The Bank for Investment and Development of Vietnam (BIDV) in Hanoi on April 27 was honoured as the Best Local Trade Finance House 2012 in Vietnam by Euromoney Magazine.
The award is based on studies and nominations from businesses using trade finance services.
The criteria to win this award include product knowledge level, consultancy quality of staff, professional operation model, concentration on serving customers with international standards, administrative ability, risk minimization, competitive price while ensuring good profit growth capacity, wide network of transaction points, network of agency banks, specific solutions, and initiatives for customers, as well as other factors.
Euromoney is a famous magazine in economy and finance. It was founded in 1969 and is headquartered in the UK. The magazine is now present in over 100 countries and territories.
Its readers are leaders of finance-banking corporations, investment funds, management agencies, lawyers, consultancy agencies, finance directors and CEOs.