FPT Bank licensed
Source: 09-MAY-2008 Intellasia | Thoi Bao Kinh Te Vietnam page 2
May 9, 2008 - 7:00:00 AM FPT Commercial Joint Stock Bank project yesterday May 7 received business license from the State Bank of Vietnam with the trading name of Tien Phong (Pioneer) Commercial Joint Stock Bank (TienPhongBank) located in Hanoi's Cau Giay District.

According to Dao Trong Khanh, TienPhongBank's general director, his bank with a chartered capital of one trillion dong plans to start operation by the middle of this year.

He added his bank also targets to scale up chartered capital to three trillion dong after one-year of operation.

This year, the bank plans to employ 600 staff and develop its network in Hanoi, HCM City, Da Nang, Can Tho and Hai Phong.

TienPhongBank was established by FPT Technology Development Investment Joint Stock Co, VMS MobiFone Information Co and Vietnam National Reinsurance Corp (Vinare) and other shareholders.