Bank for Foreign Trade of Vietnam
Bank for Foreign Trade of Vietnam
History and achievements:
Bank for Foreign Trade of Vietnam, Ha Noi Branch – VCB HN was established in 01/03/1985 according to the Decision 177/NH.Q? of Chairman of State Bank of Vietnam. The purpose of this establishment was to support the development of the economy of Ha Noi in general and to facilitate the business activities of many domestic as well as foreign enterprises that were operating in Ha Noi in foreign trade and travel area.
1985 – 1998: The first period with many affections of subsidy economy, VCB HN started with many difficulties such as lack of infrastructures, poor human resources with only 64 staffs … Therefore, the beginning business outcomes were undesirable: fund mobilization was only 53.4 billion VND, total loans was 13.9 billion VND, and the number of customers was 20 enterprises.
1999 – 2007: With the development of technology, VCB HN applied the Core Banking – SilverLake technique of foreign modern banks so it created many new products and services such as: internet banking, SMS banking, VCBMoney, online transaction… the implementation and management of banking transaction become more and more easier for both banks and customers. Network transaction is widened all over the city include: Thanh Cong, Ba Dinh, Chuong Duong, Cau Giay ( Thang Long) branches