Vietnam Joint Stock Commercial Bank for Industry and Trade
HHOSE:CTG30,550.00
VND
+50.00
(+0.16%)
Vietnam Joint Stock Commercial Bank for Industry and Trade
HOSE:CTG
(Ho Chi Minh Stock Exchange)
Recent
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30,550.00
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- Business
- Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) is a state-controlled commercial banking institution that provides comprehensive retail, corporate, and investment banking services alongside non-banking financial solutions. Founded in 1988 and headquartered in Hanoi, Vietnam, the bank operates primarily through three core business segments: Retail Banking, Corporate Banking, and Treasury and Financial Markets. The Retail Banking segment offers personal deposit accounts, including demand, savings, and fixed-term deposits; consumer lending solutions, comprising residential mortgages, vehicle loans, unsecured personal loans, and education financing; payment card products, including domestic and international credit, debit, and prepaid cards; domestic and international remittance services; wealth management; and bancassurance products distributed across its branch network and via the VietinBank iPay mobile banking platform. The Corporate Banking segment provides working capital credit, medium- and long-term project financing, syndicated loans, and specialized green credit facilities to micro, small, and medium-sized enterprises (MSMEs), large domestic conglomerates, and foreign direct investment (FDI) corporations; international trade finance solutions, including import-export letters of credit, standby guarantees, documentary collections, and trade bill discounting; cash and liquidity management; supply chain financing; corporate treasury and hedging solutions; payroll distribution; and enterprise digital transaction services through the VietinBank eFAST corporate banking platform. The Treasury and Financial Markets segment conducts foreign exchange trading; interest rate, currency, and commodity derivatives; interbank money market operations; liquidity management; and sovereign and corporate debt securities underwriting, dealing, and brokerage. Complementing its banking operations, VietinBank provides securities brokerage, equity research, and investment banking advisory through VietinBank Securities; asset and fund management through VietinBank Capital and VietinBank AMC; non-life insurance through VietinBank Insurance (VBI); and equipment and machinery financing through VietinBank Leasing. VietinBank conducts its business across a nationwide network of branches and transaction offices spanning all 63 provinces and centrally run cities in Vietnam. Internationally, the bank operates a wholly owned banking subsidiary in Laos, full foreign commercial banking branches in Frankfurt and Berlin, Germany, and a representative office in Yangon, Myanmar. The State Bank of Vietnam maintains majority ownership in the bank, alongside Japan-based MUFG Bank as its principal foreign strategic shareholder. In recent developments, VietinBank has advanced a comprehensive multi-year digital transformation strategy, upgrading its core banking architecture and integrating artificial intelligence, big data analytics, and automated credit decisioning to scale transaction volumes across its VietinBank iPay and VietinBank eFAST platforms. The bank has also significantly expanded its sustainable finance program, instituting an enterprise-wide Environmental, Social, and Governance (ESG) risk management framework and securing international syndicated green loan facilities to support renewable energy, waste treatment, and energy-efficient manufacturing projects in Vietnam. To support asset expansion and maintain compliance with Basel II and Basel III capital adequacy standards, VietinBank has implemented charter capital increases through stock dividend distributions funded by retained earnings. Furthermore, the bank has broadened its strategic co-financing cooperation with MUFG Bank to service multinational corporate supply chains, while forming new strategic alliances with domestic technology, telecommunications, and industrial partners to deliver integrated supply chain financing and embedded payment solutions.