Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) history, profile and corporate video
Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) is a commercial bank, headquartered in Hanoi, Vietnam.
Originated as a specialized bank for foreign trade, Vietcombank has become a multiple sector bank, providing customers with a wide range of financial services. It offers both traditional banking services such as international settlement and trade finance, fund mobilization, lending, and project finance, as well as modern banking services such as treasury and derivatives, card services, e-banking, and securities trading and investment.
HISTORY
Vietcombank was formerly known as the Foreign Exchange Management Department under the Vietnam National Bank, which was established in 1955.
In 1961, the Foreign Exchange Management Department changed its name to the Agency of Foreign Exchange under the State Bank of Vietnam.
In 1963, Vietcombank was founded as Bank for Foreign Trade of Vietnam after being spun off from the Foreign Exchange Bureau of the State Bank of Vietnam.
In 1996, the company changed its name from Bank for Foreign Trade of Vietnam to Joint Stock Commercial Bank for Foreign Trade of Vietnam.
In the 1991-2007 period, Vietcombank was transformed from a specialized foreign trade bank to a State commercial bank.
In 2009, Vietcombank was listed on Ho Chi Minh City Stock Exchange.
SUBSIDIARIES
- Vietcombank Financial Leasing Company Limited – Financial leasing
- Vietcombank Securities Company Limited – Investment banking
- Vietcombank Tower 198 Company Limited – Real estate
- Vietnam Finance Company Limited – Financial services
- Vietcombank Laos – Commercial banking
- Vietcombank Money Incorporated – Money transfer
- Vietcombank – Bonday – Ben Thanh Company Limited – Real estate
- Vietcombank Fund Management Company – Investment fund management
- Vietcombank – Cardif Life Insurance Company Limited – Life insurance
- Vietcombank Bonday Limited – Real estate
With more than 20,000 employees, Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) is considered one of the largest commercial banks in Vietnam. According to Forbes, it is considered one of the Largest Public Companies in the World.
*Information from Forbes.com, Wikipedia.org, and vietcombank.com.vn/en-us.
**Video published on YouTube by “Vietcombank – Ngân hàng TMCP Ngoại Thương Việt Nam“.