Chapter 2 - The Story of Tech
Our history and Key milestones
Techcombank was established in 1993, during the Doi Moi period of economic reform. Like Vietnam’s economy, we have passed through various stages of development in our 29-year journey; going from strength to strength. Excitingly, Vietnam’s domestic economy and financial system are still maturing and our nation presents great opportunity and promise.
- Successfully completed an USD 1 billion syndicated loan
- “Best Bank in VN” by Euromoney, 2 years consecutively
- “Best Digital Consumer Bank in VN” by Global Finance
- “Most Innovative Mobile Banking App” by Global Business Outlook
- Best User Experience Design in the 2022 GOOD DESIGN® award - The Chicago Athenaeum
- #1 in payments volume across all cards, #1 new card sales
- Only bank in Vietnam to be honored by SAP in the Best Run Awards for SEA “The Most Transformation Award – The Game Changer” – for its impressive digital transformation journey
- In the US, Techcombank was the first and only Vietnamese bank to win a “Best In Tech 2022” award in the “Integrated Learning” category by Pluralsight.
- First privately owned bank in Vietnam to join 'billion dollar club' with PBT of USD 1 billion
- Raised international syndicated USD 800 million term loan facility
- Only bank in Vietnam to win both Euromoney and FinanceAsia's 'Best Bank in Vietnam'
- Best Treasurer (Asia Pacific) by Corporate Treasurer
- Bank of the Year - Napas
- Most Recommended Retail Bank in Vietnam in the Asia Pacific - The Asian Banker's BankQuality Consumer Survey and Ranking of Retail Banks 2021 Best Investment Product and Best Mortgage/Home Loan Product - The Asian Banker Vietnam Country Awards 2021
- Best in Treasury and Working Capital (SMEs) - The Asset.
- Prioritised resources to protect employees and customers amid the COVID-19 pandemic
- Revamped digital and data capabilities by applying Agile working methods and establishing DnA division
- First bank in Vietnam to introduce a comprehensive ecosystem with an end-to-end omnichannel experience on a digital platform
- The USD 500 million syndicated term loan of Techcombank was the most successful syndicated loan in Vietnam for 2020
- Partnership with One Mount Group to allow a seamless digital experience throughout the customer journey: financial solution 'Loan Card' issued for VinShop GTs, and a comprehensive mortgage experience with OneHousing
- No. 1 CASA ratio at 46.1%, and total CASA volume for the first time exceeded VND 100,000 billion, ROA at 3.1% - highest in the banking industry
- No. 1 brand in terms of efficiency, from Forbes
- Most Impressive Bank Brand and Bank with the Best Brand Health, from MiBrand Vietnam - Brand Finance's domestic partner.
- Opened second Northern head office - Techcombank Agile Center, 119 Tran Duy Hung Street, Cau Giay District, Hanoi
- New record PBT of over VND 12 trillion
- Welcomed 1 million new customers
- Became the leading bank for operating efficiency, two years faster than the schedule in our five-year plan
- Continued to increase our regional-leading scores on the Organisational Health Index and EES
- Became Vietnam's leading bank for Visa card volume and transaction value, winning seven awards from Visa - the most a Vietnamese bank has ever won
- Officially complied with Basel II on 1 July with a CAR double that required by SBV regulations
- Awarded Vietnam House of the Year by Asia Risk in recognition of derivative structuring capabilities and broad swap and hedge product offerings, combined with an effective internal risk management system to solve the financial needs of corporate customers of all sizes
- Awarded Best Payments Bank in Vietnam by The Asian Banker.
- Listed on Ho Chi Minh City Stock Exchange-ticker TCB with capitalisation of USD 6.5 billion in South East Asia's third-largest IPO
- Tripled charter capital to VND 34,966 billion
- First private joint stock bank to make over VND 10,000 billion profit
- Awarded leading bank in Visa (debit and credit) card transaction value by Visa International
- Awarded Best Bank in Vietnam by EuroMoney and Best Trade Finance Bank in Vietnam by Global Banking and Finance Review.
- Received S&P's highest credit rating in Vietnam
- Maintained double profit growth rate with VND 8,036 billion PBT
- Ranked by The Asian Banker as Vietnam's second most profitable bank – servicing over 5 million customers
- Leading Vietnamese bank for Visa card transaction value
- Market leader for bancassurance, through strategic cooperation with top insurance firm, Manulife
- Voted by Techcombank employees as having the best HR and most engaged employees (Employee Engagement Survey, EES), and as the second-best place to work in Vietnam's banking and finance sector
- Held the inaugural Techcombank Ho Chi Minh City International Marathon - an event to help us connect with, and contribute to, our community.
- Launched our highly successful 2016-2020 strategy to be Vietnam's No. 1 bank and lead the financial lives of our millions of customers
- Doubled 2015 profit
- Awarded Best Bank in Vietnam by FinanceAsia, Vietnam House of the Year from Asia Risk and Enterprises with Excellent HR Policies at the Vietnam HR Awards.
- No. 2 bank for largest Visa transaction value, with 4.2 million customers.
- Confirmed as Vietnam's leading bank for service quality, with 23 prestigious local and foreign awards from Global Finance, IFC and FinanceAsia
- The reliable choice for 3.7 million individuals and 48,000 corporates.
- Vietnam's leading online bank - bringing our cardless ATM service to over 2.8 million customers.
- Vietnam's second largest joint stock bank by network scale - 307 branches and total assets of VND 180 trillion.
- Winner of many global awards, including EuroMoney's Best Bank in Vietnam.
- Became a leading joint stock commercial bank - VND 5,400 billion charter capital; Total assets of VND 95,000 billion; First Vietnamese bank to partner with leading global strategic consultant, McKinsey.
- Founded Smartlink, Vietnam's largest card alliance
- Launched the Techcombank Visa credit card.
- Reached over USD 1 billion in total bank assets.
- Participated in global card payment system via F@stAccess - Connect 24.
- Launched Globus, our core banking system, that complies with international standards.
- Established with charter capital of VND 20 billion.