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Change of senior personnel for a new period along with revision and amendment to the Bank’s Charter were the main contents of the 2018 General Shareholders’ Annual Meeting held by Lien Viet Post Joint Stock Commercial Bank (LienVietPostBank) in Hanoi.

In the General Shareholders’ Annual Meeting dated March 28th, 2018, the Bank has elected 8 members for the Board for a new period from 2018 to 2023, including 6 old members and 2 newly elected. Mr. Nguyen Dinh Thang was appointed as the new Chairman of LienVietPostBank, the former Chairman Mr. Nguyen Duc Huong resigned due to health issues.

Mr. Nguyen Van Huynh resigned from the Board of Directors due to busy working schedule. In substitution, Mr. Duong Cong Toan and Ms. Duong Hoai Lien were elected to the Board.

Prior to the new position, Mr. Nguyen Dinh Thang had held a key role in LienVietPostBank’s Board of Directors as Vice Chairman since 2017 and Head of Technology Committee since 2013. He joined the Bank for more than ten years since its establishment and has been a Board member since 2008. Mr. Nguyen Dinh Thang is the direct executive responsible for developing Vi Viet, the Bank’s innovative mobile payment solution.

2017 was a successful year for LienVietPostBank with outstanding growth in total assets (reached VND 163 trillion), revenue (with income before tax reached VND 1.7 trillion) and network expansion to 229 branches and transaction offices, along with 1,123 postal transaction offices. In 2018, the Bank is expected to continue its stellar performance and strive for even better results compared to the previous year.

LIENVIETPOSTBANK OVERVIEW



Lien Viet Post Joint Stock Commercial Bank or LienVietPostBank, formerly known as LienVietBank, operates under Banking License No. 91/GP-NHNN issued by the Governor of the State Bank of Vietnam on 28th March 2008.

In July 2011, Vietnam Post Corporation (VNPost) became the Bank’s major shareholderby contributing capital to the Bank equal to the total value of the Vietnam Postal Savings Service Company (VPSC) and 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.

Besides, LienVietPostBank and VNPost signed a 50-year cooperation agreement which allows LienVietPostBank to be the exclusive bank in providing postal savings services and other banking services throughout more than 10,000 post offices of VNPost LienVietBank then changed its name to Lien Viet Post Joint Stock Commercial Bank and became the first postal bank in Vietnam.
. 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 over 1.5 million individual client accounts.

After 10 years of operation, LienVietPostBank is now in the top 10 largest private banks in terms of assets, in the list of Top 100 Vietnam strong brands for 4 years consecutively and ranked 42nd in VNR500 - Top 500 largest private companies in Vietnam in 2017. By March 2018, LienVietPostBankis providing banking products and services through out267bank-own branches/transaction offices and 1,110 postal transaction offices across all the 63 cities and provinces in Vietnam.

The Bank has been 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, expanding its activities to rural and remote areas via the post office network.

HISTORY

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 implement the strategy “NEW – BIG – TRANSFERANCE – SAFE” to level up LienVietPostBank, focusing on 4 main pillars: Total assets, Human resource management, Modernization and Management following international standard.

New:
- New ideas and actions for development.
- Compete on the fingertip, driving Banking operation toward the Fourth Industrial Revolution (Industry 4.0).

Big:
Accelerate and professionalize the four pillars above.

Transparent:
Fully comply with laws and regulations, listing on the stock exchange.

Safe:
- Respect the required indicators in Vietnam and on the international market.
- Follow the Bank’s culture: Do not do the wrong thing, only do the right thing.
- All operations ensure good risk management.

CORE VALUES
Discipline, creativity and humanity

BUSINESS PHILOSOPHY
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 Bank. 
- Customers are not always right but always remain customer!

Employees: Are the strength of the Bank. 
- Take good care of employees’ lives under the motto “Live well with salary, get rich with allowances”.

Attitude to competition:
- Competitiveness is the key measure of corporate health.
- LienVietPostBank only has partners, not competitors.

Products and services: 
- Are continuously revised to offer what customers need instead of what are available at the bank.
- Are modernized towards Mobile Bank model.

Business awareness:
- Fully comply with laws and regulations; Integrate society into business.
- The key to success is to find business defects to complete and upgrade.

MAJOR SHAREHOLDERS
Vietnam Post Corporation (11.45%).

BUSINESS PARTNERS

 

Vietnam Post Corporation

www.vnpost.vn

 

Vietnam Bank for Agriculture and Rural Development (Agribank)

www.agribank.com.vn

 

French La Poste Group

www.laposte.fr

 

World Savings and Retail Banking Institute (WSBI)

www.savings-banks.org

United Nations Capital Development Funds

www.uncdf.org

 

Oracle Financial Services Software Limited

www.oracle.com

 

World Bank and International Finance Corporation (IFC)

www.ifc.org

 

The Netherlands Development Finance Company (FMO)

www.fmo.nl

 

Asian Development Bank (ADB)

www.adb.org

 

Japan International Cooperation Agency (JICA)

www.jica.go.jp

 

Wells Fargo

www.wellsfargo.com

 

JP Morgan Chase

www.jpmorganchase.com

 

Credit Suisse

www.credit-suisse.com

 

Societe Generale

www.societegenerale.fr

 

Nomura Holdings

www.nomuraholdings.com

 

The Export – Import Bank of the Republic of China (Eximbank Taiwan)

www.eximbank.com.tw