JSC Bank for Foreign Trade of Vietnam, formerly known as Bank for Foreign trade of Vietnam, was established on 01/04/1963 from the Foreign Exchange Bureau (of the State Bank of Vietnam). Being the first state commercial bank chosen for pilot privatization by the Government, Joint Stock Commercial Bank for Foreign Trade of Vietnam officially came in to operation on 02/06/2008, after successfully implementing the equitization plan through IPO. Vietcombank (stock code: VCB) officially listed on the Ho Chi Minh Stock Exchange (HOSE) on 30/06/2009.
During more than 50 years of growth and development, Vietcombank has contributed significantly to the stability and growth of national economy, upholding the role of a major foreign trade bank in facilitating efficient domestic economic growth as well as influencing considerably on regional and global financial community.
Originated as a specialized bank for foreign trade, Vietcombank nowadays has been providing customers with a wide range of leading financial services in international trade; traditional services such as capital trading, capital mobilization, credit, project financing, etc., and modern banking segment such as forex trading and derivatives, card services, e-banking and so on.
Vietcombank has many advantages of applying advanced technology into the automatic banking system, products development, e-banking services, based on its high technology foundation. Products such as Digital Lab, Internet Banking, VCB Money, SMS Banking, Phone Banking have always attracted a great deal of customers by its convenience, promptness, safety, efficiency, creating the habit of non-cash payments amongst the mass.
After more than a half-century operating in the market, Vietcombank, one of the biggest commercial banks in Vietnam, currently has more than 15,000 employees, more than 500 branches / transaction offices / representative office / affiliates both in Vietnam and abroad, including Head Office in Hanoi, 101 branches, over 395 transaction offices all over the country, 3 subsidiaries in Vietnam, 1 representative office in Singapore, 01 representation office in Ho Chi Minh City, 2 subsidiaries in other countries and 4 joint ventures. In addition, Vietcombank has also developed an Autobank system with over 2,300 ATMs and more than 43,000 merchants nationwide. Bank’s operations are supported by a network of more than 1,726 correspondent banks in 158 countries and territories around the world.
Vietcombank’s team of professional employees with excellent ability in banking and finance have a good sense for modern and integrated business environment. Thanks to their contribution, Vietcombank remains the primary choice for large corporations, domestic and foreign enterprises as well as millions individual customers.
Heading towards international standards, Vietcombank has been continuously rated as “Best Bank in Vietnam” by global prestigious organisations. Vietcombank is also the first and only bank in Vietnam voted among Top 500 world leading banks by The Banker.
With great wisdom and high dedication, Vietcombank staff has been making efforts striving for a more and more sustainable Vietcombank. Vietcombank’s goal is to become Number 1 bank in Vietnam in 2020 and among 300 largest banking financial groups managed by best international practices.