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INTRODUCTION

Lien Viet Post Joint Stock Commercial Bank or LienVietPostBank, formerly known as LienVietBank, is established under Operation License No. 91/GP-NHNN on 28th March 2008 issued by the Governor of the State Bank of Vietnam. LienVietPostBank is a private Vietnamese retail bank providing banking products and services through its own transaction offices across 51 cities and provinces and 1,029 postal transaction offices nationwide.

LienVietPostBank is considered to be in the top 10 biggest private banks in terms of assets and equity, in the list of Top 100 Vietnam strong brands 2014 (for 4 years consecutively) and ranked 45th in VNR500 - Top 500 largest private companies in Vietnam in 2014.

In July 2011, Vietnam Post Corporation (VNPost) became the Bank’s biggest shareholder by contributing capital to the Bank equal to the value of the Vietnam Postal Saving Service Company (VPSC) and in cash. This merger was one of the most notable M&A events in Vietnam at that time and was a milestone in the development of the Bank. The Bank then changed its name to Lien Viet Post Joint Stock Commercial Bank and became the first Postal Bank in Vietnam.

Besides, LienVietPostBank and VNPost signed a 50-year-co-operation agreement which allows LienVietPostBank to be an exclusive bank in providing postal saving services and other banking services throughout the network of more than 10,000 post offices of VNPost. This gives LienVietPostBank the opportunity to be present in 63 cities and provinces with 90% coverage at communal level around the country and take advantage of the huge customer base of more than 400,000 individual clients.

The Bank is striving to become a leading retail and universal bank in Vietnam -“A bank for everyone”- by focusing on providing banking products and services for individuals, households and small and medium enterprises (SMEs) especially in the agriculture sector, and expanding its activities to rural and remote areas via the post office network.

HISTORY

Mar 2008

Received operation license from the SBV (formerly known as Lien Viet Joint-stock Commercial Bank).
May 2008
Opened the first branch in Hau Giang Province.
Sep 200


Established LienVietBank’s E-Banking.
Oct 200
Increased chartered capital to USD 193 million.
Jul 2011
Merged with Vietnam Postal Savings Company (VPSC), and changed name to LienVietPostBank.

Became a member of the World Savings & Retail Banking Institute (WSBI).
Sep 2011
Integrated LienVietPostBank’s ATM system into the biggest ATM network of Vietnam – Smartlink.
Jan 2014
Ranked 39th in the TOP 500 biggest private enterprises in Vietnam according to VNR500 2013.
Jun 2014
Launched LienVietPostBank MasterCard International Debit Card.
Dec 2014
Awarded with “Best CSR Bank in Vietnam 2014” and “Best Savings Bank Vietnam 2014” by Global Banking and Finance Review.
Consists of 91 own transaction points and 1,029 postal transaction offices across 51 cities and provinces in Vietnam.
June 2015
Relocated the Head Office from Hau Giang Province to Ho Chi Minh City.


MAJOR SHAREHOLDERS

1. Him Lam Joint Stock Company (14.98%)
2. Vietnam Post Corporation (VNPost, 12.54%).


BUSINESS PARTNERS
- VietnamPost Corporation
- Vietnam Bank for Agriculture and Rural Development (Agribank)
- French La Poste Group
- World Savings and Retail Banking Institute (WSBI)
- Oracle Financial Services Software Limited
- World Bank and International Finance Corporation (IFC)
- The Netherlands Development Finance Company (FMO)
- Asian Development Bank (ADB)
- Japan International Cooperation Agency (JICA)
- Wells Fargo
- JP Morgan Chase
- Credit Suisse
- Societe Generale
- Nomura Holdings
- The Export – Import Bank of the Republic of China (Eximbank Taiwan)

MISSION
To offer customers and society a wide range of products and services with excellent quality; To create maximum benefits for the Bank and the Society.

VISION
To become a leading retail bank in Vietnam – A bank for everyone.

BUSINESS STRATEGY
To be a retail and universal bank.

CORE VALUES
Discipline, creativity and humanit

BUSINESS PHILOSOPLY
- 3 core concepts:
+ Without People, the project is meaningless;
+ Without Client, the Bank is purposeless;
+ Without Conscience, Reputation, Talent and Vision, LienVietPostBank is useless.
- Shareholders: are the foundations of the Bank.
- Customers: are the benefactors of the Banks.
- Employees: are the strength of the Bank.
- Partners: are the companions of the Bank.
- Products and services: continuously to be innovated to offer what customers need instead of what the Bank has.
- Business awareness: fully comply with laws and regulations; integrate business and society.