“LPBank Tops the 2023 Market Maker Awards”

The Vietnam Banks Association (VBA) recently held its 5th Congress for the 2024 – 2027 term in Hanoi on June 25, 2024. The event witnessed the participation of hundreds of domestic and foreign financial institutions, including banks, securities companies, insurance companies, and investment funds, along with representatives from the Ministry of Finance, the State Bank of Vietnam, the State Securities Commission, the State Treasury, the Vietnam Stock Exchange, and the Vietnam Securities Depository.

These prestigious awards acknowledge the contributions of FX Swap Market Makers to the Vietnamese foreign exchange market. The Market Maker Agreement for FX Swap Transactions supports Vietnam’s financial market in determining accurate market transaction prices and establishing the Standard Interest Rate Curve. Implementing the Market Maker Agreement for FX Swap Transactions is a necessary step for pricing interest rate derivative products such as IRS and CCS, thereby diversifying and enhancing the market for trading interest rate derivative products.

For the third consecutive year, LPBank has been honored with the VBA’s FX Swap Market Maker Award (from 2021 to 2023), continuously affirming its reputation and position in the foreign exchange and financial markets in Vietnam. Moving forward, LPBank will continue to build on its strong network and financial capabilities, offering a diverse range of banking products and services while consistently improving service quality. This aligns with their mission: “Integrating and promoting local economic development, contributing to the prosperity of the community by providing comprehensive, professional, and efficient financial services.”