Lien Viet Post Joint Stock Commercial Bank (LienVietPostBank), formerly known as Lien Viet Commercial Joint Stock Bank (LienVietBank), was established under the Establishment and Operation License No. 91 / GP-NHNN dated March 28, 2008 of the Governor of the State Bank of Vietnam.
In 2011, with Vietnam Post Corporation (now Vietnam Post Corporation) contributing to LienVietBank’s capital by the value of the Postal Savings Service Company (VPSC) and in cash, Lien Viet Bank was approved by the Prime Minister and the Governor of the State Bank of Vietnam to change its name to Lien Viet Post Commercial Joint Stock Bank.
Over 11 years of continuous efforts, LienVietPostBank has achieved great strides on its development journey. From a bank with an initial chartered capital of VND 3,300 billion and a modest number of Branches/Transaction Offices concentrated in only some major cities, as of August 14, 2019, LienVietPostBank has gained significant achievements.
LienVietPostBank, having reached VND 7,563 billion as of December 31, 2018, is a bank with healthy operations, sustainable growth & development, safety and efficiency. Overcoming the common difficulties of the economy as well as the banking industry in recent years, LienVietPostBank has steadily grown its scale through growth in equity, total assets, mobilization, and outstanding loans. In addition, LienVietPostBank still maintains capital adequacy and credit safety indicators, ensuring compliance with the regulations of the State Bank on capital and credit safety
Vi Viet is a product developed by LienVietPostBank. It is an online payment gateway, a non-cash payment facility and a banking service which serves people of all classes. With lots of modern features, Vi Viet’s customers can be able to pay bills, online shopping, recharge mobile phones, transfer money, recharge/withdrawal, perform banking services (saving, loans secured by savings books, account query…) easily, safely and conveniently through devices connecting to the Internet such as: smartphones, tablets,…
Vi Viet provides 24/7 online banking products and services such as: savings deposit, mortgage loan, savings deposit, interbank transfer … 24/7 online payment: payment of electricity and water bills , telecommunication, insurance, service fees, tuition, phone recharge, buy air tickets, train tickets, online shopping … look up payment accounts, savings, ATM Card transactions, cards credit and a lot of other utilities …
By the end of August 2019, Vi Viet had more than 32,000 payment acceptance points with more than 2.6 million Vi Viet users nationwide. LienVietPostBank’s development strategy for Vi Viet is to become a “digital bank”, contributing to making LienVietPostBank a “everyone’s bank”.