Vietnam Bank for Industry and Trade, or VietinBank, has expanded Western Union Online, an account-based money transfer (ABMT) service, for the first time in Vietnam through its IPay system. To use the service, customers will log in IPay account on the website www.viettinbank.vn to receive money. ABMT applies new technology that allows access through website or mobile phones 24 hours a day. To register... 

The State Bank of Vietnam (SBV) has agreed in principle to allow the Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) to set up a subsidiary bank in Germany. The Vietinbank (Europe) Ltd is located at No. 44 on Reuterweg street in Frankfurt am Main city, with an estimated capitalization of Euro 50 million. Before operating with its charter capital of Euro 25 million, it will... 

The HCMC branch of Vietnam Bank for Industry and Trade (VietinBank) on Thursday clinched a deal with District 1’s State Treasury and Saigon Port Customs Office – Zone 3 to cooperate in tax and fee collection. Under the deal, the customs office has assigned VietinBank to collect taxes and fees paid by export and import enterprises. The enterprises can pay in cash or via account transfer at all... 

The information that VietinBank, one of the biggest commercial banks in Vietnam which has been equitized, is planning to issue international bonds and has surprised financial analysts, because it is not the ideal time to do that now. On March 19, VietinBank began a series of roadshows in foreign countries to prepare for the bond issuance in the international market. The events have caught the special... 

The Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) is planning a series of road shows in major foreign markets to prepare for issuing overseas bonds. The road shows will introduce this investment opportunity and will begin on March 19, travelling to Singapore, Hong Kong and London, as well as Boston, New York, Los Angeles and San Francisco in the US. Deputy Director of Vietinbank... 

Vietnam Bank for Industry and Trade (VietinBank) has just clinched a deal with Ernst & Young Advisory Pte. Ltd from Singapore to set up a system to manage credit risks at the bank in accordance with Basel II standards. VietinBank general director Nguyen Van Thang said in a statement that this is a long-term project of the lender to restructure the whole system of its credit risk management based... 

Vietinbank could turn the heads of edgy investors this month as its international bond auction is launched amidst a risk averse global market. Vietinbank, Vietnam’s second largest bank by total assets, last week announced it would issue $500 million worth of five-year international bonds this March following five or six overseas roadshows. The bank is working with Barclays Capital, HSBC, Allen and... 

VietinBank (CTG) will increase its charter capital this year from VND20.2 trillion ($963 million) to VND30.8 trillion ($1.4 billion), an increase of over VND10 trillion, chairman Pham Huy Hung told the bank’s annual shareholders meeting in Hanoi on February 28. Many shareholders wondered aloud whether such a substantial increase can be achieved, with the stock market in difficult circustances. But... 

Bank for Foreign Trade of Vietnam (Vietcombank) and Vietnam Bank for Industry and Trade (Vietinbank) have announced to reduce the lending interest rates to 14.5% and 15.5% per year respectively for certain clients. The rate of 14.5% at Vietcombank is applied for exporters making payments through Vietcombank while Vietinbank applies the rate of 15.5% for international trade finance programs. Besides,... 

Vietnam Commercial Bank for Industry and Trade, or VietinBank, has finished the second chartered capital increase this year to VND20.23 trillion from the previous VND16.86 trillion by issuing more shares to its existing shareholders. VietinBank in a report on Wednesday sent to the Government, the central bank and the Ministry of Finance said that it had issued over 337 million shares with the nominal...