Vietnam Technological and Commercial Joint Stock Bank, commonly referred to as Techcombank, is a publicly listed Vietnamese bank. Its shares are traded on the

Ho Chi Minh City Ho Chi Minh City (HCMC) ('','' TP.HCM; ), commonly known as Saigon (; ), is the most populous city in Vietnam with a population of around 14 million in 2025. The city's geography is defined by rivers and canals, of which the largest is Saigo ...

Stock Exchange A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for ...

under ticker TCB.

History and ownership

Techcombank (TCB) was founded in 1993 by Vietnamese businessmen who returned from

Russia Russia, or the Russian Federation, is a country spanning Eastern Europe and North Asia. It is the list of countries and dependencies by area, largest country in the world, and extends across Time in Russia, eleven time zones, sharing Borders ...

. Its domestic investors include

Vietnam Airlines Vietnam Airlines () is the flag carrier of Vietnam. The airline was founded in 1956 and later established as a Government-owned corporation, state-owned enterprise in April 1989. Vietnam Airlines is headquartered in Long Biên district, Hanoi ...

and under the Ministry of Science and Technology. In 2005, global bank

HSBC HSBC Holdings plc ( zh, t_hk=滙豐; initialism from its founding member The Hongkong and Shanghai Banking Corporation) is a British universal bank and financial services group headquartered in London, England, with historical and business li ...

acquired a 10% stake in Techcombank. In 2008, HSBC increased its stake in the bank to 20% by making a follow-on investment of $77.1 million. In 2017, HSBC divested its strategic investment in Techcombank by selling its 172 million share stake. In 2018, US private equity firm

Warburg Pincus Warburg Pincus LLC is a global private equity firm, headquartered in New York City, with offices in the United States, Europe, Brazil, China, Southeast Asia and India. Warburg has been a private equity investor since 1966. As of April 2024 the f ...

invested $370 million. In 2018, the company listed its shares on the Ho Chi Minh City Stock Exchange. The company raised more than $900 million through the

IPO An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

, making it

Vietnam Vietnam, officially the Socialist Republic of Vietnam (SRV), is a country at the eastern edge of mainland Southeast Asia, with an area of about and a population of over 100 million, making it the world's List of countries and depende ...

’s largest IPO to date. The majority of the IPO shares was reserved for so-called cornerstone investors, i.e . institutional investors which included

GIC GIC may refer to: Education * Ghana Insurance College, in Accra, Ghana * Government Intermediate College, a type of school in India * Grait International College in Nigeria * Gyosei International College in the U.K., defunct Finance * General ...

, Fidelity and

Dragon Capital Dragon Capital Group is an integrated investment platform focused on Vietnam and other Southeast Asian emerging markets. History Founded in 1994, from an initial base of US$16m, Dragon Capital has offices in Ho Chi Minh City and Hanoi (SSC regis ...

. Today, Techcombank is one of the largest joint stock banks in Vietnam. As of 2019, it has more than 300 branches and serves more than 5 million customers. As of 2021, the bank's total assets and net income were VND 568,811bn ($24.89bn) and 18,038bn ($789 million) respectively. In 2024, Techcombank won four prestigious awards from

the Asian Banker The Asian Banker is a company that provides information for the financial services industry in the form of publications, online materials such as e-newsletters, research, and conventions, and other industry gatherings. It is regarded as one of ...

for excellence in transaction banking, for its use of cloud-based technology, data and AI, for its use of cloud-based technology and growth strategy in retail banking. It was also named as the Best Transaction Bank in Vietnam and top prize for Best Transaction Bank in Vietnam for consecutive two years.

Debt Collection by Organized Crime

On April 17, 2015, several people claiming to be Techcombank employees from the Son Tay branch broke into the warehouse of the Phan Dang Anh family, who live in Xuan Phu commune, Phu Tho district, Hanoi, with the intention of collecting debt and sealing property. On April 6, 2016, a "special debt collection team" wearing uniforms and carrying batons, shields, and crowbars broke down the door of the house at 756 Quang Trung Street, Ha Dong, belonging to the Doan The Minh family, in order to pressure them to pay their debt.

Awards

* In 2023, Techcombank, a joint stock commercial bank in

, was awarded the "Best Financial Institution for Syndicated Loan in Vietnam" at The Asset Triple A Country Awards. * The Asian Banker has recognized Techcombank as the "Best Retail Bank" in Vietnam. * Best Customer Engagement Bank in Asia awarded by IDC. * Best Cloud-Based Digital Transformation Bank in Asia-Pacific awarded by The Asian Banker.

References

{{Reflist

External links

Official website

Beta
Banks of Vietnam Banks established in 1993 Vietnamese companies established in 1993 Warburg Pincus companies