Tuesday, 25 June 2024

BIDV — Best Custodian Bank in Vietnam

5 min read

By The Asian Banker

BIDV led domestically in custodian accounts, maintaining 27% market share in total assets under custody. Despite a 35% bond market decline, its custody assets grew by 22% in 2023. Implementing Vietnam’s first fund administrative supervision system automated 85% of daily transaction calculations by directly connecting to external data providers for market prices.

For robust custody asset growth and ongoing efficiency enhancements, the award for Best Custodian Bank in Vietnam goes to Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV).

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