From April 16, 2025, the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) officially deployed a pre- conversion loan product, for employees who are eligible for financial support under Decree 178/2024/ND-CP dated December 31, 2024 of the Government.
This is a practical financial solution, helping workers feel confident in the process of changing job positions, stabilizing their lives, and continuing to develop in the new period.
Accordingly, lending products have outstanding characteristics: consumer loan purposes for living needs; flexible forms - loans at one time or according to the payment limit; maximum loan amount of 70% of the value of financial support; maximum loan term of 12 months; no collateral required; attractive interest rate and free early repayment.
The borrower is an employee who is eligible for financial support under Decree 178 and meets the credit granting conditions as prescribed by the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank).
In addition, from now until December 31, 2025, customers aged 55 to 62, including employees as prescribed in Decree 178 have the opportunity to use preferential products and services such as: flexible principal with attractive interest rates, investment in VCBF fund certificates, enjoying priority customers' privileges, receiving free international non-physical debit cards and many other incentive programs when participating in the VCB Loyalty program.
The implementation of this product demonstrates its commitment to accompanying cadres, civil servants, public employees, workers and armed forces in the process of restructuring the apparatus of the political system, in accordance with the innovation and streamlining orientation according to the direction of the Government.
The former Joint Stock Commercial Bank for Foreign Trade of Vietnam, now the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), was established and officially put into operation on April 1, 1963 with the predecessor, the Central External Trade Administration (under the National Bank of Vietnam).
As the first state-owned commercial bank selected by the Government to conduct a pilot equitization, Vietcombank officially operated as a joint stock commercial bank on February 2, 2006 2008, after successfully implementing the equitization plan through the issuance of shares to the public for the first time. On June 30, 2009, Vietcombank shares (VCB stock code) were officially listed at the Ho Chi Minh City Stock Exchange.
After more than 60 years of establishment and growth, Vietcombank has made important contributions to the stability and development of the country's economy, promoting its role as a key foreign bank, effectively serving domestic economic development, while creating important impacts for the regional and global financial community.
From a commercial bank serving the foreign economy, Vietcombank has today become a multi-functional bank, operating in many fields, providing customers with a full range of leading financial services in the field of international trade; in traditional activities such as capital trading, capital mobilization, credit, project financing... as well as modern banking services: foreign currency trading and derivatives, card services, electronic banking...
