With a desire to contribute to the development of Vietnamese stock market and promote experience in building and developing payment systems in banks, Vietcombank proactively built a specialized payment banking system (VCB C-Bond) for the private placement segment of the corporate bond market.
Vietcombank’s specialized payment banking system fulfills the demand for immediate settlement, transaction-level transparency, and precise balance monitoring for bond transactions across individual investors. This innovative and exceptional capability enables rapid capital flow and enhances the transparent and efficient management of market information.
VCB C-Bond also prioritizes host-to-host connectivity via API between Vietcombank and the Vietnam Securities Depository and Clearing Corporation (VSD) as well as other market participants, ensuring that transactions are executed swiftly, securely, and with a high level of confidentiality.
In 2023, Vietcombank achieved significant milestones with the introduction of a series of distinguished products and services, including the launch of Apple Pay in Vietnam, a modern and secure payment method that offers unparalleled convenience through a simple touch on contactless-enabled devices like iPhone and Apple Watch. Notably, the market also welcomed the Vietcombank Visa Infinite card, designed specifically for the Diamond Elite segment within Vietcombank Priority, representing the highest tier of clientele. With an array of exclusive privileges spanning travel, dining, golf, healthcare, and more, the Vietcombank Visa Infinite card delivers unique and memorable experiences for customers and their relatives.
In March 2023, commemorating its 60th anniversary (01/04/1963 - 01/04/2023), Vietcombank was bestowed awarded with the prestigious title of Hero of Labor in acknowledgment of its exceptional achievements. This accolade underscores the profound recognition and high esteem accorded by the Party and State to Vietcombank for its enduring dedication and significant contributions to the nation’s construction and defense over the span of six decades.
A series of meaningful and unique activities for celebrating Vietcombank’s 60th anniversary and receiving the title of Labor Hero were deployed throughout the system to enhance internal engagement and customer, public engagement, including: Run race “Ten Thousand Hearts - One Faith”, the 60-year Vietcombank Contest: “Spread pride - desire to contribute”, Vietcombank Priority Gallery Concert “Masterpiece of Time”, Sports festival “Connecting power - Breakthrough to success”, the humanitarian blood donation activity “Giving roses, giving love”, Launching the “Strong Future” Fund for poor and talented students, etc.
Especially, the celebration and reception of the title Hero of Labor received deep attention from the leaders of the Party, Government, and National Assembly, local departments, agencies and numerous domestic and foreign customers and partners. It is a great honor and encouragement for the Vietcombank system to confidently conquer new heights to serve the country, its people and customers.
Since the beginning of 2023, Vietcombank implemented a series of policies to promote economic recovery and development under the direction of the Government and the State Bank with synchronous solutions: 10 reductions in deposit interest rates; policies to reduce lending interest rates in line with Government and the State Bank directives; proactive reduction of lending rates for existing and new loans to facilitate affordable access to capital for business recovery. Throughout the year, Vietcombank has implemented three policies reducing lending rates by up to 0.5% (applicable from 01/01/2023 to 31/12/2023); launched loan programs with low interest rates; made efforts to save operating costs as a basis to reduce loan interest rates and waive/reduce fees for customers; Issued specialized products to meet customer needs; Actively reviewed and analyzed existing regulations/processes/products, thereby proposing improvements and streamlining loan forms, simplifying foreign exchange management procedures, etc.
In 2023, the total number of customers receiving reduced interest rates was nearly 290,000 customers with loan balance of over VND 1 quadrillion, the total amount of reduced interest for customers reached ~ VND 5,800 billion.
With robust financial strength and outstanding business efficiency, Vietcombank has consistently been a listed enterprise and the bank making the largest contribution to the state budget.
In addition to these contributions, Vietcombank consistently complies with tax regulations and has been honored by the General Department of Taxation as the sole coordinating unit for collecting taxes on e-commerce business activities of foreign suppliers. It is also one of the first two commercial banks to successfully integrate electronic tax filing through the eTax Mobile application.
In 2023, Vietcombank was honored to be selected and recognized as the exemplary tax-paying bank for the period 2020-2022.
With the guidelines of placing workers at the center, Vietcombank has consistently prioritized ensuring a humane and effective working environment where employees can maximize their abilities, strengths, and enthusiasm. The bank has continually focused on enhancing the material and spiritual well-being of its employees, ensuring and continuously increasing their legitimate rights and benefits. Vietcombank strives to foster harmonious, stable, and progressive relationships, aiming towards sustainable development goals.
In 2023, Vietcombank continued to be honored and named as a “Outstanding Enterprise for Workers” for the fourth consecutive time awarded by Vietnam General Confederation of Labor, Ministry of Labor – War Invalids and Social Affairs, Vietnam Chamber of Commerce and Industry (VCCI) and the Labor Newspaper.
Also in 2023, Vietcombank was voted for the eighth consecutive time as the bank with the best working environment in Vietnam. Additionally, it ranked in the Top 50 most attractive employer brands for Vietnamese students according to a ranking by Anphabe in collaboration with market research company Intage.
In 2023, Vietcombank continued to maintain a high position in the rankings of prestigious international organizations such as: being the most valuable bank in Vietnam assessed by Brand Finance; Best Bank in Vietnam voted by Alpha SEA; “Market leader” and “Best service” in Vietnam through Asia Money’s financial survey, Best digital transformation bank and bank with the best investment relationship evaluated by International Finance, etc. Domestically, Vietcombank was honored as the leader in Top 10 prestigious commercial banks in Vietnam in 2023 and included in the Top 10 strong brands in Vietnam for 9 consecutive times. Vietcombank was included in the “List of 50 best listed companies” ranked by Forbes Vietnam... won other awards and honors from ministries/industries and domestic and international organizations/units.
With a market capitalization exceeding 20 billion USD, Vietcombank maintains its presence in the Top 100 largest listed banks globally, ranking 93rd as of the end of 2023.
On July 17th 2023, Ho Chi Minh City Stock Exchange (HOSE) announced the list of component stocks of the VNSI index (Vietnam Sustainability Index) effective from August 7th 2023. Accordingly, Vietcombank was evaluated by the Ho Chi Minh City Stock Exchange as one of the 20 enterprises with the best sustainable development index in Vietnam as a recognition of Vietcombank’s continuous efforts in its commitments to contribute to the Government of Vietnam implementing the sustainable development strategy, emphasizing transparency, responsibility, and creating shared value for the community.
Vietcombank’s strategic development roadmap through 2025 and its vision for 2030 prominently prioritizes sustainable development, aiming to establish Vietcombank as a foremost leader in ESG. Its inclusion among the top 20 companies with the highest sustainability index in the stock market for 2023 represents an initial milestone in actualizing this long-term developmental trajectory.
In 2023, Vietcombank embarked and successfully concluded a project on the review and completion of development strategy up to 2025 with a vision toward 2030. This project holds paramount significance, enabling Vietcombank to delineate a robust long-term development trajectory, articulate comprehensive plans, and implement strategic directions comprehensively. The strategy delineates 6 primary objectives and 17 secondary objectives, guiding 10 operational sectors through 36 ambitious initiatives aimed at seizing opportunities, asserting leadership, and achieving global ambitions: to become the largest financial conglomerate in Vietnam, ranked among the top 200 global financial corporations, and be counted among the 700 largest listed companies globally, thereby making substantial contributions to Vietnam’s sustainable development.
Mrs. Nguyen Thi Hong - Member of the Party Central Committee, Secretary of the Party Committee, Governor of the State Bank presented the Decision and gave flowers to congratulate Mr. Pham Quang Dung
In 2023, Vietcombank’s senior human resources apparatus has undergone important changes and additions, which were decisive in improving the quality of management and operation, bringing high efficiency to Vietcombank in many operational aspects. In January 2023: comrade Mr. Nguyen Thanh Tung was elected as a BOD Member and appointed as CEO; In April 2023, the Board of Directors and Supervisory Board of VCB for 2023 - 2028 term were elected by the General Meeting of Shareholders; In August 2023, Comrade Mr. Le Hoang Tung and Comrade Mr. Ho Van Tuan were appointed as Deputy CEOs; In November 2023, Comrade Mrs. Nguyen Thi Kim Oanh was additionally elected to the Board of Directors for 2023-2028 term; In December 2023, Comrade Mrs. La Thi Hong Minh was appointed to the position of Chief Accountant of VCB. In addition, Vietcombank also consolidated its division directors such as IT & Digital transformation director, Transformation Director, Legal & Compliance director, and Retail director.
In 2023, leveraging its role as a leading and pivotal bank, Vietcombank has arranged financing for a series of key national and strategic projects, while restructuring financial resources to optimize capital costs for clients.
Provided financial assistance to Long Thanh project, component 3 under “Long Thanh International Airport Project, Phase 1” of ACV worth USD 1.8 billion arranged by Vietcombank and total investment capital of the project of VND 99,000 billion.
Arranged capital for component projects of the Block B gas power project chain of Vietnam Oil and Gas Group (Petrovietnam) with total investment of nearly $12 billion.
Provided financial support to Nhon Trach 3 and 4 Power Plant Projects worth VND 4 trillion arranged by Vietcombank and total investment of nearly VND 30 trillion.
With a desire to contribute to the development of Vietnamese stock market and promote experience in building and developing payment systems in banks, Vietcombank proactively built a specialized payment banking system (VCB C-Bond) for the private placement segment of the corporate bond market.
Vietcombank’s specialized payment banking system fulfills the demand for immediate settlement, transaction-level transparency, and precise balance monitoring for bond transactions across individual investors. This innovative and exceptional capability enables rapid capital flow and enhances the transparent and efficient management of market information.
VCB C-Bond also prioritizes host-to-host connectivity via API between Vietcombank and the Vietnam Securities Depository and Clearing Corporation (VSD) as well as other market participants, ensuring that transactions are executed swiftly, securely, and with a high level of confidentiality.
In 2023, Vietcombank achieved significant milestones with the introduction of a series of distinguished products and services, including the launch of Apple Pay in Vietnam, a modern and secure payment method that offers unparalleled convenience through a simple touch on contactless-enabled devices like iPhone and Apple Watch. Notably, the market also welcomed the Vietcombank Visa Infinite card, designed specifically for the Diamond Elite segment within Vietcombank Priority, representing the highest tier of clientele. With an array of exclusive privileges spanning travel, dining, golf, healthcare, and more, the Vietcombank Visa Infinite card delivers unique and memorable experiences for customers and their relatives.
In March 2023, commemorating its 60th anniversary (01/04/1963 - 01/04/2023), Vietcombank was bestowed awarded with the prestigious title of Hero of Labor in acknowledgment of its exceptional achievements. This accolade underscores the profound recognition and high esteem accorded by the Party and State to Vietcombank for its enduring dedication and significant contributions to the nation’s construction and defense over the span of six decades.
A series of meaningful and unique activities for celebrating Vietcombank’s 60th anniversary and receiving the title of Labor Hero were deployed throughout the system to enhance internal engagement and customer, public engagement, including: Run race “Ten Thousand Hearts - One Faith”, the 60-year Vietcombank Contest: “Spread pride - desire to contribute”, Vietcombank Priority Gallery Concert “Masterpiece of Time”, Sports festival “Connecting power - Breakthrough to success”, the humanitarian blood donation activity “Giving roses, giving love”, Launching the “Strong Future” Fund for poor and talented students, etc.
Especially, the celebration and reception of the title Hero of Labor received deep attention from the leaders of the Party, Government, and National Assembly, local departments, agencies and numerous domestic and foreign customers and partners. It is a great honor and encouragement for the Vietcombank system to confidently conquer new heights to serve the country, its people and customers.
Since the beginning of 2023, Vietcombank implemented a series of policies to promote economic recovery and development under the direction of the Government and the State Bank with synchronous solutions: 10 reductions in deposit interest rates; policies to reduce lending interest rates in line with Government and the State Bank directives; proactive reduction of lending rates for existing and new loans to facilitate affordable access to capital for business recovery. Throughout the year, Vietcombank has implemented three policies reducing lending rates by up to 0.5% (applicable from 01/01/2023 to 31/12/2023); launched loan programs with low interest rates; made efforts to save operating costs as a basis to reduce loan interest rates and waive/reduce fees for customers; Issued specialized products to meet customer needs; Actively reviewed and analyzed existing regulations/processes/products, thereby proposing improvements and streamlining loan forms, simplifying foreign exchange management procedures, etc.
In 2023, the total number of customers receiving reduced interest rates was nearly 290,000 customers with loan balance of over VND 1 quadrillion, the total amount of reduced interest for customers reached ~ VND 5,800 billion.
With robust financial strength and outstanding business efficiency, Vietcombank has consistently been a listed enterprise and the bank making the largest contribution to the state budget.
In addition to these contributions, Vietcombank consistently complies with tax regulations and has been honored by the General Department of Taxation as the sole coordinating unit for collecting taxes on e-commerce business activities of foreign suppliers. It is also one of the first two commercial banks to successfully integrate electronic tax filing through the eTax Mobile application.
In 2023, Vietcombank was honored to be selected and recognized as the exemplary tax-paying bank for the period 2020-2022.
With the guidelines of placing workers at the center, Vietcombank has consistently prioritized ensuring a humane and effective working environment where employees can maximize their abilities, strengths, and enthusiasm. The bank has continually focused on enhancing the material and spiritual well-being of its employees, ensuring and continuously increasing their legitimate rights and benefits. Vietcombank strives to foster harmonious, stable, and progressive relationships, aiming towards sustainable development goals.
In 2023, Vietcombank continued to be honored and named as a “Outstanding Enterprise for Workers” for the fourth consecutive time awarded by Vietnam General Confederation of Labor, Ministry of Labor – War Invalids and Social Affairs, Vietnam Chamber of Commerce and Industry (VCCI) and the Labor Newspaper.
Also in 2023, Vietcombank was voted for the eighth consecutive time as the bank with the best working environment in Vietnam. Additionally, it ranked in the Top 50 most attractive employer brands for Vietnamese students according to a ranking by Anphabe in collaboration with market research company Intage.
In 2023, Vietcombank continued to maintain a high position in the rankings of prestigious international organizations such as: being the most valuable bank in Vietnam assessed by Brand Finance; Best Bank in Vietnam voted by Alpha SEA; “Market leader” and “Best service” in Vietnam through Asia Money’s financial survey, Best digital transformation bank and bank with the best investment relationship evaluated by International Finance, etc. Domestically, Vietcombank was honored as the leader in Top 10 prestigious commercial banks in Vietnam in 2023 and included in the Top 10 strong brands in Vietnam for 9 consecutive times. Vietcombank was included in the “List of 50 best listed companies” ranked by Forbes Vietnam... won other awards and honors from ministries/industries and domestic and international organizations/units.
With a market capitalization exceeding 20 billion USD, Vietcombank maintains its presence in the Top 100 largest listed banks globally, ranking 93rd as of the end of 2023.
On July 17th 2023, Ho Chi Minh City Stock Exchange (HOSE) announced the list of component stocks of the VNSI index (Vietnam Sustainability Index) effective from August 7th 2023. Accordingly, Vietcombank was evaluated by the Ho Chi Minh City Stock Exchange as one of the 20 enterprises with the best sustainable development index in Vietnam as a recognition of Vietcombank’s continuous efforts in its commitments to contribute to the Government of Vietnam implementing the sustainable development strategy, emphasizing transparency, responsibility, and creating shared value for the community.
Vietcombank’s strategic development roadmap through 2025 and its vision for 2030 prominently prioritizes sustainable development, aiming to establish Vietcombank as a foremost leader in ESG. Its inclusion among the top 20 companies with the highest sustainability index in the stock market for 2023 represents an initial milestone in actualizing this long-term developmental trajectory.
In 2023, Vietcombank embarked and successfully concluded a project on the review and completion of development strategy up to 2025 with a vision toward 2030. This project holds paramount significance, enabling Vietcombank to delineate a robust long-term development trajectory, articulate comprehensive plans, and implement strategic directions comprehensively. The strategy delineates 6 primary objectives and 17 secondary objectives, guiding 10 operational sectors through 36 ambitious initiatives aimed at seizing opportunities, asserting leadership, and achieving global ambitions: to become the largest financial conglomerate in Vietnam, ranked among the top 200 global financial corporations, and be counted among the 700 largest listed companies globally, thereby making substantial contributions to Vietnam’s sustainable development.
Mrs. Nguyen Thi Hong - Member of the Party Central Committee, Secretary of the Party Committee, Governor of the State Bank presented the Decision and gave flowers to congratulate Mr. Pham Quang Dung
In 2023, Vietcombank’s senior human resources apparatus has undergone important changes and additions, which were decisive in improving the quality of management and operation, bringing high efficiency to Vietcombank in many operational aspects. In January 2023: comrade Mr. Nguyen Thanh Tung was elected as a BOD Member and appointed as CEO; In April 2023, the Board of Directors and Supervisory Board of VCB for 2023 - 2028 term were elected by the General Meeting of Shareholders; In August 2023, Comrade Mr. Le Hoang Tung and Comrade Mr. Ho Van Tuan were appointed as Deputy CEOs; In November 2023, Comrade Mrs. Nguyen Thi Kim Oanh was additionally elected to the Board of Directors for 2023-2028 term; In December 2023, Comrade Mrs. La Thi Hong Minh was appointed to the position of Chief Accountant of VCB. In addition, Vietcombank also consolidated its division directors such as IT & Digital transformation director, Transformation Director, Legal & Compliance director, and Retail director.
In 2023, leveraging its role as a leading and pivotal bank, Vietcombank has arranged financing for a series of key national and strategic projects, while restructuring financial resources to optimize capital costs for clients.
Provided financial assistance to Long Thanh project, component 3 under “Long Thanh International Airport Project, Phase 1” of ACV worth USD 1.8 billion arranged by Vietcombank and total investment capital of the project of VND 99,000 billion.
Arranged capital for component projects of the Block B gas power project chain of Vietnam Oil and Gas Group (Petrovietnam) with total investment of nearly $12 billion.
Provided financial support to Nhon Trach 3 and 4 Power Plant Projects worth VND 4 trillion arranged by Vietcombank and total investment of nearly VND 30 trillion.
With a desire to contribute to the development of Vietnamese stock market and promote experience in building and developing payment systems in banks, Vietcombank proactively built a specialized payment banking system (VCB C-Bond) for the private placement segment of the corporate bond market.
Vietcombank’s specialized payment banking system fulfills the demand for immediate settlement, transaction-level transparency, and precise balance monitoring for bond transactions across individual investors. This innovative and exceptional capability enables rapid capital flow and enhances the transparent and efficient management of market information.
VCB C-Bond also prioritizes host-to-host connectivity via API between Vietcombank and the Vietnam Securities Depository and Clearing Corporation (VSD) as well as other market participants, ensuring that transactions are executed swiftly, securely, and with a high level of confidentiality.
In 2023, Vietcombank achieved significant milestones with the introduction of a series of distinguished products and services, including the launch of Apple Pay in Vietnam, a modern and secure payment method that offers unparalleled convenience through a simple touch on contactless-enabled devices like iPhone and Apple Watch. Notably, the market also welcomed the Vietcombank Visa Infinite card, designed specifically for the Diamond Elite segment within Vietcombank Priority, representing the highest tier of clientele. With an array of exclusive privileges spanning travel, dining, golf, healthcare, and more, the Vietcombank Visa Infinite card delivers unique and memorable experiences for customers and their relatives.