VIB relocates headquarters to Ho Chi Minh City

Dec 18th at 13:58
18-12-2018 13:58:01+07:00

VIB relocates headquarters to Ho Chi Minh City

From December 17, 2018, VIB has officially relocated its headquarters to Sailing Tower at 111A Pasteur, Ben Nghe ward in Ho Chi Minh City’s District 1.

Previously, VIB’s headquarters relocation plan from Corner Stone Building at 16 Phan Chu Trinh Street in Hanoi’s Hoan Kiem district to Ho Chi Minh City was approved by shareholders and the State Bank of Vietnam (SBV) Governor.

VIB’s new headquarters in the heart of District 1 is considered very convenient for traffic, so that it is expected to serve and better meet customers’ requirements in the area.

“Ho Chi Minh City is the southern economic centre, having the role to connect and support other cities to develop. This is also the regional and national centre of international trade, culture, creative knowledge, scientific research, high technology transfer, creative industry, besides acting as international tourism, finance-commerce and logistics hub.

“Therefore, VIB’s headquarters relocation from Hanoi to Ho Chi Minh City is in the strategy to promote business development and enhance the bank’s brand in the area,” said Han Ngoc Vu, VIB’s CEO.

VIB has recently received positive appreciation from local and international organisations. The Banker Magazine (UK) has awarded VIB as “Bank of the Year” in two consecutive years; and international rating agency Moodys has continuously taken rating actions on VIB in recent years.

Lately, VIB has become the first private commercial joint stock bank in Vietnam to be approved by the SBV to apply Basel II.

This is the result of the effort and determination of nearly 5,300 staffs to serve more than 2.3 million corporate and retail customers with the nation-wide network of 163 branches in 27 core cities and provinces all over the country.

vir



NEWS SAME CATEGORY

Is it time to wave good-bye to the credit growth ceiling?

Experts suggest the central bank to abolish the annual credit growth target and let the market decide its own supply and demand of credit.

Korean investors seek assurances

South Korean investors are seeking further funding ­opportunities in Vietnam’s capital market and are keen to dive in, providing the country further strengthens...

Microfinance crucial for financial inclusion: SBV

The State Bank of Viet Nam (SBV) will continue fine-tuning policies on microfinance to achieve the nation’s financial inclusion target, SBV Deputy Governor Dao Minh...

Banks in search for additional credit growth space

As many banks have reached their credit growth limit, they are seeking for additional space from the central bank to meet the increasing credit demand from...

Encouraging an investor-friendly framework for the capital market

The vibrant demand for private sector funding requires development of the capital-financial market in Vietnam. ­Konaka Tetsuo, the Japan International Cooperation...

Vietcombank no longer a major shareholder at other credit institutions

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has officially completed a plan to reduce its holding ratio at other credit institutions...

ADB provides US$300m loan to BIDV to support SMEs in Viet Nam

The Asian Development Bank (ADB) and Joint Stock Commercial Bank for Investment and Development of Viet Nam (BIDV) signed a US$300 million loan agreement on...

South Korea's Kookmin Bank licensed to open Vietnam branch

The State Bank of Vietnam has licensed South Korea’s Kookmin Bank to open a branch in Hanoi, the government said on Tuesday.

VN eyes the development of digital banking

Viet Nam was seeking co-operation in developing new payment systems to diversify financial services and meet market demand in the new era of technology, Deputy...

VN set to be among top ten remittance receivers

Viet Nam was expected to remain one of the top ten remittance receivers in 2018, according to the latest edition of the World Bank’s Migration and Development Brief...

Bank stocks

Insurance stocks


MOST READ


Back To Top