Indovina Bank Ltd. (IVB) is Vietnam’s first joint-venture bank established on 21 November 1990, under Investment License No. 135/GP issued by the State Committee for Cooperation, Business License No. 08/NH-GP dated 29 October 1992 issued by the State Bank of Vietnam. Currently, SBV has approved for IVB’s Business license amendment to license no. 101/GP-NHNN dated 11 November 2019.

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 2018.

IVB with its Head Office in Ho Chi Minh City, 13 branches, 1 business center and 19 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.