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In August 2025, JSC Investment and Development of Vietnam (BIDV) and Asian Development Bank (ADB) signed the Confirming Bank Agreement under ADB’s Trade and Supply Chain Finance Program (TSCFP).

This agreement enhances the cooperation between the two institutions in supporting trade finance transactions. Under the agreement, BIDV can provide eligible trade finance products (including guarantees, L/C confirmation, UPAS L/C, L/C refinancing, etc.) to other commercial banks backed by ADB’s guarantee. These guaranteed banks, also known as Issuing Banks in the TSCFP, could receive ADB guarantees covering up to 100% of the transaction value to ensure their payment obligations to BIDV upon maturity.

ADB guarantee mechanism helps mitigate risks and enhance the financing capacity of BIDV for Issuing Banks in high-potential emerging markets such as Bangladesh, Sri Lanka, Mongolia, etc., and possibly in domestic trade transactions in the coming time. At the same time, the guarantee mechanism also enables BIDV to develop more competitive pricing policies when extending trade finance services with partner banks, thereby indirectly supporting corporate customers in accessing bank financing at reasonable costs in import-export transactions. This cooperation contributes to the diversification of BIDV’s products and services for banks and corporate clients engaged in import–export, affirming BIDV’s role as one of ADB’s leading and most extensive partners in Vietnam.

Previously, in 2009, BIDV signed the Issuing Bank Agreement with ADB under the TSCFP and has made many positive contributions to the development of the program for over 15 years. With its new role as a Confirming Bank, BIDV will further unlock cooperative potential and reaffirm its commitment to working with ADB to promote global trade flows—especially in Asia-Pacific.

About ADB’s TSCFP Program

ADB’s TSCFP currently includes 279 participating banks worldwide, comprising 79 Issuing Banks in 16 ADB member countries and 200 Confirming Banks in 90 countries. The program aims to maximize development impacts of trade and supply chain finance in developing Asian nations by providing guarantees and loans to eligible banks. It also focuses on building more sustainable, flexible, and transparent global trade and supply chain finance.

BIDV joined the TSCFP in 2009 as an Issuing Bank. Over more than 15 years, BIDV has received numerous honors from TSCFP, including:

• Leading Partner Bank in Vietnam in 2016, 2017, 2018, and 2023
• Best SME Deal in 2018
• Leading Partner Bank of the Decade in 2024
• Green Deal Champion in 2024