BIDV affirms its position in the field of trade finance and supply chain finance
On July 24, 2025, in Thailand, the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) was awarded the "Best Trade Finance and Supply Chain Finance Bank in Vietnam" by The Asian Banker Magazine. This is the second consecutive time BIDV has been awarded this award, affirming the prestige, innovation capacity and outstanding efficiency of BIDV's products and solutions in this field.
The Asian Banker is one of Asia's leading financial rating organizations, famous for its rigorous ranking system and internationally recognized awards. In particular, the award system in the field of trade finance and supply chain finance is implemented to honor financial institutions with outstanding achievements in trade finance, supply chain finance and international payments.
The Asian Banker Magazine's award reviewers and judges particularly appreciated BIDV's strong and sustainable growth in business efficiency; its proactiveness in innovating products and services; and its push to digitize and modernize its trade finance and supply chain platforms. The Asian Banker commented: "BIDV's continuous innovation and updating of trade finance and supply chain activities to meet customer needs reflects BIDV's increasingly strong position in the finance and banking sector."
According to The Asian Banker, in 2024, BIDV has implemented many innovative financial solutions such as building trade finance products with flexible collateral policies, suitable for the business reality of enterprises and competitive interest rates and fees, etc., thereby supporting enterprises to supplement working capital for production, processing and business activities.
In addition, BIDV's supply chain financing products are "tailored" to each industry such as automobiles, fast-moving consumer goods, etc., bringing outstanding financial efficiency and being highly appreciated by customers. Through that, BIDV has established and expanded cooperation with many strategic partners, including multinational corporations and leading domestic enterprises.
With effective solutions and positive reception from the business community, BIDV has achieved many impressive results with many business indicators in trade finance and supply chain finance leading the market. In 2024, BIDV's import-export payment and trade finance turnover increased by 13% and the number of import-export customers increased by more than 12%. Regarding supply chain finance, BIDV's financing turnover increased by 75% over the same period, accounting for the No. 1 market share in SCF outstanding loans, net income from the chain grew by 125%, leading the market in the number of deployed chains, especially distribution chains with diverse fields such as automobiles, animal feed, fertilizers - chemicals, and construction materials.
In the coming time, BIDV will continue to focus on digital finance and sustainable finance solutions to accompany Vietnamese businesses to meet international standards. This includes developing and putting into use the BIDV TradeFlat digital trade finance platform and the BIDV SCF online supply chain finance platform. These are platforms that help digitize 100% of the transaction process, enhance transparency and reduce operating time for participating parties. All trade finance and supply chain finance transactions are conducted online, anytime, anywhere, with transaction processing time shortened thanks to timely information synchronization between related parties.
BIDV representative received the award from The Asian Banker
