VPBank

What VPBank does

VPBank is a publicly listed Vietnamese commercial bank founded in 1993 and headquartered in Hanoi, serving approximately 30 million retail customers, SMEs, corporate clients, and foreign direct investment enterprises through a nationwide branch network and digital banking channels. As of H1 2025 it became the largest private bank in Vietnam by total consolidated assets, supported by a capital base of approximately 140 trillion VND following a $1.5 billion 15% stake sale to Japan's Sumitomo Mitsui Banking Corporation (SMBC) in March 2023. Its product set spans deposit accounts, personal and corporate lending, SME financing, automotive supply chain finance (covering Suzuki, Mitsubishi, Volkswagen, Nissan, VinFast, BYD, and Omoda dealer networks), women-led business finance under the WE Leverage initiative, and inbound international remittances.

The bank has invested heavily in core technology modernization, completing one of the largest cited core banking migrations in Asia Pacific by moving 18 million customer accounts, millions of loan records, and 77 terabytes of data to the Temenos core banking platform deployed on AWS and Red Hat OpenShift in under 24 hours without service interruption. VPBank operates an AWS and Databricks-powered next-generation data analytics platform, has deployed 102 automation processes that handled over 1.8 million customer inquiries in 2024, and is leveraging Temenos agentic AI capabilities and AWS Skill Builder training to embed generative AI and machine learning into banking workflows. Strategic technology and distribution partners include Temenos, AWS, Systems Limited, LynkiD, Western Union, and Taptap Send.

The bank's revenue model is anchored in net interest income from lending activities across retail, SME, corporate, and automotive supply chain segments, supplemented by fee and commission income from digital banking, transaction processing, and international remittances. Multiple development finance institutions including DFC ($300M), FinDev Canada, BII, EFA, JICA, IFC, and SMBC have provided sustainability-linked and climate financing exceeding $2 billion cumulatively, supporting VPBank's positioning as a sustainable finance leader in Vietnam and its pursuit of additional ESG-linked revenue streams.

Name

VPBank

Legal name

Vietnam Prosperity Joint Stock Commercial Bank (Ngân hàng TMCP Việt Nam Thịnh Vượng)

Website

https://vpbank.com.vn

Company type

Public

Founded year

1993

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

VPBank is Vietnam's largest private commercial bank by consolidated assets (H1 2025), serving 30 million retail, SME, and corporate customers through digital and branch channels with lending, remittance, and sustainable finance services built on Temenos core banking on AWS.

Ownership category

akta.pro rank

Product category

Commercial Banking

NAICS

Commercial Banking (522110), Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021)

akta.pro primary industry

SME Sector/Specialty Banking (Vertical-focused: Healthcare, Agri, Tech, etc.) (FSABABAI)

Keywords

• Commercial banking services
• Retail and SME lending
• Digital banking platform
• International remittance services
• Sustainable finance solutions

Headquarters

HQ city

Hanoi

HQ country

Vietnam

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Supply Chain

Revenue model

1. Net Interest Income: Traditional banking interest income from lending activities including corporate loans, SME financing, retail lending, and automotive supply chain financing. The bank serves diverse customer segments generating interest spread income.
2. Fee and Commission Income: Fees from banking services including remittance services (Western Union, Taptap Send partnerships), digital banking services, and transaction processing. Partnership with Western Union and Taptap Send enables fee income from international money transfer services.
3. Remittance Services: Partnership with Taptap Send enables VPBank's 30 million customers to receive international money transfers with zero receiving fees, positioning the bank to capture Vietnam's estimated US$18 billion remittance inflows

Go-to-market motion1 record

Distribution channels5 records

Marketing channels4 records

Core offering

VPBank is a Vietnamese commercial bank offering retail banking products, SME and corporate lending, digital banking services, international remittances, automotive supply chain finance, and sustainable/ESG finance. It serves approximately 30 million retail and corporate customers through a hybrid model combining a nationwide branch network, digital platforms, and strategic partnerships with SMBC, Western Union, and Taptap Send.

Product overview

VPBank operates as a multi-product Vietnamese commercial bank offering digital banking, international remittance services, sustainable finance solutions, SME banking, women-led business finance, and automotive supply chain finance. The bank has undergone major core banking modernization using Temenos platform on AWS, enabling enhanced digital customer experiences with AI-powered automation and data analytics capabilities. Strategic partnerships with SMBC, Taptap Send, Western Union, and LynkiD extend its digital service ecosystem.

Differentiator

Problem solved

Functional benefit

Brands

• VPBank SME: SME banking services offered by VPBank for small and medium enterprises
• VPBank Securities

Products and services

• Digital Banking Services

Quantifiable outcome

• Core banking migration of 18 million accounts completed in under 24 hours
• +3 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability8 records

Feature4 records

Partnerships

Nine partnerships are on record, tiered major, core and strategic.

• Taptap SendmajorStrategic or Co-development Partner · 4 June 2026VPBank and Taptap Send announced strategic partnership to expand inbound remittance services to Vietnam, enabling VPBank's 30 million customers to receive international money transfers quickly, conveniently and free of charge with automated 24/7 transaction processing.
• TemenoscoreTechnology or Integration · 22 May 2026VPBank completed one of the largest core banking migrations in the region using Temenos technology, moving 18 million customer accounts, millions of loan records, and 77 terabytes of data in under 24 hours. VPBank received Temenos Forward Award 2026 for Core Banking Modernization.
• Western UnionmajorChannel Partner/ Reseller/ Distributor · 18 April 2026VPBank expanded partnership with Western Union to introduce real-time remittance payout services to e-wallets and bank accounts in Vietnam, enhancing speed and convenience for retail customers receiving international remittances.
• CAEX (Vietnam Prosperity Crypto Asset Exchange)strategicStrategic or Co-development Partner · 10 April 2026VPBank Securities is a founding shareholder of CAEX, Vietnam's domestic crypto asset exchange platform, joining alongside KX Ventures, HashKey Capital, and LynkiD to meet Vietnam's regulatory requirements for the crypto asset pilot program.
• Suzuki Vietnam Corporation (VISUCO)coreStrategic or Co-development Partner · 13 January 2026VPBank signed cooperation agreement with Suzuki Vietnam to provide specialized supply chain financing for Suzuki dealerships across Vietnam, offering loans covering up to 90% of vehicle value with terms up to six months. This is part of VPBank's broader automotive supply chain finance strategy spanning multiple vehicle brands.
• CARE Vietnam / Mastercard Center for Inclusive Growth (WE Leverage Initiative)strategicStrategic or Co-development Partner · 29 December 2025VPBankSME partnered with CARE Vietnam's Strive Women programme offering higher unsecured loan limits and bundled digital tools for women-led micro and small enterprises, aiming to support more than 90,000 women entrepreneurs across Vietnam.
• LynkiDstrategicTechnology or Integration · 2 December 2025LynkiD's blockchain-powered open loyalty platform serves VPBank customers, connecting millions of users through data intelligence. LynkiD has received several awards and serves over 9 million users across various industries in Vietnam.
• Systems LimitedcoreImplementation/ SI/ Consulting Partner · 10 November 2025VPBank upgraded to latest Temenos core banking system through collaboration with Systems Limited, deploying on Red Hat OpenShift for enhanced scalability, operational efficiency, and digital customer experiences.
• Amazon Web Services (AWS)coreTechnology or Integration · 12 August 2025VPBank has collaborated with AWS since 2023, migrating key applications to AWS cloud and implementing disaster recovery solutions. The bank deployed AWS Skill Builder in one of the largest platforms in Vietnam for employee training in AI, ML, generative AI, and cloud technologies. Also launched next-generation data analytics platform powered by AWS and Databricks.

Scale indicators12 records

Recent moves7 records

Expansion highlights7 records

Direct peers

• Techcombank (TCB): Techcombank is one of Vietnam's largest private joint stock commercial banks, serving retail, SME, and corporate customers with a strong digital banking focus. It is VPBank's closest direct peer among Vietnamese private banks by scale, product mix, and growth trajectory.
• Asia Commercial Bank (ACB): ACB is a major Vietnamese private joint stock commercial bank with deep retail and SME penetration and a nationwide branch network. Comparable to VPBank on customer segmentation, digital banking emphasis, and private-sector positioning against state-owned incumbents.
• Sacombank (STB): Sacombank is a large Vietnamese private joint stock commercial bank offering retail, SME, and corporate banking with a strong southern Vietnam footprint. It is comparable to VPBank as a fellow private-sector, multi-segment commercial bank targeting similar Vietnamese customers.
• HDBank (HDB): HDBank is a mid-sized Vietnamese private bank with active retail, SME, and consumer finance businesses. It is comparable to VPBank in serving similar customer segments and competing for digital and consumer-finance share in Vietnam.
• TPBank: TPBank is a Vietnamese private bank known for its digital-first strategy and livechat-based customer service. It competes with VPBank's digital banking proposition and shares a similar retail and SME customer base.
• Military Commercial Joint Stock Bank (MB Bank / MBB): MB Bank is a leading Vietnamese private bank with diversified retail, SME, and corporate banking, plus a growing digital franchise. It competes head-to-head with VPBank in retail deposits, consumer finance, and digital banking across Vietnam.

Regional players

• Kasikornbank (KBank): Kasikornbank is one of Thailand's largest private banks with strong digital, SME, and sustainable finance franchises. It is a useful regional comparable for VPBank on private-bank digital transformation and ESG-linked funding strategy in a neighboring Southeast Asian market.

Broad incumbents

• Bank for Investment and Development of Vietnam (BIDV): BIDV is a major Vietnamese state-owned commercial bank with deep corporate and government-linked lending. It is comparable to VPBank as a large full-service commercial bank competing across retail, SME, and corporate segments in Vietnam.
• Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank / VCB): Vietcombank is Vietnam's largest state-owned commercial bank by market cap and a benchmark for corporate, FX, and trade finance. As the dominant incumbent, it defines the competitive landscape VPBank operates in across retail, SME, and corporate banking.
• Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank / CTG): VietinBank is one of Vietnam's largest state-owned commercial banks, with extensive state-owned enterprise and corporate lending exposure. Comparable to VPBank as a full-service commercial bank operating across all Vietnamese customer segments.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks4 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/VPBankOnline
• LinkedInlinkedin.com/company/vpbank

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries2 records

Funding overview

Funding rounds6 records

Investors17 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about VPBank