Asia Commercial Bank

What Asia Commercial Bank does

Asia Commercial Bank (ACB), legally Ngân hàng Thương Mại Cổ Phần Á Châu, is a Vietnam-domiciled joint-stock commercial bank founded in 1993 and listed on the Vietnamese stock exchange under ticker ACB. The bank operates a network of 90 branches and 294 transaction offices (384 total service units) across 49 of Vietnam's 63 provinces and cities, headquartered in Ho Chi Minh City with major operational presence in Hanoi. ACB serves four primary segments — individual retail customers, small and medium enterprises, large corporates, and priority banking customers — through a digitally enabled, multi-channel banking model that combines physical distribution with the ACB ONE retail platform and ACB ONE BIZ business banking platform.

The bank's core product surface spans deposits and online savings (with rates 0.8% above counter pricing and an additional 1.6% biometric-authenticated premium for short-term deposits), consumer and SME lending, import/export trade finance, foreign exchange, credit and debit cards (Visa, JCB, Mastercard, Lotusmiles co-branded), and digital wallets (Apple Pay, Samsung Pay, Google Pay, Garmin Pay). Supporting platforms include ACB Rewards (loyalty program with up to 5% cashback), ONE Merchant (store management and acquiring for SME merchants), an electronic invoice lookup portal, and certificate of deposit products for enterprise customers on ACB ONE BIZ. The bank reported H1 2026 pre-tax consolidated profit exceeding 10,700 billion VND.

ACB's revenue model rests on net interest income from lending activities, fee and commission income from cards, transfers, and trade finance, bancassurance commission from Sun Life Vietnam and other insurance partners, and merchant acquiring fees. Its stated 2025-2030 strategic targets include ROE above 20%, CASA ratio above 30%, and fee income ratio above 20%, signaling a deliberate shift toward non-interest income and operational efficiency. The bank employs more than 13,000 full-time staff and distributes through branches, digital channels, and partnerships with card networks, insurers (Sun Life VN, FWD Vietnam), retailers (Apple Store, Cellphones), and travel partners (Starlux Airlines).

Name

Asia Commercial Bank

Legal name

Ngân hàng Thương Mại Cổ Phần Á Châu

Website

https://acb.com.vn

Company type

Public

Founded year

1993

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Asia Commercial Bank (ACB) is a Vietnam-listed joint-stock commercial bank serving retail, SME, corporate, and priority banking customers through 384 branches and offices across 49 provinces, plus the ACB ONE and ACB ONE BIZ digital banking platforms.

Ownership category

akta.pro rank

Headquarters

HQ city

Ho Chi Minh City

HQ country

Vietnam

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income: Primary revenue stream from lending activities including personal loans, business loans, and import/export financing
2. Fee and Commission Income: Transaction fees, card fees, international transfer fees, and service charges. Target ratio >20% of total revenue per 2025-2030 strategy
3. Insurance Distribution: Commission revenue from distributing Sun Life VN insurance products through bank branches and digital channels
4. Credit Card Services: Annual fees, interchange fees, and promotional campaigns from credit and debit card portfolio

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels4 records

Core offering

Asia Commercial Bank (ACB) is a publicly listed Vietnamese commercial joint stock bank providing retail and corporate banking services through a digital-first platform (ACB ONE for individuals and ACB ONE BIZ for businesses) supported by a 384-unit physical branch and transaction office network. Its core offerings include deposit and savings accounts, personal and business loans, credit and debit cards, foreign exchange and trade finance, online term deposits, and bancassurance distribution of life and non-life insurance products through Sun Life Vietnam and other partners.

Product overview

Asia Commercial Bank (ACB) operates as a commercial bank with a multi-channel digital banking ecosystem centered on the ACB ONE platform. The core retail digital banking is delivered through ACB ONE mobile app, while business customers are served via ACB ONE BIZ platform. Supporting the main platforms are ACB Rewards (loyalty program), ONE Merchant (store management), and international transfer services. Insurance products are distributed through partnerships with Sun Life (life, health, investment-linked insurance) and other providers (vehicle, home insurance). Credit card portfolio includes Visa, Mastercard, JCB, and co-branded Lotusmiles cards. Online savings and term deposits complete the retail deposit offerings. The bank also provides electronic invoice lookup and various installment payment partnerships with merchants.

Differentiator

Problem solved

Functional benefit

Brands

• ACB ONE: Digital banking platform for retail and business customers offering account management, money transfers, credit cards, savings, and investments.
• ACB ONE BIZ
• ACB Rewards
• Ngân hàng Ưu tiên

Products and services

• ACB ONE Retail Digital Banking Digital banking application for retail customers offering account management, money transfers, savings, investments, and credit card services accessible via mobile and web.
• ACB ONE BIZ Business Digital Banking Digital banking platform for business customers enabling international transfers, foreign exchange, electronic invoice lookup, and comprehensive corporate financial services.
• Credit Cards (Visa, JCB, Mastercard, Lotusmiles co-branded) International credit cards including Visa Infinite, Privilege Visa Signature, Visa Signature, Visa Platinum, Visa Gold, JCB Gold, and Lotusmiles Pay with various rewards, cashback, and benefits such as annual fee waivers tied to spending thresholds.
• Sun Life Insurance Products (Bancassurance) Life and health insurance products distributed through ACB's bancassurance partnership with Sun Life Vietnam, including SUN-Vì Nhà Mình, SUN-Khí Chất, SUN-Trọn Vui, and supplementary insurance riders covering health, accident, and critical illness.
• Vehicle Insurance Comprehensive vehicle insurance covering accidents, theft, natural disasters, and electric vehicle batteries, distributed through ACB's bancassurance channels.
• Private Home Insurance Property insurance covering fire, explosion, natural disasters, and theft for residential properties, distributed through ACB's insurance distribution channels.
• Health Insurance Health insurance covering inpatient, outpatient, dental, and maternity treatments with hospital fee guarantee at partner network, distributed through ACB's insurance channels.
• ONE Merchant Store Management Solution Store management solution for merchants enabling payment processing, cash flow management, and integrated business operations tied to ACB banking services.
• ACB Rewards Loyalty Program Loyalty program allowing ACB customers to earn points on credit card spending and redeem for gifts, vouchers, and cashback (up to 5%) from various brands.
• Online Savings / Term Deposits Digital term deposit product offering interest rates 0.8% higher per year than counter deposits with flexible terms from a minimum of 1 million VND, available through ACB ONE.
• International Money Transfer & Forward FX on ACB ONE BIZ Cross-border transfer service combining international money transfers with foreign exchange execution on a single platform with a 48-hour FX rate lock feature for business customers.

Quantifiable outcome

• H1 2026 profit exceeded 10,700 billion VND with positive retail and SME recovery
• +2 more outcomes

Named customers4 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

Integration6 records

Feature2 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• PRO Việt Nam (Liên minh Tái chế Bao bì Việt Nam)coreStrategic or Co-development Partner · 12 June 2026ACB became the first bank in Vietnam to join PRO Vietnam packaging recycling alliance, connecting resources for sustainable development. This aligns with ACB's ESG strategy 2026-2030 integrating environmental, social and governance factors into overall business direction.
• Sun Life Việt NamcoreStrategic or Co-development Partner · 1 June 2026Bancassurance partnership where ACB distributes Sun Life VN life and health insurance products through its branch network and digital channels. Products include SUN-Vì Nhà Mình, SUN-Khí Chất, SUN-Trọn Vui, and supplementary insurance riders covering health, accident, and critical illness coverage.
• Visa InternationalcoreTechnology or IntegrationCard network partnership for Visa-branded credit and debit cards including Visa Infinite, Privilege Visa Signature, Visa Signature, Visa Platinum, and Visa Gold. Joint promotions include travel benefits with Starlux Airlines, hotel discounts with Sun Group and Park Hyatt, and cashback programs.
• JCB InternationalcoreTechnology or IntegrationCard network partnership for JCB-branded cards including JCB Gold. Joint promotions include discounts at FAHASA bookstores (up to 200,000 VND), Galaxy Cinema (up to 100,000 VND), and ABC-Mart (300,000 VND) on weekends.
• FWD Việt NamminorChannel Partner/ Reseller/ DistributorInsurance distribution partnership offering 0% installment payment for FWD insurance products. FWD is a pan-Asian insurance group serving nearly 40 million customers across 10 markets including Indonesia.
• Apple Store Online VietnamminorChannel Partner/ Reseller/ DistributorPartnership enabling 0% installment payments for Apple products purchased on Apple Store Online Vietnam using ACB credit cards. Available terms: 3, 6, 9, 12 months with minimum transaction of 3 million VND.
• CellphonesminorChannel Partner/ Reseller/ DistributorRetail partnership enabling 0% installment payments for electronics and technology products at Cellphones stores nationwide and online. One of Vietnam's leading electronics retail chains with over 10 years of operation.
• Starlux AirlinesminorGTM or Marketing PartnerTravel partnership offering 5% discount on Starlux Airlines flights when paying with ACB Visa cards. Routes include Vietnam to Taiwan (TPE, RMQ) and long-haul to Los Angeles (LAX), San Francisco (SFO), Seattle (SEA), Ontario (ONT), Phoenix (PHX), and Prague (PRG).

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Vietcombank (Joint Stock Commercial Bank for Foreign Trade of Vietnam): Vietnam's largest-listed commercial bank by assets, offering retail, SME, and corporate banking plus digital channels. Directly comparable to ACB as a joint-stock commercial bank competing in the same customer segments and product set across Vietnam.
• Techcombank (Vietnam Technological and Commercial Joint Stock Bank): Leading private joint-stock commercial bank in Vietnam with strong retail and SME focus and a digital platform (Techcombank Mobile). Closely comparable to ACB on customer mix, digital strategy, and joint-stock commercial bank positioning.
• VPBank (Vietnam Prosperity Bank): Top-tier Vietnamese joint-stock commercial bank with large retail, SME, and consumer finance operations including FE Credit. Comparable to ACB on scale, segment focus, and dual retail/SME/corporate banking model.
• Military Commercial Joint Stock Bank (MB): Major Vietnamese joint-stock commercial bank with strong retail and digital banking (M-Service, App MBBank). Closely comparable to ACB in size, customer segmentation, and digital-first retail ambition.
• Sacombank (Saigon Thuong Tin Commercial Joint Stock Bank): Vietnamese joint-stock commercial bank with nationwide retail and SME presence, particularly strong in southern Vietnam. Comparable to ACB as a fellow mid/large joint-stock bank competing for the same retail and SME customer base.
• HDBank (Ho Chi Minh City Development Commercial Joint Stock Bank): Mid-sized Vietnamese joint-stock commercial bank with retail, SME, and consumer finance focus. Directly comparable to ACB on product breadth and customer segments, though at a smaller scale.
• TPBank (Tien Phong Commercial Joint Stock Bank): Vietnamese joint-stock commercial bank branded around digital innovation and LiveBank自助 branches. Comparable to ACB's digital-first retail strategy and joint-stock commercial bank structure, though smaller in scale.
• OCB (Orient Commercial Joint Stock Bank): Vietnamese joint-stock commercial bank with retail, SME, and corporate banking products. Comparable to ACB as a smaller but similarly structured private joint-stock bank competing in the same domestic segments.

Broad incumbents

• BIDV (Bank for Investment and Development of Vietnam): Vietnam's largest state-owned commercial bank with universal banking coverage and the broadest branch network. Comparable to ACB on retail and corporate banking products but operates at significantly larger scale and with state ownership.
• VietinBank (Vietnam Joint Stock Commercial Bank for Industry and Trade): Large state-owned commercial bank with deep corporate, trade finance, and retail presence. Comparable to ACB across the full banking product matrix but with state ownership and a heavier corporate-anchored mix.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/acbtalentecosystem

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds1 record

Investors1 record

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 Asia Commercial Bank