VietinBank received 2 major awards from IFC in trade finance

On March 23, the representative of the International Finance Corporation (IFC) – a member of the World Bank Group (World Bank Group) presented the award “Best Issuing Bank in East Asia – Pacific Region”. Best Issuing Bank Partner in East Asia and the Pacific) and the award “Best Bank Partner for Climate Trade in East Asia and the Pacific) for VietinBank. This is the third time in a row that VietinBank has received the IFC award, and VietinBank is the only bank in the region to receive two awards in 2022.

This is IFC’s recognition of VietinBank in IFC’s Global Trade Finance Program (GTFP).

GTFP is a cooperation program to support the development and enhance the capacity of banks in shopping mall operations by providing guarantees to guarantee payment obligations in shopping mall transactions. From there, helping many countries and businesses in emerging markets participate in the global supply chain. After 17 years of implementation, GTFP now has more than 500 members who are major banks in the world.

In order to recognize the positive contributions of banks when participating in GTFP, every 2 years, IFC reviews, evaluates and awards outstanding banks.

Speaking at the ceremony, Ms. Nguyen Hoai Lien – IFC representative in Vietnam shared that over the past 2 years, the Covid-19 pandemic has impacted the global economy as well as banks, especially in the field of banking. shopping mall area. IFC highly appreciates VietinBank’s efforts in promoting commercial development, becoming a bank with a large and prominent contribution to IFC’s GTFP in the East Asia – Pacific region. This is the third time in a row that the IFC Evaluation Council decided to give VietinBank the award “Best Issuing Bank in East Asia – Pacific” – GTFP’s highest award.

VietinBank’s contributions to promoting environment-friendly and energy-efficient shopping mall transactions have been highly appreciated by IFC with the award “The best commercial center bank in the region to support environmental transactions in the region.” East Asia – Pacific”. IFC wishes VietinBank to promote its advantages as a large, market-leading bank with quality shopping mall services. small and medium enterprises, supporting women-owned businesses….

The award is IFC’s recognition for VietinBank in shopping mall activities, which is measured and evaluated based on operating sales, professionalism and service quality of the shopping mall. The IFC’s appreciation and award for the third time in a row affirms VietinBank’s prestige, outstanding and sustainable position in the market in the field of shopping malls.

Representative of VietinBank Shopping Center, Ms. Vu Thi Thanh Van – Deputy Director of the center said, With the IFC guarantee limit granted to VietinBank up to 120 million USD, VietinBank has successfully implemented many capital mobilizations and transactions. shopping mall services for customers. The cooperation of VietinBank and IFC under GTFP opens up opportunities for customers, especially small and medium enterprises and women-owned enterprises, to access shopping mall services easily and efficiently. IFC’s award is a great honor for VietinBank; at the same time, it is the driving force for VietinBank to continue to improve and improve the quality of customer service, expand international cooperation opportunities, and elevate VietinBank’s position in the region.