The Asian Banker, the leading financial magazine in Asia, has been providing rigorous and transparent evaluations and rankings of the region’s banking sector since its establishment in 1996. The magazine’s awards are highly regarded, and recently, they named BIDV Private Banking as Vietnam’s Best Private Banking Service for 2024. This is the second consecutive year that a domestic bank has received this prestigious award.
The Asian Banker’s “Best Private Bank in Vietnam” award is based on a comprehensive assessment, including strategy, total assets under management, operational efficiency, client base growth, technology platform, and business management. BIDV impressed the judges with their remarkable growth in the private client base and their ability to offer the best private banking services in Vietnam. With 67 years of history and a global strategic partner ecosystem, BIDV Private Banking is committed to providing the best solutions for its clients.
Setting New Standards for Private Banking in Vietnam
In November 2023, BIDV and the Edmond de Rothschild Group formalized their strategic collaboration to launch private banking services. This partnership marks a significant step as it brings together Vietnam’s oldest and largest financial institution by total assets and a world-leading investment firm with a long history in Europe and a multinational presence in banking and wealth management. Edmond de Rothschild will support BIDV in elevating its private banking services to international standards.
BIDV is dedicated to establishing and expanding its network of Premium Banking Centers (PBCs) across the country. These centers offer a luxurious and exclusive environment dedicated solely to serving the ultra-wealthy. Beyond banking transactions and advice, the centers facilitate networking and connection-building among like-minded individuals through exclusive events and unique experiences.
A key aspect of BIDV’s private banking model that The Asian Banker commends is its focus on human capital. Each private banking client is assigned a private banker, a certified expert in international private banking standards trained at renowned global academies like WMI Singapore. Clients receive comprehensive asset management solutions across various fields, including financial/investment advice, estate and succession planning, education, residency, tax, and real estate, along with specialized support in Vietnam and internationally.
BIDV Private Banking Clients at the Premium Banking Center
Additionally, BIDVM places a strong emphasis on developing tailored products for the ultra-wealthy, helping them preserve and grow their wealth, and fostering long-term, multi-generational relationships. BIDV also offers unlimited privileges and benefits in various fields, including healthcare, lounges, resorts, golf, cuisine, and spa experiences.
Elevate by DC – A Tailored Product for the Ultra-Wealthy
BIDV’s relentless efforts to establish international-standard private banking services have resulted in a solid position, with an 83% growth in client base and a 23% increase in total assets under management in 2023.
