An Binh Commercial Joint Stock Bank won for ‘Trade Deal of the Year’ given to banks for outstanding achievements in trade finance at the Asian Development Bank Trade and Supply Chain Finance Programme Awards held in Singapore last week.
Nguyen Thi Hong Nhung (second from left), director of ABBANK’s operations division, receives the ‘Trade Deal of the Year’ award given to her bank by the Asian Development Bank. (Photo courtesy of ABBANK)
HCM City (VNS/VNA) - An Binh Commercial Joint StockBank won for ‘Trade Deal of the Year’ given to banks for outstandingachievements in trade finance at the Asian Development Bank Trade and SupplyChain Finance Programme Awards held in Singapore last week.
All banks participating in the ADB’s Trade and Supply Chain Finance Programme(TSCFP) are eligible to be nominated, and the winner was chosen this year fromamong more than 240 participants based on multiple factors such as how theirtransactions impacted the country and helped clients improve their business andhow TSCFP contributed to the success of the transaction.
ABBANK, the only Vietnamese representative to win in this category, and itspartner DBS (Singapore) won the honours.
An ABBANK representative said: “In the context of strong import-export growth,ABBANK has been developing financial solutions to support international paymenttransactions that are convenient and safe and minimise risks.
“[The] award once again affirms ABBANK's position and professionalism in theimport-export finance market, bringing benefits to customers and the domestictrade market.”
In addition to working capital financing, the bank also offers import-exportcustomers many other products and services such as UPAS L/C, discount ofdocuments, guarantee, L/C re-issuance, and L/C confirmation.
The TSCFP Awards is among the most prestigious accolade in the banking andfinancial industry in Asia./.
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Nguyen Thi Hong Nhung (second from left), director of ABBANK’s operations division, receives the ‘Trade Deal of the Year’ award given to her bank by the Asian Development Bank. (Photo courtesy of ABBANK) 
