The Bank for Foreign Trade of Vietnam (Vietcombank) has been awarded the title of 2009 Best Vietnamese Bank for Trade Finance by the Trade Finance Magazine, reported the bank on July 15.

This is the second consecutive year the bank has received the award.

As one of the largest and the most prestigious banks in Vietnam , Vietcombank has for nearly half a century maintained its position as a leading provider of traditional financial and international trade services.

The bank now occupies a large market share, holding 10 percent of loans, 12 percent of deposits, 23 percent of international payments and 55 percent of card payments.

In the first six months of this year, the bank’s pre-tax profits are estimated to have reached 2.45 trillion VND, the largest amongst joint stock banks.

Last year, Vietcombank was selected as the best Vietnamese domestic bank, best foreign exchange service provider and best trade payments service provider by the AsiaMoney and the Trade Finance magazines./.