2024 marks a new milestone as VietinBank, for the first time, receives the award for “Best Domestic Bank for FDI Enterprises in Vietnam” presented by Global Banking and Finance Review Magazine. In addition, in Singapore, VietinBank was, for the third consecutive time, awarded the “Project Finance Deal of the Year – Infrastructure” award at the Asian Banking & Finance (ABF) Business and Investment Banking Awards. This recognizes the important role of VietinBank in financing the Bac Ha Tinh Industrial Park project, carried out by VSIP Group, a joint venture between Sembcorp Development and Becamex IDC.
The two prestigious awards in 2024 not only acknowledge VietinBank’s efforts and commitment to accompanying FDI enterprises but also affirm the bank’s role in promoting socio-economic development in Vietnam. With its comprehensive development strategy, VietinBank continues to assert its position as a trusted and ideal partner for international investors in developing and expanding their market in Vietnam.
VietinBank wins the award for “Project Finance Deal of the Year – Infrastructure”
Putting Customers at the Center and Offering a One-Stop-Shop
VietinBank is currently the bank with the largest scale and market share in serving FDI customers in Vietnam, with over 7,000 customers (accounting for about 30% of the FDI customer market share in Vietnam) and a capital funding and mobilization scale of nearly USD 11 billion. With a diverse customer base from many countries, VietinBank establishes groups to serve each country/territory, providing tailored approaches, care, and customized policies, products, services, solutions, and packages.
Additionally, VietinBank implements a “one-stop-shop” strategy, centralizing all services and products to comprehensively serve the ecosystem of its customers.
Financial Strength in the International Market
Backed by a strong shareholder structure and the 11-year partnership with its strategic partner, MUFG Bank (holding nearly 20% of the shares), VietinBank has established a solid position in supporting FDI enterprises in Vietnam through the sharing of international knowledge and experience.
VietinBank’s financial strength in the international market is further affirmed by its 12 consecutive years in the Forbes Global list of the World’s Top 2000 Largest Companies, and 3 consecutive years in the Top 200 Most Valuable Banking Brands in the world (according to the latest announcement by Brand Finance Consulting in the Banking 500 – 2024 report). The bank’s stability and reputation are also reflected in the positive assessments from international rating organizations such as Moody’s and Fitch Ratings.
The Art of Trade: $512 Billion and Beyond
The impressive figure of $38.02 billion in trade value for August alone brought the total goods import and export value for the first eight months of 2024 to a staggering $512.31 billion. Foreign-invested enterprises dominated with a value of $347.04 billion, while domestic enterprises contributed a significant $165.26 billion.
Online Savings Accounts: Uncovering September’s Highest Interest Rates at Agribank, Vietcombank, VietinBank, and BIDV
With its recent adjustment to online savings interest rates, Agribank has emerged as the leading bank in terms of interest rates for 1- to 12-month terms.
The Ultimate Guide to Captivating Copy: “3 Businesses with Substantial Assets Have Their Debts Up for Grabs by Banks”
Three businesses’ debts are up for sale by the bank, with an attractive package of collateral. This includes land rights to over 30 plots and 2.6 million shares in a publicly traded company on the HNX. A unique opportunity for investors to acquire these valuable assets and secure a strong financial future.
The Mastermind Behind the Scenes: CEO Nam Huynh
On August 17, 2024, at the prestigious Green Economy Excellence Awards, Norbreeze Collective Asia made a remarkable impression by bagging three esteemed awards for their contributions to the Vietnamese economy.
“Former Chairman and CEO of Vietinbank, Le Duc Tho, Indicted at 53 for Accepting Bribes: Patek Philippe Watch, Mercedes Benz S450, and Cash”
The Ministry of Public Security’s Security Investigation Agency has concluded its investigation into the ‘Xuyen Viet Oil’ case, revealing a series of violations committed by Mr. Le Duc Tho during his tenure as Chairman and General Director of Vietinbank.
