Vietnam International Commercial Joint Stock Bank Financials and Governance

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Facade of the State Bank of Vietnam with palm trees and Vietnamese flags.
Credit: pexels.com, Facade of the State Bank of Vietnam with palm trees and Vietnamese flags.

Vietnam International Commercial Joint Stock Bank is a major player in Vietnam's banking industry. It was established in 1993 and has since grown to become one of the largest banks in the country.

The bank's financials are a testament to its success, with a total assets of over $10 billion and a net income of over $200 million in 2020. This impressive financial performance has enabled the bank to expand its services and reach more customers.

In terms of governance, the bank is led by a strong management team, with a CEO and a Board of Directors that oversees the bank's overall strategy and direction. The bank also has a robust risk management framework in place to ensure the safety and soundness of its operations.

Management and Governance

The management team at Vietnam International Commercial Joint Stock Bank is led by Vu Ngoc Han, who has been the CEO since 2013 and also serves as Chairman.

Credit: youtube.com, Asia Pacific Enterprise Awards 2024 Vietnam: Vietnam International Bank (VIB)

Vu Ngoc Han is 59 years old and has been with the bank since 2007.

Long Van Ho is the Director of Finance/CFO, but his age and start date are not specified.

Dang Diem is the Chief Operating Officer, and he has been in the role since 2019.

The bank's management team also includes Minh Nhat Tran, the Chief Tech/Sci/R&D Officer, but his age and start date are not specified.

Minh Hue Thi Pham is the Comptroller/Controller/Auditor, and she started in 2019.

Here are the members of the Board of Directors:

Financial Information

Vietnam International Commercial Joint Stock Bank has a strong financial presence in the country. It has a large network of branches and transaction points, with over 300 locations.

The bank offers a wide range of financial products and services, including savings accounts, loans, and credit cards. Its services cater to individual and corporate customers.

The bank's financial performance is strong, with a high level of capital adequacy ratio. This indicates its ability to absorb potential losses and maintain stability.

Credit: youtube.com, VIB 2Q21 Performance Announcement

The bank's assets and liabilities are well-managed, with a significant portion of its assets being loans and investments. This diversification helps to minimize risk and maximize returns.

The bank's net interest income is a significant contributor to its revenue, accounting for a substantial portion of its total income. This reflects its focus on providing financial services to customers.

The bank's cost-to-income ratio is relatively low, indicating its efficiency in managing costs. This is a key factor in its ability to maintain profitability.

News and Updates

The Vietnam International Commercial Joint Stock Bank has been busy with various developments in recent months.

In November, the bank announced the operation of its Binh Phuoc Branch.

The bank's operations have been expanding, with the opening of a new branch in Vinh Long in October. However, this branch was later relocated in the same month.

Australia's Commonwealth Bank of Australia trimmed its stake in the bank to about 5% in October.

Credit: youtube.com, Vietnamese, Australian firms enhance cooperation in int’l payment

Here are some key dates for the bank's recent developments:

The bank has also been releasing its earnings results, with reports for the third quarter and nine months ended September 30, 2024, and the second quarter and six months ended June 30, 2024.

Bank Structure

The Vietnam International Commercial Joint Stock Bank has a notable presence in the banking sector. It reported its earnings results for the full year ended December 31, 2024.

The bank has also taken steps to expand its reach, as evidenced by the relocation of its Ca Mau branch, which was approved on January 16.

Here's a brief overview of the bank's recent activities:

Location

The Vietnam International Commercial Joint Stock Bank has its main base in Ho Chi Minh City, Vietnam. This is where you'll find the bank's headquarters.

The bank's location is situated in the Sailing Tower, a prominent building in the city. This is where you can visit the bank's main office.

To be more specific, the bank is located on Level 1 (ground floor) and Level 2 of the Sailing Tower.

Trading History

Person Holding A Vietnamese Dong
Credit: pexels.com, Person Holding A Vietnamese Dong

The trading history of Vietnam International Commercial Joint Stock Bank is quite fascinating. Over the past week, the bank's stock price has been relatively stable, with a slight decrease on February 17, 2025.

The stock price fluctuated between 20,350 and 20,450, with the lowest point being on February 17, 2025, when it dropped by 100 points (-0.49%). This decrease in stock price resulted in a significant change in the average buy and sell prices.

A closer look at the trading history reveals some interesting patterns. On February 18, 2025, the stock price increased by 50 points (+0.25%), which led to a slight increase in the average buy price.

Here's a summary of the trading history:

The trading volume has also been quite high, with the highest point being on February 18, 2025, when 6,055,800 shares were traded.

Stock Issues

The bank's stock issues are an important aspect of its structure.

The chartered capital of the bank is a significant 29,791,278,150,000.

Asian woman working in a bright office, calculating finance on a desk with a laptop.
Credit: pexels.com, Asian woman working in a bright office, calculating finance on a desk with a laptop.

The bank has a large number of shares outstanding, totaling 2,536,807,534.

The bank has issued bonus shares in the past, with the most recent issue being on August 22, 2024, with a 17% bonus share issue.

Here's a list of the bank's stock issues:

  • August 22, 2024: 17% bonus share issue
  • April 17, 2024: 6.50% dividend payment in cash (Tranche 2/2023)
  • April 17, 2024: 6.50% dividend payment in cash (Tranche 2/2023)
  • January 19, 2024: 6.00% dividend payment in cash (Tranche 1/2023)
  • January 19, 2024: 6.00% dividend payment in cash (Tranche 1/2023)

Banks

The Vietnam International Commercial Joint Stock Bank, also known as VIB, is a commercial bank in Vietnam. It was established in 1996 and is headquartered in Ho Chi Minh City.

VIB is one of the largest banks in Vietnam, with a total asset of over VND 383,000 billion as of December 30, 2023. This is a significant amount of money, and it's clear that the bank has a strong financial foundation.

In terms of revenue, VIB generated 18,058 billion VND in 2022. This is a substantial amount of money, and it's likely that the bank has a significant presence in the Vietnamese market.

VIB has a large number of employees, with 11,000 staff members as of 2023. This is a significant workforce, and it's likely that the bank has a complex organizational structure.

Here are some key dates related to VIB's activities:

  • January 22, 2025: Vietnam International Commercial Joint Stock Bank Reports Earnings Results for the Full Year Ended December 31, 2024
  • January 16, 2025: Vietnam International Commercial Joint Stock Bank Approves the Relocation of Ca Mau Branch

Geographical Sales Breakdown

A traditional Vietnamese street vendor passes by a modern bank facade in a vibrant urban setting.
Credit: pexels.com, A traditional Vietnamese street vendor passes by a modern bank facade in a vibrant urban setting.

Let's take a closer look at the geographical sales breakdown of the Vietnam International Commercial Bank. The bank's sales in Vietnam have been steadily increasing over the years, with a notable jump from 7,469 billion in 2019 to 10,275 billion in 2020.

In 2021, the bank's sales in Vietnam reached 13,294 billion, a significant increase from the previous year. This trend continued in 2022, with sales reaching 16,778 billion.

Greg Brown

Senior Writer

Greg Brown is a seasoned writer with a keen interest in the world of finance. With a focus on investment strategies, Greg has established himself as a knowledgeable and insightful voice in the industry. Through his writing, Greg aims to provide readers with practical advice and expert analysis on various investment topics.

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