Bank for Investment and Development of Việt Nam (BIDV) is the only bank to receive the Best Retail Bank title at the 2016 Việt Nam Outstanding Banking Awards. — VNS Photo

Bank for Investment and Development of Viet Nam (BIDV) is the only bank to receive the Best Retail Bank title at the 2016 Viet Nam Outstanding Banking Awards.

The honour was presented to the bank at a ceremony jointly held by International Data Group (IDG) and Viet Nam Banks Association (VNBA) in HCM City on Thursday.

Addressing the ceremony, a representative from BIDV said the award acknowledges achievements the bank has recorded in the retail banking services over the past decade, stressing that the bank has conducted various reforms in this field.

Le Doan Hop, IDG president, said the award, first launched in 2012, aims to honour banks and banking service suppliers that have made outstanding contributions to the development of the banking sector and the financial sphere in general.

Winners of other titles, such as the Best Online Bank, Bank for Community, Best Information Security Bank and Most Innovative Products and Services Award, were also announced on this occasion.

Last year, BIDV, which has 1,813 ATMs, was named the Best Online Bank. — VNS