Wallets/vietinbank
VietinBank / VietinBank iPay
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Overview
VietinBank (Vietnam Joint Stock Commercial Bank for Industry and Trade) is a Vietnam Big 4 state-controlled commercial bank + VietinBank iPay distinctive Vietnamese banking app [1, 2, vn-cro]. 2025 baseline: VietinBank iPay ranked among Big 4 banks, positioned 4th-7th in mobile banking app downloads on iOS in Vietnam; VietinBank has partnered with 2,000+ providers + brought 150+ features and services to VietinBank iPay; comprehensive financial services include investment in Open Funds + Bonds + Gold + account opening via eKYC; Oct 2013 Mobile Banking service launch (VietinBank Vietnamese pioneer Mobile Banking).
Distinctive VietinBank positioning [1, 2, 3]:
- Vietnam Big 4 state-controlled commercial bank by assets (alongside [[vietcombank]] + [[bidv]] + Agribank)
- VietinBank iPay distinctive Vietnamese banking app + 2,000+ partners + 150+ features and services
- VietinBank iPay ranked Big 4 banks 4th-7th in mobile banking app downloads on iOS in Vietnam
- Oct 2013 VietinBank Mobile Banking service launch (VietinBank Vietnamese pioneer Mobile Banking)
- Open Funds + Bonds + Gold investment + eKYC account opening distinctive Vietnamese banking innovations
- 1988 VietinBank founding as Vietnam Bank for Industry and Trade (Vietnamese state-controlled banking heritage)
History
Jul 26 1988 — Vietnam Bank for Industry and Trade founded as state-controlled Vietnamese commercial bank.
2008 — Vietnam Bank for Industry and Trade renamed Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) + 2009 HOSE IPO.
Oct 2013 — VietinBank Mobile Banking service launches (VietinBank Vietnamese pioneer Mobile Banking).
2017 — VietinBank iPay app launches.
2025: VietinBank iPay 2,000+ partners + 150+ features and services + ranked Big 4 banks 4th-7th in iOS mobile banking app downloads [1, 2].
Ownership & operator
Operating entity: Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank; HOSE: CTG).
Major shareholders: SBV (State Bank of Vietnam) ~64% controlling state shareholder + MUFG Bank (Mitsubishi UFJ Financial Group; Japanese banking parent) ~19.7% strategic + Vietnamese institutional + Vietnamese retail public float.
Regulator: SBV (State Bank of Vietnam).
Technical integration
VietinBank iPay mobile banking app (iOS + Android; 2,000+ partners + 150+ features and services) + vietinbank.vn online + VietinBank cards (Visa + Mastercard + NAPAS) + VietinBank Vietnamese branch network + VietinBank Germany subsidiary + VietinBank Laos subsidiary; VietQR + NAPAS 247; VietinBank Open Funds + Bonds + Gold investment + eKYC account opening distinctive Vietnamese banking innovations.
Users & growth
2025: VietinBank iPay 2,000+ partners + 150+ features and services + ranked Big 4 banks 4th-7th in iOS mobile banking app downloads in Vietnam.
Use cases
Vietnamese + German + Laotian retail + private + corporate + SME + investment + insurance banking via VietinBank iPay + vietinbank.vn online + cards + branches; VietQR + NAPAS 247; VietinBank Open Funds + Bonds + Gold investment + eKYC account opening.
Implementations & partners
Operator: VietinBank (HOSE: CTG); SBV ~64% + MUFG Bank ~19.7% strategic.
Major Vietnamese banking competitors: [[vietcombank]] (Vietnam #1 state-controlled) + [[bidv]] (Vietnam #2 by assets state-controlled) + [[vpbank]] (Vietnam #1 private commercial bank; SMBC 15% strategic) + [[techcombank]] (Vietnam #2 private + Masan partnership) + [[mb-bank]] (Vietnam Military Bank) + [[acb-vietnam]] (Asia Commercial Bank).
Regulator: SBV.
Fun facts
- Vietnam Big 4 state-controlled commercial bank by assets (alongside [[vietcombank]] + [[bidv]] + Agribank).
- VietinBank iPay distinctive Vietnamese banking app + 2,000+ partners + 150+ features and services.
- VietinBank iPay ranked Big 4 banks 4th-7th in mobile banking app downloads on iOS in Vietnam.
- Oct 2013 VietinBank Mobile Banking service launch (VietinBank Vietnamese pioneer Mobile Banking).
- Open Funds + Bonds + Gold investment + eKYC account opening distinctive Vietnamese banking innovations.
- Jul 26 1988 VietinBank founding as Vietnam Bank for Industry and Trade.
- MUFG Bank ~19.7% strategic Japanese banking shareholder (distinctive Vietnamese-Japanese banking strategic partnership).
Comparison
| Feature | VietinBank / VietinBank iPay | [[vietcombank]] (Vietnam #1 state-controlled rival) | [[bidv]] (Vietnam #2 by assets state-controlled rival) | [[vpbank]] (Vietnam #1 private commercial bank rival) | [[techcombank]] (Vietnam #2 private + Masan partnership rival) |
|---|---|---|---|---|---|
| Operator | VietinBank (HOSE: CTG) | Vietcombank (HOSE: VCB) | BIDV (HOSE: BID) | VPBank (HOSE: VPB) | Techcombank (HOSE: TCB) |
| Type | Vietnam Big 4 state-controlled commercial bank + VietinBank iPay 2,000+ partners + 150+ features + 4th-7th iOS rankings + MUFG ~19.7% strategic | Vietnam #1 state-controlled by assets | Vietnam #2 by assets state-controlled | Vietnam #1 private commercial bank by assets + SMBC 15% strategic + FE Credit consumer finance | Vietnam #2 private + Masan partnership |
| Country | VN + 2 countries (DE + LA) | VN + 5+ countries | VN + 6+ countries | VN | VN |
| Distinctive | Jul 26 1988 Vietnam Bank for Industry and Trade founding; 2008 renamed VietinBank + 2009 HOSE IPO; Oct 2013 Mobile Banking launch (Vietnamese pioneer); SBV ~64% + MUFG Bank ~19.7% strategic | 1963 Vietcombank founding as Vietnam's foreign trade bank; SBV 74.8% majority | 1957 BIDV founding as Vietnam's investment + development bank; SBV majority | 1993 VPBank founding; Mar 2023 SMBC USD 1.5B 15% strategic | 1993 Techcombank founding |
Status
Active, Vietnam Big 4 state-controlled commercial bank [1, 2, 3]:
- VietinBank (HOSE: CTG) since Jul 26 1988 Vietnam Bank for Industry and Trade founding + 2008 renamed VietinBank + 2009 HOSE IPO.
- VietinBank iPay 2,000+ partners + 150+ features and services + Oct 2013 Mobile Banking launch (Vietnamese pioneer).
- MUFG Bank ~19.7% strategic Japanese banking shareholder.
- SBV regulated.
Sources
- 1 Instructions on how to install and log onto VietinBank iPay Mobile app
- 2 Digital bank of thousands — VietinBank iPay Mobile
- 3 Mobile Banking In Vietnam: Infrastructure, Adoption, And Outlook
- vn-cro In-corpus:
reports/countries/VN-vietnam.md
Source
Biography extracted from vietinbank.md. See matrix.md for standards-support matrix if present.