VietinBank Hai Phong: Thriving with the Port City

2025 marks the 70th anniversary of Hai Phong Liberation Day, a milestone in the history of the port city of Hai Phong. Although it has only been present there since 1988, with its smart development strategy and persistent companionship, VietinBank Hai Phong has become a reliable partner to thousands of businesses, actively contributed to economic development and offered a solid financial foundation for major projects in the city.

VietinBank Hai Phong is a trusted partner to residents and thousands of businesses, making significant contributions to local economic development 

Creating a sustainable foundation for development

To optimize profitability and enhance financing for businesses, capital mobilization is always considered one of the key factors by VietinBank Hai Phong. In 2024, the branch's total deposits mobilized from institutional and retail clients reached 106% of the planned figure and impressively grew 13.4% from 2023 and 27.7% from 2022. This achievement illustrated not only its effective fundraising, but also its appeal to individual and institutional customers. In particular, in this volatile financial market, VietinBank Hai Phong succeeded in maintaining stability and offering a favorable financing environment for businesses.

In addition to capital mobilization, VietinBank Hai Phong is proud of its credit funding for customers. In 2024, its total outstanding credit balance jumped 86.6% from the beginning of 2023 and fulfilled 156.3% of the given plan. VietinBank Hai Phong focused on increasing not only credit but also credit quality, and always ensured lending safety and sustainability. With a selective credit strategy, VietinBank Hai Phong focuses on FDI customers and retail customers, helping grow sustainably while maintaining safety in risk management.

In particular, VietinBank Hai Phong always keeps a very low bad debt ratio, which was 0% by the end of 2024. This is a clear demonstration of the branch's commitment to controlling credit quality while ensuring long-term benefits for borrowers. With its strong risk management, the branch has maintained its credit stability and built up customer trust.

Joining with businesses to leap forward with Hai Phong

Since its inception, VietinBank Hai Phong has always supported businesses, not only in providing finance but also in building long-term, sustainable development strategies. 2024 marked the strong progress of the branch in carrying out business support policies, especially for small and medium-sized enterprises (SMEs), foreign direct investment (FDI) enterprises and green, sustainable projects.

VietinBank has signed green credit contracts with more than 1,000 customers engaged in renewable energy, waste treatment, recycling and green agriculture. The bank also launched a green finance package worth VND5,000 billion, aiming to mobilize capital for environmental protection and sustainable development projects. These efforts have not only helped businesses participate in green industries but also assisted Hai Phong in becoming an environmentally friendly, sustainable city.

Strengthening support for FDI enterprises and SMEs which play a key role in the economy, VietinBank Hai Phong has actively participated in bank-business matching programs and helped FDI firms expand production, improve technology and develop business. Additionally, the branch has offered preferential credit packages and facilitated SMEs to develop sustainable business and improve competitiveness in the market.

VietinBank Hai Phong not only provides lending services but also helps businesses optimize financial management. The branch has deployed business account packages with many utilities, and supported businesses in managing cash flows, minimizing financial risks and improving operating performance. The "Experiencing utilities - Placing lasting love" Program, with incentives on card issuance and free premium account numbers, has been highly appreciated by businesses and made it easier for them to manage their finances.

Digital transformation brings maximum convenience to customers

To support businesses to access capital quickly and effectively, VietinBank Hai Phong has applied digital solutions to the credit granting process. Applying big data technology and artificial intelligence (AI) enables the branch to optimize the credit analysis and approval process, minimize administrative procedures and reduce processing time. This not only provides businesses with quick access to capital but also creates a transparent and convenient credit environment for all subjects.

After nearly 40 years in the port city, VietinBank Hai Phong has made significant contributions to local economic development. The branch has constantly innovated all business activities, from capital mobilization to credit, and always supported customers in growing their development. Green credit policies, FDI and SME support policies and financial solution innovations have empowered VietinBank Hai Phong to boost strong development while contributing significantly to building Hai Phong into a modern, dynamic and sustainable city.

With strategic vision and continuous efforts, VietinBank Hai Phong will continue to be a trusted partner of enterprises in Hai Phong and make further contributions to building a strong financial foundation for the development of Hai Phong City in the years to come.

By Duy Anh, Vietnam Business Forum