Vietnam Joint Stock Commercial Bank for Industry and Trade (Viettinbank) was established since 1988, after its separation from the State Bank of Vietnam. Currently, Viettinbank has a wide domestic network comprising of 01 Transaction basis, 155 branches and over 1,000 transaction offices/Provident Funds. Its main services are banking trasactions, including mobilizing and receiving short/medium/long-term deposits from organizations and individuals; offering short/medium/long-term loans; arranging payments between organizations or individuals; completing foreign currency transactions, international commercial financial trade services, discount commercial papers, ponds, valuable papers and other banking services permitted by the State Bank of Vietnam.
Viettinbank is a large commercial bank, keeping the most primary role of the State Bank of Vietnam; one of the founders and partners of Indovina Bank, having affliations with 900 banks, financial instititutions in over 90 countries and regions in the world; also a pioneer in using advanced technology and e-commercial in Vietnam to meet all requirements of business and administration; the first bank in Vietnam having the branch in Europe, remark the considerable development of Vietnam’s finance in the region and the world trade map.
To Deo Ca Group, Viettinbank holds the role as a sponsor for the group’s projects. Especially, with Deo Ca Pass Tunnel Project, Bac Giang- Lang Son Highway Project…, the cooperation from Viettinbank has helped the Board of the Group solve the difficulties about capitals. From a capital sponsor, Viettinbank already became a principal shareholder, going along with Deo Ca Group in future projects.
