VietinBank Thành phố

The historic itinerary of Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) has entered the 30th year. In such a long-term journey, VietinBank has always affirmed its leading role and pioneering responsibility in Vietnam's Banking Industry. . Breakthrough expectation is grounded when VietinBank is converging enough strength, willingness, stability and confidence to successfully integrate.nVietnam Joint Stock Commercial Bank for Industry and Trade (formerly Vietnam Industrial and Commercial Bank) was formed under Decree No. 53/1988 / ND-HDBT, dated March 26, 1988 on the basis of personnel and functions and duties of The Department of Industrial Credit and the Department of Commercial Credit of the State Bank of Vietnam (SBV) and the Industrial and Commercial Credit Departments of the State Bank branches in provinces, cities and towns. Vietnam Industrial and Commercial Bank officially entered operation on July 8, 1988. Since then, this day has become the traditional day of Vietnam Joint Stock Commercial Bank for Industry and Trade along with a short but very familiar brand name in both domestic and international markets, VietinBank!nnOver 30 years of construction and development, VietinBank has proved the rightness and timeliness of the Party and the State when transforming the bank model (NH) from one level to two-tier NH model and forming a bank network. Large trade (commercial banks) under the management and supervision of the State Bank of Vietnam. Thanks to that, the banking system has performed its great task to effectively support the development and growth of the economy, to improve and improve the living standards of the people.nnWith the equity from the early days of establishment, only VND 22 billion, VietinBank has now reached more than VND 63,000 billion of equity (more than 2,800 times), of which charter capital is VND 37,234 billion. Besides, VietinBank's total assets also increased from VND 718 billion (1988) to nearly VND 1,100 billion (2017), with an increase of more than 1,500 times. Those are amazing and proud numbers! Initially, the whole VietinBank system only had 11,380 officers and employees with a network of Head Office in Hanoi (less than 100 people), 32 branches (branches) and 42 branches of level II (in addition to 23 transaction offices (PGD) and 502 savings funds). Up to now, the whole system has nearly 23,000 officers and employees working at the Head Office, 2 Representative Offices, 9 non-business units, 155 CN and nearly 1,000 PGD. VietinBank's network is not only domestic but also VietinBank has established a 100% owned bank in Lao People's Democratic Republic, placed 2 branches in the Federal Republic of Germany and established a Representative Office in the Federal Republic Myanmar. VietinBank currently has correspondent relationships with more than 1,000 banks in over 90 countries around the world. In addition, VietinBank also contributed capital to IndovinaBank Joint Venture (the joint venture bank operates most effectively in Vietnam) and has a number of affiliated companies.nnWith the form of a joint stock commercial bank, VietinBank has built a cooperative relationship with two strategic shareholders, The Bank of Tokyo Mitsubishi-UFJ, Ltd. (BTMU) of Japan and International Finance Organization (IFC). Thanks to the financial participation and experience of management of these two strategic shareholders, VietinBank's domestic and prestigious operations in the international arena have been markedly improved.nnSo far, VietinBank brand has been affirmed and acknowledged: 6 consecutive years in the Top 2000 of the world's largest enterprises by Forbes ranking; Brand Finance value brand valuation reached 252 million USD with Brand Strength A +; Top of Vietnam Strong Brand 2017; Top 10 of the 500 most profitable businesses in 2017; rated by S&P with the national credit rating. With outstanding achievements, VietinBank is honored to be awarded the title of Labor Hero and First-class Independence Medal by the Party and the State.

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