The Joint Stock Commercial Bank for Investment and Development of Vietnam ( BIDV) has recently been hounoured with the House of the Year award presented by the Hong Kong-based Asia Risk Magazine.
The Joint Stock CommercialBank for Investment and Development of Vietnam ( BIDV) hasrecently been hounoured with the House of the Year award presented bythe Hong Kong-based Asia Risk Magazine.
The bankwon the prize in two straight years for its provision of derivativeproducts and risk administration in Vietnam.
Launching a package of derivative products in 2006, the BIDV holds a bigshare in the domestic derivative product market and has become thefirst Vietnamese bank supplying them to help customers prevent risks dueto changes in foreign exchange rates, interest rates and commodityprices that may affect their business activities.
House of the Year is an annual Asia Risk award hounouring the mostprominent financial institutions in the Asia-Pacific region for theirsuccessful operations in the fields of risk management and trading inderivative products.-VNA
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