On July 24, 2025, in Thailand, Vietnam Joint Stock Commercial Bank for Investment and Development (BIDV) was awarded the Best Trade Finance and Supply Chain Finance Bank in Vietnam award by The Asian Banker Magazine.
This is the second consecutive time BIDV has been awarded this award, an affirmation of the prestige, innovation capacity and outstanding efficiency of BIDV's products and solutions in this field.
The Asian Banker magazine is one of the leading financial evaluation institutions in Asia, famous for its strict ranking system and awards widely recognized by international experts. In particular, the award system in the field of trade finance and supply chain finance is deployed to honor financial institutions with outstanding achievements in international trade finance, supply chain finance and payment activities.
Experts evaluating and evaluating the awards of The Asian Banker Magazine especially appreciated BIDV's strong and sustainable growth in business performance; proactiveness in innovating products and services; along with promoting the digitalization and modernization of trade finance platforms and supply chains.
The Asian Banker commented: "BIDV's continuous innovation and updating of trade finance activities and supply chains to meet customer needs reflects BIDV's increasingly strong position in the finance - banking sector".
According to The Asian Banker, in 2024, BIDV has implemented many innovative financial solutions such as building trade finance products with flexible asset policies, suitable for the business reality of enterprises and competitive interest rates, fees, etc. Thereby supporting enterprises to supplement mobile capital for production, processing and business activities.
In addition, BIDV's supply chain sponsorship products are "tailored" according to each industry such as automobiles, fast-moving consumer goods, ... have brought outstanding financial efficiency and have been highly appreciated by customers. Through that, BIDV has established and expanded cooperation with many strategic partners such as multinational corporations and leading domestic enterprises.
With effective solutions and positive acceptance from the business community, BIDV has achieved many impressive results with many business indexes on trade finance and supply chain finance leading the market.
In 2024, BIDV's import-export payment (IP) and trade finance sales will grow by 13% and the number of import-export customers will grow by more than 12%.
Regarding supply chain financing, BIDV's financing sales increased by 75% over the same period, accounting for the No. 1 market share in SCF outstanding debt, net income from the outstanding growth chain of 125% leading the market in the number of implementation chains, especially distribution chains with diverse fields of automobiles, animal feed, fertilizers - chemicals, construction materials.
In the coming time, BIDV will continue to focus on digital finance and sustainable finance solutions to accompany Vietnamese enterprises to meet international standards.
This includes the development and use of the BIDV TradeFlat digital trade finance platform and the BIDV SCF online supply chain finance platform.
These are platforms that help digitize 100% of transaction processes, improve transparency and reduce working time for participants. All trade finance and supply chain finance transactions are conducted online, anytime, anywhere, with transaction processing time shortened thanks to the timely synchronization of information between relevant parties.
