# VietinBank / VietinBank iPay

> Source: https://docs.barcoder.ai/docs/wallets/vietinbank
> research date 2026-05-30 · extracted at 2026-10-03
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [VietinBank — official](https://www.vietinbank.vn/)

## Overview

**VietinBank (Vietnam Joint Stock Commercial Bank for Industry and Trade)** is **a Vietnam Big 4 state-controlled commercial bank** + **VietinBank iPay distinctive Vietnamese banking app** <sup>[1][1], [2][2], [Viet Nam report](https://docs.barcoder.ai/docs/payments/VN)</sup>. **2025 baseline**: VietinBank iPay ranked among Big 4 banks, positioned 4th-7th in mobile banking app downloads on iOS in Vietnam; VietinBank has partnered with 2,000+ providers + brought 150+ features and services to VietinBank iPay; comprehensive financial services include investment in Open Funds + Bonds + Gold + account opening via eKYC; Oct 2013 Mobile Banking service launch (VietinBank Vietnamese pioneer Mobile Banking).

**Distinctive VietinBank positioning** <sup>[1][1], [2][2], [3][3]</sup>:
- **Vietnam Big 4 state-controlled commercial bank by assets** (alongside [Vietcombank (VCB Digibank)](https://docs.barcoder.ai/docs/wallets/vietcombank) + [BIDV (BIDV SmartBanking X)](https://docs.barcoder.ai/docs/wallets/bidv) + Agribank)
- **VietinBank iPay distinctive Vietnamese banking app** + 2,000+ partners + 150+ features and services
- **VietinBank iPay ranked Big 4 banks 4th-7th in mobile banking app downloads on iOS in Vietnam**
- **Oct 2013 VietinBank Mobile Banking service launch** (VietinBank Vietnamese pioneer Mobile Banking)
- **Open Funds + Bonds + Gold investment + eKYC account opening** distinctive Vietnamese banking innovations
- **1988 VietinBank founding** as Vietnam Bank for Industry and Trade (Vietnamese state-controlled banking heritage)

## History

**Jul 26 1988 — Vietnam Bank for Industry and Trade founded** as state-controlled Vietnamese commercial bank.

**2008 — Vietnam Bank for Industry and Trade renamed Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank)** + **2009 HOSE IPO**.

**Oct 2013 — VietinBank Mobile Banking service launches** (VietinBank Vietnamese pioneer Mobile Banking).

**2017 — VietinBank iPay app launches**.

**2025**: VietinBank iPay 2,000+ partners + 150+ features and services + ranked Big 4 banks 4th-7th in iOS mobile banking app downloads <sup>[1][1], [2][2]</sup>.

## Ownership & operator

**Operating entity**: **Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank; HOSE: CTG)**.

**Major shareholders**: **SBV (State Bank of Vietnam) ~64% controlling state shareholder + MUFG Bank (Mitsubishi UFJ Financial Group; Japanese banking parent) ~19.7% strategic + Vietnamese institutional + Vietnamese retail public float**.

**Regulator**: **SBV (State Bank of Vietnam)**.

## Technical integration

VietinBank iPay mobile banking app (iOS + Android; 2,000+ partners + 150+ features and services) + vietinbank.vn online + VietinBank cards (Visa + Mastercard + NAPAS) + VietinBank Vietnamese branch network + VietinBank Germany subsidiary + VietinBank Laos subsidiary; VietQR + NAPAS 247; VietinBank Open Funds + Bonds + Gold investment + eKYC account opening distinctive Vietnamese banking innovations.

## Users & growth

**2025**: VietinBank iPay 2,000+ partners + 150+ features and services + ranked Big 4 banks 4th-7th in iOS mobile banking app downloads in Vietnam.

## Use cases

Vietnamese + German + Laotian retail + private + corporate + SME + investment + insurance banking via VietinBank iPay + vietinbank.vn online + cards + branches; VietQR + NAPAS 247; VietinBank Open Funds + Bonds + Gold investment + eKYC account opening.

## Implementations & partners

**Operator**: VietinBank (HOSE: CTG); SBV ~64% + MUFG Bank ~19.7% strategic.

**Major Vietnamese banking competitors**: [Vietcombank (VCB Digibank)](https://docs.barcoder.ai/docs/wallets/vietcombank) (Vietnam #1 state-controlled) + [BIDV (BIDV SmartBanking X)](https://docs.barcoder.ai/docs/wallets/bidv) (Vietnam #2 by assets state-controlled) + [VPBank (Vietnam Prosperity Bank)](https://docs.barcoder.ai/docs/wallets/vpbank) (Vietnam #1 private commercial bank; SMBC 15% strategic) + [Techcombank](https://docs.barcoder.ai/docs/wallets/techcombank) (Vietnam #2 private + Masan partnership) + [MB Bank (Military Commercial Joint Stock Bank)](https://docs.barcoder.ai/docs/wallets/mb-bank) (Vietnam Military Bank) + [ACB (Asia Commercial Bank)](https://docs.barcoder.ai/docs/wallets/acb-vietnam) (Asia Commercial Bank).

**Regulator**: SBV.

## Fun facts

- **Vietnam Big 4 state-controlled commercial bank by assets** (alongside [Vietcombank (VCB Digibank)](https://docs.barcoder.ai/docs/wallets/vietcombank) + [BIDV (BIDV SmartBanking X)](https://docs.barcoder.ai/docs/wallets/bidv) + Agribank).
- **VietinBank iPay distinctive Vietnamese banking app** + 2,000+ partners + 150+ features and services.
- **VietinBank iPay ranked Big 4 banks 4th-7th in mobile banking app downloads on iOS in Vietnam**.
- **Oct 2013 VietinBank Mobile Banking service launch** (VietinBank Vietnamese pioneer Mobile Banking).
- **Open Funds + Bonds + Gold investment + eKYC account opening** distinctive Vietnamese banking innovations.
- **Jul 26 1988 VietinBank founding** as Vietnam Bank for Industry and Trade.
- **MUFG Bank ~19.7% strategic Japanese banking shareholder** (distinctive Vietnamese-Japanese banking strategic partnership).

## Comparison

| Feature | VietinBank / VietinBank iPay | [Vietcombank (VCB Digibank)](https://docs.barcoder.ai/docs/wallets/vietcombank) (Vietnam #1 state-controlled rival) | [BIDV (BIDV SmartBanking X)](https://docs.barcoder.ai/docs/wallets/bidv) (Vietnam #2 by assets state-controlled rival) | [VPBank (Vietnam Prosperity Bank)](https://docs.barcoder.ai/docs/wallets/vpbank) (Vietnam #1 private commercial bank rival) | [Techcombank](https://docs.barcoder.ai/docs/wallets/techcombank) (Vietnam #2 private + Masan partnership rival) |
|---|---|---|---|---|---|
| Operator | **VietinBank (HOSE: CTG)** | Vietcombank (HOSE: VCB) | BIDV (HOSE: BID) | VPBank (HOSE: VPB) | Techcombank (HOSE: TCB) |
| Type | **Vietnam Big 4 state-controlled commercial bank + VietinBank iPay 2,000+ partners + 150+ features + 4th-7th iOS rankings + MUFG ~19.7% strategic** | Vietnam #1 state-controlled by assets | Vietnam #2 by assets state-controlled | Vietnam #1 private commercial bank by assets + SMBC 15% strategic + FE Credit consumer finance | Vietnam #2 private + Masan partnership |
| Country | VN + 2 countries (DE + LA) | VN + 5+ countries | VN + 6+ countries | VN | VN |
| Distinctive | **Jul 26 1988 Vietnam Bank for Industry and Trade founding; 2008 renamed VietinBank + 2009 HOSE IPO; Oct 2013 Mobile Banking launch (Vietnamese pioneer); SBV ~64% + MUFG Bank ~19.7% strategic** | 1963 Vietcombank founding as Vietnam's foreign trade bank; SBV 74.8% majority | 1957 BIDV founding as Vietnam's investment + development bank; SBV majority | 1993 VPBank founding; Mar 2023 SMBC USD 1.5B 15% strategic | 1993 Techcombank founding |

## Status

**Active, Vietnam Big 4 state-controlled commercial bank** <sup>[1][1], [2][2], [3][3]</sup>:
- **VietinBank (HOSE: CTG)** since Jul 26 1988 Vietnam Bank for Industry and Trade founding + 2008 renamed VietinBank + 2009 HOSE IPO.
- **VietinBank iPay 2,000+ partners + 150+ features and services + Oct 2013 Mobile Banking launch (Vietnamese pioneer)**.
- **MUFG Bank ~19.7% strategic Japanese banking shareholder**.
- **SBV regulated**.

## Sources

[1]: https://www.vietinbank.vn/en/ca-nhan/cong-cu-tien-ich/huong-dan-cai-dat-va-dang-nhap-ung-dung-vietinbank-ipay-mobile-06-html "Instructions on how to install and log onto VietinBank iPay Mobile app"
[2]: https://www.vietnam.vn/en/ngan-hang-so-van-vang-vietinbank-ipay-mobile "Digital bank of thousands — VietinBank iPay Mobile"
[3]: https://www.b2bnn.com/2025/08/mobile-banking-in-vietnam-infrastructure-adoption-and-outlook/ "Mobile Banking In Vietnam: Infrastructure, Adoption, And Outlook"
[vn-cro]: https://docs.barcoder.ai/docs/payments/VN

- [1] [Instructions on how to install and log onto VietinBank iPay Mobile app][1]
- [2] [Digital bank of thousands — VietinBank iPay Mobile][2]
- [3] [Mobile Banking In Vietnam: Infrastructure, Adoption, And Outlook][3]
- <sup>[Viet Nam report](https://docs.barcoder.ai/docs/payments/VN)</sup> In-corpus: `reports/countries/VN-vietnam.md`

## Source

Biography extracted from [vietinbank.md](https://docs.barcoder.ai/source/wallets/vietinbank). See `matrix.md` for standards-support matrix if present.