Vi Viet e-wallet, a LienVietPostBank’s online banking services recorded more than two million customers and a network of some 16,000 transaction points as of Friday after over a year of launching.

Nguyen Dinh Thang, vice chairman of the bank’s management board told a press meeting in Ha Noi on Friday that it is expected that Vi Viet would reach 3.5 million users and 30,000 transaction points next year.

Thang said Vi Viet is a non-cash payment online tool via a mobile application or website viviet.vn that helps customers pay their bills and shop online. From the beginning of next year, customers could use Vi Viet for implementation of online banking services such as deposit, account query, account statement, settlement of saving accounts and consumer lending.

“LienVietPostBank has been building Vi Viet to gradually become a digital banking outlet. In addition to modernising core-banking, applying advanced management software and developing e-banking, Vi Viet would contribute to realising the bank’s target of becoming one of the leading retail banks in Viet Nam – a bank for everybody,” he added.

The bank has also implemented new strategy by expanding its network and providing retail banking products for people, especially in rural areas nationwide.

Earlier, Vi Viet had been the first bank in Viet Nam receiving the Asia Pacific ICT Alliance Awards (APICTA Awards) which is an international awards programme to increase ICT awareness in the community and assist in bridging the digital divide. APICTA has been considered as the OSCAR award in the ICT sector in the Asia Pacific region. Vi Viet was awarded with second prize for Financial Industry Application.

On Thursday, Japanese Mitsui Knowledge Industry Company and Doreming Company signed an agreement with LienVietPostBank to use Vi Viet for their salary payment and management solution for both Vietnamese and Japanese firms in 2018.

In the first 11 months of the year, LienVietPostBank’s pre-tax profit surpass its whole year’s target to reach VND1.7 trillion (US$74.8 million). Its total capital mobilisation was VND141 trillion while total assets were VND154 trillion. The bank’s total outstanding loans were VNĐ98 trillion and charter capital VND6.46 trillion.

LienVietPostBank set a target to increase its charter capital to VND7.5 trillion by the beginning of 2018 and increasing the divided rate from 12 per cent in 2017 to 15 per cent in 2018. — VNS