Singapore, September 9, 2015 – The Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) was honored with the “House of the Year, Vietnam” award by Risk Asia Magazine for providing derivatives and best risk management in Vietnam market. BIDV is the only Vietnamese bank to be given this prestigious award in 2015, marking its Asia Risk award for the 4th year in a row.

 

​The House of the Year is an annual Asia Risk award honoring the most prominent financial institutions in the Asia-Pacific region for their successful operations in the fields of risk management and trading in derivative products. In particular, the “House of the year” category for each country is given to only one local bank or a global/regional bank branch operating in that country.

The award has been appreciated by global and regional organizations, financial institutions and leading banks for its quality, credibility and reputation. The Asia Risk magazine has organized the awarding for 16 years in a row.

With more than 20 derivatives launched since 2006, BIDV has demonstrated its position as the pioneer in supplying currency and interest rate derivatives in Vietnam. BIDV provides products to corporate customers and household businesses operating in areas ranging from agriculture, fisheries, mining to manufacturing, production. The bank’s derivative products help businesses to be proactive in their business plan, mitigate risks, and stabilize production. They also contribute to improve market knowledge, and provide effective tools for deeper integration into the world economy.

BIDV has also been awarded by prestigious magazines including Asiamoney, Asian Banking and Finance, to name a few. The Asia Risk award once again confirms the prestige and position of BIDV as one of the leading commercial banks in Vietnam – the bank which always brings the best banking services and products to customers. BIDV has been striving to develop dedicated forex and derivative products with competitive prices to better meet the needs of customers, contributing to the improvement of business efficiency and bringing more utilities and added values to customers.

For more information, please contact:

Bank for Investment and Development of Vietnam

Hotline: 1900.9247

Website: www.bidv.com.vn