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The Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietnamese: Ngân hàng Thương mại Cổ phần Công thương Việt Nam), trading as Vietinbank, is a state-owned Vietnamese bank.
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It currently [when?] holds an about 65% stake of VietinBank, the country's largest listed bank by capital. In 2024, a former State Bank of Vietnam official accused of accepting $5.2 million in bribes faced trial in conjunction with the 2022 arrest of Trương Mỹ Lan and the near failure of Sai Gon Joint Stock Commercial Bank .
The Joint-venture partner are VietinBank and Cathay United Bank in Taiwan; Vietnam – Russia Joint Venture Bank (VRB): VRB is a joint venture between the two leading banks in Vietnam and Russia, Bank for Investment and Development of Vietnam (BIDV) and Bank for Foreign Trade of Russia (VTB) References
Banking in Vietnam started in 1976 with the State Bank Vietnam, which became the central bank of the country. Vietnam's banks suffer from low public confidence, regulatory and managerial weakness, high levels of non-performing loans (NPL), non-compliance with the Basel capital standards, and the absence of international auditing.
BIDV branch in Ho Chi Minh City, in the former building of the Franco-Chinese Bank. The Joint Stock Commercial Bank for Investment and Development of Vietnam (Vietnamese: Ngân hàng Thương mại Cổ phần Đầu tư và Phát triển Việt Nam), commonly known as BIDV, is a Vietnamese state-owned bank in Vietnam.
Public Bank Vietnam - Hanoi Branch located at No. 2 Ngo Quyen Street, Hoan Kiem District, Hanoi. Public Bank Vietnam Limited (PBVN) (Vietnamese: Ngân hàng TNHH MTV Public Việt Nam) is a bank based in Hanoi, Vietnam, offering financial services in Vietnam.
VietinBank Business Center Office Tower is a supertall skyscrapers in the Ciputra urban area. It was planned to be Vietinbank's headquarters in Hanoi. If built, it will be the second tallest building in Vietnam. History. In 2008, Vietinbank agreed to signed a contract with Nam Thang Long Urban Area Development Company Limited. However, because ...