BIDV won the prize for its achievements in improving its products and services, market effectiveness and flexibility. Photo tinnhanhchungkhoan.vn

HA NOI (Biz Hub)— The Bank for Investment and Development of Viet Nam (BIDV) has been awarded the coveted Viet Nam Domestic Cash Management Bank of the Year by Asian Banking and Finance Magazine.

The announcement came at the international 2013 Wholesale Banking Awards.

BIDV won the prize for its achievements in improving its products and services, market effectiveness and flexibility.

Last year the bank was also recognised for providing the Best Overall Domestic Cash Management Services and Best Overall Cross-border Cash Management Services by Asiamoney Magazine.

Its BIDV Online Payment and Collection Solution was the only product in the Viet Nam Banking system listed in the top 10 of the Viet Nam Golden Product 2012 awards, organised by the National Office of the Intellectual Property of Viet Nam and the Ministry of Science and Technology.-VNS