BIDV receives Asia Risk award
(VOV) - The Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) was honoured with the House of the Year award by the Hong Kong-based Asia Risk Magazine on October 30.
BIDV is the only bank in Vietnam to receive this award. The bank won the prize in 3 straight years for its provision of derivative products and risk administration in Vietnam.
Launching a package of derivative products in 2006, the BIDV holds a big share in the domestic derivative product market and has become the first Vietnamese bank supplying them to help customers prevent risks due to changes in foreign exchange rates, interest rates and commodity prices that may affect their business activities.
House of the Year is an annual Asia Risk award hounouring 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.