VIB busts out new year promotion programme

In particular, each customer that signed deposit agreements or certificates of deposit (CD) at VIB as well as place a Vietnamese dong-denominated term deposit of at least a month at any branch and transaction office of VIB across the country could enjoy appealing interest rates of 5.5-8.7 per cent per year.

Likewise, the bank’s depositors could earn a rare chance to enter a draw with a total prize pool of VND7.3 billion ($322,660), including a Vespa Primavera, an iPhone X 64, and a 3.75-gramme bullion of PNJ 999.9 gold.

Previously, VIB was the first domestic bank to earn the title “Best E-bank 2016” and “Best Retail Mobile Banking Experience 2016” by The Asset. Particularly, the mobile banking application enabled users to manage their account balance anywhere and anytime as well as manage their cash flows through VIB’s internet and mobile banking system.

Recently, in November 2017, International Finance Corporation (IFC) and its partners announced offering the local bank $185 million assistance over a span of five years, which included $100 million from IFC’s account and $85 million from three international lenders, Cathay United Bank Co., Ltd. Industrial; Commercial Bank of China Ltd. (Hong Kong Branch); and Thailand’s Kiatnakin Bank Public Company Ltd.

VIB received a total investment of $185 million from IFC and international lenders

In early 2017, Moody’s Investors Service upgraded the credit rating outlook of VIB’s local currency deposits and issuer ratings to “positive,” signalling optimism regarding the bank’s business performance. According to Moody’s, VIB was rated among the banks recording the highest financial strength for three consecutive years in 2014-2016.

Founded in 1996, VIB is one of the Vietnam-based banks displaying a sustainable business strategy, transparency in the administration system, and professionalism in the working environment.

The bank is praised by both its domestic and foreign partners, such as The Banker under the management of Financial Times in London, members of the World Bank Group, Global Finance magazine, and Britain-based Banking Review.

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