Saturday, 26/07/2025
   

VietinBank receives 2 awards given by JPMorgan

On August 3, 2022 in Hanoi, VietinBank held a ceremony to receive 2 awards: 2021 Elite Quality Recognition Award for U.S. dollar clearing MT202 and for U.S. dollar clearing MT103.

Attending the the ceremony, from JPMorgan, there were Ms. Hong Wai Wei - Managing Director, Head of Corporate Banking, ASEAN; Ms. Phan Bich Van - Managing Director, Senior Country Officer, JPM Vietnam; Ms. Hooi Ching Wong - Managing Director, Head of FIG Sales, ASEAN cum CEO, JPMorgan Malaysia; Ms. Dang Quynh Hoa - Executive Director, Financial Institutions Group Vietnam.

On VietinBank's sidewere present Mr. Hoang Ngoc Phuong - Deputy General Director; Mr. Truong Minh Hoang - Acting Director of Operations Division, Representatives of Trade Finance Center, Payment Center, Department of Financial Institutions...

These two awards were presented to VietinBank by JPMorgan - one of the world's largest US banks providing US Dollars (USD) clearing services for.

VietinBank

VietinBank receives 2 awards given by JPMorgan

These awards honor the banks whose straight through payment (STP) rates of trade finance and international payment transactions processing exceed 90%; which, at the same time, is also the international criterion for assessing the quality of trade finance and international payment services provided by banks.

VietinBank has been honored with 2 awards by JPMorgan, including: Elite Quality Recognition Award for U.S. dollar clearing MT103 with STP rate of 99.72% and Elite Quality Recognition Award for U.S. dollar clearing MT202 with STP rate of 99.83%.

Speaking at the ceremony, the representative of JPMorgan stated: “These are extremely impressive achievements, not only for a Vietnamese bank but also for the international level; especially in the context of the year 2021 when the world was in the face of chaos caused by the COVID-19 pandemic, VietinBank still managed to maintain operation excellence, effectively providing customers with high quality services. “JPMorgan representative assessed that VietinBank's maintenance of outstanding MT103 and MT202 STP rates for many consecutive years has proved VietinBank’s leading position in operation in the market.

VietinBank

VietinBank’s operation excellence in trade finance and international payment has been highly recognized and awarded by JPMorgan

Up to 2022, VietinBank and JPMorgan have had more than 25 years of cooperation on many areas, especially in trade finance and international payment. In order to cooperate with VietinBank in a variety of trade finance products, JPMorgan is among the banks that continuously grant the largest trade limits to VietinBank. At the same time, JPMorgan and VietinBank have implemented tremendous cooperation on trade finance and international payment, provided experience sharing on professional knowledge and trends of regional and global markets. At the meeting, the two parties also discussed topics of interest such as digitization, cyber-security, and opportunities for continued cooperation to support VietinBank’s clients.

Over the past years, VietinBank has been awarded a lot of awards for trade finance and international payment by prestigious regional and international organizations such as: The Asian Banker, Global Finance (USA), International Finance Corporation (IFC), Wells Fargo (USA), Deutsche Bank AG (Germany)…

  • Capital poured into agriculture, rural areas

    Capital poured into agriculture, rural areas

    Credit growth for agriculture and rural development in Việt Nam rose 5.31 per cent in the first half of 2025 compared to the end of 2024, accounting for 23.16 per cent of the country’s total outstanding loans.

  • Interest rate developments applied by credit institutions in June 2025

    Interest rate developments applied by credit institutions in June 2025

    State Bank of Vietnam has just released the interest rate developments of credit institutions in June 2025

  • Interest rate cut requires a trade-off in foreign exchange rate

    Interest rate cut requires a trade-off in foreign exchange rate

    Phạm Chí Quang, Director of the State Bank of Vietnam (SBV)’s Monetary Policy Department, talks about the cause of the đồng devaluation and forecasts the đồng in the second half of 2025.

  • SBV Action Plan to implement the National Strategy on Green Growth

    SBV Action Plan to implement the National Strategy on Green Growth

    State Bank of Vietnam (SBV) has coordinated with the German Agency for International Cooperation (GIZ), the International Finance Corporation (IFC), and the Swiss Secretariat for Economic Affairs (SECO) in organizing a Workshop to promote the implementation of the Banking Sector's Action Plan to implement the National Strategy on Green Growth for the period 2021 – 2030, and the Launching Ceremony of the Handbook on Environmental and Social Risk Management System in Credit Granting Activities.

  • Autonomy and stability balanced via credit reform

    Autonomy and stability balanced via credit reform

    The State Bank of Vietnam is setting out a roadmap towards removing credit growth ceilings, accompanied by efforts to enhance the autonomy of credit institutions.

  • More than 86 million bank accounts to be terminated from September 1

    More than 86 million bank accounts to be terminated from September 1

    The SBV stated that the deletion of over 86 million bank accounts was considered a system cleanup measure.

  • Vietnamese banks set for growth on major policy shift

    Vietnamese banks set for growth on major policy shift

    Experts believe that if managed properly, lifting credit room restrictions will enhance lending flexibility, allowing for a more natural adjustment of capital supply and demand, thereby facilitating investment and production needs in the economy.

  • Completing the legal framework for green finance development

    Completing the legal framework for green finance development

    On July 15, 2025, in Hanoi, the Policy Committee of the Vietnam Banks Association (VNBA) successfully organized a Seminar with the theme "Completing the legal framework to facilitate the operations of credit institutions related to green finance". The event brought together many leading experts, representatives of management agencies and financial institutions to discuss solutions to promote the sustainable development of green credit in Vietnam, in line with the country's potential and goals.

  • Vietnam Banks Association debuts its Risk Committee

    Vietnam Banks Association debuts its Risk Committee

    On July 16, 2025, in Hanoi, the Vietnam Banks Association (VNBA) officially announced and launched the Risk Committee under the Association Council.

  • Data is crucial for banking industry to move to new development phase

    Data is crucial for banking industry to move to new development phase

    The banking industry, one of the leading fields in applying technology and digitalising services, has all the conditions to move to a new development phase where data is considered the centre for all operations, decision-making and customer service, Vice Chairman and General Secretary of the Vietnam Banks Association (VNBA) Nguyễn Quốc Hùng said on Wednesday.

Calculate deposit interest
VNĐ
%/year
month
Calculate deposit interest

Loan calculation
VNĐ
%/year
month
Loan calculation