Milestones

-         1963: On April 1^st, 1963 the Bank for Foreign Trade of Vietnam was found under the Decision 115/CP dated October 30^th, 1962 by separating from the Foreign Exchange Management Department of the Central Bank (now State Bank). The Bank operated under the direct management of the State Bank with the functions of the only bank to serve external economic affairs and export-import lending for the whole country.

During the period 1964-1975 Vietcombank very well implemented two major duties that were serving economic development course in the Socialist Northern region and contributing a very important part to the struggle to liberate the Southern region by meeting all money transfer needs for buying weapons, bullets, medicines as well as foodstuff for the South.

-         1976: Opening of Ho Chi Minh City Branch.

-         1977: Opening of Da Nang and Hai Phong Branches.

-         1978: Opening of Finance Company in Hong Kong (Vinafico Hong Kong)

-         1982: Opening of Branch in Vung Tau Con Dao Special Area.

-         1985: Opening of Nha Trang, Ha Noi and Quy Nhon Branches.

-         1986: Opening of Kien Giang Branch.

-         1988: On March 26^th, 1988 the Ministerial Committee issued Decree 53/HDBT clearly stipulated that the State Bank is the Ministerial Committee’s organ to be organised into united system throughout the country and consists of 2 levels: management level (the State Bank) and dependent banks (including the Bank for Foreign Trade of Vietnam, Industrial and Commercial Bank of Vietnam, Bank for Investment and Development of Vietnam and the Agriculture Bank of Vietnam.)

-         1989: Opening of Can Tho and Vinh Branches.

-         1990:

o       on November 14^th, 1990 the Ministerial Committee issued Instruction 403/CT to change the Bank for Foreign Trade of Vietnam (under the Committee’s Decree 53/HDBT dated March 26^th, 1988) into the State-owned Commercial Bank named The Bank for Foreign Trade of Vietnam, in short the Bank for Foreign Trade. Together with the issuance of 2 Banking Ordinances, the Bank for Foreign Trade stepped out from the autonomy role for forex dealing into free competitive environment joined by other commercial banks including foreign banks’ branches and joint venture banks.

o       Being a leader amongst Vietnamese commercial banks in adopting advanced technology – computerisation of banking profession in the whole network.

o       Being agent for VISA cards payment for BFCE Singapore

-         1991:

o       Opening of Dong Nai, Quang Ninh and An Giang Branches.

o       Establishment of the Secretariat and the Operations Center in Head Office which belong to the Bank for Foreign Trade of Vietnam.

o       Being agent for MasterCard payment for MBF finance company in Malaysia.

-         1993:

o       Being awarded 2^nd Level Labour Medal by the State.

o       Opening of Hue Branch and Tan Thuan Branch in Tan Thuan EPZ in Ho Chi Minh City.

o       Establishment of joint venture bank with Korean partner (First Vina Bank), which recently was renamed Chohung Vina Bank (CVB).

o       Being agent for JCB cards for JCB Japan.

o       Issuance of Vietcombank Card (Smart Card) with chip technology.

-         1994:

o       In a bid to make full use of capital and together with the adoption of advanced technology for management, Vietcombank became the first bank in Vietnam to apply centralised capital management structure for the whole network.

o       Opening of Ha Tinh and Minh Hai Branches. Minh Hai Branch was renamed Ca Mau Branch.

o       Opening of Vietcombank Leasing and Investment Company.

o       Official issuance of regulation on logo and single name card sample for the whole network.

o       Being agent for American Express cards of American Express Hong Kong.

-         1995:

o       Became official member of MasterCard.

o       Became Swift member.

o       Being awarded by “Asian Money” – reputable monetary magazine in Asia – as the first bank in Vietnam in 1995.

-         1996:

o       Became official member of VISA.

o       Pilot launching of ATM.

o       Issuance for the first time in Vietnam of international credit cards - “Vietcombank MasterCard”. Issuance and disbursement of international cards.

o       opening of Representative Office in Paris, France; in Moscow, Russia.

o       Opening of Thai Binh Branch.

o       The State Bank of Vietnam issued Decision 286/QDNH5 dated September 21^st, 1996 on the “re-establishment of the Bank for Foreign Trade of Vietnam under the Decision 68/QD-NH5 dated March 27^th, 1993 signed by the Governor of the State Bank to operate under the structure of State Corporation stipulated in Decision 90/TTg dated March 7^th, 1994 of the Prime Minister. International transaction name: Bank for Foreign Trade of Vietnam, in short Vietcombank”.

o       Opening of joint venture Vietcombank Tower with Singapore counterpart to build office tower in Ha Noi.

-         1997:

o       Opening of Dac Lac Branch.

o       Opening of Singapore Representative Office.

o       Vietcombank registered monopoly business brand (name. logo, initial name, colour of Vietcombank) at the Industrial Property Department of the Ministry of Science, Technology and Environment.

o       Received excellent service quality recognition in terms of swift payment following international standards for the year 1996 by Chase Manhattan bank, Newyork for the first time.

-         1998:

o       Issuance of Vietcombank Visa Card.

o       Opening of Binh Tay Branch in Dist. 6, Ho Chi Minh City.

o       Received VISA’s award “New Kids on The Blocks”.

o       Opening of Vietcombank Finance Leasing Company.

o       Received excellent service quality recognition in terms of swift payment following international standards for 2 consecutive years (1996-1997) by Chase Manhattan bank, Newyork.

-         1999:

o       Opening of Binh Duong and Quang Ngai Branches.

o       Received “Vietnam’s Leading Bank – VISA Pacesetter Award 1999” of Visa Asia Pacific.

o       Received excellent service quality recognition in terms of swift payment following international standards for 3 consecutive years (1996-1998) by Chase Manhattan bank, Newyork.

o       Opening of retail banking system VCB 2010 – an advanced banking technological product. The adoption of VCB 2010 facilitates the Bank not only to standardise business and operation processes, shortening transaction time of customers... but also be a fundamental for technology development for the following years.

-         2000:

o       VISA ELECTRON payment and electronic commercial payment.

o       Being the only bank for the 4 consecutive years to be voted to the new Management Board of the Asian Bankers Association, term 2000-2002.

o  Received excellent service quality recognition in terms of Swift payment following international standards for 4 consecutive years (1996-1999) by Chase Manhattan bank Newyork.

o     Selected by “the Banker” – the prestigious banking magazine in the international financial community – as “the best Bank in Vietnam in 2000 year”.

-         2001:

o        Opening Gia Lai Branch

o        Opening Soc Trang Sub-branch under Can Tho Branch on 1/10/2001.

o        On 5/10/2001, signing Auditing Contract with Ernst & Young Company. This is the first time Vietcombank applies the international accounting standard in its auditing.

o        Opening Quang Binh Sub-branch under Hue Branch on 6/10/2001.

o        On 12/10/2001, launching the largest local network in Vietnam.

o      Opening Ben Thanh and Tan Dinh Sub-branches under Ho Chi Minh City Branch on 16/11/2001.

o        Opening Thu Duc Sub-branch under Tan Thuan Branch in 11/2001.

o        In 11/2001, opening Tra Noc Sub-branch under Can Tho Branch.

o On 15/12/2001, launching the Bank’s website at the address of: http://www.vietcombank.com.vn.

o        Signing contract with Petro Vietnam Corporation on 18/12/2001 for the amount of USD 230 million for Phu My Project.

o        Opening VCB Tower on 20/12/2002.

o        On 21/12/2001, opening Thanh Cong Sub-branch under Hanoi Branch.

o        Being awarded the Service Excelence Recognition Award by Chase Mahattan Bank, New York for the fifth consecutive year (1996-2000).

o        Being awarded the Bank of the Year in Vietnam Award  by “The Banker” Magazine of the Financial Times - a welknown magazine of the British Financial Sector for the second consecutive year (2000-2001). 

-         2002:

o  On 28/03/2002,  signing the contract on “the Bank’s Modernization Project and Vietcombank Payment system” worth 3.293 million USD between Vietcombank and Silverlake (Maliasia)

o        On 2/04/2002, signing the “Diner Club card payment” contract .

o        On 2/4/2002, opening Vietcombank Asset Management Company.

o        On 15/05/2002, launching VCB-Online and Connect 24 system.

o       On 29/02/2002, signing the Loan agreement worth 250 million USD for Dung Quat oil refinery Plant.

o        On 18/06/2002, opening Vietcombank Securities Co. Ltd with registered capital of 60 billion VND, operation duration of 50 years.

o        From 20/06/2002 on, Visa Card (Visa, Plus, Electron) was accepted by the online VCB-ATM. This is the milestone of the first time, international cards can be accepted by a commercial bank in Vietnam.

o        On 1/7/2002, opening Nha Rong Sub-branch which belongs to Tan Thuan branch.

o       On 3/7/2002, signing the trade finance framework agreement with International Moscow bank

o        From 15/07/2002, customers can withdraw VND from VCB-ATM with MasterCard

o        From 15/07/2002, Vietcombank became the exclusive issuance agent of Amex Card.

o        On 19/07/2002, the first General Staff Meeting was held in Hanoi.

o      On 31/07/2002, opening 3 more transaction offices in Hanoi (110 Cau Go, 133 Hang Bong and 50 Lo Duc).

o        On 1/8/2002, opening Tan Binh sub-branch belonging to Ho Chi Minh City branch.

o        On 6/8/2002, opening Nhon Trach sub-branch belonging to Dong Nai branch.

o        On 10/9/2002, opening Phu Tai sub-branch belonging to Quy Nhon branch and industrial zone sub-branch belonging to Binh Duong branch.

o        On 21/10/2002, opening Chau Doc Sub-branch under An Giang Branch.

o        On 1/12/2002, extending the daily working hour of 7 transaction offices in Hanoi (23 Phan Chu Trinh, 120 Hang Trong, 18 Hang Than; 52 Nguyen Chi Thanh, 3 Ly Thai To, 110 Cau Go, 198 Tran Quang Khai).

o        Opening Tam Ky Sub-branch under Quang Ngai Branch on 18/12/2002.

o        On 19/12/2002, being the lead bank in financing USD 270 million for the Electric Factory under Ca Mau Gas-Power-Fertilizer Project.

o        Being awarded the Service Excelence Recognition Award by Chase Mahattan Bank, New York for the sixth consecutive year (1996-2001).

o        Being awarded the Bank of the Year in Vietnam Award by “The Banker” Magazine of the Financial Times - a welknown magazine of the British Financial Sector for the third consecutive year (2000-2003).

-         2003:

o   January 14, 2003, The Consumers’ Credit Department and Premier Services Department established at Vietcombank Head Office.

o   January 24, 2003, A sub-branch in Vinh Loc Industrial Park (IP) established, subordinate to Vietcombank Binh Tay branch in the south.

o   February 7, 2003, Vietnam’s President Tran Duc Luong signed a decision to award Vietcombank the third-grade Honour of Independence.

o    February 12, 2003, Vietcombank Song Than sub-branch established, subordinate to the southern Vietcombank Ho Chi Minh City branch.

o    March 3, 2003, Cau Giay sub-branch established, subordinate to Vietcombank Hanoi branch.

o    March 4, 2003, Trading office No.14 established at 100 Nguyen Van Cu Street, Gia Lam District, Hanoi.

o    March 17, 2003, Hai Duong branch established at Km No.3 Nguyen Luong Bang Street, Hai Duong City, northern province of Hai Duong.

o    March 18, 2003, Vietcombank officially began to issue Vietcombank-American Express credit cards.

o    April 2, 2003, Bai Chay sub-branch established, subordinate to Vietcombank Quang Ninh branch in the northern coastal province of Quang Ninh.

o    Also in April, 2003, Vietcombank Room of Historical Records inaugurated, and book and documentary film on Vietcombank’s 40-year history released.

o    May, 2003, Vietcombank Connect 24 debit cards officially issued for use at merchant’s sites for cashing, shopping, and service charge payment.

o    May 16, 2003, Bac Lieu sub-branch established, subordinate to Vietcombank Can Tho branch in the southern province of Can Tho; and Binh Thanh sub-branch estalished, subordinate to Vietcombank Ho Chi Minh City.

o    June 4, 2003, Vietcombank received 400 billion Dong of chartered capital supplement in special bonds.

o   June 5, 2003, Vietcombank District No.5 sub-branch established, subordinate to Vietcombank Ho Chi Minh City.

o    June 6, 2003, State Securities Commission (SSC) granted Vietcombank the securities custody certificate to permit the Bank to provide a new service, i.e securities custody.

o    July 3, 2003, Vietcombank certified by the Bank of New York as “The world best correspondent bank in SWIFT payment in 2002”.

o    Also in July, 2003, Vietcombank selected by Euromoney magazine as “Best Bank in Vietnam in 2003”.

o    August 13, 2003, State Bank of Vietnam (SBV) signed with ING Institutional & Government Advisory Service BV consortium a 3.155 million euro technical assistance contract to restructure Vietcombank, aiming at improving the Bank’s efficiency and competitiveness.

o    Also in Aug., 2003, Vietcombank’s Connect 24 debit card became the only banking product awarded with “Vietnam’s Golden Star” prize.

o    August 26, 2003, First e-commerce service in Vietnam launched, namely “Vietcombank Cyber Bill Payment (V-CBP)”.

o    September 12, 2003, Vietcombank Mong Cai sub-branch established, subordinate to the northern Vietcombank Quang Ninh branch.

o   September 15, 2003, Vietcombank’s retail banking system upgraded and operated throughout its branch network.

o     September 19, 2003, Vietcombank approved to pilot provision of Option service.

o    October 6, 2003, Chuong Duong sub-branch established, subordinate to Vietcombank Hanoi.

o    October 13, 2003, Vietcombank awarded with the “Strategic leader 2003” prize by Visa Card International.

o    October 14, 2003, Vietcombank signed with Fortis Bank (Belgium) a protocol to finance multi-sourced exports.

o    November 10, 2003, Vietcombank recognized “Bank of the Year 2003 in Vietnam” by The Banker magazine for the fourth year in a row. The treasury system brought into operation at head office.

o    November 24, 2003, Vietcombank’s Trade Finance system applied at the head office and seven branches in Hanoi and Hai Phong in the north, and Ho Chi Minh City, Can Tho, Vung Tau, Dong Nai, and Tan Thuan in the south.

o    December 4, 2003, A trading counter established at Noi Bai international airport, Hanoi.

o    December 5, 2003, Trading office No.15 established at 172 Ngoc Khanh Street, Ba Dinh district, Hanoi.

o   December 8, 2003, Vietcombank supported Prudential to provide bank-based life insurance service. This is the first time such a service is available throughout the Bank’s system.

o    December 13, 2003, Another sub-branch established at Dung Quat IP, subordinate to Vietcombank Quang Ngai branch in the central coastal provice of Quang Ngai.

o    December 15, 2003, Treasury system operated at Vietcombank Ho Chi Minh City.

o    December 31, 2003, Vietcombank Payment System and Bank Modernization Sub-project concluded. It consists of eight modules: Central Payment System, Treasury, Trade Finance, Data Warehouse, Risk Management and Reporting, Loan Portfolio, Credit Rating, and Forex.

o   In 2003, Vietcombank was always the leading bank in terms of quality of banking products and services, according to opinion polls carried out by VnExpress, one of the most prestigious and most read e-magazines in Vietnam.

o    Also in 2003, Vietcombank extended cooperation with many domestic and international insurance partners, such as Prudential, Bao Viet, AIA, PJICO, and Ho Chi Minh City Postal Savings Service.

o    Also in 2003, Vietcombank played its major roles in providing syndicated credit loans to various corporate borrowers such as Chinfon Hai Phong Cement Joint Venture, Nghe An Tate&Lyle Sugar and Cane Joint Venture. Especially, Vietcombank was, by then, the first domestic bank ever representing other lenders, who were all overseas bank branches, in providing syndicated loan (to Tate&Lyle).

o    By the end of 2003, Vietcombank already installed 160 Automatic Teller Machines (ATMs) in 24 cities and provinces nationwide.

-         2004:

o       January 01, 2994, Vietcombank signed a 2004-2006 cooperation agreement with Banque Pour Le Commerce Exterieur Lao (BCEL), and contracted BCEL as a sub-member of MasterCard International where Vietcombank is also a full member;

o    January 08, 2004, Signed with MasterCard International an agreement to establish a card alliance among Vietcombank and 11 other joint stock commercial banks;

o    January 09, 2004, First phase of Bank Modernization Sub-project and Vietcombank Payment System completed;

o    April 01, 2004, Vietcombank’s Automatic Teller Machine (ATM) placed at Phu Quoc Isle, which is the first ATM in Vietnam ever placed on an isle.

o    April 19, 2004, Operation bureau No.16 opened in Hanoi by Vietcombank’s Operations Centre;

o    April, 2004, Awarded with various titles by prestigious partners, i.e. “Global Payments and Cash Management Golden Award” by HSBC in USA; “Outstanding Payment Formatting and Straight-through Rate 2003” by Bank of New York; “US Dollar STP Excellence Award” by Deutsche Bank;

o    April 22, 2004, Vietcombank Dalat branch opened;

o    June 29, 2004, Vietcombank Bac Ninh branch opened in Bac Ninh province;

o    July 01, 2004, Mr. Nguyen Hoa Binh appointed Chairman of the Board of Directors under Decision No.815/QD-NHNN by State Bank of Vietnam (SBV);

o    July 19, 2004, Vietcombank Finance Leasing Company’s branch established in HCM City.

o    August 27, 2004, Vietcombank contracted Orient Commercial Bank (OCB) to be a card service agent. Accordingly, OCB could provide card payment services on various international credit cards including MasterCard, Visa, JCB, Diners Club, and Amex, thus becoming a sub-member of MasterCard Incorporated involving in issueing Master cards. Especially, OCB also take part in domestic market of debit cards through the alliance between Vietcombank and other 11 bank members;

o    September 2004, Awarded “Best Bank in Vietnam” by The Banker, an internationally prestigious professional magazine based in U.K., for the fifth consecutive year;

o    September 01, 2004, Son Tra sub-branch established in Da Nang City;

o    September 14, 2004, Vietcombank acted as the arranger for a syndicated loan of USD 43 million for Vietnam Airlines to buy new airplanes;

o    September 15, 2004, Ba Dinh sub-branch established in Hanoi;

o    October 04, 2004, Vietcombank signed a service providing agreement with the Electricity of Vietnam (EVN);

o    October 08, 2004, Vietcombank signed a USD 150 million credit agreement with Raiffeisen Zentralbank Osterreich AG (RZB), Austria;

o    October 29, 2004, Vietcombank HCM City awarded Second Class Labour Medal;

o    November 4-5, 2004, Vietcombank successfully organized the 21^th Annual Meeting of the Asian Bankers’ Association (ABA) in Hanoi. This is the first time a domestic bank in Vietnam hosted an annual meeting of ABA;

o    November 08, 2004, Vietcombank announced the issuance of the credit card-Vietcombank MasterCard Genesis, and electronic debit card-Vietcombank MasterCard Unembossed;

o    November 08, 2004, Chohung Vina Joint-venture Bank’s system linked to Vietcombank’s ATM system;

o    November 08, 2004, Vietcombank signed a cooperation memorandum with Belvnesheconombank, Belarus;

o    November 09, 2004, Dong Thap branch established in Dong Thap province;

o    November 12, 2004, Vietcombank became an official sponsor for the National Football Team and U-23 National Olympic Football Team;

o    November 23, 2004, Vietcombank Hung Yen branch established in Hung Yen province;

o    November 30, 2004, ATM of BCEL connected to Vietcombank ATM system, marking the cross-border expansion of Vietcombank’s card payment network;

o    December 01, 2004, Vietcombank signed a border trade agreement with Bank of China../.

-         2005:

o    January 13, 2005: Vietcombank Binh Duong’s transaction counter opened at Binh Duong Trade Center, at No.1 Hung Dao Str., Phu Cuong Ward, Thu Dau Mot town, southern province of Binh Duong.

o    March 7, 2005: Syndicated loan agreement signed for the biggest thermal power plant in Vietnam in the northern seaport city of Hai Phong. The loan jointly provided by the four State-owned Commercial Banks and BaoViet Insurance for the project is USD125.3 million, in which Vietcombank’s part is USD25 million.

o    March 11, 2005: Vietcombank Phu My Hung sub-branch under Vietcombank Tan Thuan EPZ opened in the southern province of Tan Thuan.

o    March 27, 2005: Vietcombank earned Sao Khue award 2005 from Vietnam Software Association (VINASA), an award under sponsorship of National Steering Committee for Information Technology and Ministry of Post and Telecommunication (MPT). Vietcombank is the only bank awarded.

o    April 12, 2005: Vietcombank, Vietnam Airlines and American Express announced the issuance of the Vietcombank-Vietnam Airlines-American Express co-branded “Golden Lotus” credit card. This is the first associated card between the leading bank and the biggest airline of Vietnam, and is accepted by the American Express’s global payment network.

o    April 6, 2005: Vietcombank acted as the arranger for a syndicated loan of VND1.39 trillion for Pleikrong (Kon Tum) hydropower project.

o    May 6, 2005: Vietcombank Operations Centre opened transaction counters No.17, 19 and 20 at 87 Hung Vuong Str., 152 Thuy Khue Str. and 166 Nguyen An Ninh Str., Hanoi.

o    June 30, 2005: Vietcombank Dong Nai became the first branch in the Bank’s network awarded with “Hero of Labour” by the President, thanks to its excellent performance during the reform (doi moi) period from 1995 to 2004, which greatly contributed to the cause of socialist development and national defense.

o    July 4, 2005: Vietcombank Bac Ninh opened transaction counter No.1 at 38 Minh Khai Str., Tu Son town, northern province of Bac Ninh.

o    July 14, 2005: Vietcombank Dak Lak opened transaction counter No.1 at 121-123 Y Jut Str., Buon Ma Thuot city, central highland province of Dak Lak.

o    July 15, 2005: Vietcombank awarded with “The best in quality of STP payment service in Vietnam” by JP Morgan Chase, USA.

o    August, 2005: Vietcombank piloted application of new credit model under international standards at three big branches of Hanoi, HCM City and Da Nang.
August 5, 2005: Vietcombank acted as the arranger for an syndicated loan of USD42 million for the “No.2 Crude Oil Vessel” project of PetroVietnam.
August 8, 2005: Vietcombank signed a payment service contract with VMS MobiFone Co.

o    August 10, 2005: Vietcombank officially use a new cheque form.

o    August 10, 2005: Vietcombank also officially launched the Bond Trade service, and became the first bank in Vietnam publicly offerring two-way price quotation. The bank’s Bond Trade service provides both trading and repurchase (Repo) options.

o    September 5, 2005: Vietcombank Hanoi opened transaction counter No.4 at 36 Hoang Cau Str., Hanoi; Vietcombank Hai Phong opened Quan Toan transaction counter.

o    September 7, 2005: Vietcombank Binh Tay opened An Dong sub-branch.

o    September 14, 2005: Vietcombank awarded with “The best in quality of payment” by HSBC Bank USA, N.A.

o    September 21, 2005: The Government passed Decision 230/2005/QD-TTg to approve the piloted equilization of Vietcombank. This is basis for the Bank to issue convertible bonds, seek foreign consultancy and evaluate itself before attempting initial public offerring (IPO) and inviting strategic investors.

o    October 2, 2005: Vietcombank awarded with “The best in quality of STP payment service in Vietnam” by Deutsche Bank AG.

o    October 3, 2005: Vietcombank Operations Centre opened transaction counter No.21 at 157 Nguyen Tuan Str., Hanoi.

o    October 10, 2005: Vietcombank became an 0official member of Factors Chain International (FCI).

o    October 11, 2005: Vietcombank Long An branch opened at No.134-136-138 Nguyen Huu Tho Rd., Ben Luc Town, Long An Province. This is the first branch of the Bank in this southern province.

o    October 18, 2005: Signed an agreement with Military Telecommunication Corporation (Viettel) and Military Joint-stock Bank to offer telecom fee payment service for Viettel customers via Vietcombank’s ATM network.

o    October, 2005: “Technical Assistance (TA) project” for Vietcombank restructuring co-sponsored by Dutch Government and World Bank completed.

o    November 7, 2005: Vietcombank Xuan An sub-branch under Vietcombank Ha Tinh opened at Xuan An town, Nghi Xuan district, central province of Ha Tinh.

o    November 14, 2005: Vietcombank awarded with “Good payment service quality” by American Express (Amex).

o    November 22, 2005: Vietcombank officially announced plan for issuance of convertible bonds with total par value of VND1.2 trillion plus/minus 15%. This is seen a crucial initial step for the Bank’s equitization process.

o    November 25, 2005: Vietcombank Binh Thuan opened at No.87, 19 thang 4 Rd., Xuan An ward, Phan Thiet town, Binh Thuan province. This is the first branch of the Bank in this southern province.

o    December 6, 2005: Vietcombank signed a loan agreement to provide VND350 billion out of total VND2.114 trillion for Buon Kuop hydro-power project in the central highland province of Dak Lak.

o    December14-15,2005: Vietcombank successfully issued VND1.365 trillion worth convertible bonds, raising its total equity by 2005-end to VND9 trillion VND.