NGÂN HÀNG CÔNG THƯƠNG VIỆT NAM Vietnam Bank for Industry and Trade BÁO CÁO THƯỜNG NIÊN A N N U A L R E P O R T Corporate Profile 04 Financial Highlights 2003 – 2007 05 Message from Chairman of The Board of Directors 06 VietinBank Performance in 2007 08 Fund Mobilization CONTENT Loans to the Economy Investments Joint-ventures and Capital Contribution Activities Subsidiaries Banking Service Development International Banking Activities Social Activities 23 VietinBank and Equitization Process 24 Business Plan for 2008 25 VietinBank Brand Identity 26 Financial Statements 28 Independent Auditors’ Report Consolidated Balance Sheet Consolidated Income Statement Consolidated Statement of Cash Flows Interpretation on Financial Reports Organization Chart 38 VietinBank Nationwide Network 44 Major Correspondent Banks 53 Improving the Values of Life Annual Report VietinBank’s Head Office Corporate Profile Vietnam Bank for Industry and Trade – VietinBank (formerly Industrial and Commercial Bank of Vietnam – Incombank) was established in 1988, on its separation from the State Bank of Vietnam VietinBank is one of the four largest commercial banks in Vietnam and is ranked as one of the 23 special state-owned corporations VietinBank’s extensive network includes Main Transaction Centers (in Hanoi and Ho Chi Minh City), 138 branches, 185 transaction offices, 428 savings bureaus, 750 ATMs, a Human Resource Development and Training Center (in Hanoi) and an Information Technology Center (in Hanoi) foreign exchange, securities trading, insurance and financial leasing and etc VietinBank is the full member of: • The Asian Bankers Association (ABA) • The ASEAN Bankers Association VietinBank subsidiaries are VietinBank Leasing Company, VietinBank Securities Limited Company, VietinBank Asia Insurance Company and VietinBank Real Estate and Financial Investment Company • Vietnam Bankers Association (VNBA) • Society for Worldwide Inter-bank Financial Telecommunication (SWIFT) VietinBank is a co-founder and major shareholder of Indovina Bank and Vietnam National Financial Switching JSC (Banknet) • Visa/ Master Services Association • Vietnam Chamber of Commerce and Industry (VCCI) VietinBank manages correspondent banking relationships with over 850 banks worldwide and thus can send authenticated SWIFT messages to more than 19,000 banks and their branches globally • APEC Financial Institutions dealing with Small and Medium-Sized Enterprises • Vietnam Association of Small and Medium Enterprises VietinBank provides a wide range of banking and financial products and services including deposits and savings, local and international payments, loans, guarantees and counter-guarantees, trade finance, remittances, issuance and payment services for domestic and international cards, travelers’ checques, Financial Highlights 2003 – 2007 (as of 31 December) in million VND 2003 2004 Total assets 94,979,062 Total loans and investments 83,539,096 Total loans 61,751,878 69,238,983 Total mobilized funds 89,680,881 92,530,427 70,079,035 72,258,562 3,921,638 4,593,153 233,666 276,521 Deposits from customers Total equity After-tax profit 2005 2006 2007 98,601,171 115,765,970 135,442,520 166,112,971 90,186,620 103,405,483 125,088,497 153,860,348 74,632,271 80,152,334 102,190,640 108,605,615 126,625,018 151,459,336 84,387,013 99,684,234 116,364,837 4,999,839 5,637,625 10,646,529 423,093 602,800 1,149,442 Return on Average Assets (ROAA) 0.26% 0.29% 0.39% 0.48% 0.76% Return on Average Equity (ROAE) 6.81% 6.50% 8.82% 11.33% 14.12% Capital Adequacy Ratio (CAR) 6.08% 6.30% 6.07% 5.18% 11.62% Annual Report Annual Report Message from Chairman of The Board of Directors One year after WTO entry, Vietnam’s economy recorded substantial gains in most sectors in 2007, with GDP growth of 8.48% - the highest growth rate over the past 10 years The confidence and expectations of both local and foreign investors in Vietnam’s economy increased, as shown by the strong growth in investment capital, while FDI of USD 20.3 billion was double the amount received in 2006; industrial output rose by 17.1%; export turnover rose by 22% reaching USD 48.4 billion; official foreign currency reserves increased significantly A large number of major and high-tech projects were signed, creating opportunities for Vietnam to accelerate national industrialization and modernization However, in addition to the above solid achievements, in 2007 Vietnam’s economy had to deal with a high inflation rate of 12.3%, a large trade deficit and an unstable real estate market The Banking industry was considered to have had a successful year in 2007, contributing strongly to GDP growth With total loans and investments to the economy increasing by 38% compared to 2006, commercial banks continued to maintain their impressive business performance In 2007, under the strict anti-inflation monetary policy imposed by the State Bank of Vietnam and in the context of fierce competition in the banking sector, Vietnam Bank for Industry and Trade (VietinBank) continued its sustainable development momentum thanks to the direction given by the Board of Directors, and the ongoing efforts of the Board of Management and all employees Total assets went up 24%, total capital increased by 19%, asset quality improved demonstrably, with year end NPLs of 1.02% (compared to 1.38% at the beginning of the year) The branch network was strengthened and the focus was in investments in modern banking technology Furthermore, banking operations and banking services recorded good growth rates; risk provision increased by 47% and total income increased by 85% VietinBank’s good performance contributed positively to the socio-economic development and industrialization of the country With the strategy of becoming a leading bank in the region, VietinBank must transform itself into an efficient universal bank and offer a full products suite to corporate, commercial and retail customers, supported by the latest technology This will require substantial and ongoing investments in human resources (training programs, including developing management/ leadership skills) However, this can only be achieved with sound financials and sustainable growth, sound principles to which VietinBank’s Management is firmly committed In 2008, VietinBank’s management approved a business plan with the following targets: total capital to increase by 20%, total loans and investments to increase by 25%, NPLs below 2%, loan loss provision of VND 1,500 billion and fee income of VND 700 billion The year 2008 will witness many important events among which the most significant will be the 20th anniversary of Vietnam Bank for Industry and Trade’s establishment, the official introduction of new brand identity “VietinBank” and the new logo The new brand name has already been registered and protected at Vietnam’s National Office of Intellectual Property and will then be registered in 40 countries in the world Furthermore, VietinBank will launch its IPO in the local market, list on the stock exchanges and offer shares to strategic foreign investors VietinBank will make all the necessary preparations to become “VietinBank Financial Group” and actively promote its regional and international integration On this occasion, on behalf of the Board of Directors, Board of Management and VietinBank staffs, we would like to express our sincere thanks for the valued guidance and support of the Government, the State Bank of Vietnam and other relative bodies and authorities and to our distinguished customers, domestic and foreign partners who greatly contributed to the success of VietinBank in the year 2007 We hope that VietinBank will continue to receive your kind assistance and cooperation Dr Pham Huy Hung Chairman The Board of Directors Annual Report Annual Report Vietinbank’s Performance in 2007 Annual Report 48 Branches (continued) VietinBank Bac Hanoi Industrial Zone Branch VietinBank Hoang Mai Branch No.2-4 Kim Dong Str., Giap Bat, Hoang Mai, Hanoi VietinBank Dong Anh Branch Dong Anh Town, Hanoi VietinBank Ha Tay Branch 269 Quang Trung, Ha Dong Town, Ha Tay VietinBank Quang Trung - Ha Tay Branch HA NOI Group No.11, Nguyen Van Linh Str.,Sai Dong Ward, Long bien Dist., Hanoi 104 Tran Phu, Van Mo Ward, Ha Dong Town, Ha Tay VietinBank Nguyen Trai - Ha Tay Branch 04-38758414 ICBV VN VX 129 04-36648701 ICBV VN VX 324 39 Tran Phu, Van Mo Ward, Ha Dong Town, Ha Tay 034-3522604 ICBV VN VX 326 10 Ngo Quyen Str., Ha Dong Town, Ha Tay 034-3550591 ICBV VN VX 322 No.3 Tan Binh Zone, Xuan Mai Town, Chuong My, Ha Tay 034-3720102 VietinBank Ha Tinh Branch 160 Ha Huy Tap Str., Ha Tinh Town, Ha Tinh 039-3850406 ICBV VN VX 430 No.1 Hong Quang Str., Hai Duong City, Hai Duong 0320-3852280 ICBV VN VX 340 VietinBank Nhi Chieu Branch Group II, Phu Thu Town, Kim Mon, Hai Duong 0320-3821336 ICBV VN VX 344 Km 51+900 Avenue No.5, Hai Duong City, Hai Duong 0320-3222961 ICBV VN VX 346 VietinBank Hai Phong Branch 36 Dien Bien Phu, Ngo Quyen, Hai Phong 0313-3859913 ICBV VN VX 160 VietinBank To Hieu Branch 116 To Hieu, Le Chan, Hai Phong 0313-3610343 ICBV VN VX 161 VietinBank Do Son Branch 193 Ly Thanh Tong, Do Son, Hai Phong 0313-3861276 ICBV VN VX 162 VietinBank Hong Bang Branch 90 Tran Quang Khai, Hong Bang Dist., Hai Phong 0313-3746682 ICBV VN VX 166 VietinBank Le Chan Branch 189 Hai Ba Trung, Le Chan, Hai Phong 0313-3854211 ICBV VN VX 164 VietinBank Ngo Quyen Branch Pham Minh Duc, Ngo Quyen, Hai Phong 0313-3551525 ICBV VN VX 168 VietinBank HCM City Branch No.1 93 Ham Nghi, Dist 1, Ho Chi Minh City 08-38210089 ICBV VN VX 902 VietinBank HCM City Branch No HO CHI MINH CITY 034-3210916 VietinBank Hai Duong Industrial Zone Branch HAI PHONG ICBV VN VX 320 VietinBank Hai Duong Branch HAI DUONG 034-3829471 VietinBank Lang Hoa Lac HA TINH ICBV VN VX 144 VietinBank Song Nhue - Ha Tay Branch HA TAY 04-38835141 222-224 Phan Dinh Phung, Phu Nhuan Dist Ho chi Minh City 08-39952269 ICBV VN VX 904 VietinBank HCM City Branch No.3 461 Nguyen Dinh Chieu, Dist 3, Ho Chi Minh City 08-38398371 ICBV VN VX 906 VietinBank HCM City Branch No.4 57-59 Ben Van Don, Dist 4, Ho Chi Minh City 08-39400263 ICBV VN VX 908 VietinBank HCM City Branch No.5 218 Tran Hung Dao B, Dist 5, Ho Chi Minh City 08-38552613 ICBV VN VX 920 VietinBank HCM City Branch No.6 78 Thap Muoi, Dist 6, Ho Chi Minh City 08-38572934 ICBV VN VX 922 49 Annual Report Branches (continued) VietinBank Binh Tan Branch Block No.9, C Str.,Tan Tao Industrial Zone, Binh Tan Dist., Ho Chi Minh City 08-37542193 ICBV VN VX 923 VietinBank HCM City Branch No.7 346-348 Bui Huu Nghia, Binh Thanh Dist., Ho Chi Minh City 08-38412329 ICBV VN VX 924 VietinBank HCM City Branch No 196 H¬ung Phu, Dist 8, Ho Chi Minh City 08-38596532 ICBV VN VX 926 VietinBank HCM City Branch No No.1 Nguyen Oanh, Go Vap Dist., Ho Chi Minh City 08-38946449 ICBV VN VX 928 VietinBank HCM City Branch No 10 530 Le Hong Phong, Dist 10, Ho Chi Minh City 08-38356058 ICBV VN VX 940 VietinBank HCM City Branch No 11 1447-1449, 3/2 Road, Dist 11, Ho Chi Minh City 08-39604240 ICBV VN VX 942 VietinBank HCM City Branch No 12 366 Tr¬uong Chinh, Tan Binh Dist., Ho Chi Minh City 08-38121028 ICBV VN VX 944 VietinBank Tan Binh Branch 39 Ly Thuong Kiet, Tan Binh Dist., Ho Chi Minh City 08-39712927 ICBV VN VX 945 VietinBank HCM City Branch No 14 35 Nguyen Van Ba, Thu Duc Dist., Ho Chi Minh City 08-38960799 ICBV VN VX 946 VietinBank Thu Duc Branch No.1 Vo Van Ngan, Thu Duc Dist., Ho Chi Minh City 08-38966103 ICBV VN VX 947 VietinBank Cu Chi Branch No 35-37 Road No.8, Cu Chi Town, Ho Chi Minh City 08-37909896 VietinBank Hoa Binh Branch 186 Cu Chinh Lan Str, Phuong Lam Ward, Hoa Binh City, Hoa Binh VietinBank Hung Yen Branch No.1 Dien Bien, Hung Yen Town, Hung Yen VietinBank My Hao Branch Ban Yen Nhan Town, My Hao, Hung Yen KHANH HOA VietinBank Khanh Hoa Branch No.4 Hoang Hoa Tham, Nha Trang City, Khanh Hoa KIEN GIANG VietinBank Kien Giang Branch 63 Le Loi, Rach Gia Town, Kien Giang KON TUM VietinBank Kon Tum Branch 90 Tran Phu, Kon Tum Town, Kon Tum LAO CAI VietinBank Lao Cai Branch Hoang Lien Str., Coc Leu Ward, Lao Cai City, Lao Cai VietinBank Lam Dong Branch Le Dai Hanh, Da Lat City, Lam Dong VietinBank Bao Loc Branch HO CHI MINH CITY HOA BINH HUNG YEN 0321-3863741 ICBV VN VX 342 0321-3942285 ICBV VN VX 343 058-3822981 ICBV VN VX 580 077-3861974 ICBV VN VX 840 060-3910209 ICBV VN VX 510 020-3824899 LONG AN No.3 28/3 Str., Bao Loc Town, Lam Dong 063-3864304 ICBV VN VX 622 616 Hung Vuong, Di Linh Town, Lam Dong 063-3870680 ICBV VN VX 624 VietinBank Lang Son Branch 51 Le Loi Str., Lang Son City, Lang Son 025-3876689 ICBV VN VX 200 VietinBank Long An Branch LANG SON ICBV VN VX 620 VietinBank Di Linh Branch LAM DONG 063-3823856 396 National Highway 1, Tan An Town, Long An 072-3829425 ICBV VN VX 700 VietinBank Ben Luc Branch 234 Vo Cong Ton Str., Ben Luc Town, Long An 072-3211868 ICBV VN VX 704 VietinBank Chau Thanh Branch 219 827A Str., Tam Vu Town, Chau Thanh, Long An 072-3877212 ICBV VN VX 702 Annual Report 50 Branches (continued) VietinBank Nam Dinh Branch 119 Quang Trung, Nam Dinh City VietinBank Nam Dinh City Branch 0350-3867526 ICBV VN VX 380 No.1, May To Str., Tran Hung Dao Ward, Nam Dinh City, Nam Dinh 0350-3849346 ICBV VN VX 382 VietinBank Ninh Thuan Branch 468 Thong Nhat Str., Phan Rang-Thap Cham Town, Ninh Thuan 068-3920346 ICBV VN VX 610 VietinBank Nghe An Branch Nguyen Sy Bach, Vinh City, Nghe An 0383-3342797 ICBV VN VX 440 VietinBank Cua Lo Branch 62 Binh Minh Str., Thu Thuy, Cua Lo Town, Nghe An 0383-3952868 ICBV VN VX 441 VietinBank Bac Nghe An Branch Block No.2, Cau Giat Town, Quynh Luu, Nghe An 0383-3643286 ICBV VN VX 444 VietinBank Ben Thuy Branch 229 Le Duan, Vinh City, Nghe An 0383-3842548 ICBV VN VX 442 VietinBank Ninh Binh Branch Tran Hung Dao, Ninh Binh Town, Ninh Binh 030-3872614 ICBV VN VX 400 VietinBank Tam Diep Branch Group No.17, Trung Son Ward, Tam Diep Town, Ninh Binh 030-3771317 ICBV VN VX 402 VietinBank Phu Tho Branch 1514 Hung Vuong Avenue, Viet Tri City, Phu Tho 0210-3846316 ICBV VN VX 240 VietinBank Den Hung Branch Group 1, Van Phu, Viet Tri City, Phu Tho 0210-3970001 ICBV VN VX 248 VietinBank Phu Tho Town Branch 01 Phu An Str., Phu Tho Town, Phu Tho 0210-3846316 ICBV VN VX 244 VietinBank Nam Viet Tri Branch No.806 Hung Vuong Avenue, Viet Tri City, Phu Tho 0210-3863527 PHU YEN VietinBank Phu Yen Branch 236 Hung Vuong, Tuy Hoa Town, Phu Yen 057-3828007 ICBV VN VX 560 QUANG BINH VietinBank Quang Binh Branch 215 Ly Thuong Kiet, Dong Hoi City, Quang Binh 052-3840582 ICBV VN VX 470 VietinBank Quang Nam Branch 22 Phan Boi Chau, Tam Ky Town, Quang Nam 0510-3852859 ICBV VN VX 482 VietinBank Hoi An Branch Hoang Dieu, Hoi An Town, Quang Nam 0510-3911107 ICBV VN VX 484 VietinBank Quang Ngai Branch 97 Hung Vuong Avenue, Quang Ngai Town 055-3822599 ICBV VN VX 520 VietinBank Quang Ninh Branch Kho than 1,2, Bê tông Str., Hong Gai Dist., HaLong City, Quang Ninh 033-3825713 ICBV VN VX 300 VietinBank Cam Pha Branch 378 Tran Phu, Cam Trung, Cam Pha, Quang Ninh 033-3862006 ICBV VN VX 302 VietinBank Uong Bi Branch 466 Quang Trung, Uong Bi, Quang Ninh 033-3854250 ICBV VN VX 304 VietinBank Bai Chay Branch Ha Long Str., Bai Chay Ward, Ha Long City, Quang Ninh 033-3846560 ICBV VN VX 306 VietinBank Mong Cai Branch 01 Huu Nghi, Mong Cai Town, Quang Ninh 033-3881553 ICBV VN VX 308 QUANG TRI VietinBank Quang Tri Branch 64 Nguyen Trai, Dong Ha Town, Quang Tri 053-3550564 ICBV VN VX 450 SOC TRANG VietinBank Soc Trang Branch 67A Le Loi, Soc Trang Town, Soc Trang 079-3614655 ICBV VN VX 822 NAM DINH NINH THUAN NGHE AN NINH BINH PHU THO QUANG NAM QUANG NGAI QUANG NINH Branches (continued) VietinBank Tay Ninh Branch 145, 30/4 Road, Tay Ninh Town VietinBank Trang Bang Industrial Zone Branch Km 33 – 156A1 An Binh Hamlet, Trang Bang, Tay Ninh VietinBank Hoa Thanh Branch 066-3822037 ICBV VN VX 660 066-3896386 ICBV VN VX 664 145/12B, Hung Vuong Str., Hoa Thanh Town, Tay Ninh 066-3830006 ICBV VN VX 662 VietinBank Thai Binh Branch 190 Trung Trac, Thai Binh Town, Thai Binh 036-3835939 ICBV VN VX 360 VietinBank Diem Dien Branch Block No.5, Diem Dien Town, Thai Thuy, Thai Binh 036-3711798 ICBV VN VX 362 VietinBank Thai Nguyen Branch 62 Hoang Van Thu, Thai Nguyen City, Thai Nguyen 0280-3852258 ICBV VN VX 220 VietinBank Song Cong Branch No.1 Thang Loi Str., Song Cong Town, Thai Nguyen 0280-3862085 ICBV VN VX 222 VietinBank Luu Xa Branch Trung Thanh Ward, Thai Nguyen City, Thai Nguyen 0280-3861949 ICBV VN VX 224 VietinBank Thanh Hoa Branch 17 Phan Chu Trinh, Thanh Hoa City, Thanh Hoa 037-3852318 ICBV VN VX 420 VietinBank Sam Son Branch Tai Loc Str., Truong Son Ward, Sam Son Town, Thanh Hoa 037-3821540 ICBV VN VX 422 VietinBank Bim Son Branch 169 Tran Phu, Bim Som Town, Thanh Hoa 037-3824218 ICBV VN VX 424 VietinBank Thua Thien Hue Branch Le Quy Don, Hue City, Hue 054-3825102 ICBV VN VX 460 VietinBank Phu Bai Industrial Zone Branch Zone 1, Phu Bai Town, Huong Thuy, Thua Thien Hue 054-3863319 ICBV VN VX 462 VietinBank Tien Giang Branch 15B Nam Ky Khoi Nghia, My Tho City, Tien Giang 073-3873025 ICBV VN VX 760 VietinBank Tay Tien Giang Branch 560 National Highway 1A, Block No.5, Cai Lay Town, Tien Giang 073-3826807 ICBV VN VX 762 TRA VINH VietinBank Tra Vinh Branch 15A Dien Bien Phu, Tra Vinh Town 074-3863827 ICBV VN VX 980 VINH LONG VietinBank Vinh Long Branch 143B Le Thai To, Vinh Long Town 070-3824180 ICBV VN VX 800 VietinBank Vinh Phuc Branch No.4 Ngo Quyen, Vinh Yen Town, Vinh Phuc 0211-3862760 ICBV VN VX 246 VietinBank Phuc Yen Branch No.4 Trn Hung Dao Str., Phuc Yen Town, Vinh Phuc 0211-3868388 ICBV VN VX 260 VietinBank Binh Xuyen Branch Zone No.1, Huong Canh Town, Binh Xuyen, Vinh Phuc 0211-3887737 ICBV VN VX 262 VietinBank Quang Minh Industrial Zone Branch Km9 Thang Long Highway, Noi Bai, Me Linh, Vinh Phuc 0211-3882798 ICBV VN VX 264 TAY NINH THAI BINH THAI NGUYEN THANH HOA THUA THIEN HUE TIEN GIANG VINH PHUC Annual Report 51 Annual Report 52 Subsidiaries VietinBank Leasing Company 16 Phan Dinh Phung Str., Hanoi Tel:+84.4.38233045 VietinBank Securities Company Ltd 306 Ba Trieu Str., Hanoi Tel:+84.4.39741764 VietinBank Real Estate and Financial Investment Company 76 Nguyen Van Cu Str., Dist 1, HCM City Tel:+84.8.38399049 Indovina Bank 36 Ton That Dam Str., Dist 1, Ho Chi Minh City Tel: +84.8.38230130 VietinBank Insurance Company 141 Le Duan Str., Hanoi Tel: +84.4.39425650 Joint Ventures Non-profit Making Units VietinBank Training Center 133 Kim Ma Str., Hanoi Tel:+84.4.37332313 VietinBank IT Center 46A Tang Bat Ho Str., Hanoi Tel:+84.4.39712330 VietinBank Trade Union 27 Phu Dong Thien Vuong Str., Hanoi Tel:+84.4.39436642 Major Correspondent Banks ANZ Banking Group Ltd Commonwealth Bank AUSTRALIA National Australia Bank Westpac Banking Corporation St George Bank Ltd Bank Austria Creditanstalt BAWAG P.S.K AUSTRIA Erste Bank Oberbank AG Osterreichische Volksbanken AG Raiffeisen Zentralbank Osterreich (RZB) BAHRAIN BELARUS Arab Banking Corporation PBS-BANK Belarus Bank Dexia Bank Belgium BELGIUM ING Belgium Fortis Bank KBC Bank BRAZIL BULGARIA CAMBODIA Banco Itau Banco Santander Banespa S.A Raiffeisenbank (Bulgaria) EAD Unicredit Bulbank AD Cambodian Public Bank Canadia Bank Bank of Montreal Caisse Centrale Desjardins Canadian Imperial Bank of Commerce CANADA National Bank of Canada Royal Bank of Canada The Bank of Nova Scotia Toronto Dominion Bank Annual Report 53 Annual Report 54 Major Correspondent Banks (continued) Agriculture Bank of China Bank of China China Construction Bank China Development Bank CHINA China Everbright Bank China Merchants Bank Co Ltd Guang Dong Development Bank Industrial and Commercial Bank of China Ningbo Commercial Bank CUBA CYPRUS Banco Internacional de Comercio S.A Banco National de Cuba Bank of Cyprus Ceska Sporitelna AS Ceskoslovenska Obchodni Banka AS CZECH REPUBLIC Komerci Banca AS Raiffeisenbank AS Unicredit Bank Czech Republic AS DENMARK FIJI Danske Bank AS Nordea Bank Denmark AS ANZ Bank Nordea Bank Finland Plc FINLAND Pohjola Bank Sampo Bank Plc BNP Parisbas Credit Agricole Calyon Credit Industriel et Commercial (CIC) FRANCE Credit Lyonnais Natixis Societe Generale Union de Banques Arabes et Francaises (UBAF) Banques Federative du Credit Mutuel Major Correspondent Banks (continued) Bayerische Hypo-und Vereinsbank AG Bayerische Landesbank Berenberg Bank BHF Bank Commerzbank AG Deutsche Bank AG Dresdner Bank AG GERMANY DZ Bank AG HSH Nordbank AG Hamburger Sparkasse AG Landesbank Baden Wurttemberg Landesbank Berlin AG Nassauiche Sparkasse West LB AG WGZ Bank AG Yapi Kredi Bank (Deutschland) GREECE National Bank of Greece SA Delta Asia Financial Group Ltd HONGKONG Hang Seng Bank HSBC The Hongkong Chinese Bank Ltd Budapest Credit & Development Bank Nyrt HUNGARY CIB Bank Zrt OTP Bank Plc Unicredit Bank Hungary Zrt Canara Bank INDIA ICICI Bank State Bank of India Union Bank of India Annual Report 55 Annual Report 56 Major Correspondent Banks (continued) Bank Central Asia INDIA Bank Mandiri Bank Negara Indonesia INDIA IRELAND ISRAEL Lippo Bank Bank of Ireland Allied Irish Bank Bank Hapoalim BM Banca Agricola Mantovana SpA Banca Monte dei Paschi di Siena Banca Nazionale del Lavoro Banca Popolare di Bergamo SpA Banca Popolare di Vicenza ITALY Banca Toscana SpA Banco Popolare Cassa di Risparmio in Bologna San Paolo SpA Unicredito Unicredit Banca di Roma SpA Aozora Bank Bank of Fukuoka Hokuriku Bank Mizuho Bank Mizuho Corporate Bank JAPAN Norinchukin Bank Resona Bank Saitama Resona Bank Shinkin Central Bank Sumitomo Mitsui Banking Corporation The Bank of Tokyo Mitsubishi UFJ Ltd Major Correspondent Banks (continued) Eximbank of Korea Industrial Bank of Korea Jeju Bank Kookmin Bank KOREA Korea Development Bank Korea Exchange Bank Pusan Bank Shinhan Bank Woori Bank Al Ahli Bank of Kuwait Ksc KUWAIT Commercial Bank of Kuwait National Bank of Kuwait S.A.K LAOS Banque pour le Commerce Exterieur Lao CIMB Bank Berhad Hongleong Bank MALAYSIA Malayan Banking Berhad Public Bank Berhad RHB Bank MONGOLIA Trade and Development Bank of Mongolia Zoo Bank MOROCCO Attijariwata Bank MYANMAR Myanmar Foreign Trade Bank ING Bank NV NETHERLANDS Rabobank Netherland F Van Lanschot Bankiers NV NEW ZEALAND NORWAY Bank of New Zealand The National Bank of New Zealand Nordea Bank Norge ASA DnB NOR Bank Annual Report 57 Annual Report 58 Major Correspondent Banks (continued) PAPUA NEW GUINEA PHILIPPINES ANZ Bank Bank of the Philippine Islands Philippine National Bank Bank BPH SA Bank Ochrony Srodowiska SA POLAND Bank Polska kasa Opieki SA Bank Handlowy Warszawie SA ING Bank Slaski S.A Banco BPI SA PORTUGAL Caixa Geral de Depositos SA Banco Comercial Portugues QATAR Qatar National Bank SAQ ROMANIA Banca Comerciala Romana SA Bank for Foreign Economic Affairs Bank for Foreign Trade of Russia RUSSIAN FEDERATION International Bank for Economic Cooperation International Moscow Bank Savings Bank of the Russian Federation SAUDI ARABIA Al Rajhi Bank DBS Bank SINGAPORE OCBC Bank United Overseas Bank SLOVAKIA Tatra Bank Vseobecna Uverova Banka AS ABSA Bank SOUTH AFRICA First Rand Bank Ltd The Standard Bank of South Africa Ltd Major Correspondent Banks (continued) Bankinter SA Banco Bilbao Vizcaya Argentaria Banco Espanol de Credito SPAIN Banco Popular Espanol Banco de Sabadell SA Banco Santander Central Hispano Caja de Ahorros Y Pensiones de Barcelona SRI LANKA People’s Bank Nordea Bank Sweden AB SWEDEN Skandinaviska Enskilda Banken AB Svenska Handelsbanken Banque Cantonale de Geneva Banque de Commerce et de Placements SWITZERLAND Credit Suisse UBS AG Zurcher Kantonalbank TANZANIA FBME Bank Ltd Bank of Communication Bank of Shanghai Bank of Taiwan Bank Sinopac Cathay United Bank Chinatrust Commercial Bank Chinfon Commercial Bank TAIWAN Citic Ka Wah Hua Nan Commercial Bank First Commercial Bank Grand Commercial Bank Mega ICBC Shanghai Commercial Bank Taipei Fubon Bank Winghang Bank Annual Report 59 Annual Report 60 Major Correspondent Banks (continued) Bangkok Bank Bank of Ayudhya Bank Thai Public Ltd THAILAND Export-Import Bank of Thailand Krung Thai Bank Kasikornbank Siam Commercial Bank Thai Military Bank Ltd Barclays Bank HSBC Bank Plc UNITED KINGDOM Lloyds TSB Bank National Westmin ster Bank Standard Chartered Bank Arab Banking Corporation UNITED ARABS EMITES Mashreqbank National Bank of Dubai Bank of America NA Citi Bank NA Cobank JP Morgan Chase Bank UNITED STATES The Bank of New York Mellon US Bank Union Bank of California NA Wachovia Bank NA Wells Fargo Bank Corporate Information HEAD OFFICE 108 Tran Hung Dao Str., Hanoi, Vietnam Tel : 84.4.39421030 Fax : 84.4.39421032 Swift : ICBV VN VX Website : www.vietinbank.vn FINANCIAL INSTITUTIONS DEPARTMENT 108 Tran Hung Dao Str., Hanoi, Vietnam Tel : 84.4.39421186, 39421191 Fax : 84.4.39421143 Email : fi@vietinbank.vn VIETINBANK MAIN OPERATION CENTER 108 Tran Hung Dao Str., Hanoi, Vietnam Tel : 84.4.39421108 Fax : 84.4.39410925 Email : haiph@vietinbank.vn MAIN TRANSACTION OFFICE No 34 Hai Ba Trung Str., Hanoi, Vietnam Tel : 84.4.39349590 Fax : 84.4.38257308 Email : icbt106@hn.vnn.vn REPRESENTATIVE OFFICES 79 Ham Nghi Str., Dist 1, Ho Chi Minh City, Vietnam Tel : 84.8.38210502 MAIN TRANSACTION OFFICE No 79 Ham Nghi Str., Dist Ho Chi Minh City, Vietnam Tel : 84.8.38290491 Fax : 84.4.38295342 36 Tran Quoc Toan Str., Hai Chau Dist Da Nang City, Vietnam Tel : 84.511.3843037 VietiBank Management Team HỘI SỞ CHÍNH 108 Trần Hưng Đạo, Hà Nội Điện thoại : 04.3942 1030 Fax : 04.3942 1032 Website : www.vietinbank.vn ... Vietinbank Brand Identity On 14 April 2008, Vietnam Bank for Industry and Trade officially launched its new brandname «VietinBank» to replace its former brandname Incombank Legal name Ngân Hàng Công. .. of Vietnam Bank for Industry and Trade and its subsidiaries as at and for the year ended 31 December 2007 To: The Board of Directors and Board of Management of Vietnam Bank for Industry and Trade. .. Ngân Hàng Công Thương Việt Nam English full name Vietnam Bank for Industry and Trade Brandname VietinBank Slogan Improving the Values of Life Logo Annual Report 27 VietinBank’s New Brand Identity