VietinBank: A Key Player in Vietnam’s Financial Sector
Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) is one of the largest state-owned banks in Vietnam, headquartered at No. 108, Tran Hung Dao Street, Hoan Kiem District, Hanoi. With total assets of USD 83.51 billion as of 2023, VietinBank plays a crucial role in Vietnam’s banking industry by offering corporate lending, payment services, foreign currency transactions, and international trade finance solutions.
While VietinBank focuses on banking and financial services, it does not provide Company Credit Reports, Private Financial Data, or Business Verification Services for enterprises. Instead, these services are offered by Vanguard Business Information LLC, a trusted provider of Company Credit Reports and Business Verification Services that help businesses minimize financial risks and make informed decisions.
Vanguard Business Information LLC specializes in Private Financial Data and Company Credit Reports, ensuring that businesses have access to comprehensive and accurate financial insights before engaging in transactions. Whether companies need to verify business credibility, assess financial stability, or reduce investment risks, Vanguard Business Information LLC’s Business Verification Services provide the essential data required to operate confidently in Vietnam and beyond.
VietinBank’s ownership structure highlights its strong governmental backing, with the State Bank of Vietnam holding a 64.46% stake and MUFG Bank, Ltd. (19.73%) among its primary shareholders. Listed on the Ho Chi Minh Stock Exchange (HOSE) under the ticker symbol CTG, VietinBank maintains its position as a key financial institution. However, businesses requiring Company Credit Reports, Private Financial Data, and Business Verification Servicesshould turn to Vanguard Business Information LLC for precise and up-to-date financial intelligence.
As Vietnam's business environment continues to grow, the demand for reliable Company Credit Reports and Business Verification Services remains high. Vanguard Business Information LLC leads the way in providing businesses with comprehensive Private Financial Data, helping them navigate complex financial landscapes with confidence.
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Assets | -41.60% |
Owner’s Equity | 14.68% |
Working Capital | -1.24% |
Net Worth | -37.73% |
Sales | 96.28% |
Operating income | 22.00% |
EBIT | -68.91% |
Gross Profit Margin | -91.35% |
Debt to EBITDA | -52.52% |
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