HO CHI MINH CITY, VIETNAM - Media OutReach - 26 November 2020 - For its almost 100 per cent success rate in straight-through processing, the Ho Chi Minh City DevelopmentJoint Stock Commercial Bank (HDBank, HOSE: HDB) has received the MT202 and MT103 STP awards for international payment services fromJ.P. Morgan Chase Bank.

This is the third year in a row HDBank haswon the MT202 award, and the second year the Bank has received the MT 103 award.

Both are given by J.P Morgan Chase Bank,the US's largest lender in terms of assets and the world's largest US dollarclearing agent.

HDBank's STP rates exceed the benchmarksset by global credit institutions.

According to JP MorganChase and other large institutions and agents providing clearing services in thegreenback and euro, the STP rate for international electronic payment iscurrently 89-90 per cent on average.

With an exceptional STPrate of 99.94 per cent for MT202 and 99.68 per cent for MT103, HDBank was oneof the few Vietnamese banks to win the top prize.

This underlines theprestige and quality of HDBank's international payment services with its moderntechnology platform and employees' professional competence in meeting thefinancial transaction needs of customers around the world.

According to JP MorganChase, HDBank is its leading banking partner in Việt Nam in terms of both sizeand quality of international payment services.

HDBank's business performance through the JP Morgan Chasesystem has continued to thrive even amid the challenges faced by the global andVietnamese economies due to the impacts of Covid-19.

With its relationshipswith more than 400 agents who are banking institutions and strategic co-operationwith many leading Vietnamese and international partners, HDBank has extensiveinternational payment operations and the Bank's international payment servicesquality is recognised also by other leading lenders.

HDBank is also apioneer in bringing effective added value to customers around the globe throughinvesting in and using modern technologies in the bank's services and products,especially international payment services, digitising processes, meetingmanagement requirements according to international standards, and constantlyimproving operational efficiency with a commitment to bringing the maximumbenefits to customers.

HDBank became the firstlender in Việt Nam to join the TradeAssets Trade Finance E-marketplace toconnect with and process trade finance transactions on the blockchainapplication platform, and Contour, an open trade finance network.

HDBankalso deploys the global payment query service via Swift GPI and is a pioneer in providing international money transferquery services via Swift GPI in various currencies like USD,GBP, EUR, CHF, AUD, CAD, JPY, THB, NZD, HKD, and SGD.

Atthe same time the Bank has successfully put into operation the Treasury - FISFront Arena system to seamlessly meet the requirements involved in handlingbusiness transactions and managing currency trading risks.

In addition to retaining the leading positionin digitisation in the banking sector, HDBank remains on a high growth path inthe third quarter of the year.

Moody's credit rating agency has maintained acredit rating of B1 for HDBank.

About HDBank

Ho Chi MinhCity Development JSC Bank (HDBank, HOSE: HDB) was established in 1990, makingit among the first commercial banks in Vietnam.

After 30 yearsof operations, HDBank is now one of the leading banks inVietnam. It has strong finances and moderntechnology, and provides a wide range of financialservices to individuals, corporates and investors.