Public Bank Vietnam Limited (PBVN) ( Vietnamese: Ngân hàng TNHH MTV Public Việt Nam) is a bank based in

Hanoi Hanoi or Ha Noi ( or ; vi, Hà Nội ) is the capital and second-largest city of Vietnam. It covers an area of . It consists of 12 urban districts, one district-leveled town and 17 rural districts. Located within the Red River Delta, Hanoi is ...

Vietnam Vietnam or Viet Nam ( vi, Việt Nam, ), officially the Socialist Republic of Vietnam,., group="n" is a country in Southeast Asia, at the eastern edge of mainland Southeast Asia, with an area of and population of 96 million, making i ...

, offering financial services in Vietnam. It was transformed from VID Public Bank (VIDPB) - a

joint venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acces ...

between

Bank for Investment and Development of Vietnam The Joint Stock Commercial Bank for Investment and Development of Vietnam ( vi, Ngân hàng Thương mại Cổ phần Đầu tư và Phát triển Việt Nam), commonly known as BIDV, is a Vietnamese state-owned bank in Vietnam. It is the coun ...

(BIDV) of Vietnam and

Public Bank Berhad Public Bank Berhad () is a bank based in Kuala Lumpur, Malaysia, offering financial services in Malaysia as well as the Asia-Pacific region. The bank was founded in 1966 by Teh Hong Piow, the then general manager of Malayan Banking. The bank ...

(PBB) of Malaysia () with equal stake established in May 1992. The transformation completed on March 24, 2016, and the bank officially commenced operations on April 1, 2016.

Background

VIDPB was one of the first joint-venture banks in Vietnam when it was established in May 1992. On July 15, 2014, PBB acquired all BIDV's stake in the joint-venture. On March 24, 2015,

State Bank of Vietnam The State Bank of Vietnam ( vi, Ngân hàng Nhà nước Việt Nam) is the central bank of Vietnam. It currently holds an about 65% stake of VietinBank - the country's largest listed bank by capital. History When Indochina was under French ...

(SBV) approved in principle that allow VIDPB to transform into a wholly owned subsidiary of PBB. After meeting all SBV's requirements, the bank was officially allowed to transform to Public Bank Vietnam Limited on March 24, 2016. After the transformation, it became the 6th bank with 100% foreign ownership in Vietnam (after HSBC Vietnam Limited, ANZ Vietnam Limited, Standard Chartered Bank Vietnam Limited, Shinhan Bank Vietnam Limited and Hong Leong Bank Vietnam Limited). Its current charter capital is of VND6 trillion. Stake acquisition ceremony

Operations

PBVN currently has a network of 17 branches, i.e. in

(5),

Haiphong Haiphong ( vi, Hải Phòng, ), or Hải Phòng, is a major industrial city and the third-largest in Vietnam. Hai Phong is also the center of technology, economy, culture, medicine, education, science and trade in the Red River delta. Haiphong wa ...

(1),

Da Nang Nang or DanangSee also Danang Dragons ( ; vi, Đà Nẵng, ) is a class-1 municipality and the fifth-largest city in Vietnam by municipal population. It lies on the coast of the East Sea of Vietnam at the mouth of the Hàn River, and is one ...

(2), Bình Dương (1), Đồng Nai (1) and

Ho Chi Minh City , population_density_km2 = 4,292 , population_density_metro_km2 = 697.2 , population_demonym = Saigonese , blank_name = GRP (Nominal) , blank_info = 2019 , blank1_name = – Total , blank1_ ...

(7). Besides, it also has 9 transaction bureaus, i.e. in

(2) and

(7). Currently, the bank serves millions of customers in 6 cities / provinces where it operates.

Main competitors

Joint Stock Commercial Bank for Foreign Trade of Vietnam Joint Stock Commercial Bank for Foreign Trade of Vietnam, commonly referred to as Vietcombank, is a commercial bank in Vietnam. Overview Vietcombank's headquarters are located in Hanoi, Vietnam. the bank had 116 branches and 474 transaction ...

(Vietcombank) *

(BIDV) *

Vietinbank Vietinbank (Vietnam Joint Stock Commercial Bank for Industry and Trade) ( vi, Ngân hàng Thương mại Cổ phần Công thương Việt Nam) is a state-owned Vietnamese bank. It has strategic partnerships with the International Finance Corporat ...

Vietnam Bank for Agriculture and Rural Development The Vietnam Bank for Agriculture and Rural Development or Agribank ( vi, Ngân hàng Nông nghiệp và Phát triển Nông thôn Việt Nam) is the largest commercial bank in Vietnam by total assets. It is a state-owned corporation under a spe ...

(Agribank)

External links

Official website
{{Vietnam-company-stub Banks of Vietnam Banks established in 1992 Companies based in Hanoi 1992 establishments in Vietnam