Established on May 24, 1989 under the decision No. 140/CT signed by the Chairman of the Council of Ministers under the name of VIETNAM EXPORT IMPORT BANK and being one of the first joint-stock commercial banks of Vietnam, VIETNAM EXPORT IMPORT BANK officially came into operation on January 17, 1990. On April 6, 1992, under license No. 11/NH-GP signed by the Governor of the State Bank of Vietnam, the Bank was allowed to operate with a term of 50 years and its charter capital registered at VND50 billion (equivalent to USD12.5 million) and its name changed to VIETNAM EXPORT IMPORT COMMERCIAL JOINT-STOCK BANK (shortly called VIETNAM EXIMBANK). At present, Eximbank's chartered capital is VND8,800 billion. The bank's owner's equity is VND13,627 billion, making it one of the largest commercial joint-stock banks by owner's equity. Vietnam Export Import Commercial Joint Stock Bank has a nationwide network with its Head Office located in Ho Chi Minh City and 124 Branches in Ha Noi, Da Nang, Nha Trang, Can Tho City, Quang Ngai, Vinh, Hai Phong city, Quang Ninh, Dong Nai, Binh Duong, Tien Giang, An Giang, Ba Ria - Vung Tau, Dac Lac, Lam Dong and Ho Chi Minh city). VIETNAM EXIMBANK has established correspondent banking relationship with over 735 banks in 72 countries worldwide.