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

www.vietinbank.vn

The Vietnam Industrial and Commercial Bank (Incombank) was set up by the State Bank of Vietnam in 1991 as one of the first four commercial banks after the introduction of a two-tier banking system. Other sources suggest that the bank was set up in 1988. By 2000 the bank had total assets of 48.7 trillion VND, deposits of 40.7 trillion and debts of 26.2 trillion….

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 Transaction Centers, 150 branches, over 1000 transaction offices/ savings offices. Has established correspondent relationship with 900 banks, financial institutions of 90 countries and territories all over the world.
Being diversified with 07 independent accounting subsidiaries: VietinBank Leasing Company, VietinBank Securities Company, VietinBank Asset Management Company, VietinBank Insurance Company, VietinBank Fund Management Company, VietinBank Gold and Jewellery Company, VietinBank Global Money Transfer Company and 03 non-profit making units: VietinBank Information Technology Center, VietinBank Card 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
Being the first bank in Vietnam to apply modern technology and e-commerce in its banking operations.

Mission

To become the leading fnancial and banking corporation in Vietnam that operates in diverse areas, as well as provides products and services that conform to international standards, aiming to improve the values of life.

Vision

To become one of the most modern and efective fnancial and banking group in and outside the country.

Core Values

Customer-oriented operations;
Dynamic, innovative, professional, devoted, transparent, modern;
Workers have the right to make their best efort and contribution – they have the right to receive rightful compensation – they have the right to pay homage to outstanding individuals and workers.

Business Philosophy