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Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank)

Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank)

Chairman

Mr Do Viet Hung is in charge from 1/1/2024

CEO

Mr Nguyễn Thanh Tùng

Authorized capital

47.325.166 millions VND (up to date 31/12/2022)

Head Office

Vietcombank Tower, 198 Tran Quang Khai Street, Ly Thai To Ward, Hoan Kiem District, Hanoi city, Vietnam

Website

https://www.vietcombank.com.vn/

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Over the past 60 years, Vietcombank has made significant contributions to the country's struggle for national unification, the establishment of socialism in the northern region, and participated in overcoming difficulties during the period of central planning. It has been a pioneering bank during the periods of renewal, integration, and development. Particularly, the last 10 years have marked a remarkable transformation and breakthrough for Vietcombank, with impressive growth in scale, business quality, and efficiency, achieving new heights and continued success. This has opened up great opportunities for the bank in the next phase of development, contributing to the overall prosperity of Vietnam.
The JSC Bank for Foreign Trade of Vietnam, formerly known as Bank for Foreign Trade of Vietnam, was established on April 01st, 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 commenced operation on June 2nd, 2008 after the successful implementation of the equitization plan through initial public offering. On June 30th, 2009, Vietcombank (ticker symbol: VCB) was officially listed on Ho Chi Minh City Stock Exchange.
During its 60 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 expanding influence in the regional and global financial community
Originally a specialized bank for foreign trade, Vietcombank nowadays has become a universal bank, providing customers with a wide range of leading financial services in international trade; from traditional services such as money market, capital market, credit, project financing, etc., to modern banking services such as forex trading and derivatives, card services, e-banking, etc.
Owning a modern banking technical infrastructure with the successful transformation of the core banking system (Core Banking) in early 2020, Vietcombank has many advantages of applying advanced technology into the automatic banking system, products development, e-banking services, based on its high technology foundation. The digital transaction space with the multi-functional digital banking services provided to retail and commercial customers such as: VCB Digibank, VCB - iB@nking, VCB CashUp, VCB DigiBiz... has attracted and will continue to attract a large number of customers with its convenience, speed, safety, effectiveness, thereby promoting cashless payment to the Bank’s customer base at large
After more than half a century of operation in the market, nowadays, Vietcombank is one of the largest commercial banks in Vietnam. Vietcombank currently has more than 600 branches/transaction offices/representative offices/affiliates both in Vietnam and abroad including: Head quarter in Hanoi; 126 Branches; 510 transaction offices; 04 domestic Subsidiaries (Leasing Company, Securities Company, Remittance Company, Vietcombank Tower 198); 03 overseas Subsidiaries (Vinafico Hongkong Company, VCB Money Inc. in the U.S, a Subsidiary bank in Laos); 01 Representative office in Ho Chi Minh City; 01 Representative Office in Singapore, 01 Representative Office in the US ; 03 Non-business units: Human Resources Development and Training School; 01 Cash Processing Center in Hanoi and 01 Cash Processing Center in Ho Chi Minh City; 03 Joint-venture and associate companies. Vietcombank currently employs nearly 23,000 people. In addition, Vietcombank has also developed an Autobank system with over 2,500 ATMs and more than 60,000 merchants accepting card payments across the country. The banking operations are also supported by a network of 1,163 correspondent banks in 93 countries and territories in the world.
Vietcombank’s team of professional employees with solid background in banking and finance and 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 of individual customers.
Heading towards international standards, Vietcombank has been continuously rated as “Best Bank in Vietnam” by global prestigious organizations. Vietcombank is also the leading bank in Vietnam voted among Top 500 world’s leading banks by The Banker in 2022; the only bank of Vietnam among Top 30 Strongest Banks in Asia – Pacific region according to The Asian Banker rankings; and the only representative of Vietnam among the Forbes’ Top 1,000 The World’s Largest Public Companies at the rank of 950. In 2022, in the list of “100 Vietnam best places to work” (announced by Anphabe – a pioneer in consulting employer branding solutions and happy working environment in Vietnam and Intage - a leading market research company in Japan), Vietcombank was ranked the No. 1 in banking industry, No. 3 in Vietnam market, maintaining its leading position for 7 consecutive years as the bank with the best working environment in Vietnam. In 2022, Vietcombank is honored to receive the “Most Helpful Bank during COVID-19 in Vietnam” award by The Asian Banker, which recognizes local corporations for their prominent contributions to business efficiency, and policies in response to the COVID-19 pandemic. 
With considerable determination and high dedication, Vietcombank staff has been constantly striving for a more and more sustainable Vietcombank with the objectives to firmly keep the position as the leading bank in Vietnam towards 2030; to become one of 200 largest banking and financial corporations in the world; one of 700 global largest public companies; and to contribute significantly to the development of Vietnam.
(Source: Vietcombank)

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