What is Vietcombank?
Vietcombank is the very first commercial bank that existed in Vietnam! It’s a competent financial institution that provides loaning, investment, and insurance services for you or your family.
Vietcombank’s opening dates back to June 2, 2008. Its swift code is BFTVVNVX. Vietcombank recently has over 3.7 billion assets up to date and is still growing! It’s registered under the State Bank of Vietnam and is under operation number 138/GP-NHNN. Its tax code is 0100112437.
Vietcombank also has a business registration certificate given by the Ha Noi Department of Planning and Investment under the certificate of business registration no. 0103024468. This ensures that Vietcombank is a qualified and legit banking service that you can lean on.
Vietcombank was founded on April 1, 1963. It was initially known as the Bank for Foreign Trade of Vietnam, spun off from the Foreign Exchange Bureau of the State Bank of Vietnam. It turned into an official state commercial bank in 1990. In the year of 2007, Vietcombank pioneered piloting equitization in agreement with the government’s policy and succeeded in its initial public offering!
It was listed officially on Ho Chi Minh City Stock Exchange in the year of 2009. Vietcombank signed a clever partnership and shareholders agreement with Mizuho Corporate Bank Ltd. (Japan) in 2011. And it launched a refreshed brand identity in 2013.
In 2018, Vietcombank celebrated 55 years in the industry and acquired the number 1 position of banks in Vietnam. In terms of manners of operations, profit, and business efficiency, Vietcombank stood out. This was the same year when it launched a subsidiary bank in Laos.
Vietcombank entered the list of 1,000 global public companies in 2019 and was the only bank from Vietnam. It also opened a representative office based in New York – USA. In 2020, it still possessed the no. 1 position in the banking industry. It still emerged in terms of quality and work efficiency. Vietcombank is leading in implementing the Policies of the Government and the State Bank of Vietnam. Its services have also supported people and businesses impacted by the pandemic caused by the Covid-19 virus and were approved to establish a banking branch in Australia. From 1963 until now, it has remained the best bank in Vietnam. Vietcombank is owned by the State Bank of Vietnam and Mizuho Corporate Bank. Ltd.
Requirements for borrowers
The basic requirements needed for customers to get loan and credit card services are their ID card or passport. You need to identify and provide proof of permanent residence or long-term/temporary residence. A marriage certificate or a certificate of singleness. And lastly, your proof of income, such as a labor contract, payroll, or bank account statement.
Vietcombank offers a Visa Platinum and a Visa International Credit Card. Both have an approval period that takes no less than a day! Their approval condition is that you must be at least 15 years of age. Not more than 55 years old for females and not more than 60 years old for males. For a Vietnamese resident, you must have a minimum income of 8 million VND a month. As for foreigners, you must have a minimum income of 10 million VND a month. The Visa Platinum Credit Card lasts for 1-60 months, while the Visa International Credit Card lasts 1-12 months. They both have an interest rate of 24%-36% per year.
Loan Approval
Vietcombank also offers loan services, especially for employees! A loan service with a simple procedure and quick approval time. The approval conditions for this service are that you must be at least 18 years of age. Not more than 55 years old for females and not more than 60 years old for males. There won’t be any collateral, just a registration for long-term/temporary residence in the same province or city directly under the central government as the lending unit Vietbank. You must not have any existing debts for the last 12 months up to the time of the loan. Lastly, you must pay your salary via the TGTT account at Vietbank for at least 3 months.
You just need to be a suitable borrower, prepare the right documents, and do the right procedures before the credit card or money is released.
Bank products
Vietcombank has a user-friendly and accessible internet banking service that you can access on its website or app. On top of the flexible loan terms that can last up to 60 months, it even has low-interest rates that fit your budget! Its quick and dependable service can be seen through its simple procedures.
Vietcombank offers credit services like credit card offers that have low-interest rates of 24% – 36% a year! Like applying for the Visa International Credit Card service at VND 5 000 000 – VND 30 000 000, which will last for 1 – 12 months. It also offers loans at VND 5 000 000 – VND 1 000 000 000 with a period of 3 – 60 months and an interest rate of 20% – 36% a year. At the same time, it also offers debit cards and insurance services for your future. And these can all be accessed through VCB’s digibank!
How to contact
With over 116 branches nationwide, you can reach Vietcombank at the branches that are closest to you! You can even access their nearest ATM Vietcombank, that’s located all across the regions of Vietnam! It has 1 main office and 4 subsidiaries in Vietnam alone. Vietcombank’s head office is located at 198 Tran Quang Khai, Ly Thai To Ward, Hoan Kiem District, Hanoi City. Not only that but Vietcombank has a 24/7 call center customer service! You can call their hotline with their switchboard number 1900 545413. And you can also reach them directly through their email. You can find it on their respective website and Facebook page.
Vietcombank’s services can be accessed on their easy-to-navigate website. Sound and smooth digibanking! So if you ever need any assistance, you can always ask the employee in the nearest Vietcombank branch or reach them online https://cho-vay.com/bank/vietcombank/. Rest assured that with Vietcombank, your queries, and needs are always attended to!