Singapore, 7 September 2016 – In the framework of the Global Trade Review (GTR) Asia Trade and Treasury Week 2016, the Asian Development Bank (ADB) announced the winners of its second annual Trade Finance Program (TFP) Awards. BIDV is Vietnam’s only bank granted the “Leading Partner Bank in Vietnam 2016” award.

​The awards recognize the TFP’s most active partner banks as measured by the number of transactions conducted during 2015 through to mid-2016. The award granted by ADB is the recognition for BIDV’s endeavors in maintaining and strengthening its operational capacity in trade finance as well as information transparency.

The ADB’s Trade Finance Program provides guarantees and loans to over 200 partner banks to support trade. Since 2009, the TFP has supported more than 8,200 small and medium-sized enterprises across the region, with about 11,800 transactions valued at over USD23.6 billion.

In August 2009, BIDV was one of the first Vietnamese partners selected by ADB to be granted credit limit and sign trade finance contracts. Given the international banks’ down-scaling caused by global turbulence, the limit granted by ADB to BIDV helped restrain negative impacts on the provision of trade finance services, facilitating BIDV to conduct more trade finance transactions with its customers.

About ADB

ADB, based in Manila, is dedicated to reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration. Established in 1966, ADB in December 2016 will mark 50 years of development partnership in the region. It is owned by 67 members—48 from the region. In 2015, ADB assistance totaled USD27.2 billion, including co-financing of USD10.7 billion.

About BIDV

BIDV, primarily state-run, is Vietnam’s leading commercial bank. The bank’s total assets as of 30 June 2016 stood at VND930,500 billion (approx. USD42.5 billion). BIDV operates in various fields including banking, insurance, securities, investment, etc. with a network of 1,005 branches and transaction points across Vietnam, in addition to representative offices and companies in foreign countries. BIDV established partnership with more than 1,670 banks and bank branches in 122 countries and territories. 

For more information, please contact:

Bank for Investment and Development of Vietnam JSC

Financial Institutions

Email: bandctc@bidv.com.vn

Website: www.bidv.com.vn