Joint Stock Commercial Bank for Foreign Trade of Vietnam
7.40
THB
+0.05
(+0.68%)
Joint Stock Commercial Bank for Foreign Trade of Vietnam
SET:VCB19
(Stock Exchange of Thailand)
Recent
price
7.40
P/E
ratio
12.28
div
yld
- -
ROIC.AI
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- Business
- Joint Stock Commercial Bank for Foreign Trade of Vietnam, commonly known as Vietcombank, is a Vietnam-based commercial banking institution primarily engaged in the provision of retail, corporate, and investment banking services, international trade finance, and treasury operations. Founded in 1963 and headquartered in Hanoi, Vietnam, the bank serves individual consumers, small and medium-sized enterprises, large domestic conglomerates, multinational corporations, and institutional clients across Vietnam and select international markets. The State Bank of Vietnam holds a majority equity stake in the institution, with Japan-based Mizuho Bank acting as a key foreign strategic shareholder. The bank organizes its operations across key segments, including Retail Banking, Corporate Banking, Treasury and Capital Markets, and Investment Banking and Specialized Financial Services. Its comprehensive portfolio of products and services includes: retail deposit and wealth management solutions, comprising current accounts, term deposits, structured savings plans, certificates of deposit, and wealth advisory; consumer credit facilities, featuring residential mortgages, home improvement loans, auto loans, unsecured personal credit lines, overdraft protections, and study abroad financing; corporate and commercial lending, encompassing working capital loans, medium- and long-term project financing, syndicated credit facilities, green financing, and infrastructure debt; international trade and supply chain finance, including import and export letters of credit, documentary collections, bank guarantees, performance bonds, and international factoring; transactional banking and liquidity management, delivering account sweeping, centralized payroll processing, tax and customs automated payments, and advanced enterprise liquidity management via the VCB CashUp platform; payment and card issuing services, including domestic and international credit, debit, and prepaid cards under Visa, Mastercard, JCB, and Napas payment networks, merchant point-of-sale acquiring systems, and digital QR code payment infrastructure; digital banking applications, highlighted by the VCB Digibank omnichannel platform for retail customers and the VCB DigiBiz platform tailored for micro, small, and medium enterprises; foreign exchange and treasury services, encompassing spot, forward, futures, currency swaps, interest rate derivatives, money market placements, and government bond dealing; and investment banking and ancillary services, comprising securities brokerage, equity underwriting, corporate bond issuance advisory, merger and acquisition consultancy, custodial services, asset management, and equipment financial leasing. Geographically, Vietcombank maintains a nationwide network of hundreds of branch locations and transaction offices across Vietnam, complemented by international operations and representative offices in Singapore, the United States, Laos through Vietcombank Laos, and Hong Kong. Key operating subsidiaries and affiliates include Vietcombank Securities Company Limited (VCBS), Vietcombank Financial Leasing Company Limited (VCBL), Vietcombank Money Company Limited, and Vietcombank Bonday Tower Company. In recent corporate and strategic developments, Vietcombank completed the mandatory transfer and restructuring of Construction Bank (CBBank), integrating the distressed financial institution into its operational network under the VCBNeo brand while benefiting from regulatory incentives including enhanced credit growth allocations and reserve flexibility from the State Bank of Vietnam. To reinforce its capital adequacy toward Basel III compliance, the bank expanded its equity base, elevating its charter capital above VND 83.5 trillion through retained earnings capitalizations while advancing private placement offerings of equity to strategic institutional investors. Vietcombank also entered into major commercial financing agreements, including a structured financing partnership with Vietnam Airlines to fund the procurement of 50 new narrow-body aircraft and comprehensive multi-sector financing pacts with major domestic enterprises such as BIM Group. Additionally, the bank executed significant digital infrastructure upgrades, introducing demographic-specific interfaces within VCB Digibank, such as YouPro for younger demographics and An Vui for senior users, while expanding enterprise automation tools across its transaction banking ecosystem.