Information about the Company
LienVietPostBank, formerly known as LienVietBank, was established in March 2008. In 2011, LienVietBank changed its name to Lien Viet Post Joint Stock Commercial Bank shortened as LienVietPostBank and became the first postal bank in Vietnam. This merger was one of the most notable M&A events in Vietnam at that time.
The Bank’s vision is to become the leading Retail Bank of Vietnam – A bank for everyone. It aims to provide Clients and Society with diversified high-quality products and services towards bringing the greatest benefits to LienVietPostBank and Society.
By 31st December 2021, the Bank’s customer base has reached more than 6 million clients. The chartered capital is VND12,035,905 million (USD528 million) and the Owner’s equity surpassed USD737 million.
Company Culture & Company Activities
“Integrate social responsibility into business” is LienVietPostBank’s long-term business awareness over the last 14 years. LienVietPostBank and its founders have proactively contributed trillions of VND to the community and society through various social programs and activities, focusing on 5 pillars.
The Bank spent more than 60% on Education. Over 140 schools were sponsored for construction. It founded and sponsored 7 huge Study Promotion Funds and other 34 scholarship programs and funds.
It also spent more than USD15.5 million on poverty alleviation, heroic mothers, relatives of martyrs, and wounded soldiers; more than USD12.9 million on healthcare; more than USD8.6 million on sports and cultural activities; more than USD4.3 million on infrastructure.
LienVietPostBank's corporate culture revolves around 3 Core Values, namely Discipline, Creativity, and Humanity. Humanity is expressed through the Bank's charitable activities and contributions made throughout the past time. Charity activities focus a lot on education and training because LienVietPostBank identifies the human factor as the key. Human values are expressed through comprehensive care for the material and spiritual life of employees, such as salary, bonuses, family day programs, and ESOP programs.
LienVietPostBank, formerly known as LienVietBank, was established in March 2008. In 2011, LienVietBank changed its name to Lien Viet Post Joint Stock Commercial Bank shortened as LienVietPostBank and became the first postal bank in Vietnam. This merger was one of the most notable M&A events in Vietnam at that time.
The Bank’s vision is to become the leading Retail Bank of Vietnam – A bank for everyone. It aims to provide Clients and Society with diversified high-quality products and services towards bringing the greatest benefits to LienVietPostBank and Society.
By 31st December 2021, the Bank’s customer base has reached more than 6 million clients. The chartered capital is VND12,035,905 million (USD528 million) and the Owner’s equity surpassed USD737 million.
Company Culture & Company Activities
“Integrate social responsibility into business” is LienVietPostBank’s long-term business awareness over the last 14 years. LienVietPostBank and its founders have proactively contributed trillions of VND to the community and society through various social programs and activities, focusing on 5 pillars.
The Bank spent more than 60% on Education. Over 140 schools were sponsored for construction. It founded and sponsored 7 huge Study Promotion Funds and other 34 scholarship programs and funds.
It also spent more than USD15.5 million on poverty alleviation, heroic mothers, relatives of martyrs, and wounded soldiers; more than USD12.9 million on healthcare; more than USD8.6 million on sports and cultural activities; more than USD4.3 million on infrastructure.
LienVietPostBank's corporate culture revolves around 3 Core Values, namely Discipline, Creativity, and Humanity. Humanity is expressed through the Bank's charitable activities and contributions made throughout the past time. Charity activities focus a lot on education and training because LienVietPostBank identifies the human factor as the key. Human values are expressed through comprehensive care for the material and spiritual life of employees, such as salary, bonuses, family day programs, and ESOP programs.
Cooperation for Development
Achievements & Impact
In 2021, LienVietPostBank managed its business with security, efficiency with management capacity building, and human resources improvement. The Bank's total assets reached more than VND289,000 billion, an increase of 19% compared to 2020. Its cumulative pre-tax profit gained VND3,638 billion, an increase of 50% compared to 2020.
The Bank’s Loan Outstanding Balance reached VND209,029 billion, raising 18,08% compared to 2020. Retail credit growth accounted for 74% of the total credit growth of the year. Its Net Income from Services is VND858 billion, which is an increase of nearly 40% compared to 2020.
It has 556 bank-own branches/transaction offices and 613 postal transaction offices across all the 63 cities and provinces in Vietnam. In 2021, the Bank recruited 2,048 new employees for units across 63 provinces and cities, bringing the total number of employees up to 10,649.
To overcome all difficulties and challenges and achieve these positive results, the Bank planned and implemented synchronous solutions many years ago. Key solutions include expanding the network; investing significantly in IT infrastructure to realize powerful digital transformation; focusing on retail, prioritizing agriculture and rural areas, providing a wide range of products and services, promoting digital banking products and services, collection programs, and strengthening partnerships and cooperation with Partners; promoting and spreading the corporate culture; strengthening training for all employees from senior managers to newly recruited specialists.
Future Direction
Entering 2022 with a new position and forces, LienVietPostBank is ready to implement 7 key missions of the business development plan by the given strategies, which are to develop a stable retail deposit growth to increase the CASA rate, to increase credit growth within the permitted limit, boost retail credit rate, and prioritize developing sectors as encouraged by SBV, and to diversify sources of revenue, increase the contribution portion of non-credit segments, emphasizing international payment activities and foreign currency trading. Furthermore, LienVietPostBank will negotiate the exclusive insurance distribution agreement to launch in 2022, continue the risk management capacity building as per international standards and enhance the control of credit quality. Besides, it will implement digital transformation and apply advanced technology in the banking operation digitization, and raise human resource quality and labor productivity.
In 2021, LienVietPostBank managed its business with security, efficiency with management capacity building, and human resources improvement. The Bank's total assets reached more than VND289,000 billion, an increase of 19% compared to 2020. Its cumulative pre-tax profit gained VND3,638 billion, an increase of 50% compared to 2020.
The Bank’s Loan Outstanding Balance reached VND209,029 billion, raising 18,08% compared to 2020. Retail credit growth accounted for 74% of the total credit growth of the year. Its Net Income from Services is VND858 billion, which is an increase of nearly 40% compared to 2020.
It has 556 bank-own branches/transaction offices and 613 postal transaction offices across all the 63 cities and provinces in Vietnam. In 2021, the Bank recruited 2,048 new employees for units across 63 provinces and cities, bringing the total number of employees up to 10,649.
To overcome all difficulties and challenges and achieve these positive results, the Bank planned and implemented synchronous solutions many years ago. Key solutions include expanding the network; investing significantly in IT infrastructure to realize powerful digital transformation; focusing on retail, prioritizing agriculture and rural areas, providing a wide range of products and services, promoting digital banking products and services, collection programs, and strengthening partnerships and cooperation with Partners; promoting and spreading the corporate culture; strengthening training for all employees from senior managers to newly recruited specialists.
Future Direction
Entering 2022 with a new position and forces, LienVietPostBank is ready to implement 7 key missions of the business development plan by the given strategies, which are to develop a stable retail deposit growth to increase the CASA rate, to increase credit growth within the permitted limit, boost retail credit rate, and prioritize developing sectors as encouraged by SBV, and to diversify sources of revenue, increase the contribution portion of non-credit segments, emphasizing international payment activities and foreign currency trading. Furthermore, LienVietPostBank will negotiate the exclusive insurance distribution agreement to launch in 2022, continue the risk management capacity building as per international standards and enhance the control of credit quality. Besides, it will implement digital transformation and apply advanced technology in the banking operation digitization, and raise human resource quality and labor productivity.
CORPORATE EXCELLENCE CATEGORY
LienVietPostBank
Information about the Company
LienVietPostBank, formerly known as LienVietBank, was established in March 2008. In 2011, LienVietBank changed its name to Lien Viet Post Joint Stock Commercial Bank shortened as LienVietPostBank and became the first postal bank in Vietnam. This merger was one of the most notable M&A events in Vietnam at that time.
The Bank’s vision is to become the leading Retail Bank of Vietnam – A bank for everyone. It aims to provide Clients and Society with diversified high-quality products and services towards bringing the greatest benefits to LienVietPostBank and Society.
By 31st December 2021, the Bank’s customer base has reached more than 6 million clients. The chartered capital is VND12,035,905 million (USD528 million) and the Owner’s equity surpassed USD737 million.
Company Culture & Company Activities
“Integrate social responsibility into business” is LienVietPostBank’s long-term business awareness over the last 14 years. LienVietPostBank and its founders have proactively contributed trillions of VND to the community and society through various social programs and activities, focusing on 5 pillars.
The Bank spent more than 60% on Education. Over 140 schools were sponsored for construction. It founded and sponsored 7 huge Study Promotion Funds and other 34 scholarship programs and funds.
It also spent more than USD15.5 million on poverty alleviation, heroic mothers, relatives of martyrs, and wounded soldiers; more than USD12.9 million on healthcare; more than USD8.6 million on sports and cultural activities; more than USD4.3 million on infrastructure.
LienVietPostBank's corporate culture revolves around 3 Core Values, namely Discipline, Creativity, and Humanity. Humanity is expressed through the Bank's charitable activities and contributions made throughout the past time. Charity activities focus a lot on education and training because LienVietPostBank identifies the human factor as the key. Human values are expressed through comprehensive care for the material and spiritual life of employees, such as salary, bonuses, family day programs, and ESOP programs.
LienVietPostBank, formerly known as LienVietBank, was established in March 2008. In 2011, LienVietBank changed its name to Lien Viet Post Joint Stock Commercial Bank shortened as LienVietPostBank and became the first postal bank in Vietnam. This merger was one of the most notable M&A events in Vietnam at that time.
The Bank’s vision is to become the leading Retail Bank of Vietnam – A bank for everyone. It aims to provide Clients and Society with diversified high-quality products and services towards bringing the greatest benefits to LienVietPostBank and Society.
By 31st December 2021, the Bank’s customer base has reached more than 6 million clients. The chartered capital is VND12,035,905 million (USD528 million) and the Owner’s equity surpassed USD737 million.
Company Culture & Company Activities
“Integrate social responsibility into business” is LienVietPostBank’s long-term business awareness over the last 14 years. LienVietPostBank and its founders have proactively contributed trillions of VND to the community and society through various social programs and activities, focusing on 5 pillars.
The Bank spent more than 60% on Education. Over 140 schools were sponsored for construction. It founded and sponsored 7 huge Study Promotion Funds and other 34 scholarship programs and funds.
It also spent more than USD15.5 million on poverty alleviation, heroic mothers, relatives of martyrs, and wounded soldiers; more than USD12.9 million on healthcare; more than USD8.6 million on sports and cultural activities; more than USD4.3 million on infrastructure.
LienVietPostBank's corporate culture revolves around 3 Core Values, namely Discipline, Creativity, and Humanity. Humanity is expressed through the Bank's charitable activities and contributions made throughout the past time. Charity activities focus a lot on education and training because LienVietPostBank identifies the human factor as the key. Human values are expressed through comprehensive care for the material and spiritual life of employees, such as salary, bonuses, family day programs, and ESOP programs.
Cooperation for Development
Achievements & Impact
In 2021, LienVietPostBank managed its business with security, efficiency with management capacity building, and human resources improvement. The Bank's total assets reached more than VND289,000 billion, an increase of 19% compared to 2020. Its cumulative pre-tax profit gained VND3,638 billion, an increase of 50% compared to 2020.
The Bank’s Loan Outstanding Balance reached VND209,029 billion, raising 18,08% compared to 2020. Retail credit growth accounted for 74% of the total credit growth of the year. Its Net Income from Services is VND858 billion, which is an increase of nearly 40% compared to 2020.
It has 556 bank-own branches/transaction offices and 613 postal transaction offices across all the 63 cities and provinces in Vietnam. In 2021, the Bank recruited 2,048 new employees for units across 63 provinces and cities, bringing the total number of employees up to 10,649.
To overcome all difficulties and challenges and achieve these positive results, the Bank planned and implemented synchronous solutions many years ago. Key solutions include expanding the network; investing significantly in IT infrastructure to realize powerful digital transformation; focusing on retail, prioritizing agriculture and rural areas, providing a wide range of products and services, promoting digital banking products and services, collection programs, and strengthening partnerships and cooperation with Partners; promoting and spreading the corporate culture; strengthening training for all employees from senior managers to newly recruited specialists.
Future Direction
Entering 2022 with a new position and forces, LienVietPostBank is ready to implement 7 key missions of the business development plan by the given strategies, which are to develop a stable retail deposit growth to increase the CASA rate, to increase credit growth within the permitted limit, boost retail credit rate, and prioritize developing sectors as encouraged by SBV, and to diversify sources of revenue, increase the contribution portion of non-credit segments, emphasizing international payment activities and foreign currency trading. Furthermore, LienVietPostBank will negotiate the exclusive insurance distribution agreement to launch in 2022, continue the risk management capacity building as per international standards and enhance the control of credit quality. Besides, it will implement digital transformation and apply advanced technology in the banking operation digitization, and raise human resource quality and labor productivity.
In 2021, LienVietPostBank managed its business with security, efficiency with management capacity building, and human resources improvement. The Bank's total assets reached more than VND289,000 billion, an increase of 19% compared to 2020. Its cumulative pre-tax profit gained VND3,638 billion, an increase of 50% compared to 2020.
The Bank’s Loan Outstanding Balance reached VND209,029 billion, raising 18,08% compared to 2020. Retail credit growth accounted for 74% of the total credit growth of the year. Its Net Income from Services is VND858 billion, which is an increase of nearly 40% compared to 2020.
It has 556 bank-own branches/transaction offices and 613 postal transaction offices across all the 63 cities and provinces in Vietnam. In 2021, the Bank recruited 2,048 new employees for units across 63 provinces and cities, bringing the total number of employees up to 10,649.
To overcome all difficulties and challenges and achieve these positive results, the Bank planned and implemented synchronous solutions many years ago. Key solutions include expanding the network; investing significantly in IT infrastructure to realize powerful digital transformation; focusing on retail, prioritizing agriculture and rural areas, providing a wide range of products and services, promoting digital banking products and services, collection programs, and strengthening partnerships and cooperation with Partners; promoting and spreading the corporate culture; strengthening training for all employees from senior managers to newly recruited specialists.
Future Direction
Entering 2022 with a new position and forces, LienVietPostBank is ready to implement 7 key missions of the business development plan by the given strategies, which are to develop a stable retail deposit growth to increase the CASA rate, to increase credit growth within the permitted limit, boost retail credit rate, and prioritize developing sectors as encouraged by SBV, and to diversify sources of revenue, increase the contribution portion of non-credit segments, emphasizing international payment activities and foreign currency trading. Furthermore, LienVietPostBank will negotiate the exclusive insurance distribution agreement to launch in 2022, continue the risk management capacity building as per international standards and enhance the control of credit quality. Besides, it will implement digital transformation and apply advanced technology in the banking operation digitization, and raise human resource quality and labor productivity.