Get the latest crypto news, updates, and reports by subscribing to our free newsletter.
Giấy phép số 4978/GP-TTĐT do Sở Thông tin và Truyền thông Hà Nội cấp ngày 14 tháng 10 năm 2019 / Giấy phép SĐ, BS GP ICP số 2107/GP-TTĐT do Sở TTTT Hà Nội cấp ngày 13/7/2022.
© 2026 Index.vn
On March 13, 2026, Bank for Investment and Development of Vietnam (BIDV) officially completed the deployment and put into operation an electronic transaction communication system with securities companies through the switching system of the Vietnam Securities Depository Center (VSDC). The bank said the milestone makes it the first and only domestic custodian bank to complete the connection, supporting the smooth operation and overall success of the switching system across the market.
BIDV’s deployment is designed to automate the exchange of operations between the custodian bank and securities companies. The new VSDC solution is intended to enhance processing speed, accuracy, and transparency in balance confirmations, as well as improve customer notification of transaction results.
The system replaces manual exchanges with a closed electronic process, which BIDV said helps reduce operational risk and optimize processing efficiency for both the custodian bank and securities firms.
BIDV currently provides services to about 90% of asset management companies and more than 55% of investment funds in the market. Assets under custody (AUC) are estimated at over VND 868,000 billion.
During the initial deployment phase with several major securities companies, BIDV reported that its system recorded more than 3,000 electronic communications successfully processed, indicating stable operation and growing market demand for connectivity.
BIDV said the outcome was achieved through close cooperation among BIDV, regulators, and securities companies, covering business analysis, solution design, and deployment. The bank added that the implementation complied with technical standards and aligned with the market’s overall development direction.
BIDV stated that the deployment also supports FTSE’s March 2026 market upgrade review, citing improvements in automation and operational efficiency across the custody and securities communication process.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…