Partners: INDOVINA Bank


Our Bank

Indovina Bank Ltd. (IVB) is Vietnam’s first joint-venture bank established on 21 November 1990, under license No. 135/GP issued by the State Committee for Cooperation and Investment, and then operating under license No. 08/NH-GP dated 29 October 1992 issued by the State Bank of Vietnam. IVB with its Head Office in Ho Chi Minh City, 9 branches and 23 transaction offices and counters in Ha Noi, HCM City, Hai Phong, Da Nang, Can Tho, Binh Duong and Dong Nai, has become one of the foremost financial links for foreign companies investing and doing business in Vietnam.

IVB also participates actively in the economic development of Vietnam by providing diverse and good quality banking services to all customers throughout the country and abroad.

The joint-venture partners are Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) and Cathay United Bank in Taiwan (CUB). Equally contributed by the two shareholders, IVB’s chartered capital was USD193 million at the end of 2013.


Our People

IVB personnel have a wide variety of domestic and international experience and exposure. Beside English and Vietnamese, other language fluencies of the bank staff include Mandarin and Cantonese. Local personnel have been well trained and are familiar with international banking concepts essential for providing a high standard of service to our clientele.

Leading this well balance structure is a strong Board of Executives trained in international accounting principles, banking management, banking operations, international trade finance and foreign exchange. Additional support to Management comes from managers and officers with board experience in project finance, trade finance and other facilities to all types of customers.

As of 31 Dec 2013, total number of officer and staff was 694, of which Head Office 189, in Ha Noi Branch 101, in Dong Da Branch 73, in Hai Phong Branch 44, in Can Tho Branch 30, in Binh Duong Branch 55, in Dong Nai Branch 59, in Da Nang Branch 45, in Tan Binh Branch 35, in Cho Lon Branch 63.


Our Shareholders


CUB is a wholly-owned subsidiary of Cathay Financial Holdings Company, the largest financial holding company in Taiwan with total assets and shareholders equity of USD202.90 billion and USD9.52 billion respectively as of 31 December 2013.

CUB is one of the largest private banks in Taiwan. As of 31 December 2013, its total assets and shareholders equity were USD 65.34 billion and USD4.27 billion respectively. CUB consists of 165 domestic branches, 11 oversea offices and 125 transaction offices inside securities houses which are ranked top in terms of market share in Taiwan. CUB has extensive long-standing experience as the settlement bank for securities companies. In 2013, CUB was given outstanding credit ratings by many reputable rating agencies including a “twAA+” rated by Taiwan Ratings Corp., “A-” rated by Standard & Poor’s, and “A2” rated by Moody’s.



Vietinbank, established in 1988, is one of the leading commercial banks in Vietnam. As of 31 December 2013, its total owners equity was VND54,075 billion, total assets reached VND576,368 billion. Vietinbank has 1 Headquarter in Hanoi, 1 transaction center and a wide network of 148 branches, over 1,000 transaction offices/saving offices, 7 subsidiaries, 3 offshore branches, 1 joint venture company, 1 associated company, 4 administrative units and 2 representative offices nationwide, 1 representative office in Myanmar.


Our Services

As a joint venture bank, Indovina Bank receives strong and regular support from its prestigious shareholders, Viet Nam Joint Stock Commercial Bank for Industry and Trade and Cathay United Bank in Taiwan, in expanding the network to provide diverse banking and financial products to a wide range of clients. Since 2006, Indovina Bank has applied successfully Flexcube banking software that connects all its units online and helps to enhance its existing services to customers:

• Foreign and local currency deposits

• Foreign and local currency loans

• Bank Guarantee issuance

• Import L/C opening

• L/C advising and confirmation

• Documentary collection

• Bill negotiation and discounting

• Domestic and international remittances

• Foreign exchange

• Correspondence banking

• Debit card, ATM card service and credit card service (launching soon)

• Online banking service

• SMS banking and Bill payment service

• Other services as permitted by the State Bank of Vietnam.