Profile
- Messages from Chairman of the Board of Directors and CEO
- General information
- Vietcombank profile
- History of Establishment and Development
- Services and Branch Network Coverage
- Notable Events of Vietcombank in 2023
- Information about Governance Model, Business Organization, and Executives Team
- Key Financial Ratios
- Development Strategy
- 2023 Titles and Rewards
Capability to
build Vision
BUSINESS NAME
Name in Vietnamese:
NGÂN HÀNG THƯƠNG MẠI CỔ PHẦN NGOẠI THƯƠNG VIỆT NAM.
Name in English:
JOINT STOCK COMMERCIAL BANK FOR FOREIGN TRADE OF VIET NAM.
Business name:
VIETCOMBANK
Abbreviation name:
VIETCOMBANK
License of Establishment and Operation No. 138/GP-NHNN issued by State Bank of Vietnam, dated May 23rd, 2008 as amended and supplemented from time to time.
CHARTER CAPITAL (OWNER’S EQUITY):
VND 55,890,912,620,000
CERTIFICATE OF BUSINESS REGISTRATION
Tax code:
0100112437
Certificate of Business Registration No. 0103024468 issued by Ha Noi Department of Planning and Investment dated June 2nd, 2008 (first registration) 17th Amendment issued on January 02nd, 2024.
STOCK CODE: VCB
Par value:VND 10,000
Number of shares:
5.589.091.262
Address:
No. 198 Tran Quang Khai Str., Ly Thai To Ward, Hoan Kiem Dist., Ha Noi, Vietnam
Telephone:
84 - 24 - 3934 3137
Fax:
84 - 24 - 3826 9067
Website:
www.vietcombank.com.vn
Over the past 60 years, Vietcombank has made substantial contributions to the national reunification effort and the establishment of socialism in the North; participated in overcoming challenges during the subsidy era, and has been a pioneering bank during the periods of reform, integration, and development.
In particular, the last 10 years have marked a remarkable transformation and significant breakthrough for Vietcombank, characterized by impressive growth in scale, quality, and business efficiency. This period has seen Vietcombank achieve unprecedented heights and successive successesachievements, opening up great opportunities for the next phase of development and contributing to the overall prosperity of Vietnam.
On October 19, 2018, Vietcombank inaugurated its operations in Laos.
On November 28, 2018, Vietcombank became the first bank officially approved by the State Bank of Vietnam with Decision No. 2315/QD-NHNN to apply Basel II under Circular 41 from January 1, 2019, one year ahead of the prescribed deadline.
On November 1, 2019, Vietcombank inaugurated its representative office in the United States.
It became the first Vietnamese bank to achieve a profit milestone of 1 billion USD.On November 12, 2019, Vietcombank signed a distribution agreement with FWD Insurance Company, the largest in terms of life insurance at the time of signing.
Maintain the position as the No. 1 bank in Vietnam.
Become one of 200 largest banking and financial corporations in the world.
One of 700 global largest public companies.
Contribute to the sustainable development of Vietnam.
Offices
cities
banks
- 16 branches in Hanoi (12.7%)
- 19 branches in the Red River Delta Region (15.1%)
- 10 branches in Northern Midland and Mountainous Region 7.9%
- 17 branches in Northern and Central Regions 13.5%
- 14 branches in the Southern-Central and Highland Regions 11.1%
- 18 branches in Ho Chi Minh City 14.3%
- 17 branches in the Western-Southern Region 13.5%
- 15 branches in Eastern-Southern Region 11.9%
As at December 31st, 2023, Vietcombank maintains correspondent relationships of 1,163 correspondent banks in 93 countries and territories worldwide.
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 stocks with the best sustainable development index in the stock market.
Vietnam Sustainable Development Index (VNSI) was launched by HOSE in collaboration with the German Agency for International Cooperation (GIZ) and the State Securities Commission of Vietnam in July 2017. VNSI is used to evaluate listed companies based on more than 100 criteria according to OECD principles on corporate governance and Global Reporting Initiative (GRI) Standards. VNSI Index reflects sustainable investment trends according to ESG criteria with the following goals: Determine sustainable development standards for listed companies; Support institutional and individual investors to identify “green” businesses to invest in; Strengthen the sustainable development trend of the entire economy; Identify environmental, social and governance best practices; Supplement a new investment tool, contributing to promoting stock market and economic growth.
Being in the Top 20 of VNSI in 2023 recognizes Vietcombank’s continuous efforts in committing to support the Vietnamese government in implementing sustainable development strategies, emphasizing transparency, responsibility, and creating shared value for the community. The increased total score across evaluation categories for Vietcombank in 2023 demonstrates proactive review and gradual improvement in criteria related to policies, management systems, environmental and social performance indicators, corporate governance, and transparency in information disclosure.
According to Brand Finance’s announcement in 2023, 12 Vietnamese banks were on the list of the top 500 most valuable bank brands in the world. Vietcombank ranked 137th, up 25 places compared to the previous year and topped the list of 12 Vietnamese banks.
Vietnam led the ASEAN region in the number of banks in the Top 500, followed by Indonesia and the Philippines (9 banks), Malaysia (8 banks), Thailand (6 banks) and Singapore (3 banks). Vietnamese banks also led ASEAN in the total number of promoted places, specifically: 12 Vietnamese banks moved up 296 places, followed by Indonesia, up 79 places, Singapore up 20 places, while Thailand fell 25 places, Malaysia fell 56 places, and the Philippines fell 80 places.
