Best Custodian Bank in Vietnam - BIDV
This bank has the largest number of custodian client accounts and has maintained the top position in assets under custody with a market share of 30% in 2022. This grew by 19% to $19.01 billion in 2022. Fee revenue increased by 66%.
Its new Fund Accounting and Supervisory Service system was successfully integrated with the current custody system through application programming interface.
For steady growth of total assets under custody, rising profitability and continuous efforts to strengthen the custodian business, the award for Best Custodian Bank in Vietnam goes to Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV).