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Economics

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Vietcombank’s Binh Duong IP branch - 5 years of development

So far, Vietcombank now has about 12,500 employees with nearly 400 branches, transaction offices, rep offices, membership units inside and outside of the country. The bank has one head office at Ha Noi, one transaction office, 75 branches and over 300 transaction locations nationwide, 3 membership companies at Vietnam, 2 membership companies at a foreign country, 1 rep office at Singapore, 3 joint venture companies and 2 cooperation companies. Besides, Vietcombank has developed an Autobank system with about 1,700 ATM booths and 22,000 POS card payment locations nationwide.

Over the past 10 years, Vietcombank has always reached precious prizes. In 2011, Vietcombank won prize of The Best Domestic Trade Finance Bank, Vietnam from the Asian Banker Magazine, the Asian Banker Talent and Leadership Development Award from the Asian Banker, Best Vietnamese Trade Bank in 2011 from Trade Finance Magazine. This is the fourth consecutive year Vietcombank is the first and only bank in Vietnam receiving the award of Best Vietnamese Trade Bank.

With effort and determination, Vietcombank has gradually created an image of “A leading bank for prosperous Vietnam”. Enjoying advantages and experiences, Vietcombank’s Binh Duong IP branch has affirmed its role and position in the entire system.

After 5 years of development, Vietcombank’s Binh Duong IP branch has won encouraging development results including a 30%-71% increase in capital mobilization, a 12%-56% rise in total outstanding loan and so on.

In addition, to increase service quality for Vietcombank ATM card holders, Vietcombank’s Binh Duong IP branch has installed ATM booths across IPs such Song Than, Dong An, Tan Dong Hiep, VISIP and areas such Thuan An and Di An towns…

To share difficulties with clients, Vietcombank’s Binh Duong IP branch has applied proper interest rate policies and decreased payment fee for clients.

Vietcombank’s Binh Duong IP branch’s directorate said that the results were thanks to timely instruction and assistance from all level authorities, mass bodies and the provincial State Bank, Vietcombank leadership committee and so on.

Reported by M.Duy – Translated by A.C  

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