Establishment History:
- On October 30, 1962, the Bank for Foreign Trade was established under Decision No. 115/CP issued by the Government Council on the basis of separation from the Foreign Exchange Management Department under the Central Bank (now the State Bank).
- On April 1, 1963, officially opened the operation of NHNT as an exclusive foreign bank.
- On November 14, 1990, NHNT officially transformed from a specialized bank, exclusive in foreign economic activities to a multi-functional State-owned commercial bank according to Decision No. 403-CT dated November 14, 1990 of the Chairman of the Council of Ministers.
- On September 21, 1996, the Governor of the State Bank issued Decision No. 286/QD-NH5 on the re-establishment of NHNT on the basis of Decision No. 68/QD-NH5 dated March 27, 1993 of the Governor of the State Bank. Accordingly, NHNT is allowed to operate according to the model of Corporations 90 and 91 specified in Decision No. 90/QD-TTg dated March 7, 1994 of the Prime Minister with the international transaction name: Bank for Foreign Trade of Viet Nam, abbreviated name is Vietcombank.
- By the end of 2006, NHNT had developed strongly following the multi-function banking model with 58 Branches, 1 Transaction Office, 87 Transaction Offices and 4 affiliated subsidiaries nationwide; 2 Representative offices and 1 subsidiary abroad, with a staff of nearly 6,500 people. In addition, NHNT also participates in capital contribution and joint ventures with domestic and foreign units in many different business fields such as insurance business, real estate, investment funds...
- According to License No. 138/GP-NHNN issued by the Governor of the State Bank on May 23, Vietnam Bank for Foreign Trade (VietcomBank) officially switched to operating according to the mechanism and model of a joint stock commercial bank. with charter capital of 12,100,860,260,000 VND.
- On December 31, 2008, the Ho Chi Minh City Stock Exchange announced the receipt of the initial listing registration application of Joint Stock Commercial Bank for Foreign Trade of Vietnam with the number of registered shares to list 112,285,426 shares accounting for
Business Sectors:
Raising capital:
- Receive deposits;
- Issuing valuable papers;
- Borrowing capital from other credit institutions and foreign credit institutions;
- Short-term loan from the State Bank of Vietnam in the form of refinancing.
Credit activity:
- Loan;
- Discounting commercial papers and other valuable papers;
- Guarantee;
- Grant credit in other forms according to regulations of the State Bank of Vietnam.
Payment and treasury services:
- Open a deposit account at the State Bank of Vietnam, at other credit institutions;
- Open accounts for domestic and foreign customers;
- Providing payment facilities;
- Perform domestic and international payment services;
- Perform collection and payment services;
- Perform other payment services prescribed by the State Bank of Vietnam;
- Perform cash collection and distribution services for customers;
- Organize the internal payment system and participate in the domestic interbank payment system. Participation in international payment systems must be authorized by the State Bank of Vietnam.
Other activities:
- Contribute capital and buy shares of businesses and other credit institutions according to the provisions of law;
- Participate in the currency market organized by the State Bank of Vietnam;
- Directly conduct business or establish an affiliated company with legal status, independently accounting with own capital to trade foreign exchange and gold on the domestic and international markets according to the provisions of law;
- Entrust, accept entrustment, and act as an agent in fields related to commercial banking activities, including the management of assets and investment capital of organizations and individuals under contracts;
- Providing insurance services in accordance with the law;
- Providing financial, monetary, and investment consulting services in accordance with the operational functions of a commercial bank; Providing services of preserving precious objects, valuable papers, renting safes, pawnshops and other services according to the provisions of law...
Business location
By the end of 2015, besides the headquarters, Vietcombank currently has 96 branches with 368 transaction offices operating in 50/63 provinces and cities nationwide. Distribution network: North Central 8.3%, Northeast 7.3%, Red River Delta 10.4%, Hanoi area 15.6%, Mekong Delta 14.6%, Southeast 11.5%, Ho Chi Minh 17.7%, South Central 10.4%, Central Highlands 4.2%. Vietcombank also has 1,856 agent banks in 176 countries and territories worldwide.
01
Address: 15th Floor - Vietcombank Tower, 198 Tran Quang Khai, Hoan Kiem District, Hanoi
Phone: +84-(04) 3934 3137 - Fax: +84-(04) 3824 1395
Disclosure Officer:
Email: [email protected]
Website: http://www.vietcombank.com.vn