Introduction

ietnam Joint Stock Commercial Bank for Industry and Trade provides various commercial banking products and services to individuals and corporate customers in Vietnam and internationally. The company offers savings accounts and current accounts. It also provides consumption, car, mortgage, and business loans, as well as loans to study in abroad; advances for the sale of securities, bank guarantees, and discount valuable papers; overseas remittance services; spot and forward exchange, and foreign currency options trading services; domestic and overseas wire transfer services; and Internet and SMS banking, and ATM services. In addition, the company offers capital market, money markets, bonds, equity investments, correspondent banking, asset management, non-life insurance, fund management, money transfer intermediary, and settlement services, as well as discounting of commercial papers, bonds, and other valuable papers; and manufactures and trades in gold and gemstones. As of December 31, 2015, it offered its products and services through 1 head office, 1 trade finance center, 3 administrative units, 2 local representative offices, 1 overseas representative office in Myanmar, and 151 branches, including 2 overseas branches. The company was formerly known as Vietnam Bank for Industry and Trade and changed its name to Vietnam Joint Stock Commercial Bank for Industry and Trade in July 2009. Vietnam Joint Stock Commercial Bank for Industry and Trade was founded in 1988 and is headquartered in Hanoi, Vietnam.

Business sector

Raising Capital
  • Receiving non-term deposits and term deposits in VND and foreign currencies of economic organizations and residents.
  • Receiving savings with various and attractive types: non-term savings and term savings in VND and foreign currency,
  • Issuing bills, bonds…
Lending, investment
  • Offering short-term lending service in VND and foreign currency,
  • Offering medium-term and long-term lending in VND and foreign currency,
  • Offering export and import financing service; discount the export document,
  • Being Co-sponsors and lenders of capital for large projects, long-time return
  • Loan funding, mandated by the program: Taiwan (SMEDF); Vietnam Germany (DEG, KFW) and the framework credit agreement
  • Overdraft, consumer lending
  • Contributing to joint ventures, associated with credit institutions and financial institutions in domestic and international
  • Investing in capital markets, domestic and international currency market.
Guarantee
  • Guarantee, re-guarantee (domestic and international): guarantee for bids; guarantee for contracts; payment guarantee.
  • Payment and commercial sponsor
  • Issuing, pay L/C letter; inform, confirm, liquidate export L/C letter
  • Collection (export and import); D/P(Document against Payment) and D/A (Document against Acceptance);
  • Transferring money domestic and international
  • Fast Money delivery Western Union
  • Paying the order to pay, the order to collect, check.
  • Paying salaries for staff by account and ATM
  • Paying overseas national currency exchange
  • Budget
  • Exchanging foreign currency (Spot, Forward, Swap…)
  • Exchanging all types of valuable documentary (government bonds, treasury notes, commercial paper…)
Cards and electronic bank
  • Issue and pay domestic credit cards, international credit cards (VISA, MASTER CARD…)
  • Provide ATM service, Cash Card service
  • Internet Banking, Phone Banking, SMS Banking
Others Activities
  • Discovering insurance segments: life insurance and non-life insurance
  • Consulting investment and finance
  • Financial Leasing
  • Being intermediary, private owned business, overwriting, investment portfolio management, consultancy,  securities depository

History

Date of incorporation 26/03/1998
Certificate of registration number 0100111948
Date of issue 08/01/2024
Capital 53,699,917,480,000
Tax Code 0100111948
Sectors & Industries Banks > Banks

  • Vietnam Joint Stock Commercial Bank was previously known as Industrial and Commercial Bank of Vietnam (Incombank), which was established on Mar 26, 1998 after being separated from State Bank of Vietnam.
  • From Apr 15, 2008, the “Vietin” trademark was applied instead of the previous trademark “Incombank”
  • On Jul 08, 2009 , Industrial and Commercial Bank of Vietnam was renamed to Vietnam Joint Stock Commercial Bank.
  • On Jul 16, 2009, Vietin bank was listed on Ho Chi Minh Stock Exchange.
  • In 2011, its charter capital was adjusted to VND 16.858.101.340.000 via issuing shares for IFC.
  • By Dec 31, 201, its charter capital was VND 20.229.721.610.000.
  • In Apr 2012, its charter capital was adjusted to VND 26.217.545.370.000.
  • On May 14, 2016, its charter capital was adjusted to VND 32.661.443.480.000.
  • On Sept 06, 2016, its charter capital was adjusted to VND 37.234.045.560.000.

Listing information

Date of listing 08/01/2024
Stock exchange HOSTC
Par Value 10,000
Initial Listing Price 40,100
Listing Volume 53,699,991,748
Total Listing Value 536,999,917,480,000

Management team

Trần Minh Bình Chairman of the Board of Directors
Phạm Thị Thanh Hoài Members of the Board
Nguyễn Thế Huân Members of the Board
Masashige Nakazono Members of the Board
Lê Thanh Tùng Members of the Board
Trần Văn Tần Members of the Board
Nguyễn Đức Thành Members of the Board
Koji Iriguchi Members of the Board
Lê Anh Hà Board of internal controllers
Nguyễn Thị Anh Thư Member of the Board of Internal controllers
Phạm Thị Thơm Member of the Board of Internal controllers
Nguyễn Đình Vinh Deputy CEO
Lê Duy Hải Deputy CEO
Nguyễn Trần Mạnh Trung Deputy CEO
Đỗ Thanh Sơn Deputy CEO
Koji Iriguchi Deputy CEO
Trần Công Quỳnh Lân Deputy CEO
Lê Như Hoa Deputy CEO
Nguyễn Bảo Thanh Vân Director of Finance
Nguyễn Hải Hưng Chief Accountant
Lê Đức Thọ Representative Spokesman