Typical bank providing derivative products in Vietnam in 2022

VietinBank has just been honored by Global Banking & Finance Review - a prestigious international magazine in the fields of economics, finance and banking in the category of "Derivatives Bank Brand of the Year Vietnam 2022" - "Outstanding bank in providing derivative products in Vietnam in 2022". This is the third consecutive time that VietinBank has been honored in this category by various independent prestigious organizations in the global financial community for derivative products.

The award is organized annually by Global Banking & Finance Review with a high level of prestige and transparency to recognize and honor outstanding units in the financial sector. In 2022, VietinBank has successfully surpassed many potential candidates to conquer the Jury of Global Banking & Finance Review with outstanding product and service quality.

Affirming the leading position in the market share of providing commodity derivative products

In the past year, VietinBank continued to maintain its leading position in market share and is proud to be the market maker providing commodity derivatives (PSHH) in Vietnam. With more than 12 years of experience in the PSHH market, VietinBank is currently providing a variety of price fluctuation risk hedging solutions for thousands of corporate customers operating in many business fields such as: Agricultural products, fuel, energy, metals... The total value of derivative contracts traded at VietinBank in 2022 reached a record of more than 11 billion USD, an increase of 37.5% compared to 2021.

The key factor that helped VietinBank conquer the Global Banking & Finance Review Jury is the investment in technology and the promotion of digitalization. VietinBank is currently cooperating with the world's leading trading software providers to develop a PSHH trading platform suitable for customers in Vietnam. VietinBank's professional trading platform with a friendly interface, high stability and reliability has been providing customers with the best trading experience.

In addition, it is impossible not to mention VietinBank's deep and wide cooperation network with many large global institutions such as MUFG, ANZ, Standard Chartered Bank, HSBC, BNP, Shinhan Bank, UOB...; thanks to that, VietinBank always provides customers with very competitive prices.

Pioneer and leading bank in the interest rate derivatives market

Proud to be one of the pioneering commercial banks in providing interest rate derivatives (PSLS), VietinBank has always affirmed its position as a market maker with a strong customer base growth over the years. With strong financial capacity in the domestic market, along with comprehensive cooperation with leading financial institutions in the international market, VietinBank has built comprehensive solution packages based on combining traditional products such as foreign exchange, credit, deposits, etc. and modern derivative products to meet the diverse needs of customers.

For many consecutive years, VietinBank has provided customers with PSLS products with diverse terms, currencies, reference interest rates with large volumes and the most competitive prices. PSLS products provided by VietinBank are very flexible, helping customers prevent risks of interest rate and exchange rate fluctuations, planning long-term financial plans through fixing interest payment costs, approaching international practices on risk management. Customer experience is always focused on through enthusiastic advice from a team of experienced and highly specialized staff, along with constantly promoting and developing technology and modern transaction systems. VietinBank is also the only domestic bank in the market using the Murex system to price and manage PSLS transactions automatically to best support customers.

The Global Banking & Finance Review award in 2022 continues to affirm VietinBank's position in the PSLS market, a worthy recognition for VietinBank's efforts to accompany businesses on the development journey and approach modern risk management and financial management practices in the international market.