VIB named a leading Asian Trade Bank
(VOV) - The Vietnam International Bank (VIB) will be honoured by the Asian Development Bank (ADB) on April 22 as one of the top Trade Finance Banks in Asia.
The award will be presented by the ADB Trade Finance Program at a gala dinner of the International Chamber of Commerce's (ICC) Banking Commission Annual Meeting to be held in Singapore.
This is the first Annual Awards Ceremony to be held by the Trade Finance Program in recognition of the significant contribution of its partners to the promotion of trade finance in the Asia and Pacific region.
The ADB’s Trade Finance Program fills market gaps for trade finance by providing guarantees and loans to banks to support trade. Backed by its AAA credit rating, ADB's Trade Finance Program works with over 200 partner banks to provide companies with the financial support they need to engage in import and export activities in Asia’s most challenging markets.
The program supports a wide range of transactions from commodities and capital goods to medical supplies and consumer goods.