Vietnam Joint Stock  Commercial Bank for Industry and Trade (VietinBank)

• VietinBank was established in 1988 after being separated from State Bank of Vietnam.

• Being one of the four largest State-owned commercial banks of Vietnam, VietinBank’s total assets account for over 20 percent of the market share of the whole Vietnamese banking system. VietinBank’s capital resources keep on increasing over the years and have been substantially rising since 1996 with the annual average growth of 20 percent, especially up 35 percent a year against that of last year.

• VietinBank has developed an operations network comprising of 01 Head Office; 03 Transaction Centers; 03 Subsidiaries, 03 administrative units, 02 Representative offices, 138 branches, 188 transaction offices, 258 points of sales and 191 savings offices, 742 Automatic Telling Machines (ATMs), throughout 56 provinces and cities, centered more in big cities such as Hanoi (12 branches and 02 transaction centers), Ho Chi Minh City (17 branches and 01 Transaction center), industrial zones, trading and economic parks, densely-populated areas. Vietinbank’s traditional services as well as other modern and valued added services have reached nation-wide users. This has enabled Vietinbank to diversify its products suitable to each segment of customers.

• Being diversified with 03 independent accounting subsidiaries: VietinBank Leasing Company, VietinBank Securities Company, Ltd., VietinBank Asset Management Company and 02 non-profit making units: VietinBank Information Technology Center and VietinBank Training Center.

• Being the founder of the following Financial Credit Institutions:

- Saigon Bank for Commerce and Industry

- Indovina Bank (the first joint-venture bank in Vietnam)

- Vietnam International Leasing Company – VILC (the first financial leasing company in Vietnam)

- Vietinbank Insurance Company Ltd. 

• Being the official member of :

- Vietnam’s Banker Association

- Asian Banker’s Association

- Society for Worldwide Interbank Financial Telecommunications (SWIFT)

- Visa International Services Association

• Has signed 8 framework-credit Agreements with foreign countries, including: Belgium, Germany, South Korea, Switzerland and established correspondent relationship with 600 large banks of 50 countries and territories all over the world.

• Being the first bank in Vietnam to apply modern technology and e-commerce in its banking operations.