BIDV representative received the award from The Asian Banker - Photo: BIDV
On July 24 in Thailand, the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) was awarded the "Best Trade Finance and Supply Chain Finance Bank in Vietnam" by The Asian Banker magazine.
Continuing to receive this award is an affirmation of the prestige, innovation capacity and outstanding efficiency of BIDV's products and solutions.
BIDV is highly appreciated for its strong and sustainable growth in business. In addition, this bank is also proactive in innovating products and services along with promoting digitalization and modernization of trade finance and supply chain platforms.
The Asian Banker commented that BIDV's continuous innovation and updating of trade finance and supply chain activities shows its increasingly strong position in the finance and banking sector.
According to The Asian Banker , in 2024, BIDV will deploy many innovative financial solutions. Accordingly, the bank has built trade finance products with flexible collateral policies, competitive interest rates and fees... Thanks to that, businesses can supplement working capital for production, processing and business activities.
In addition, BIDV's supply chain financing products are designed for each industry such as automobile, fast-moving consumer goods... to bring outstanding financial efficiency to customers.
Through that, BIDV has established and expanded cooperation with many strategic partners, including multinational corporations and leading domestic enterprises.
With effective solutions and positive reception from the business community, BIDV has achieved many impressive results in trade finance and supply chain. In 2024, import-export payment and trade finance turnover increased by 13%. The number of import-export customers increased by more than 12%. Supply chain finance turnover increased by 75% over the same period.
Regarding supply chain financing, financing revenue increased by 75% over the same period, accounting for the No. 1 market share in terms of outstanding SCF loans. Net income from the chain grew by an outstanding 125%, leading the market in terms of the number of chains deployed, especially distribution chains in the fields of automobiles, animal feed, fertilizers - chemicals, and construction materials.
In the coming time, BIDV said it will continue to focus on digital financial solutions and sustainable finance, to accompany Vietnamese businesses to meet international standards.
The bank will develop and operate BIDV TradeFlat (trade finance) and BIDV SCF (supply chain finance). Both platforms help digitize 100% of the transaction process. Thanks to that, businesses can transact online, operate quickly, anytime, anywhere. In addition, transactions become more transparent.
The Asian Banker magazine is one of Asia's leading financial rating organizations, famous for its rigorous ranking system and internationally recognized awards.
Source: https://tuoitre.vn/bidv-khang-dinh-vi-the-voi-giai-thuong-tai-tro-thuong-mai-quoc-te-20250729174441545.htm
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