In 2006, Hoa Lam joined the financial market with a significant capital investment in Vietnam Thuong Tin Joint Stock Commercial Bank (VIETBANK) where Mr. Duong Ngoc Hoa serves as Chairman of the Board of Directors. The investment was the first step of consolidating and enlarging financial potential of Hoa Lam sustainably. 

On February 2nd, 2007, VIETBANK was officially opened at 47 Tran Hung Dao Street, Soc Trang City, Soc Trang Province. Hoa Lam Investment and Development Joint Stock Company became a strategic shareholder of the bank, with 35% of the total outstanding shares. Other 39 shareholders are enterprises and individuals with financial potential and experiences in banking management and operation, typically, Asia Commercial Bank (ACB).

After two years of operation, VIETBANK began a rapid growth strategy. The bank’s brand name gradually determined the wide range of service products and flexible policies. VIETBANK strives to meet the consumers’ needs of the diversifiedfinancial services across the country. Specifically, VIETBANK invests in R&D programs of customers’ needs to invent various financial products and programs that are suitable to each particular group of consumers.

VIETBANK has simultaneously carried out a series of improvements such as diversifying financial products, developing information technology systems and frequently providing professional training courses. Notably, the bank invested heavily to construct modern spacious banking centers and transaction offices across Vietnam. On November 26th, 2012, VIETBANK’s banking center – HCM City Branch was inaugurated at 4B Ton Duc Thang Street, Ben Nghe Ward, District 1, an ergonomic design of a 11-storey building featuring an automatic underground parking system. Meanwhile, the new headquarters of VIETBANK, a 2,700-square-meter building in Soc Trang City, was also put into operation.

Additionally VIETBANK also operates at the 15-story building with 2 levels of basement at 70-72 Ba Trieu Street, Hoan Kiem District in Hanoi; and the 18-storey building with 3 levels of basement at 412 Nguyen Thi Minh Khai Street, District 3 in HCMC.

In 2015, VIETBANK operates approximately 100 banking centers and transaction offices across the country in major economic regions such as HCMC, Hanoi, Ba Ria – Vung Tau, Can Tho, Danang, Khanh Hoa, Hai Phong, Long An, Nghe An, Quang Ngai and Soc Trang. In HCMC, there are approximately 50 banking centers and transaction offices located in all districts. With 1,500 professional staffs and the total value of assets up to VND20 trillion, VIETBANK gradually affirms its position within Vietnamese financial market.

VIETBANK’s strategy is to always improve banking operation quality in all aspects, and become one of the most prestigious banks in Vietnam’s banking insdustry. VIETBANK aims to be a dynamic and modern retail bank with top-quality service in the country which having competitive advantage and sustainable growth in the new era.

For more information, please visit our website at www.vietbank.com.vn.