Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank), Filiale Deutschland products, services and reviews

About Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank), Filiale Deutschland

Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank), Filiale Deutschland, is the German branch of VietinBank, authorized and supervised by BaFin and the Deutsche Bundesbank. The branch focuses on corporate and institutional clients active in trade and investment between Germany, the EU, and Vietnam/ASEAN. Services typically include business current and term accounts, cash management, euro and foreign-currency payments (including SEPA), trade finance instruments (letters of credit, standby LCs, collections, guarantees), bilateral and syndicated lending, and foreign exchange dealing and hedging; pricing is usually relationship-based and provided on request rather than via retail tariffs. Retail banking options are limited compared with universal banks in Germany, and operations are centered in Frankfurt am Main with relationship-manager coverage and German/English/Vietnamese support. As a third-country branch, it operates under the German Banking Act and applicable EU regulations, including AML and sanctions requirements. In Germany, eligible deposits are statutorily protected up to 100,000 EUR per depositor per institution via the Entschädigungseinrichtung deutscher Banken, subject to scheme membership and product eligibility; clients should confirm current coverage and any exclusions before placing funds. The branch does not publish standalone financial statements; its credit and liquidity profile are tied to the parent bank, and counterparty exposure reflects the Vietnam–Germany trade corridor. Payment execution may rely on correspondent banks for certain currencies, and cross-border documentation can extend onboarding and transaction timelines. The offering is oriented to companies needing trade finance, cross-border payments, and FX connected to Vietnam; consumers seeking broad retail services will find a constrained product set. Prospective clients should review current terms, fees, and regulatory disclosures directly with the bank.