Joint Stock Commercial Bank for Foreign Trade of Việt Nam (Vietcombank) has been awarded the 2024 Straight Through Processing (STP) Award by Standard Chartered Bank (SCB) of the US, recognising its outstanding performance in international payment processing. The honour marks a notable highlight in Vietcombank’s year-end activities in 2025 and further reinforces its leading position in international payments.

The award presentation ceremony was held at Vietcombank’s headquarters on December 9, 2025, with senior representatives from both institutions in attendance. Receiving the award as the year draws to a close further enhances the bank’s international credibility and competitiveness, while also marking a significant milestone in the 39-year partnership between Vietcombank and Standard Chartered Bank.

Vũ Quang Đông, Deputy Director in charge of the Capital and Markets Division of Vietcombank (centre), receives the award from Subramanian Shivaraman, Executive Director and Head of Transaction Banking and Financial Institutions (TBFI) for Southeast Asia and South Asia at Standard Chartered Bank

The prestigious award represents special recognition of Vietcombank’s exceptional efficiency in processing international payment messages. Specifically, the bank achieved an impressive STP rate of over 95 per cent, significantly higher than the global average of 89–90 per cent.

A high STP rate is critical, as it allows transactions to be processed fully automatically with minimal manual intervention, ensuring maximum speed, accuracy and security. This achievement not only strengthens Vietcombank’s position among the region’s most efficient banks in international transactions but also delivers a seamless and near-instant experience for corporate clients and global financial institutions.

Maintaining a near-perfect STP rate over many consecutive years reflects Vietcombank’s sustained and strategic investment in technology, data quality and operational process optimisation. These factors play a vital role in enabling the bank to remain seamlessly connected to global payment systems.

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