Vietcombank Milestones

  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2016
  • 2013
  • 2011
  • 2009
  • 2008
  • 2000
  • 1987
  • 1975
  • 1965
  • 1963
  • 1955
vcb

Leading in innovation and digital transformation

Vietcombank has been awarded prestigious prizes: the most innovative and efficient bank in Vietnam; an exemplary digital transformation bank

Reaffirming social responsibility

Vietcombank is the No. 1 bank to contribute tax to the state budget

Promoting management capacity

January 2021, The Asian Banker magazine awarded Joint Stock Commercial Bank for Foreign Trade of Vietnam the award of “Best-managed bank during the COVID-19 pandemic”

Vietcombank applied advanced technology systems, firmly affirming the No. 1 position

On January 27th, 2020: Vietcombank successfully went live with its Core Banking system; During this period, Vietcombank has successfully overcome the Covid-19 pandemic and solidified its position as the number one bank in Vietnam across multiple aspects. It is also listed among the top 100 publicly traded banks globally in terms of market capitalization, according to Reuters

Continuing to expand operations, achieving a record profit of 1 billion US dollars.

On November 1st, 2019, Vietcombank’s Representative Office was officially launched in the U.S; On November 12th, 2019, Vietcombank signed an insurance distribution agreement with FWD Insurance Company, which has the largest value in the life insurance sector up to the signing date; In 2019, Vietcombank continued to achieve impressive breakthroughs and new records, becoming the first Vietnamese bank to reach USD 01 billion in profit

Expanding the operating network abroad and meet international standards

On October 19th, 2018, Vietcombank officially inaugurated its operations in Laos; On November 28th, 2018, Vietcombank became the first bank officially granted Decision No. 2315/QD-NHNN by the State Bank of Vietnam approving the implementation of Basel II. The Bank is allowed to apply Circular No. 41 one year earlier than required.

Issuing development strategy

December 1, 2016: Vietcombank issued its development strategy until 2020. In 2016, Vietcombank regained the No. 1 position in profit.

Launching a new brand identity system

March 31, 2013: Vietcombank launched a new brand identity system with the slogan "Together for the future"

Signing strategic shareholder contract

On September 30, 2011: Vietcombank signed a strategic shareholder contract with Mizuho Corporate Bank of Mizuho Financial Group, Japan.

Listing and trading on the stock exchange

On June 30th, 2009: VCB shares were officially listed and traded on the Ho Chi Minh City Stock Exchange (HOSE)

Converting into a joint stock commercial bank

On June 2nd, 2008: Vietcombank officially converted into a joint stock commercial bank after pioneering equitization and successfully issuing initial public offerings (IPO) in 2007

Completing the successful Restructuring Scheme

2000-2005: Vietcombank pioneered building and completing the successful Restructuring Scheme and modernization bank

Issuing Vietnamese dong bills of foreign currency origin

1987: Vietcombank is the only commercial bank allowed to issue Vietnamese dong bills of foreign currencies origin, contributing to the synchronous management of foreign currency use and spending.

Taking over the old banking system, confirm the role of foreign bank

From April 1975 to 1987: Vietcombank participated in taking over the old banking system, inheriting Vietnam's membership rights at international financial institutions; participated in handling the national debt, fighting against embargoes; successfully assumed the role of the only bank holding the monopoly on three aspects: foreign currency, import-export credit and payment for international transactions.

Operating the monetary route

From April 1965 to April 1975: Vietcombank directly participated in the operation of the monetary route (codename B29), received and "processed" money from abroad, brought it back to the country to manage and provide aid for Southern Revolution

Vietcombank officially went into operation

April 1st, 1963: Vietcombank officially went into operation ( in accordance with Decree No. 115/CP dated October 30th, 1962 issued by the Government Council)

The predecessor of Vietcombank

January 1st, 1955: Establish the Foreign Exchange Management Department under the Vietnam National Bank - The predecessor of Vietcombank

Credit rating report

For many years, Vietcombank has always been appreciated and ranked highly by leading organizations in the world for its prestige and strength

BB


Long-term issuer credit rating

bb-


Standalone credit profile

Positive


Outlook

Ba2


Long-term issuer credit rating

ba3


Standalone credit profile

Stable


Outlook

BB


Long-term issuer rating

bb-


Standalone credit profile

Stable


Outlook

Trend-setting Innovation
Vietcombank successfully designed and developed VCB CashUp - the first modern and comprehensive system in Vietnam for payment and cash management with Omni-channel integration to fully support the multi-tier and multilateral management for corporate ecosystem.

Reputation shaping the future

Vietcombank has affirmed its reputation and prestige with domestic and international awards
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2023
Best FXall Taker in Vietnam
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2023
Most Valuable Bank Brand In Vietnam
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2022
Top 500 Strongest Banks In The Asia-Pacific