VIB Bank - 10-year Milestone

After 10 years of operation since its inauguration on September 18, 1996, the Vietnam International Bank (VIB Bank) has always been rated one of the best commercial banks in Vietnam. The VIB Bank is rated Grade A in capital, asset management, liquidity and management resources. The overdue debt rate is always low. Especially, the risk management strengthening is the top priority in the business strategy of the VIB Bank.

Mr. Trinh Van Tuan, Chairman of VIB Bank Board of Directors, said the chartered capital of the VIB Bank has increased to over VND711 billion (US$44.44 million), a 14-fold higher than its initial chartered capital. By the end of this year, the VIB Bank will join the “VND1,000-billion club.” Its network will be expanded with more than 50 transaction locations. The VIB Bank has been awarded the Bank of Excellent Payment Activities Title by Citigroup and the Vietnam Strong Trademark twice.