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Solid Growth Together


Our Bank

Indovina Bank Ltd. (IVB) is Vietnam’s first joint-venture bank established on 21 November 1990, under license No. 135/GP issued by the State Committee for Cooperation, license No. 08/NH-GP dated 29 October 1992 issued by the State Bank of Vietnam.

The joint-venture partners are Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) and Cathay United Bank in Taiwan (CUB). Equally contributed by the two shareholders, IVB’s chartered capital was USD193 million at the end of 2015.

IVB with its Head Office in Ho Chi Minh City, 13 branches and 20 transaction offices and counters in Ha Noi, HCM City, Hai Phong, Da Nang, Can Tho, Binh Duong and Dong Nai, has become one of the foremost financial links for foreign companies investing and doing business in Vietnam. IVB also participates actively in the economic development of Vietnam by providing diverse and good quality banking services to all customers throughout the country and abroad.


Our People

IVB personnel have a wide variety of domestic and international experience and exposure. Beside English and Vietnamese, other language fluencies of the bank staff include Mandarin and Cantonese. Local personnel have been well trained and are familiar with international banking concepts essential for providing a high standard of service to our clientele.

Leading this well balance structure is a strong Board of Executives trained in international accounting principles, banking management, banking operations, international trade finance and foreign exchange. Additional support to Management comes from managers and officers with board experience in project finance, trade finance and other facilities to all types of customers.

As of 31st December 2016, total number of officer and staff was 731, of which Head Office 158, in Business Center 53, in Ha Noi Branch 58, in Thien Long Branch 49, in Dong Da Branch 37, in My Dinh Branch 42, in Hai Phong Branch 44, in Can Tho Branch 28, in Binh Duong Branch 55, in Dong Nai Branch 52, in Da Nang Branch 39, in Hoi An Branch 11, in Tan Binh Branch 43, in Ben Thanh Branch 26 and in Cho Lon Branch 36.


Our Shareholders


Cathay United Bank (CUB) is a wholly-owned subsidiary of Cathay Financial Holdings Company, the largest financial holding company in Taipei, Taiwan with total assets and shareholder’s equity of around USD94 billion and around USD6 billion (as of 31st December 2017). CUB consists of 164 domestic branches, 12 branches and 5 oversea representative offices. CUB has much experience in providing payment service for securities companies. In year 2017, CUB was given outstanding credit ratings by many reputable rating agencies including Long term A2, Short term P-1 rated by Moody’s, “Long term A-, short term A-2” rated by Standard & Poor’s.


Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank), established in 1988, is one of the leading commercial banks in Vietnam. As of 31st December 2017, its total assets reached VND 1,095,061 billion, total owners equity was VND 63,765 billion. Vietinbank has 1 Headquarter in Hanoi, 1 Trade Finance Center, 5 Cash Management Centers, 3 Administrative Units, 2 Representative Offices nationwide and 1 Representative Office in Myanmar, 157 Branches (including 2 oversea Branches), 7 Affiliated Companies and 01 Affiliated Bank .


Our Services

As a joint venture bank, Indovina Bank receives strong and regular support from its prestigious shareholders, Viet Nam Joint Stock Commercial Bank for Industry and Trade and Cathay United Bank in Taiwan, in expanding the network to provide diverse banking and financial products to a wide range of clients. Based on the Flexcube banking software that connects all its units online and helps to enhance its existing services to customers:

• Foreign and local currency deposits

• Foreign and local currency loans

• Issuing Guarantee

• Issuing Letter of Credit

• Advise and confirm Letter of Credit

• LC Export Bill negotiation with recourse

• Documentary collection

• Discount bill of exchange

• Domestic and international remittances

• Foreign exchange

• Correspondence banking

• Debit card, ATM card service and credit card service

• Online banking service (SMS Banking, Internet Banking, Mobile Banking)

• Online Deposit service

• Bill payment service

• Payment of obligations the state budget

• Other services as permitted by the State Bank of Vietnam.