PVcomBank honored at LSEG Vietnam FX Awards 2025, affirming its capabilities in the foreign exchange market.
Vietnam Public Commercial Joint Stock Bank (PVcomBank) has been named “Best Newcomer” at the LSEG Vietnam FX Awards 2025, marking a key milestone in the bank’s efforts to enhance its role as a market maker in Vietnam’s foreign exchange landscape.
Despite global market volatility in 2024, PVcomBank demonstrated robust performance, reinforcing its influence in the FX sector. The recognition by the London Stock Exchange Group (LSEG) underscores the bank’s emergence as a dynamic new participant in the Vietnamese interbank currency market.
The Vietnam FX Awards, organised annually by LSEG, honour banks and foreign financial institutions for outstanding performance in Vietnam’s FX market. Award recipients are selected based on transaction data from the LSEG FX Matching platform, an anonymous interbank trading system operated under the oversight of the State Bank of Vietnam. The platform currently includes participation from nearly 40 domestic and international banks operating in the country.
The awards are regarded as one of the most prestigious recognitions in foreign exchange trading across the Asia-Pacific region. Evaluation metrics include transaction volume and the degree of contribution to price discovery via electronic trading instruments. In Vietnam, the FX Matching platform serves as the country’s leading anonymous FX execution service, enabling real-time trading across more than 60 currency pairs.
A representative from PVcomBank said the award affirms the bank’s commitment to solidifying its position in the evolving Vietnamese FX market. The bank also plans to leverage digital transformation to enhance service quality and ensure liquidity for its clients.
In a move to strengthen cross-border transaction capabilities, PVcomBank has implemented the SWIFT Global Payments Innovation (SWIFT GPI) solution. This integration connects the bank with over 450 institutions in more than 200 countries, allowing for improved efficiency in international payments. Customers now benefit from features such as end-to-end transaction tracking, real-time status updates, and increased transparency in processing times and fees.
Looking ahead, PVcomBank aims to expand its FX market share, diversify its trading portfolio, and increase transaction volumes as part of its broader strategy to support the long-term development of Vietnam’s financial sector.