Vietnam Joint Stock Commercial Bank for Industry and Trade provides various banking products and services to individuals and organizations in Vietnam and internationally. It offers savings and current accounts; and custody, overdraft, auto-investment term, multi-purpose investment term, and flexible investment term deposits. The company also provides consumption, car, mortgage, study abroad, and business loans; short term, medium term, and long term loans and deposits; special loans; international credit program loans; and overseas remittance, foreign currency trading, and wire transfer services. In addition, it offers foreign exchange services and derivatives; payment and cash management services; life insurance products; and internet banking services, as well as investment banking services, such as bonds issuance advisory, initial public offerings advisory, equalization advisory, securities listing advisory, corporate valuation, and mergers and acquisitions. The company operates 155 local branches; 2 representative offices; a trade finance center; 5 cash management centers; 9 non-business units; and 958 transaction offices. It also operates 2 foreign branches in Germany; a representative office in Myanmar; and a subsidiary bank in Lao People's Democratic Republic. The company was formerly known as Vietnam Bank for Industry and Trade and changed its name to Vietnam Joint Stock Commercial Bank for Industry and Trade in July 2009. Vietnam Joint Stock Commercial Bank for Industry and Trade was founded in 1988 and is headquartered in Hanoi, Vietnam.