VietinBank intensifies team up with Italy’s largest bank

VietinBank signed a deal for increased cooperation with UniCredit S.p.A., the biggest bank in Italy.

Vietnam Joint Stock Commercial Bank for Industry and Trade or Vietinbank and UniCredit S.p.A, will exchange experience and information as well as facilitate links between their customers.


The cooperation will help to boost the Italian investment in Vietnam in the coming years, said H.E.Mr. Ranjit Rae, Italian Ambassador to Vietnam.

According to the Vietnamese Ministry of Planning and Investment, by the end of March, Italian companies invested USD187.73 million in 39 projects, ranking the 31st in direct investment in Vietnam.

Pham Huy Hung, Chairman of VietinBank, disclosed that the bank plans to open branches in Germany in the third quarter of this year.