Mitsubishi UFJ Financial Group
Vietinbank announced its second strategic partnership with Mitsubishi UFJ Financial Group in December 2012. Mitsubishi UFJ is going to buy 20% of Vietinbank's shares for 15.5 trillion dong ($743 million). Mitsubishi UFJ wants to gain a foothold in Vietnam's growing markets for retail lending and international banking transactions, while Vietinbank hopes to improve corporate governance and risk management.