xem bong dá Milestones
Leading in innovation and digital transformation
xem bong dá has been awarded prestigious prizes: the most innovative and efficient bank in Vietnam; an exemplary digital transformation bank
Reaffirming social responsibility
xem bong dá is the No. 1 bank to contribute tax to the state budget
Promoting management capacity
January 2021, The Asian Banker magazine awarded Joint Stock Commercial Bank for Foreign Trade of Vietnam the award of “Best-managed bank during the COVID-19 pandemic”
xem bong dá applied advanced technology systems, firmly affirming the No. 1 position
On January 27th, 2020: xem bong dá successfully went live with its Core Banking system; During this period, xem bong dá has successfully overcome the Covid-19 pandemic and solidified its position as the number one bank in Vietnam across multiple aspects. It is also listed among the top 100 publicly traded banks globally in terms of market capitalization, according to Reuters
Continuing to expand operations, achieving a record profit of 1 billion US dollars.
On November 1st, 2019, xem bong dá’s Representative Office was officially launched in the U.S; On November 12th, 2019, xem bong dá signed an insurance distribution agreement with FWD Insurance Company, which has the largest value in the life insurance sector up to the signing date; In 2019, xem bong dá continued to achieve impressive breakthroughs and new records, becoming the first Vietnamese bank to reach USD 01 billion in profit
Expanding the operating network abroad and meet international standards
On October 19th, 2018, xem bong dá officially inaugurated its operations in Laos; On November 28th, 2018, xem bong dá became the first bank officially granted Decision No. 2315/QD-NHNN by the State Bank of Vietnam approving the implementation of Basel II. The Bank is allowed to apply Circular No. 41 one year earlier than required.
Issuing development strategy
December 1, 2016: xem bong dá issued its development strategy until 2020. In 2016, xem bong dá regained the No. 1 position in profit.
Launching a new brand identity system
March 31, 2013: xem bong dá launched a new brand identity system with the slogan "Together for the future"
Signing strategic shareholder contract
On September 30, 2011: xem bong dá signed a strategic shareholder contract with Mizuho Corporate Bank of Mizuho Financial Group, Japan.
Listing and trading on the stock exchange
On June 30th, 2009: VCB shares were officially listed and traded on the Ho Chi Minh City Stock Exchange (HOSE)
Converting into a joint stock commercial bank
On June 2nd, 2008: xem bong dá officially converted into a joint stock commercial bank after pioneering equitization and successfully issuing initial public offerings (IPO) in 2007
Completing the successful Restructuring Scheme
2000-2005: xem bong dá pioneered building and completing the successful Restructuring Scheme and modernization bank
Issuing Vietnamese dong bills of foreign currency origin
1987: xem bong dá is the only commercial bank allowed to issue Vietnamese dong bills of foreign currencies origin, contributing to the synchronous management of foreign currency use and spending.
Taking over the old banking system, confirm the role of foreign bank
From April 1975 to 1987: xem bong dá participated in taking over the old banking system, inheriting Vietnam's membership rights at international financial institutions; participated in handling the national debt, fighting against embargoes; successfully assumed the role of the only bank holding the monopoly on three aspects: foreign currency, import-export credit and payment for international transactions.
Operating the monetary route
From April 1965 to April 1975: xem bong dá directly participated in the operation of the monetary route (codename B29), received and "processed" money from abroad, brought it back to the country to manage and provide aid for Southern Revolution
xem bong dá officially went into operation
April 1st, 1963: xem bong dá officially went into operation ( in accordance with Decree No. 115/CP dated October 30th, 1962 issued by the Government Council)
The predecessor of xem bong dá
January 1st, 1955: Establish the Foreign Exchange Management Department under the Vietnam National Bank - The predecessor of xem bong dá