Vietcombank has been recognised as Vietnam’s best trade finance bank, a distinction earned through its consistent excellence in market leadership, financial strength, digital transformation together with product innovation, as well as regional expansion.
In 2024, the bank reported a pre-tax profit of $2.23 billion, leading the Vietnamese banking sector. It holds a 19.2% market share in trade finance, with a transaction volume of VND3,178 trillion. Its current account and saving account (CASA) ratio reached 33.3%, the highest among top banks in the country.
On the digital front, Vietcombank saw a 128% increase in digital corporate customers. API/H2H client numbers surged by 1,738% year-on-year, contributing to an overall growth of 1,822%. Monthly digital transaction volumes also rose by 293%, reflecting strong momentum in digital adoption.
In 2024, the bank reported a pre-tax profit of $2.23 billion, leading the Vietnamese banking sector
The bank has also introduced several innovative products. VCB CashUp offers a comprehensive platform for payments, liquidity management and supply chain finance (SCF), while VCB CashUp Mobile, launched in January 2025, enables secure mobile approvals and real-time updates. VietQRPay, BioPay, and Tap to Pay have been recognised for their role in transforming digital payments in Vietnam.
To support its regional expansion, the bank acquired Vietnam Construction Bank, strengthening its domestic presence. It now operates in 58 out of Vietnam’s 63 provinces and plans to broaden its reach further. Simultaneously, the Vietnamese government is backing the bank’s global expansion efforts with a capital injection exceeding $800 million.
