On November 11, 2019, the Board of Directors of Joint Stock Commercial Bank for Foreign Trade of Viet Nam (Vietcombank) approved the transaction between Vietcombank and Mizuho Bank, Ltd – Ha Noi Branch (the related person of Mizuho Bank, Ltd – a strategic partner of Vietcombank) with the content of “Opening a blocked account for receiving the transfer of Vietcombank’s stake at VCB Cardif Life Insurance Limited Company”.