BIDV has recently been awarded the title “Vietnam Domestic Foreign Exchange Bank of the Year 2019. This is the second consecutive year the lender has received this title.

The award provides recognition of BIDV’s efforts in providing the best forex products tailored to customers’ diverse risk appetite and market conditions.

In recent years, the bank’s active and creative mindset coupled with an advanced foreign currency trading model, has enabled it to be pioneering in providing diverse foreign currency products and structured packages combining forex trading and trade finance as well as cross-selling packages to customers. The new product structures helped customers save costs as well as hedging exchange rate risk, contributing to the sharp growth of over 50 percent in net forex income against last year.

In addition, BIDV has also been taking the lead in developing and finalising forex products management and development policies by applying modern business management studies to evaluate product effectiveness.