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History and Development

Eximbank was established on May 24, 1989 under the decision No. 140/CT of the Chairman of the Council of Ministers under the name VIETNAM EXPORT IMPORT BANK and was one of the first joint-stock commercial banks of Vietnam.

The Bank officially came into operation on January 17, 1990. On April 6, 1992, the Governor of the State Bank of Vietnam signed the license No. 11/NH-GP allowing the Bank to operate for a term of 50 years with the registered charter capital of VND50 billion (equivalent to USD12.5 million) and the new name Vietnam Export Import Commercial Joint-Stock Bank (Vietnam Eximbank for short).

At present, Eximbank has the charter capital of VND10,560 billion and the owner’s equity of VND13,627 billion, making it one of the largest banks in terms of owner’s equity among the commercial joint stock banks in Vietnam.

As of December 31, 2010, Vietnam Export Import Commercial Joint Stock Bank has developed a nationwide network with its Head Office located in Ho Chi Minh City and 183 branches and transaction offices in Ha Noi, Hai Phong, Nghe An, Quang Ninh, Quang Ngai, Da Nang, Hue, Nha Trang, Lam Dong, Dac Lac, Binh Duong, Dong Nai, Ba Ria Vung Tau, Ho Chi Minh City, Long An, An Giang, Tien Giang, Can Tho and Bac Lieu and has established correspondent banking relationship with over 852 banks and their branches in more than 80 countries in the world.


Product and Service Portfolio

- Savings deposits and demand deposits mobilization from individuals and entities in VND, foreign currencies, and gold. Customers' deposits are insured as per the State stipulations.
- Short, medium and long term loans; syndicated loans; overdrafts; consuming loans; credit limits in VND, foreign currencies, and gold with favorable conditions and simple procedures.
- Foreign currency trading by Spot, Swap, Forward, and Currency Option.
- Settlement services and financing for export-import activities, documentary discounting, and SWIFT-based transfer under various forms of L/C, D/A, D/P, T/T, P/O, cheque, thus ensuring quickness, reasonable costs and safety.
- Issuing and settling domestic and international credit cards including EXIMBANK MasterCard, EXIMBANK Visa, EXIMBANK Card; acquiring VISA, MasterCard, JCB, etc.; making online payments by cards.
- Cash services, payroll, collection, on-site collection and payment, foreign exchange, overseas remittance payment, domestic and overseas remittances.
- Domestic and overseas guarantee issuance (payment guarantee, tax payment guarantee, performance guarantee, bid guarantee, price quotation guarantee, warranty bond, advance payment bond, etc.).
- Financial services package for overseas studies; advisory services for monetary-financial investments.
- Home-Banking, Mobile-Banking, Internet Banking.
- Other services: reimbursement of lost or stolen Thomas Cook's Travelers' Cheques, and those services and facilities that meet customers' needs.

Achievements

2010:

  • In February 2010, “Straight-through Processing Award 2010” bestowed by Bank of New York Mellon.
  • In March 2010, "HSBC Global Payments and Cash Management 2010 Golden Award” presented by HSBC Bank USA.
  • In April 2010, “Most Favorite Vietnamese Brand Name” selected by readers of Sai Gon Giai Phong Newspaper.
  • In May 2010, “Brand Name Selected by the Consumers” elected by readers of Sai Gon Tiep Thi Magazine.
  • In June 2010, “Prestigious Securities Brand Name 2010”.
  • In July 2010, “Best Annual Report 2010” bestowed by Ho Chi Minh City Stock Exchange and Securities Investment Magazine.

2009:

  • Certificates of Excellence in International Settlements Quality by:
    • Wachovia Bank N.A New York
    • Standard Chartered Bank
    • The Bank of New York Mellon
  • Golden Brand Awards 2009 by Vietnam Association for Anti-Counterfeiting and Trademark Protection.
  • “The Favorite Brand” by Commerce Magazine.
  • “Reputable Foreign Economic Trademark” and “Outstanding Foreign Business People” co-awarded by the National Committee for International Economic Co-operation, the Voice of Vietnam, the Vietnam Union of Friendship Organizations and the Vietnam Civilization Magazine.
  • “Vietnam’s Brand Name 2009” by readers of Vietnam Brand Name Magazine

2008:

  • In July 2008, Eximbank was named “The Best Bank in Vietnam” by The Banker Magazine.
  • In April 2008, for the fourth consecutive years, Eximbank was awarded “2007 Vietnam’s Strong Brand Name” co-organized and granted by Vietnam Economic Times and The Ministry of Trade.
  • In February 2008, Eximbank was honored with the title: “The Most Satisfactory Service of 2008” granted by Saigon Tiep Thi Magazine after a poll for thousands of consumers nationwide.
  • In February 2008, Eximbank was recognized by Wochovia Bank N.A New York for its Excellence in International Settlements Service. This award is designed to recognize and appreciate the quick, accurate, and professional straight through processing procedure in international settlements service.

2007:

  • In November 2007, The Trade Magazine awarded Eximbank with the title “Top Trade Servicer” in recognition of the bank’s achievements during its operation.
  • In October 2007, Eximbank was granted the title “Golden Brandname” by Vietnam Association for Goods Counterfeit Prevention and Brandname Protection.
  • In May 2007, Eximbank became an official member of IFC (Global International Finance Corporation)
  • In May 2007, Eximbank was granted by HSBC the certificate on international settlements quality (i.e the best service quality in terms of international settlements through SWIFT).
  • In April 2007, Eximbank was voted by readers of Vietnam Economics Times for the title “2007 Vietnam Strong Brandname”. The selection and evaluation procedure was designed and organized by Vietnam Economics Times in collaboration with the Department of Trade Promotion - Ministry of Trade.
  • In January 2007, Eximbank was recognized by Standard Chartered Bank., Plc for its excellence in international settlements service (i.e. the best service quality in terms of international settlements through SWIFT).

2006:

  • In April 2006, awarded “2005 Vietnam Strong Brand Names” from readers of the Vietnam Economic Time whose selection procedure is co-determined by itself and Trade Promotion Agency.
  • In January 2006, awarded the Vietnamese brand name gold cup in the Vietnamese Top-Ten Brand Name Gold Cup Contest (2nd Time) co-held by Vietnam Brand Name Net and Vietnam Industrial Intellectual Association.
  • In January 2006, awarded the excellent STP (Straight-Through Processing) recognition in international payment through SWIFT by Standard Chartered Bank.

2005:

  • In November 2005, being the first bank in Vietnam to issue International Visa Debit payment card.
  • In September 2005, awarded the top-ten product gold cup with its package overseas study product in an award ceremony co-held by Vietnam Intellectual Agency, Vietnam Industrial Intellectual Association, QVN IT & Management Advice Center and Electronic Saigon News.
  • In June 2005, being the only bank in the commercial joint-stock banking sector awarded by the State Bank of Vietnam for excellent accomplishment in government bond bid performed at the State Bank of Vietnam.

Before 2005:

  • In November 2003, EXIMBANK Intrabank Payment System was launched.
  • In 1998, Vietnam Eximbank was granted "1998 Best Services Quality Award" by The Chase Manhattan Bank (US) New York (now JP Morgan Chase Bank).
    VIETNAM EXIMBANK was accepted by MasterCard International and Visa International - two biggest international credit card organizations - as a principal member.
  • In 1995, VIETNAM EXIMBANK became member of the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP).
    Vietnam Eximbank was chosen by the State Bank of Vietnam as a leading bank participating in counter-trade program with Indonesia pursuant to Memorandum of Understanding between Ministry of Trade of Vietnam and the Chamber of Commerce and Industry of the Republic of Indonesia.
    Established dealing room equipped with Reuters Dealing system.
    Being 1 among 6 Vietnamese banks participating in the implementation of Bank Modernization Project held by the State Bank of Vietnam and funded by the World Bank.
  • In 1995, joined SWIFT
    (Society for Worldwide Interbank Financial Tele-Communication) since 1995.
  • Also in this year, VIETNAM EXIMBANK joined the State Bank of Vietnam's Electronic Clearing System.
  • In 1993, VIETNAM EXIMBANK was selected to implement the Swiss government's aid program and the bank itself received a portion of this aid.
  • In 1991 and 1992, VIETNAM EXIMBANK was entrusted by the State Bank of Viet Nam and the Ministry of Finance to take part in Sweden's non-refundable aid extended to Vietnamese entities for import needs.

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VIETNAM EXPORT IMPORT BANK
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The 8th Floor - Vincom Center, 72 Le Thanh Ton and 47 Ly Tu Trong Street, Ben Nghe Ward, District 1, Ho Chi Minh city
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