Vietnam Joint Stock Commercial Bank for Industry and Trade - Company Profile
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Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank), a subsidiary of State Bank of Vietnam, is a provider of personal, business, and investment banking; insurance; and other related financial solutions. It offers a range of accounts such as current, savings, and certificate of deposits; debit and credit cards; loans for auto, mortgage, education, and corporate finance; and leasing; among others. The investment banking services include advisory for M&A, portfolio management, consulting on securities investment, securities licensing and underwriting, bond issuance, and initial public offerings. The bank offers insurance coverage for both life and non-life risks. It provides overseas remittances, foreign currency trading, reinsurance, trading of precious metals and stones, mobile and online banking, international services, and cash management, among others. It has operations in Vietnam, Myanmar, Germany, and Laos. VietinBank is headquartered in Hanoi, Vietnam.
Headquarters
Vietnam
Address
108 Tran Hung Dao, Quan Hoan Kiem, Hanoi
Website
www.vietinbank.vn
Telephone
84 4 39421030
No of Employees
24,642
Industry
Financial Services
Ticker Symbol & Exchange
CTG (HCM)
Revenue (2022)
$6.8B
22.5%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
17.6%
(2022 vs 2021)
Market Cap*
$6.9B
Net Profit Margin (2022)
XYZ
-4.1%
(2022 vs 2021)
* As of and is in US$
Vietnam Joint Stock Commercial Bank for Industry and Trade premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Accounts: | Overseas Remittance Services |
| Current | Foreign Currency Trading |
| Savings | Wire Transfer |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In March, VietinBank Global Money Transfer Company and Remsea signed a partnership to send money to Vietnam. |
| 2023 | Contracts/Agreements | In December, the company signed a memorandum of understanding with the Japan Bank for International Cooperation for decarbonization and energy transition in Vietnam. |
| 2023 | Contracts/Agreements | In November, the company entered into a partnership with Droppii to introduce the VietinBank Epartner Droppii Virtual Card. |
Competitor Comparison
| Key Parameters | Vietnam Joint Stock Commercial Bank for Industry and Trade | Joint Stock Commercial Bank for Investment and Development of Vietnam | Vietnam Bank for Agriculture and Rural Development | Joint Stock Commercial Bank for Foreign Trade of Vietnam | Military Commercial Joint Stock Bank |
|---|---|---|---|---|---|
| Headquarters | Vietnam | Vietnam | Vietnam | Vietnam | Vietnam |
| City | Hanoi | Hanoi | Hanoi | Hanoi | Hanoi |
| State/Province | - | - | Ha Noi | Ha Noi | Ha Noi |
| No. of Employees | 24,642 | 28,836 | 40,909 | 23,493 | 16,324 |
| Entity Type | Public | Public | Private | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Tran Minh Binh | Chairman | Executive Board | 2021 | 49 |
| Nguyen Hai Hung | Chief Accountant | Senior Management | 2011 | 51 |
| Tran Cong Quynh Lan | Director - IT; Deputy General Director | Senior Management | 2015 | 44 |
| Nguyen Hoang Dung | Deputy General Director | Senior Management | 2021 | 61 |
| Tran Thu Huyen | Director | Non Executive Board | 2014 | 46 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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