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Vietnam Banks Association's working visit to Japan
On October 17-19, 2024, the Vietnam Banks Association (VNBA) paid a working visit to Japan. Vice President cum General Secretary Nguyen Quoc Hung led the VNBA delegation, including representatives of member organizations VietinBank, OceanBank, VDB, EVNFinance and MUFG Bank.
Mandatory transfers announced for CB, OceanBank
In a move to restructure the credit institution system and tackle bad debts, the State Bank of Viẹt Nam (SBV) has announced the mandatory transfer of two major banks.
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Despite the financial hurdles in restructuring zero-VND banks, the process also presents immense opportunities for acquirers as they can leverage the restructuring to strengthen their market presence, long-term strategies, and foreign ownership limits.
Individual customers' bank savings hit record high
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Other Member
Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV)
Chairman: Mr Phan Đức Tú
CEO: Mr Lê Ngọc Lâm
Authorized capital: 50.585.238.160.000 VND (up to 31/12/2022)
Head Office: BIDV Tower, 194 Tran Quang Khai, Street, Ly Thai To Ward, Hoan Kiem District, Hanoi city, Vietnam
Website: https://www.bidv.com.vn/en/
MUFG Bank, Hanoi Branch
Chairman:
CEO: Mr Masao Kojima
Authorized capital: 105.000.000 USD (as of 12/31/2022)
Head Office: 10th Floor, Tower 1, Capital Place, 29 Lieu Giai Street, Ngoc Khanh Ward, Ba Dinh District, Hanoi, Vietnam
Website: https://www.bk.mufg.jp/global/globalnetwork/asiaoceania/hanoi.html
Công ty Cổ phần dịch vụ Trực tuyến Cộng Đồng Việt (VietUnion) - Payoo
Chairman:
CEO:
Authorized capital:
Head Office:
Website:
VIETNAM JOINT STOCK COMMERCIAL BANK FOR INDUSTRY AND TRADE (VIETINBANK)
Chairman: Mr Trần Bình Minh
CEO: Mr. Đỗ Thanh Sơn - Deputy General Director - In charge of the Executive Board
Authorized capital: 48.057.506.090.000 (up to 31/12/2022)
Head Office: 108 Tran Hung Dao, Cua Nam Ward, Hoan Kiem District, Hanoi City, Vietnam
Website: https://vietinbank.vn
Vietnam Bank for Agriculture and Rural Development (Agribank)
Chairman: Mr Phạm Đức Ấn
CEO: Mr Phạm Toàn Vượng
Authorized capital: 34.446.863.milions VND (up to date 31/12/2022)
Head Office: No. 2 Lang Ha street, Ba Dinh district, Hanoi, Vietnam
Website: https://www.agribank.com.vn
Indovina Bank Limited (IVB)
Chairman:
CEO: Mr LIU CHUN HAO
Authorized capital:
Head Office:
Website: https://www.indovinabank.com.vn/
