The Bank for Investment and Development of Viet Nam (BIDV) has been named as the best provider of foreign exchange services in Viet Nam by Asiamoney magazine, becoming the third-time recipient of the prestigious award voted by financial institutions and businesses.

The bank has also been named the best for foreign exchange research and market coverage in Viet Nam by the Asian leading regional financial publication.

The annual award, voted by 394 financial institutions and more than 1,900 businesses, is to honour financial institutions across Asia-Pacific in foreign exchange and financial analysis.

BIDV’s total assets rose 85 times from 8.7 trillion VND (399 million USD) in 1995 to 730 trillion VND (33.4 billion USD) in 2015, making it one of the largest banks in Viet Nam.

It has contributed 12 trillion VND (550.46 million USD) to the State budget so far.

(Source: VNA)