms, BIDV iBank and BIDV SmartBanking, institutional and individual customers can buy and sell a variety of foreign currencies in cash or transfer following their payment needs, through online simple transactions.

BIDV has served hundreds of thousands of FX customers each year, including groups, corporations, foreign-invested companies, etc., with a total volume of dozens of USD billions. The trust and solid partnership with customers has been a strong driver for BIDV to constantly improve the products and services, aiming to become a leading financial institution in Southeast Asia and the bank with the best digital platform in Vietnam.