Vietbank Proudly Opens New Branch in Bac Ninh

On September 26, the Vietnam Thrift Bank, more commonly known as Vietbank, inaugurated its 120th transaction office: Vietbank Bac Ninh Branch in Bac Ninh city, Bac Ninh province.

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Located in the Northern Key Economic Region and adjacent to the capital city of Hanoi, Bac Ninh possesses significant growth potential. Over the years, Bac Ninh has consistently maintained its position in the top 10 of the Provincial Competitiveness Index (PCI) rankings due to its favorable geographical location and well-invested infrastructure. This enables quick and convenient connections with other localities in the region, especially with the local government’s business environment improvement policies continuously being strengthened.

Vietbank Bac Ninh branch officially commences operations

With its innovative mechanisms and policies, Bac Ninh has successfully attracted investors from countries and territories with advanced industrial production, such as Japan, South Korea, Europe, and the USA. Along with this, domestic enterprises also consider Bac Ninh an attractive investment destination for industries in the fields of agriculture, services, and especially manufacturing. With its rich cultural traditions, Bac Ninh is also a unique tourist destination in Vietnam.

Given its diverse development potential across multiple sectors, Bac Ninh always promises to be a province with prospects for growth in financial services for the entire banking industry, including Vietbank. Vietbank Bac Ninh enjoys a prime location with convenient transportation and a standard scale, boasting a spacious and modern physical infrastructure. Upon commencement, the branch will provide customers with a diverse range of financial products and services, catering to the needs of all customer groups, including enterprises, organizations, and individuals.

In line with the trend of digital transformation and modernization of financial services, Vietbank Bac Ninh also focuses on developing safe and convenient electronic banking services, payment cards, and domestic and international money transfer services. The Vietbank leadership team is confident that the Bac Ninh branch will meet the financial needs of not only local enterprises and individuals but also all customers visiting Bac Ninh province. The operations of Vietbank Bac Ninh will contribute to the socio-economic development of the province, providing impetus to the key economic sectors and creating a positive impact across the Northern Key Economic Region and the entire country.

The opening of the Bac Ninh branch is part of Vietbank’s development plan, which has received approval from the State Bank of Vietnam for network expansion. In 2024, the bank plans to open 14 new transaction offices in 12 provinces and cities, increasing the total number of transaction offices to 132 across 22 provinces and cities nationwide. Vietbank’s Bac Ninh branch not only marks a significant milestone in the bank’s development strategy but also demonstrates its determination to reach and accompany customers throughout the country.

In its development strategy, Vietbank always orientates its activities towards customers. The bank continually strives to enhance service quality, diversify products, and adapt flexibly to market changes. After 17 years of companionship, the trust of millions of customers stands as a testament to Vietbank’s commitments.

Despite the economic challenges in the first half of 2024, Vietbank achieved positive business results, with many growth indicators, such as mobilization, outstanding loans, total assets, and pre-tax profits. Notably, the bank’s safety ratios are well within the control limits set by the State Bank of Vietnam. These results affirm the correctness of the development strategy and demonstrate the bank’s ability to adapt to market fluctuations, paving the way for its goal of becoming a leading reputable retail bank in Vietnam.

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