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Joint Stock Commercial Bank for Foreign Trade of Vietnam
Native name
Ngân hàng Ngoại thương Việt Nam
TypeJoint stock bank
IndustryBanking and Finance
Founded1 April 1963; 59 years ago (1963-04-01)
Key people
Pham Quang Dung (chairman and chief executive officer)
  • Consumer banking
    Corporate banking
    Investment banking
    Real estate
RevenueVND 36.84 trillion (US$ 1.72 billion) (2014)
VND 577 trillion (US$ 27.01 billion) (2014)
Total assetsVND 5.88 trillion (US$ 280 million) (2014)
Total equityVND 94.095 trillion (2020)
Number of employees
20,062 (2020)

Joint Stock Commercial Bank for Foreign Trade of Vietnam, commonly referred to as Vietcombank, is a commercial bank in Vietnam.


Vietcombank's headquarters are located in Hanoi, Vietnam. As of 31 December 2020[1] the bank had 116 branches and 474 transaction offices in Vietnam, 3 local subsidiaries, 3 overseas subsidiaries, 3 joint ventures, and an overseas representative office in Singapore. As of December 31, 2020, Vietcombank's market capitalization was $15.5 billion.[2]


Joint Stock Commercial Bank for Foreign Trade of Vietnam was founded on 1 April 1963 as Bank for Foreign trade of Vietnam. It was span off from the Foreign Exchange Bureau of the State Bank of Vietnam[3] to be an exclusive bank for foreign trade.[4]

In 1990, Vietcombank diversified its services from being exclusively focused on foreign trade to a become a mass market commercial bank.[4] In 1996 the bank's official name was changed to Joint Stock Commercial Bank for Foreign Trade of Vietnam.[4]

In 2008, Vietcombank was selected by the government to be the pilot for privatization of state-owned companies. The bank was then after listed on the Ho Chi Minh Stock Exchange on 30 June 2009 after a successful IPO[3] that raised US$652 million making it the biggest Vietnamese firm to conduct an initial public offering.[5]

Member companies[edit]

Other than providing banking services, Vietcombank has invested in subsidiaries, joint ventures and associates. These investments include but are not limited to the following:[1]

Name Shareholding Industry
1 Vietcombank Financial Leasing Company Limited 100% Financial leasing
2 Vietcombank Securities Company Limited 100% Investment banking
3 Vietcombank Tower 198 Company Limited 70% Real estate
4 Vietnam Finance Company Limited 100% Financial services
5 Vietcombank Laos 100% Commercial banking
6 Vietcombank Money Incorporated 75% Money transfer
7 Vietcombank - Bonday - Ben Thanh Company Limited 52% Real estate
8 Vietcombank Fund Management Company 51% Investment fund management
9 Vietcombank - Cardif Life Insurance Company Limited 45% Life insurance
10 Vietcombank Bonday Limited 16% Real estate


The shares of the stock of Vietcombank are traded on the Ho Chi Minh Stock Exchange, under the symbol: VCB. As of March 2021, The shareholding in the bank's stock was a follows:[1]

Joint Stock Commercial Bank for Foreign Trade of Vietnam Stock Ownership
Rank Name of Owner Percentage Ownership
1 State Bank of Vietnam 74.80
2 Mizuho Bank 15.00
3 Others 7.89
Total 100.00


Vietcombank is governed by a seven-person Board of Directors with Pham Quang Dung serving as Chairman and CEO.[6]

Vietcombank Tower[edit]

Vietcombank Tower

Vietcombank Tower is 35 storey building in Ho Chi Minh City.[7] The tower is a venture between Vietcombank and FELS Property Holding of Singapore.[1]

The tower is located at District 1, Ho Chi Minh City. With the height of 206 meters, it is the third tallest building in Ho Chi Minh City and the seventh tallest building in Vietnam.

The construction began in 2011 and completed in 2014. This tower's shape is different than the Empire State Building because it has modern architecture with gray colored-glass. In addition to Vietcombank, corporate tenants with offices in the building include Lotte, Heineken Vietnam, Johnson & Johnson, SSI, Idemitsu, Sun Life Financial, and Pernod Ricard Vietnam.[8]

See also[edit]


  1. ^ a b c d Vietcombank - 2014 Annual Report (PDF). Hanoi: Joint Stock Commercial Bank for Foreign Trade of Vietnam. 2014.
  2. ^ "Investor Presentation 1Q 2021" (PDF).
  3. ^ a b "Vietcombank - About us". Vietcombank. Retrieved 20 November 2015.
  4. ^ a b c "Vietcombank - Milestones". Joint Stock Commercial Bank for Foreign Trade of Vietnam. Retrieved 20 November 2015.
  5. ^ Lam, Nguyen Nhat; Minh, Ho Binh (27 December 2007). "Vietcombank IPO raises $652 mln, market cautious". Reuters. Thomson Reuters. Retrieved 20 November 2015.
  6. ^ VIR, Vietnam Investment Review- (31 August 2021). "Pham Quang Dung becomes new chairman of Vietcombank". Vietnam Investment Review - VIR. Retrieved 19 February 2022.
  7. ^ "Headquarters & Office Buildings - Vietcombank Tower". Pelli Clarke Pelli Architects. Retrieved 20 November 2015.
  8. ^, www vietcombanktower vn |. "VIETCOMBANK TOWER". (in Vietnamese). Retrieved 19 February 2022.

External links[edit]