Vietnam Foreign Trade Joint Stock Commercial Bank (Vietnamese: Ngân Hà Ng Thng Mi Cphn Ngo I Thng Vit Nam/
History
The Predecessor Of The Vietnam Foreign Trade Joint Stock Commercial Bank Was The Vietnam Foreign Trade Bank Established On April 1, 1963. It Was Originally A Branch Of The Foreign Exchange Bureau Of The State Bank Of Vietnam, Specializing In Foreign Trade Banking Business And Supporting The War In North Vietnam. In 1990, In Line With Market-oriented Reforms, It Was Restructured Into A Joint Stock Commercial Bank.
In 2008, In Response To The Privatization Policy Of State-owned Enterprises Implemented By The Vietnamese Government, Foreign Trade Bank Was Listed On The Ho Chi Minh City Stock Exchange On June 30, 2009. The Initial Public Offering Raised 652 Million US Dollars. At That Time, It Was The Largest Initial Public Offering Company In Vietnam's History.
In 2011, Japan's Mizuho Bank Bought A 15% Stake In VTB Bank For 11.80 Trillion Dong (567.30 Million USD)
