Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank)
- 198 Tran Quang Khai Street, Hoan Kiem District, Hanoi
- +84 24 39343137
| COMPANY PROFILE
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 55 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.
With the continuous efforts of generations of leaders and staff, Vietcombank has now become the leading bank in the Vietnamese market, with total assets of over $ 50 billion and the highest market capitalization among organizations of credit on the domestic stock market, is the only Vietnamese bank in the Top 30 strongest banks in the Asia-Pacific region voted by The Asian Banker. In addition, Vietcombank has always been highly appreciated by prestigious organizations in the world for many consecutive years such as: Top 1,000 largest listed companies globally as announced by Forbes Magazine in 2020 (Vietcombank ranked 937); Best Bank in Vietnam awarded by Euromoney, Finance Asia; Top 100 most powerful enterprises as assessed by Nikkei Asian Review… .Vietcombank currently establishes and maintains correspondent banking relations with 1,316 banks in 102 countries and territories worldwide. Vietcombank’s network is also constantly expanding in the country with 111 branches, 472 transaction offices, 3 affiliated companies, 1 representative office in Ho Chi Minh City, and 4 associated joint venture companies. Overseas, Vietcombank has representative offices in the US, Singapore; A Hong Kong-based finance company, a Laos subsidiary, is also completing the procedures to prepare a branch in Australia.
Being a multi-purpose bank with strengths in both wholesale, retail and investment services, at the forefront in applying the best international standards; with capacity assessed by leading organizations in the world, experience in implementing services with leading enterprises in Vietnam, high quality human resources are always sensitive to modern business environment, association Import …, systems in all provinces / cities of Vietnam and partners in most countries and territories around the world, Vietcombank is confident to bring the best solution for businesses, individuals, and the part that enhances the value and success of customers.
Vietcombank is also the leading bank in the payment industry in Vietnam, is the only bank in the market to issue and accept a variety of debit and credit cards with many of the top card brands. around the world such as Visa, Mastercard, American Express, JCB … applying modern EMV and contactless technology, safe and secure; is the leading bank in card payment with the largest market share in the market. Vietcombank has set a vision and strategic goal by 2025 to maintain its position as the number one bank in Vietnam; to become one of the 100 largest banks in Asia; One of the 300 largest financial and banking groups in the world, one of the 1,000 largest listed companies in the world, has made great contributions to the development of Vietnam. Vietcombank is always proud to have a large customer network and is honored to always receive customers’ trust and companionship; is proud to be a service provider in the process of improving service and governance capabilities of leading Vietnamese enterprises.