Business assistance

As Vietnam has officially entered WTO, the integration has brought both opportunities and challenges to domestic banks, particularly commercial joint-stock banks. How to take advantage of this opportunity and passed over challenges has remained a difficult question for the banks.

As compared to foreign banks which have already and are about to be available in the market, it’s undeniable that domestic banks have their own advantages including a wide branch network and a large number of traditional customers. When investing in Viet Nam, it would take the foreign banks a long time to master the need of customers and business customs in Viet Nam. Domestic banks however are also facing many challenges. Financial capacity, strong human resources and international standard management capacity are the key factors determining the competitiveness of domestic banks.

VIB Bank has gradually built up its prestige in the market. To increase its competitiveness, VIB Bank underwent restructuring towards a modern bank with technology modernization and upgraded the staff’s professional skills in order to become the leading bank in terms of services quality.