As the first State-owned commercial bank selected by the government to pilot privatization, Vietcombank officially commenced operations as a joint-stock commercial bank on June 2, 2008, following the successful execution of its privatization plan through an initial public offering of shares. On June 30, 2009, Vietcombank’s shares (stock code: VCB) were officially listed on the Ho Chi Minh City Stock Exchange.
Throughout our over 60-year journey of establishment and growth, Vietcombank has made pivotal contributions to the stability and development of the national economy, excelling as a prominent foreignoriented bank, efficiently serving domestic economic development while exerting significant influence on both the regional and global financial communities.
Originating as a specialised bank serving the country’s external economic activities, Vietcombank has evolved into a full-service, multi-functional financial institution. Today, it operates across a wide range of sectors, offering top-tier services in international trade, traditional banking activities such as capital management, fund mobilization, credit provision, and project financing, as well as modern banking services including foreign exchange, derivatives, card services, and electronic banking.
With a modern technical infrastructure and the successful transformation of Core Banking system at the beginning of 2020, Vietcombank holds numerous advantages in leveraging advanced technologies to automate banking services and develop electronic banking products based on cutting-edge platforms. The digital transaction space, alongside multifunctional digital banking services such as VCB Digibank, VCB – iB@nking, VCB CashUp, and VCB DigiBiz, continues to attract a wide range of individual and corporate customers due to their convenience, speed, security and efficiency.
These offerings promote a shift towards cashless payment habits among a diverse customer base. With a history spanning over half a century in the market, Vietcombank has established itself as one of Vietnam’s largest commercial banks. Presently, Vietcombank operates an extensive network of more than 600 branches, transaction offices, representative offices and member units both domestically and internationally, including: one Head Office in Hanoi; 131 branches; 536 transaction offices; four domestic subsidiaries (Financial Leasing Company, Securities Company, Remittance Company, VCBNeo); three international subsidiaries (Vinafico Hongkong Company, Vietcombank Remittance Company in the United States, Vietcombank subsidiary in Laos); one Representative Office in Ho Chi Minh City; one Representative Office in Singapore; one Representative Office in the United States; three public service units (Training and Development Center, Cash Processing Centre in Hanoi, Cash Processing Centre in Ho Chi Minh City); and four joint ventures and affiliates. Vietcombank employs over 24,000 personnel. Furthermore, Vietcombank has established an autobank system featuring 3,090 ATMs and a network of 121,035 card payment acceptance units nationwide. The bank’s operations are additionally supported by a global network of 1,194 correspondent banks across 87 countries and territories worldwide.
With its extensive operational experience and a competent team adept atskilled in navigating the complexities of the modern business environment and characterised by high levels of integration, Vietcombank consistently remains the preferred choice for leading corporations, large enterprises and a diverse clientele of individual customers.
Vietcombank has systematically affirmed and strengthened its role as a pioneering institution, continuously innovating and leading in all aspects of operations with utmost efficiency and top-tier operational quality within Vietnam’s banking sector.
Currently, Vietcombank’s total assets have exceeded VND2 quadrillion, with pretax profits surpassing USD1.5 billion. With a market capitalisation of approximately USD20 billion, Vietcombank ranks among the world’s 100 largest listed banks by market capitalisation, according to Reuters. Vietcombank has consistently earned the esteemed title of “Best Bank in Vietnam” from reputable global organisations over several years. It holds the highest credit ratings from S&P, Fitch Ratings, and Moody’s, the most prestigious international credit rating agencies, among commercial banks in Vietnam. Domestically, Vietcombank proudly stands as the sole bank to achieve the “National Brand” recognition for nine consecutive years. It is also recognised as the “Largest Taxpayer Bank in Vietnam” and the “Bank with the Best Working Environment in Vietnam.”
On the occasion of the 60th anniversary of establishment (01/04/1963 – 01/04/2023), Vietcombank had the honor of being awarded the title “Hero of Labor” by the Party and State.
Through intellectual acumen and steadfast dedication, successive generations of Vietcombank officials have steadfastly endeavoured consistently worked to foster the bank’s sustainable development.
Looking ahead to 2030, we aim to uphold Vietcombank’s standing as Vietnam’s leading bank, to ascendrise among the world’s top 200 largest financial institutions and to feature prominently among the globe’s 700 largest publicly listed enterprises, making substantial contributions to Vietnam’s sustainable development.