BIDV named Best Custodian Bank in Vietnam for 3 years in a row

Publish date
16/06/2023

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BIDV named Best Custodian Bank in Vietnam for 3 years in a row

On 14 June 2023, BIDV was honored as Best Custodian Bank in Vietnam 2023 at The Asian Banker’s Business Achievement Awards program.

The “Best Custodian Bank” award is independently evaluated in more than 3 months by experts and researchers on over 250 financial institutions in the Asia Pacific. Evaluation criteria include financial performance, technological platform, services, and risk management methods in the management, depository and supervision of customer assets. The award is recognition of BIDV's efforts and achievements in catching up with the market trends, as well as in providing comprehensive services and technological capacity. The award reaffirms BIDV's No.1 position among domestic custodian banks.

The first bank granted a depository license in 2003, BIDV boasts 20 years of experience in the fields of custodian and supervisory services and has always maintained its leading position among domestic custodian banks. The bank’s total securities under custody saw an annual growth rate of 36%, reaching over VND448 trillion. Income from custodian and supervisory services increased by 65% compared to 2022. BIDV is the only bank in Vietnam that provides all-in-one services for investors, investment trust portfolios as well as for all types of securities investment funds such as open-ended funds, closed-end funds, member funds, exchange-traded funds (ETF), property investment funds, and pension programs.

In 2022, BIDV focused on boosting investment in technology, digitizing service processes, improving product quality, accuracy, and turn-around time. For proactiveness in continuous technology upgrades, BIDV has earned the trust and choice of investors. Leveraging the achievements, BIDV will continue to promote investment in technology and people, expand and develop new services to get ahead of market trends.

Founded in 1996 in Singapore, The Asian Banker is a leading provider of strategic intelligence and builder of platforms in the financial services industry. The magazine runs regular programs around the world, including across Asia Pacific (China, Japan, etc.) and some cities in Europe. The Asian Banker also honors BIDV in the categories of “Best Retail Bank in Vietnam”, “Best International Credit Card in Vietnam”, “Best Home Loan Financing”, and “Best FX bank in Vietnam”.

 

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