On 23/9/2008, the Prime Minister signed the Decision No. 1354/QĐ-TTg to approve the Equitization Plan for Vietnam Bank for Industry and Trade. According to this Plan, the amount of state-owned capital as at 31/12/2007 (figures according to accounting book audited in 2007) of Vietnam Bank for Trade and Industry is 10.646.529 million dongs. Charter capital of Vietnam Bank for Trade and Industry is 13.400.000.000.000 (thirteen thousand and four hundred billion vietnam dongs).

Vietnam Bank for Trade and Industry (Vietinbank) is equitizing in the way that the current state-owned capital will be kept unchanged, and issues shares to attract more funds on the principle that the State will keep the governing shares, not lower than 51% of charter capital. Corporation for State capital trading and investment is the unit managing State capital share at Vietinbank. The total of initial public offering share is 20% of Charter capital, in which public auction shares, shares selling for domestic strategic investor, preferential share selling for bank staff and Trade Union are 10% of Charter capital, initial public offering share selling for overseas strategic investor is 10% of Charter capital.

Vietinbank will select not more than two overseas strategic investors with the share ratio sold during the periods not more than 20% of Charter capital. Selling share to domestic strategic investors is complied with Decree No 109/2007/NĐ-CP on transforming 100% State-owned enterprise into Joint stock company.

About the using of surplus capital after selling shares, Vietnam Bank for Trade and Industry will submit to Prime Minister to decide on the plan to use the surplus after the equitization process finishes.

The Board of Management of Vietnam Bank for Trade and Industry have been building and developing Joint stock commercial Vietnambank for Trade and Industry into Vietinbank Financial Group in accordance with international practice and particular conditions of Vietnam.