Establishment History:
- Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank), formerly known as Vietnam Bank for Industry and Trade, was established under the name Vietnam Specialized Bank for Industry and Trade under Decree No. 53/ND-HDBT dated March 26, 1988 of the Council of Ministers on the organization of the SBV's apparatus and was officially renamed "Vietnam Bank for Industry and Trade" according to Decision No. 402/CT of the Chairman of the Council of Ministers dated November 14, 1990.
- On March 27, 1993, the Governor of the State Bank signed Decision No. 67/QD-NH5 on the establishment of Incombank under the State Bank of Vietnam. On September 21, 1996, authorized by the Prime Minister, the Governor of the State Bank signed Decision No. 285/QD-NH5 on the re-establishment of Vietcombank according to the State Corporation model specified in Decision No. 90/QD-TTg dated March 7, 1994 of the Prime Minister.
- On September 23, 2008, Prime Minister Nguyen Tan Dung signed Decision 1354/QD-TTg approving the equitization plan of Vietnam Bank for Industry and Trade. On November 2, 2008, the State Bank signed Decision No. 2604/QD-NHNN on announcing the enterprise value of Vietnam Bank for Industry and Trade.
- On December 25, 2008, the Industrial and Commercial Bank successfully organized a public share auction and converted into a joint stock enterprise. On July 3, 2009, the State Bank signed Decision No. 14/GP-NHNN to establish and operate Vietnam Joint Stock Commercial Bank for Industry and Trade.
- Vietnam Joint Stock Commercial Bank for Industry and Trade officially operates under the first business registration certificate No. 0103038874 issued by the Hanoi Department of Planning and Investment on July 3, 2009
- Currently VietinBank is operating under business registration certificate No.: 0100111948 issued by Hanoi Department of Planning and Investment, changed for the 10th time on April 29, 2014
- To date, the Bank has 01 Head Office, 01 Trade Finance Center in Hanoi, 151 branches (including 2 branches abroad), 03 public service units, 03 representative offices (including 01 representative office abroad), nearly 1,000 transaction offices and savings funds in all provinces and cities across the country; 07 subsidiaries; 01 subsidiary bank and 02 affiliated companies
Business Sectors:
- Providing wholesale and retail banking services domestically and internationally
- Loans and investments, trade finance, guarantees and re-guarantees
- Foreign exchange trading, deposits, payments, money transfers, issuance and payment of domestic and international credit cards, traveler's checks
- Trading in securities, insurance and financial leasing
- Other financial and banking services
Business location:
- Vietnam Joint Stock Commercial Bank for Industry and Trade is headquartered at 108 Tran Hung Dao, Hoan Kiem District, Hanoi; 01 Transaction Office in Hanoi City; 03 career unit; 02 representative offices in Ho Chi Minh City and Da Nang City; 01 representative office in Myanmar; 149 level 1 branches in 63 provinces and centrally-run cities nationwide and 02 branches abroad (02 branches branch in Germany); 07 subsidiaries; 01 subsidiary bank and 02 affiliated companies. In addition, VietinBank also has relationships with over 1,000 correspondent banks in more than 90 countries and territories worldwide.
Market share of business:
As of September 30, 2015, VietinBank's market share is as follows:
- Loan: 12.6%
- Capital raising: 9.7%
- Money transfer: 15%
- International payments: 12.9%
- Card payment service: 21%
- Life and non-life insurance operations
- Investment and financial consulting
- Financial leasing
- Broking, self-trading, underwriting, issuing, portfolio management, consulting, securities management
- Receive, manage and exploit foreclosed assets through Debt Management and Asset Exploitation Company
- T according to Grade A brand. This is the third time VietinBank has been selected and entered the list of 500 strong brand financial institutions - an award for the most valuable banking brands in the world (Ranked 437, 328 and 434 for 2014, 2013 and 2012 respectively)
- VietinBank is on the list of 2000 largest enterprises in the world ranked by Forbes Magazine for the third time in a row.
- VietinBank is Best financial service provider in Vietnam
- According to Vietnam Report and Vietnamnet E-Newspaper: VietinBank has been ranked 20th in the Top 500 large corporations in Vietnam Male(VNR500).
- VietinBank has been in the list of 10 largest corporate income tax paying enterprises in Vietnam for 5 consecutive years
- VietinBank is a Strong Vietnamese Brand
- VietinBank was awarded the title of Hero of Labor and the First Class Independence Medal on the 25th anniversary of its founding.
- As a key and leading bank of the Vietnamese banking system, VietinBank always leads in scale, quality, business efficiency as well as actively participates in the process of restructuring the banking system according to the policies of the Government and SBV.
- VietinBank has created a large market, a wide network of traditional customers from all economic sectors and sectors throughout the country, and actively and effectively implemented the direction, policy orientation and solutions of the State Bank of Vietnam in proactively reducing costs. to reduce lending interest rates, proactively offer preferential credit programs/packages, reduce lending interest rates to support businesses in recovering and developing their business, in accordance with the Government's orientation.
- VietinBank has been on track with its goal of becoming the No. 1 bank in the Vietnamese banking system, providing modern, convenient, international-standard banking and financial products and services, helping VietinBank develop sustainably, ensuring maximum benefits. of shareholders, increasingly increasing VietinBank's prestige, position, and operational efficiency in domestic and international markets.
With development development of the economy, Vietnam's financial market is on a vibrant development path, VietinBank's development strategy is built based on research, analysis, and assessment of market potential and the Bank's competitiveness. VietinBank's strategy is to become a modern, versatile, and prestigious bank in Southeast Asia.
To achieve the goal As proposed, VietinBank has continued to consolidate and enhance the Bank's operational capacity through improving financial capacity, technology and risk management, constantly changing management thinking towards applying advanced and modern standards in the world in banking operations. Focus on promoting advantages, overcoming shortcomings/limitations, making the most of opportunities in the market to successfully complete business goals, creating a premise for implementing the Bank's business strategy, building VietinBank into a strong and highly competitive banking and financial group according to the motto: “ Safe, effective and sustainable”.
Address: No. 108 Tran Hung Dao, Hoan Kiem District, Hanoi
Phone: (84-24) 3942 1030 Fax: (84-24) 3942 1032
Disclosure Officer:
Email: [email protected]
Website: http://www.vietinbank.vn