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Citibank Vietnam

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Citibank Vietnam
Company typeSubsidiary (of Citigroup)
Founded1993
Headquarters1st Floor, 17 Ngo Quyen Street, Hoan Kiem District, Hanoi.
15th Floor, 115 Nguyen Hue Boulevard, 1st District, Hochiminh City.
Key people
Ramachandran A.S., Citi Country Officer
ProductsFinancial services
Websitecitibank.com.vn

Citibank Vietnam is a bank which set its first footprint in Vietnam in 1975, and then started up a representative office in Hanoi in 1993.[1] A year later, Citi became the first U.S. financial institution licensed for branch opening and full branch establishment in Hanoi a year later. Citi has two branches in Vietnam, one in Hanoi and one in Ho Chi Minh City.[2]

On January 13, 2022, Citigroup announced that it will sell its consumer banking businesses in Vietnam, Malaysia, Thailand, and Indonesia to United Overseas Bank of Singapore.[3]

History

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Citibank, N. A. is the primary U.S. banking subsidiary of financial services multinational Citigroup.[4] Citibank was founded in 1812 as the City Bank of New York, and later became First National City Bank of New York.[5] The bank has 2,649 branches in 19 countries.[6][7][8]

Citibank first opened a branch in Vietnam prior to 1975.[9][10] In 1993, Citi returned to Vietnam and established a representative office in Hanoi.[11][12] A year later, Citi became the first U.S. financial institution to be granted a license to open a full-service branch in Hanoi.[13][14][15] In 1998, Citi opened a second branch in Ho Chi Minh City.[16][17][18]

Citi established its retail banking franchise in Vietnam in 2009[19] and in recent years, Citi's retail banking business has grown rapidly, with market share gains in key businesses such as credit cards, personal loans, cash withdrawals, and insurance. In late 2014, Citi launched its SME banking service in Vietnam.[20][21][22]

Products and services

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Citi offers banking services including retail banking, corporate banking, investment banking and global transaction services, including trade and treasury services, and securities and fund services.

Digital wallet support

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Citibank Vietnam credit cards only support Samsung Pay. Google Pay and Apple Pay are not supported.[23]

See also

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References

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  1. ^ "Citi Vietnam – Leading Ebanking and Mobile Banking Services in Vietnam". www.citibank.com.vn. Retrieved 2019-09-07.
  2. ^ "Online Banking Fees and Service Charges – Citibank Vietnam". www.citibank.com.vn. Retrieved 2019-09-07.
  3. ^ Choudhury, Saheli Roy (2022-01-14). "Citi to sell consumer business in Malaysia, Indonesia, Thailand and Vietnam to UOB Group". CNBC. Retrieved 2022-02-10.
  4. ^ "Citigroup Material Legal Entities" (PDF). Archived (PDF) from the original on January 7, 2018. Retrieved April 10, 2017.
  5. ^ "Citigroup - American company". Encyclopedia Britannica. Archived from the original on July 28, 2020.
  6. ^ "Citibank - Latest News, Headlines, Insight, Commentary & Analysis". Asian Business Review. Retrieved 2024-01-29.
  7. ^ "Citibank - Latest News, Headlines, Insight, Commentary & Analysis". Asian Banking & Finance. Retrieved 2024-01-29.
  8. ^ "Citibank - Latest News, Headlines, Insight, Commentary & Analysis". QSR Media UK. Retrieved 2024-01-29.
  9. ^ "Vì sao ngân hàng ngoại rút khỏi mảng bán lẻ tại Việt Nam?". Tin nhanh chứng khoán (in Vietnamese). 2021-04-28. Retrieved 2024-01-29.
  10. ^ Ân, Tuyết (2022-01-14). "Citi bán khối ngân hàng cá nhân tại Việt Nam cho tập đoàn UOB". Forbes Việt Nam (in Vietnamese). Retrieved 2024-01-29.
  11. ^ ONLINE, TUOI TRE (2015-07-08). "Việt Nam chấp thuận thành lập ngân hàng 100% vốn Mỹ". TUOI TRE ONLINE (in Vietnamese). Retrieved 2024-01-29.
  12. ^ "Cuộc đời kịch tính của "Vua mặt trời" New York và cuộc rút lui khỏi Việt Nam sau 50 năm hiện diện". cafebiz.vn (in Vietnamese). 2021-09-19. Retrieved 2024-01-29.
  13. ^ "Citi bank sẽ thành lập ngân hàng 100% vốn tại Việt Nam". Báo điện tử Tiền Phong (in Vietnamese). 2015-07-08. Retrieved 2024-01-29.
  14. ^ Ân, Tuyết (2022-01-14). "Citi bán khối ngân hàng cá nhân tại Việt Nam cho tập đoàn UOB". Forbes Việt Nam (in Vietnamese). Retrieved 2024-01-29.
  15. ^ P.V (2015-07-08). "Citi xin thành lập ngân hàng 100% vốn nước ngoài tại Việt Nam". Nhịp sống kinh tế Việt Nam & Thế giới (in Vietnamese). Retrieved 2024-01-29.
  16. ^ Ân, Tuyết (2021-12-26). "Citi bổ nhiệm tân tổng giám đốc tại Việt Nam". Forbes Việt Nam (in Vietnamese). Retrieved 2024-01-29.
  17. ^ Quoc, Bao (2023-03-01). "My gift gift card mall". TUOI TRE ONLINE (in Vietnamese). Retrieved 2024-01-29.
  18. ^ VietnamBiz (2020-12-29). "Giờ làm việc ngân hàng Citibank tại các hệ thống năm 2021". vietnambiz (in Vietnamese). Retrieved 2024-01-29.
  19. ^ "Citibank triển khai dịch vụ ngân hàng bán lẻ tại Hà Nội". Retrieved 2024-01-29.
  20. ^ "Citi sẽ thành lập ngân hàng 100% vốn nước ngoài tại Việt Nam". baodautu (in Vietnamese). Retrieved 2024-01-29.
  21. ^ hanoimoi.vn (2005-10-16). "Citibank - Ngân hàng đầu tiên mở dịch vụ Bao thanh toán". hanoimoi.vn (in Vietnamese). Retrieved 2024-01-29.
  22. ^ "Thông tin về Ngân hàng Citibank Việt Nam - Citibank Việt Nam". www.citibank.com.vn. Retrieved 2024-01-29.
  23. ^ "Citi Credit Cards Now On Samsung Pay – Citibank". www.citibank.com.vn. Retrieved 2019-09-07.
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