Do Ngoc Quyn holds Asia Risk award for BIDV (Source: VNA)
Vietnam’s financial market holds promising potential and the basic foundations to develop derivative products, financial experts told a seminar held by the Hong Kong-based Asia Risk magazine in Singapore on September 9.

From their perspective, Vietnam’s economy is growing extensively with greater exposure to the world market, laying the groundwork for a derivative financial market.

Derivative products are tools to help managers and market players flexibly and actively manage risks as well as outline risk mitigation scenarios in the face of regional and global market developments, said Director of the Bank for Investment and Development of Vietnam (BIDV)’s Treasury and Currency Trading Department Do Ngoc Quynh.

Head of Treasury Research & Strategy in Singapore’s OSBC bank Selena Ling said uncertain volatilities will continue influencing the world financial landscape due to China’s economic slowdown, falling commodity prices and tighter financial conditions.

Experts introduced the latest risk management approaches, including software, legal frameworks, infrastructure and transaction process to improve the Asian financial market.

On the occasion, the BIDV was honoured with the annual House of the Year award by the magazine.-VNA