Bac A Commercial Bank

What Bac A Commercial Bank does

BAC A BANK (Ngân hàng TMCP Bắc Á) is a privately held Vietnamese joint stock commercial bank founded on September 17, 1994, headquartered in Nghệ An province and operating a nationwide network of branches and transaction offices across all three regions of Vietnam. The bank serves two primary customer segments — individual retail customers (deposits, savings, retail loans, MasterCard credit/debit cards, insurance distribution) and small-to-medium enterprises plus corporate clients (working capital loans, medium- and long-term credit, trade finance, international payments, payroll services). Its product catalogue spans domestic and international debit cards (including a co-branded TH true mart card), MasterCard Rewards Gold and Cashback Platinum credit cards, term and daily-yielding savings products, sector-specific lending (agriculture, real estate, vehicles, education, healthcare), and a comprehensive bancassurance offering distributed via the branch channel.

The bank's core technology stack is standard commercial banking infrastructure: electronic banking platforms for retail (IBSRetail) and corporate (IBSCorporate) customers, an ATM network, online deposit services, MasterCard payment processing, and a corporate website (baca-bank.vn) hosting product catalogs, interest rate disclosures, and investor relations. It differentiates through a vertical specialization in high-tech agriculture investment advisory — most notably serving as advisor and financier for TH True Milk's $1.2 billion dairy farm project in Nghệ An, described as Southeast Asia's largest — alongside participating-bank status in three government preferential lending programs (SMEDF, Rural Finance Projects II and III).

Revenue is generated primarily through net interest income on lending and deposit-taking across retail and corporate books, supplemented by transaction and fee income from international payments, trade finance, card services, and insurance distribution. Preferred pricing programs are publicly disclosed on the website, including a business-loan tier offering rates as low as 5.0%/year for 3-month terms (April–September 2024 promotion) and a 2,000 billion VND personal credit program running through end-2026. Distribution is direct via the branch network and digital banking channels; the bank is not described as deploying field sales or partner-channel GTM beyond its own points of presence. Charter capital was approved for increase to over 11,525 billion VND at the April 18, 2026 AGM, and the bank employs over 3,500 staff per the 2023 Congress of the Vietnam Banking Trade Union.

Name

Bac A Commercial Bank

Legal name

Ngân hàng TMCP Bắc Á

Website

https://baca-bank.vn

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

11–50 employees

Short description

BAC A BANK is a Vietnamese commercial joint stock bank serving retail and SME customers nationwide with deposits, lending, MasterCard products, and digital banking, distinguished by its specialization in high-tech agriculture investment advisory and rural/SME government lending programs.

Ownership category

akta.pro rank

Product category

Commercial Banking

NAICS

Commercial Banking (52211), Depository Credit Intermediation (5221)

SIC

State Commercial Banks (6022)

akta.pro primary industry

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

Keywords

• Commercial banking services
• Retail deposit products
• Corporate lending
• Agricultural finance
• International trade payments

Headquarters

HQ city

Vinh

HQ country

Vietnam

HQ region

Asia

Offices10 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income (Lending): BAC A BANK generates primary revenue from interest income on loans and credit facilities extended to retail and corporate customers. Products include agricultural loans, working capital loans, mortgage loans, automobile loans, education loans, and SME financing.
2. Deposit Taking and Fee-Based Services: The bank collects deposits from individuals and businesses, earning net interest income. Additional revenue streams include international payment services, trade finance, card services, and insurance distribution.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

BAC A BANK is a Vietnamese commercial joint-stock bank providing retail and corporate banking services. Its core offerings include deposit accounts (savings, current, term deposits), domestic and international debit/credit cards, retail loans (housing, auto, education, consumption), corporate credit facilities (short-term working capital, medium/long-term investment loans, trade finance), international payments, and distribution of life and non-life insurance products. The bank operates a nationwide branch network supported by e-banking platforms and partners with government programs to extend preferential financing to SMEs and rural/agricultural borrowers.

Product overview

BAC A BANK is a Vietnamese joint stock commercial bank offering a comprehensive portfolio of banking products and services for both individual and corporate customers. The bank's personal banking offerings include international and domestic debit and credit cards (MasterCard Rewards Gold, MasterCard Cashback Platinum, TH true mart co-branded card), term and daily-accumulating savings accounts, and retail loans for agriculture, real estate, vehicles, and consumption. Corporate banking services encompass demand and term deposits, short-term and medium/long-term credit facilities, trade financing, and international payment services. The bank also distributes a wide range of insurance products including health, life, vehicle, property, and travel insurance. Additionally, BAC A BANK participates in development projects including RDFII, SMEDF, and RDFIII providing preferential financing for rural development and SME access to capital.

Differentiator

Problem solved

Functional benefit

Products and services

• Thẻ ghi nợ nội địa BAC A BANK (BAC A BANK Domestic Debit Card) Domestic debit card for cash withdrawals, payments, and fund transfers within Vietnam's payment network, for individual customers.
• Thẻ BAC A BANK - TH true mart (BAC A BANK - TH true mart Co-branded Card) Co-branded debit card in partnership with TH true mart retail chain offering shopping benefits and rewards for cardholders.
• Thẻ tín dụng quốc tế BAC A BANK MasterCard Rewards Gold International credit card on the MasterCard network with reward points benefits on spending for retail customers.
• Thẻ tín dụng quốc tế BAC A BANK MasterCard Cashback Platinum International credit card on the MasterCard network with cashback benefits on purchases for retail customers.
• Thẻ ghi nợ quốc tế BAC A BANK MasterCard International debit card on the MasterCard network enabling global transactions and personal expense management for retail customers.
• Tiết kiệm có kì hạn (Term Deposit Savings) Term deposit savings account with fixed interest rate for a specified deposit period for individual customers.
• Tiết kiệm cao tuổi (Senior Citizen Savings) Savings product with preferential terms targeted at senior customers.
• Tiết kiệm sinh lời mỗi ngày (Daily Profit Savings) Daily profit-generating savings account with flexible access and interest accrual for individual customers.
• Tiền gửi trực tuyến (Online Deposit) Online deposit service allowing customers to open and manage term deposits through the bank's internet banking platform.
• Người xây tổ ấm (Home Builder Savings) Targeted savings product designed to help customers accumulate funds for housing construction.
• Tiết kiệm Lực lượng vũ trang (Armed Forces Savings) Savings product with preferential rates targeted at military personnel and their families.
• Tài khoản trả lương (Salary Account) Salary disbursement account used by corporate customers to pay employee wages.
• Tiền gửi thanh toán (Corporate Current Account) Corporate current account for business transactions and daily payment operations.
• Tiền gửi có kỳ hạn (Corporate Term Deposit) Corporate term deposit account with fixed interest rates for businesses.
• Dịch vụ chi trả lương qua tài khoản (Account-Based Payroll Service) Account-based salary disbursement service for corporate payroll management offered to businesses.
• Cho vay ngắn hạn (Short-Term Corporate Loan) Short-term credit facility for businesses to meet working capital and operational financing needs.
• Cho vay trung và dài hạn (Medium and Long-Term Corporate Loan) Medium and long-term loans for business investment, fixed asset acquisition, and corporate project financing.
• Cấp tín dụng cho Doanh nghiệp ngành Dược phẩm, thiết bị & vật tư y tế (Pharmaceutical and Medical Equipment Credit Line) Specialized credit facilities designed for pharmaceutical and medical equipment enterprises.
• Cấp tín dụng Trọn gói đối với dự án dành cho doanh nghiệp (Comprehensive Corporate Project Finance Package) Comprehensive packaged project financing for corporate borrowers covering the full credit needs of an investment project.
• Gói tài trợ Doanh nghiệp sản xuất nông nghiệp công nghệ cao (High-Tech Agricultural Enterprise Financing Package) Dedicated financing package for enterprises engaged in high-tech agricultural production.
• Thanh toán quốc tế (International Payments) International payment and settlement services for import/export transactions and cross-border trade.
• Cho vay sản xuất nông nghiệp trồng rau, hoa, quả (Vegetable, Flower and Fruit Farming Loan) Agricultural production loan for vegetable, flower, and fruit cultivation, targeted at farming households and rural producers.
• Cho vay bổ sung vốn kinh doanh (Business Working Capital Loan) Working capital loan facility supporting business operational expansion and liquidity needs.
• Cho vay xây sửa nhà (Home Construction and Renovation Loan) Loan facility for individual customers to fund home construction and renovation.
• Cho vay mua bất động sản đã có giấy chứng nhận chủ quyền (Real Estate Purchase Loan) Real estate purchase loan for individual buyers acquiring properties with existing ownership certificates.
• Cho vay mua ô tô (Auto Loan) Loan facility for individual and business customers to purchase vehicles.
• Cho vay tiêu dùng trả góp từ lương (Salary-Based Installment Consumer Loan) Installment consumer loan for individual borrowers with repayments deducted directly from salary.
• Chương trình ưu đãi "Tài chính vững vàng - Sẵn sàng bứt phá" (Preferential Business Lending Program) Preferential interest rate program for medium and long-term secured business loans targeting fixed asset investment, with tiered rates by term.
• Dự án "Tài chính nông thôn II" (RDFII Rural Finance Project II) Government-backed Rural Finance Project II (RDFII) channeled through BAC A BANK providing preferential development financing for rural economic participants.
• Dự án SMEDF (Small and Medium Enterprise Development Fund Project)

Quantifiable outcome

• BAC A BANK ranked among Top 5 banks with largest foreign exchange trading volume in Vietnam (second consecutive year on FX Matching system)
• +2 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered minor, flagship and core.

• Guangxi Beibu Gulf BankminorStrategic or Co-development Partner · 1 September 2025BAC A BANK participated in the ASEAN-China Economic Cooperation Forum held in Nanning, China, led by Deputy CEO Nguyễn Việt Hanh. The partnership with Guangxi Beibu Gulf Bank facilitates cross-border economic cooperation and business networking between Vietnam and China.
• Tập đoàn Nhựa Bình Thuận (BPG)minorStrategic or Co-development Partner · 20 January 2025BAC A BANK signed a 150 billion VND credit agreement with BPG Group (Bình Thuận Plastics Group), providing financing for the company's manufacturing and operational needs.
• TH True Milk / Tập đoàn THflagshipStrategic or Co-development Partner · 18 September 2024BAC A BANK serves as investment advisor and financier for TH True Milk's high-tech dairy project (1.2 billion USD, Southeast Asia's largest), with AHLĐ Thái Hương serving as both Vice Chairwoman of BAC A BANK's Board and Chairwoman of TH Group's Strategy Board. The relationship represents a flagship strategic partnership.
• Dự án Tài chính Nông thôn II (RDFII)coreStrategic or Co-development PartnerBAC A BANK participates in the Rural Finance Project II (RDFII) as a participating bank, providing preferential financing to rural and agricultural economy participants.
• Dự án Tài chính Nông thôn III (RDFIII)coreStrategic or Co-development PartnerBAC A BANK participates in the Rural Finance Project III (RDFIII) as a participating bank, supporting rural economic development with preferential loan programs.

Scale indicators7 records

Recent moves17 records

Expansion highlights6 records

Broad incumbents

• Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank): Vietnam's largest partially state-owned commercial bank and dominant FX/trade-finance franchise. Competes for the same corporate and FX customers as BAC A BANK but with materially larger balance sheet, sovereign-linked credit profile, and funding cost advantage.
• Techcombank: One of Vietnam's largest private joint-stock commercial banks with strong digital and wealth-management positioning. Operates in overlapping retail and corporate markets but with a broader technology and affluent-customer focus than BAC A BANK.
• Bank for Investment and Development of Vietnam (BIDV): State-owned commercial bank with the largest domestic branch network in Vietnam and significant SME and government-program lending presence. Broadly overlapping in SME and agribusiness finance but at a much larger scale.
• Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank): Major state-owned Vietnamese commercial bank with extensive retail and corporate franchise. Competes for the same deposit, lending, and FX customers but with structural funding-cost and balance-sheet advantages.
• Vietnam Prosperity Joint Stock Commercial Bank (VPBank): Large Vietnamese private joint-stock commercial bank with significant retail and SME operations, including consumer finance subsidiary (FE Credit). Competes for the same retail/SME deposit pool but operates at substantially greater scale.

Direct peers

• Military Commercial Joint Stock Bank (MBBank): Vietnamese joint-stock commercial bank with nationwide retail and corporate franchise, strong digital initiatives, and comparable product breadth. Directly comparable in customer mix; larger in scale and more digitally advanced.
• Asia Commercial Bank (ACB): Major Vietnamese private joint-stock commercial bank with strong retail and SME focus and established FX/trade finance franchise. Comparable operating model though slightly larger scale; competes for the same customer segments.
• Maritime Commercial Joint Stock Bank (MSB): Vietnamese private joint-stock commercial bank of comparable mid-tier scale, offering retail deposits, SME lending, and digital banking products — directly comparable in customer mix, branch footprint ambition, and private-shareholder structure to BAC A BANK.
• LienViet PostBank (LPB): Vietnamese private joint-stock commercial bank with nationwide distribution through post-office partnerships; similarly mid-sized and focused on retail deposits, SME lending, and rural/inclusive finance — directly comparable to BAC A BANK's segment mix.
• Saigon-Hanoi Joint Stock Commercial Bank (SHB): Mid-sized Vietnamese private joint-stock commercial bank with a nationwide branch network focused on retail and SME customers. Closely comparable in scale, product breadth, and dependence on government/SME lending channels.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/bacabankhoiso
• LinkedInlinkedin.com/company/baca-bank

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Bac A Commercial Bank