VIB honours Excellent Brand of Vietnam 2013

Mar 19th at 13:39
19-03-2014 13:39:44+07:00

VIB honours Excellent Brand of Vietnam 2013

The Vietnam International Bank (VIB) has just conferred the Excellent Brand of Vietnam 2013 award by English-language business magazine Vietnam Economic Times and Ministry of Industry and Trade’s Vietnam Trade Promotion Agency (Vietrade).

Selected from thousands of businesses joining the programme, VIB has fully satisfied the Organising Board criteria such as those relevant to product and services quality, stable growth rate, occupational safety and environmental protection, healthy operation and more.

This is the seventh time the bank got the award which demonstrates its reputation, transparency and trust in the eyes of domestic and foreign organizations and businesses.

The VIB was founded in 1996 with its head office based in Hanoi.

Today, the VIB is one of the leading commercial joint stock banks in Vietnam with its shareholders’ equity of about VND8.6 trillion ($410 million). The bank’s capital adequacy ratio (CAR) stood high at 19.6 per cent, one of the best in local banking system.

Currently, the bank has 3,500 people working at 151 branches and offices in 27 key provinces and cities across the country serving around 1.3 million individual customers, and more than 25,000 corporate and foreign invested enterprises.

vir



NEWS SAME CATEGORY

Lower deposit rate cap won't have significant impact: banks

The State Bank of Viet Nam yesterday lowered the interest rate cap on bank deposits of up to six months by 1 percentage point to 6 per cent as part of efforts to...

Bank M&A deal nears

Many market observers believe that Sacombank will benefit less from its merger with Southern Bank.

Lukewarm response to export credit insurance

Only 46 export credit insurance policies were taken after three years of implementing a Government's pilot prog-ramme, according to the Ministry of Industry and...

State bank cuts interest rates to spur growth

Viet Nam's credit growth as of March 13 was negative 1.05 per cent against the end of 2013.

SBV bans foreign exchange trades

Transactions on foreign exchange (forex) trading floors are illegal in Viet Nam and violators can face administrative fines of up to VND100 million, or US$4,760.

Government revises VAT guidance

In wake of the continued efforts by governments to bolster investment following the economic downturn, there has been a noticeable and stable rebound in FDI in Asia.

Vietnam interest rates continue to fall

The State Bank of Vietnam (SBV) announced it would cut the refinancing rate from 7 per cent to 6.5 per cent, effective on March 18.

Vietcombank begins consulting project to comply with FATCA

Vietcombank chose to become the first local bank in Vietnam to be compliant with FATCA, which are a set of new US tax laws becoming effective July 1, 2014.

Central bank to cut key interest rates

Several key interest rates will be cut to help reduce lending rates and combat stagnant production and negative credit growth, according to the State Bank of Viet...

Local bank assets fall in January

The total assets of banks in the country at the end of January declined by 1.04 per cent against the end of 2013 to reach VND5,696 trillion, or US$258.9 billion.

Bank stocks

Insurance stocks


MOST READ


Back To Top