VIB relocates headquarters to Ho Chi Minh City

December 18, 2018 | 12:30

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From December 17, 2018, VIB has officially relocated its headquarters to Sailing Tower at 111A Pasteur, Ben Nghe ward in Ho Chi Minh City’s District 1.

vib relocates headquarters to ho chi minh city

VIB CEO Han Ngoc Vu

Previously, VIB’s headquarters relocation plan from Corner Stone Building at 16 Phan Chu Trinh Street in Hanoi’s Hoan Kiem district to Ho Chi Minh City was approved by shareholders and the State Bank of Vietnam (SBV) Governor.

VIB’s new headquarters in the heart of District 1 is considered very convenient for traffic, so that it is expected to serve and better meet customers’ requirements in the area.

“Ho Chi Minh City is the southern economic centre, having the role to connect and support other cities to develop. This is also the regional and national centre of international trade, culture, creative knowledge, scientific research, high technology transfer, creative industry, besides acting as international tourism, finance-commerce and logistics hub.

“Therefore, VIB’s headquarters relocation from Hanoi to Ho Chi Minh City is in the strategy to promote business development and enhance the bank’s brand in the area,” said Han Ngoc Vu, VIB’s CEO.

Lately, VIB has become the first private commercial joint stock bank in Vietnam to be approved by the SBV to apply Basel II.

VIB has recently received positive appreciation from local and international organisations. The Banker Magazine (UK) has awarded VIB as “Bank of the Year” in two consecutive years; and international rating agency Moodys has continuously taken rating actions on VIB in recent years.

Lately, VIB has become the first private commercial joint stock bank in Vietnam to be approved by the SBV to apply Basel II.

This is the result of the effort and determination of nearly 5,300 staffs to serve more than 2.3 million corporate and retail customers with the nation-wide network of 163 branches in 27 core cities and provinces all over the country.

By Anh Duc

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