Vietnam Technology and Commercial Joint Stock Bank (Techcombank)
Chairman
Mr Hồ Hùng Anh
CEO
Mr Jens Lottner
Authorized capital
Head Office
No. 6 Quang Trung Street, Tran Hung Dao Ward, Hoan Kiem District, Hanoi City
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Vietnam Technological and Commercial Joint Stock Bank (Techcombank) was established in 1993 with an initial capital of VND 20 billion.
Techcombank's headquarters is located at No. 6 Quang Trung Street, Hoan Kiem District, Hanoi.
The bank currently has branches and headquarters in all provinces and cities nationwide with more than 11,882 employees (as of the first quarter of 2020).
Techcombank has been awarded many financial and banking awards by many Vietnamese and international organizations, and is considered one of the leading prestigious banks in Vietnam.
(Source Techcombank)
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With 31 years of history, Techcombank has been a key enabler of Việt Nam’s economic growth and as sustainability becomes increasingly vital, the bank is embedding ESG into its core business strategy to ensure continued success and environmental protection.
Bank transfers lead to rebranding phase
Vietnam’s banking landscape is being reshaped by mandatory transfers, marking a pivotal step in stabilising weak banks and strengthening the sector.
Five banks qualify for year-end credit room expansion
Five banks, including Vietinbank, ACB, VIB, Techcombank and MSB, have qualified for the credit room expansion in the last time of this year
Techcombank proactive with ESG and sustainability
Thai Minh Diem Tu, chief marketing officer of Techcombank, scrutinises Techcombank’s environmental, social, and governance (ESG) journey, focusing on how the bank integrates mass participation sport into its wider ESG approach and supports Vietnam’s sustainability goals.
Massive dividends on offer to bank shareholders
Vietnamese banks envisage distributing dividends to their bank shareholders this year.
Banks show positive results during third quarter
Techcombank announced that pre-tax profit in the first nine months of this year reached VNĐ22.8 trillion, up 33.5 per cent over the same period last year.
Year-end credit growth driven by industrial sector
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Techcombank to launch new non-life insurance company
Techcom Non-Life Insurance Joint Stock Company (TCGIns) has received approval from the Ministry of Finance and is scheduled to begin operations in early November.
State-owned banks struggle to increase capital
While private joint stock commercial banks have increased capital significantly so far this year, the capital for State-owned commercial banks has remained stagnant.
Several banks suspend interest payments for typhoon-affected borrowers
Several banks have granted borrowers affected by Typhoon Yagi and its aftermath interest waivers or reductions, as well as support for obtaining new loans.
Vietnamese banks aim to become among top 100 in Asia
Credit capacity, low interest rates, and comprehensive digital transformation are key areas that Vietnam's commercial banking system must focus on to break into Asia's top 100 banks.
Banking Innovation in the Digital Age
On September 11 and 12, in Ho Chi Minh City, the ENGAGE Asia 2024 conference took place, gathering more than 180 leading bank leaders, managers and technology experts. The event focused on the topic of "Innovating the banking industry in the digital age", aiming to find solutions to promote digital transformation and innovation in the Vietnamese banking industry.
Banks still counting profit from securities trading
Despite market volatilities, many banks still count healthy profits from securities trading.
Techcombank scoops three prestigious awards by Asian Banking & Finance magazine
Hanoi-headquartered Techcombank has won three prestigious awards from financial publication Asian Banking & Finance.
Bad debts remained a challenge for banks in H1
Banks' non-performing loans continued to grow in the first half of this year, with some banks even witnessing double-digit growth, whereas their loan loss reserve ratio trended downwards.
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