The Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) has selected the International Financial Company of the World Bank and the Canadian Nova Scotia Bank as its strategic foreign shareholders.

At his meeting with the press on January 22, Vietinbank General Director Pham Xuan Lap said his bank’s choice has received the Government’s approval.

Vietinbank has become the first State bank to select its strategic foreign shareholders after being equitised.

The bank has set out to post a growth rate of 25 percent and earn a pre-tax profit of 4 trillion VND in 2010./.