Techcombank Vietnam received 2 awards from Asian Banker

Recently, Techcombank Vietnam was honored to be the Leading Counterparty Bank and Best Trade Finance Bank in Vietnam in 2013 by the Asian Banker magazine. This is the consecutive second year that Techcombank received Best Trade Finance Bank award.

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The Asian Banker is one of the world leading magazines, which specializes in providing the strategic information in fields of financial services. The Magazine collects and publishes data on business activities of banks mainly in Asia Pacific and the Middle East. In a notice sent to Techcombank (one of prestigious Vietnam banks) the Asian Magazine remarked that the business indicators in 2013 of the bank grew significantly in comparison to the previous year. In details, trade finance loans increased by 125%, and the revenue from this activity steadily rose in 2-digit level. Besides, Techcombank also successfully implemented Letter of Credit Usance Paid at Sight (UPAS L/C) and Enterprise Content Management (ECM), which have improved the efficiency of application processing. In addition, Techcombank also expanded cooperation with the International Finance Corporation (IFC). Currently, Techcombank is the most active member and also the largest client of IFC participating in Global Trade Finance Program (GTFP). The bank is the first Vietnam bank providing the international payment services for customers who have demands of international transactions. This service is known as Letter of credit with deferred payment.

Nowadays, Techcombank has built a system of international banking agents including 12,000 banking agents and branches in 140 countries in the world. The bank always constantly "refresh" its trade finance services. The bank has served the needs of customers with diverse products and services such as solution packages of agricultural exports, the imports of iron and steel products, animal feeds, and export credit guarantees under the GSM-102 Program of the United States. Besides, new trade finance services have been constantly added like letter of credit usance paid at sight, transferable letter of credit, export factoring, etc. Two new awards are an affirmation of the international community about prestige, quality of products and services of the bank in general, and the quality of trade finance services in particular. Simultaneously, it is also driving force for Techcombank continuing to improve and enhance its quality of products and services.

Besides the Asian Banker, the field of trade finance  of Techcombank also received many awards from other international finances such as Asian Banking & Finance, Global Trade Review, Finance Asia, Global Banking & Finance, Alpha Southest Asia, etc. From early 2014 to now, Techcombank was awarded 15 prizes from prestigious magazines and international organizations, in which, there are four prizes for the field of trade finance including Corporate Treasure, Global Finance, and Asian Bank & Finance Review. With these achievements and the continuous efforts improving the quality of products and services, especially in trade finance, Techcombank is always one of the most reliable banks in Vietnam.