On November 5, 2024, Vietnam Export Import Commercial Joint Stock Bank (Eximbank) announced Resolution No. 363/2024/EIB/NQ-HDQT of the Board of Directors on approving documents for the Extraordinary General Meeting of Shareholders, including the Proposal for the General Meeting of Shareholders to approve the change of head office location.
Eximbank's head office is currently located at Floor 8, Office No. L8-01-11+16, Vincom Center Building, No. 72 Le Thanh Ton, Ben Nghe Ward, District 1, Ho Chi Minh City.
Eximbank has a network of 215 branches and transaction offices stretching from North to South.
In the context of a competitive and volatile market, Eximbank has been investing heavily in technology and flexibly implementing business plans based on new thinking about customer approach and market expansion.
In addition to continuing to consolidate its position in the Southern market, Eximbank's Board of Directors has identified the North as a dynamic market with much room for exploitation. Therefore, the Bank aims to expand its distribution network and reach potential customers in this region, to seize market opportunities, helping to increase revenue, profit and brand influence.
Moving Eximbank's headquarters to Hoan Kiem District, Hanoi is a strategic move with the aim of helping the Bank expand its operations, in order to effectively implement its business strategy. Eximbank's Board of Directors assessed that Hoan Kiem District - Hanoi is located in the center of the capital. Besides its cultural and historical significance, it is also an important administrative, commercial and service center of the city. At the same time, it is home to many headquarters and large branches of domestic and foreign banks. This is also a location with many advantages for trading and connecting with partners and customers, creating opportunities for cooperation and developing business networks, helping to expand the market share and influence of the Eximbank brand in the North, contributing to the overall development of the Bank.
The proposal to move Eximbank's headquarters has received high consensus from the Bank's Board of Directors and passed the approval process of the General Meeting of Shareholders documents in accordance with the provisions of the Charter and legal regulations.
The relocation of the headquarters will be discussed publicly and transparently at the Bank's General Meeting of Shareholders taking place at the end of November and will only be approved if it receives approval from over 51% of the total votes of the shareholders attending the meeting. The dossier for the relocation of the headquarters must also be reviewed and approved by the State Bank according to regulations.
