The Bank for Investment and Development of Vietnam (BIDV) is the first bank in the country to successfully apply the Reuters Electronic Trading-Automated Dealing (RET-AD) of Thomson Reuters, the bank announced on Jan. 7.
BIDV Deputy General Director Hoang Huy Ha said that the application of RET-AD system will help the bank meet customers’ increasing demand for foreign exchange transactions.
The system will also help BIDV minimise mistakes during trading and shorten the time for a foreign exchange transaction and control risks, thus offering it more chances to provide better care for its customers and develop new services.
According to Thomson Reuters Southeast Asian regional Director Alfred Lee, BIDV is one of the fastest RET-AD developers in Asia .
The RET-AD system of Thomson Reuters has been applied by 120 banks and financial institutions in 48 countries worldwide, including UBS, HSBC, ANZ, Standard Chartered and May Bank./.
BIDV Deputy General Director Hoang Huy Ha said that the application of RET-AD system will help the bank meet customers’ increasing demand for foreign exchange transactions.
The system will also help BIDV minimise mistakes during trading and shorten the time for a foreign exchange transaction and control risks, thus offering it more chances to provide better care for its customers and develop new services.
According to Thomson Reuters Southeast Asian regional Director Alfred Lee, BIDV is one of the fastest RET-AD developers in Asia .
The RET-AD system of Thomson Reuters has been applied by 120 banks and financial institutions in 48 countries worldwide, including UBS, HSBC, ANZ, Standard Chartered and May Bank./.
