VIB and Vietnam Railways enter in comprehensive cooperation

Under the agreement, VIB will provide various services such as train fare collection, cash flow management, financial risk mitigation solutions, operational cost optimisation solutions, and medium-and-long-term credit services.

In the first phase, VIB will collect train fare for VNR.

Particularly, from December 1, 2014 customers can pay their train tickets that they have booked online at VIB’s 53 branches and transaction offices in Ho Chi Minh City, Dong Nai, and Binh Duong provinces.

Specially, during December 1-10, these 53 branches and transaction offices will be open from 8am to 4pm on both Saturday and Sunday; meanwhile, customers can bank with these branches and transaction offices from 8am to 6pm on other days.

This is aimed to ease customers’ payment for train tickets for Tet holidays 2015.

The comprehensive cooperation agreement signed with Vietnam Railways helps VIB realise its vision to be one of the most innovative and customer-centric banks in Vietnam.

“Vietnam Railways is a large corporation with an extensive operation network across the country. With this signed agreement, we hope that customers will get more benefits and convenience, especially on the occasion of Tet holidays when the travelling demand is extremely high,” said VIB CEO Han Ngoc Vu.

Earlier, VIB signed comprehensive cooperative agreements with diverse partners to provide benefits to both personal and corporate customers, such as state budget collection for the State Treasury, import-export tax collection for the General Department of Customs, electricity bill payment for Electricity of Vietnam, and more.

Founded in 1996, the Vietnam International Bank is currently one of leading commercial joint stock banks in Vietnam. The bank now has more than 3,500 employees serving over one million personal and corporate customers as well as financial institutions at nearly 160 branches and transaction offices in 27 key provinces and municipalities across Vietnam.