The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) has recently received a number of awards from prestigious international financial organisation.
A branch of Techcombank. (Source: techcombank.com.vn)
Hanoi (VNA) – The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) has recently received a number of awards from prestigious international financial organisation.
The titles that the bank has won included “Vietnam’s Best Bank in 2016” and “Platinum Award for Best Domestic Bank” from FinanceAsia as well as “Best Bank in Vietnam 2007-2016”, “Best Trade Finance Bank in Vietnam” and “Best Bond House in Vietnam” from the Alpha Southeast Asia magazine.
According to its unaudited business report, Techcombank’s pre-tax profit approximated 2.04 trillion VND (91.12 million USD) last year, rising by 43.8 percent from 2014. Meanwhile, the net interest income climbed 22.8 percent yearly thanks to credit growth of almost 30 percent.
Increased total income, controlled operating expenses and more effective operations helped cut down the cost/income ratio for the second straight year, from 47.2 percent in 2014 to 39.5 percent in 2015.
Techcombank’s total assets were valued at over 192 trillion VND (8.57 billion USD) in 2015, up 9.2 percent from the previous year.
Last year, the bank mobilised 142.24 trillion VND (6.35 billion USD) from its clients, up 8 percent annually, while outstanding loans were at more than 111.62 trillion VND (4.98 billion USD), nearly 31.32 trillion VND (1.4 billion USD) higher than 2014.
📖 Techcombank currently has 312 branches and transaction offices, over 1,200 ATMs and 1,600 transaction points, serving more than 4 million people and 102,000 enterprises.-VNA
The rate of non-performing loans at the Vietnam Technological and Commercial Joint Stock Bank (Techcombank) dropped to 1.67 percent at the end of 2015, from 2.38 percent a year earlier.
Large local banks, which are chosen by the State Bank of Vietnam (SBV) to apply Basel II governance standards, are trying to increase capital to meet the standards.
Commercial banks offloaded a large volume of non-performing loans (NPLs) to the Vietnam Asset Management Company (VAMC) in 2015 to reduce the bad debt rate to below 3 percent.
A Vietnamese chief executive officer (CEO) and a dozen domestic banks were honoured at the Asian Banker Leadership Achievement Awards Dinner in Hanoi on May 10.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
A branch of Techcombank. (Source: techcombank.com.vn)
