BIDV extends duration on onshore IRS trades

Vietnam bank's 10-year interest rate swap contributes to Asia award

Vo Dieu Thuy
Vo Dieu Thuy, BIDV

The Vietnamese derivatives market is still at a nascent stage in comparison to its Asian peers. Since the launch of an onshore derivatives market in 2006, Bank for Investment and Development of Vietnam (BIDV) has helped to bring more than 20 derivative products to market, including interest rate swaps, cross-currency swaps (CCS), structured deposits, commodity futures, commodity swaps and over-the-counter commodity derivatives.

BIDV's customer base for derivatives comprises small to medium-sized