16:00 21/05/2025

bet88 conPVcomBank strengthens its standing in Vietnam’s foreign exchange market

Diep Linh

Vietnam Public Commercial Joint Stock Bank (PVcomBank) has been named “Best Newcomer” at bet88 con LSEG Vietnam FX Awards 2025, marking a significant milestone in its efforts to strengthen its role in Vietnam’s foreign exchange market.

PVcomBank honored at LSEG Vietnam FX Awards 2025, affirming its capabilities in bet88 con foreign exchange market.
PVcomBank honored at LSEG Vietnam FX Awards 2025, affirming its capabilities in bet88 con foreign exchange market.

Despite market volatility in 2024, Vietnam Public Commercial Joint Stock Bank (PVcomBank) has demonstrated bet88 con capabilities of a leading market maker and solidified its influence in Vietnam’s FX landscape. This strong performance was recently recognized at bet88 con LSEG Vietnam FX Awards, where PVcomBank was honored with bet88 con “Best Newcomer” title - awarded by bet88 con London Stock Exchange Group (LSEG) to bet88 con most dynamic new banking institution in bet88 con market.

bet88 con Vietnam FX Awards is an annual event organized by bet88 con London Stock Exchange Group (LSEG) to recognize credit institutions and foreign bank branches with outstanding performance in Vietnam’s foreign exchange market. Winners are selected based on quantitative analysis of real transaction data through bet88 con LSEG FX Matching platform - an anonymous, interbank FX trading system overseen by bet88 con State Bank of Vietnam. bet88 con platform collects automated matching data from nearly 40 participating domestic and international banks active in Vietnam.

bet88 con LSEG Vietnam FX Awards are regarded as one of bet88 con most prestigious honors in bet88 con FX trading field across bet88 con Asia-Pacific region. Evaluation criteria include both transaction volume and bet88 con extent to which institutions contribute to price discovery on electronic FX trading instruments. In Vietnam, FX Matching is also bet88 con leading anonymous FX trading service, offering real-time execution across more than 60 currency pairs and serving as a key source of liquidity in bet88 con regional market.

A representative of PVcomBank shared that bet88 con Vietnamese FX market has undergone significant development in recent times, and receiving bet88 con LSEG award affirms PVcomBank’s strong efforts in establishing itself as a market maker. bet88 con bank is also committed to advancing digital transformation to deliver optimized services and ensure liquidity for clients.

To improve customer experience in international financial transactions, PVcomBank has successfully integrated bet88 con SWIFT Global Payments Innovation (SWIFT GPI) solution. This connects bet88 con bank to over 450 member institutions in more than 200 countries, forming a diverse global financial network. As a result, PVcomBank has enhanced its capacity to process cross-border transactions more efficiently and improve international payment services. Key features include end-to-end transaction tracking, real-time status updates, greater transparency on processing times and fees, reduced handling of payment inquiries…

Looking forward, PVcomBank plans to continue diversifying its FX activities, expanding market share, and increasing trading volume to boost revenue and profitability. These efforts are aimed at supporting bet88 con long-term development of Vietnam’s financial market.