Industrial and Commercial Bank of Vietnam
The Industrial and Commercial Bank of Vietnam (Incombank) was established in 1988 after being separated from State Bank of Vietnam. Being one of the four largest State-owned commercial banks of Vietnam, Incombank’s total assets account for over 20 percent of the market share of the whole Vietnamese banking system. Incombank’s capital resources keep on increasing over the years and have been substantially rising since 1996 with the annual average growth of 20 percent, especially up 35 percent a year against that of last year.
State Bank of Vietnam
The State Bank of Vietnam is the central bank of Vietnam.
The HSBC Group is one of the largest banking and financial services organizations in the world, with well-established businesses in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. HSBC differentiates its brand from those of its competitors by describing the unique characteristics which distinguish HSBC, summarized by the words 'The world's local bank'.
Standard Chartered opened a representative office in June 1990 in Ho Chi Minh City, followed by an office with full branch status in Hanoi in 1994. Standard Chartered can accommodate a full range of corporate and institutional banking services, including the provision of VND and USD accounts. We have very strong relationships with local Vietnamese banks and with the regulators, which helps us find our way in an environment where regulations are unclear. This helps us in providing services to, and answering questions for, our customers. We are a strong trade services bank, a formidable player in the inter-bank market and a leader in FX dealing.
World Bank in Vietnam
In the last years, Vietnam has stood as an example of a development model that has lifted millions of people out of poverty while ensuring the benefits of its vibrant market economy are fairly evenly distributed across society. The country has rapidly created private sector jobs, has almost eliminated the difference in school enrollment rates between girls and boys, and is well positioned to achieve all the Millenium Development Goals by 2015.
ACB - Asia Commercial Bank
The Complete Banking Solution (TCBS) allowing real-time transactions and connecting all branches to a shared central database
On 18 September 2007, Housing Bank of Mekong Delta (MHB), a State-Owned Bank celebrated the tenth anniversary of its establishment as a financial institution. Compared to other State-Owned Banks (SOCBs), MHB is the youngest, yet the fastest growing one. After just one decade of operations, MHB has become one of leading banks in Vietnam with the seventh-ranked total assets of nearly VND 30 trillions, an increase of 100 times compared to the commencing day and a 48% rise over the same period of 2005. The Bank has grown substantially in size and in scope:
First Commercial Bank is the outgrowth of merger of the Savings Bank of Taiwan (established in 1899), Chia-I Bank (established in 1905), The Commercial and Industrial Bank of Taiwan (established in 1910), and Hsin-Kao Bank (established in 1916). Of these four banks, the Savings Bank of Taiwan and The Commercial and Industrial Bank of Taiwan were previously jointly owned by Chinese and Japanese, while Chia-I Bank and Hsin-Kao Bank were originally owned entirely by Chinese in Taiwan. The Japanese eventually controlled the managements, and the amalgamation took place in its final form in 1923.
Vietnam Development Bank (VDB)
The Vietnam Development Bank (VDB) is the successor to the Development Assistance Fund and has been established by a decision of the Prime Minister in Hanoi in May 2006. VDB is a non-profit, policy lending institution and has a chartered capital of VND 5 trillion. Together with the Vietnam Bank for Social Policy, VBD is expected to contribute to poverty reduction through providing financing for construction of irrigation and rural transport works, traditional village infrastructure, socio-economic infrastructure in remote areas, and export financing.