VietABank

What VietABank does

VietABank (legal name: Vietnam Asia Commercial Joint Stock Bank) is a privately held Vietnamese commercial joint stock bank founded in 2003 and headquartered at 105 Chu Van An, Ha Dong Ward, Hanoi. The bank offers a full-service platform spanning retail banking, corporate and SME banking, trade finance, insurance distribution, and digital banking to customers across Vietnam. Its product set includes deposit accounts (Nickname, current, tiered Combo Silver/Gold/Diamond/CBNV packages), savings products, real estate and consumer loans, working capital financing, a 12-hour auto loan for corporates, medium/long-term business financing, import and export financing, letters of credit, bank guarantees, and payroll services. Insurance is offered through a partnership with Bao Viet Insurance, covering both life (UL68 Tam An Bao Phat) and non-life categories.

The bank operates a digital banking platform comprising internet banking, a mobile banking app, SMS banking, an electronic wallet, and an electronic tax payment service (Power Tax), supported by a physical branch and ATM network nationwide. A 2025 digital platform launch emphasized personalization, security, and multi-utility features, and a new modern Hanoi branch was opened as a flagship financial center in the same year. International remittance services are delivered through a Western Union partnership, and the bank distributes VAB VISA international credit cards alongside domestic debit cards in Standard and Gold tiers. Customer segments include retail individuals, corporate and SME clients, and international trade customers, with no parent company or controlling shareholder identified.

Revenue is generated primarily through net interest income on loans (real estate, auto, working capital, trade finance) and deposits, supplemented by transaction-based fees from remittances, fund transfers, and credit card services. Distribution combines direct sales through branches with self-serve digital channels, supported by 24/7 customer support. The bank holds a Vietnamese commercial banking license and is a member of Deposit Insurance of Vietnam. No revenue, funding, headcount trend, or M&A data is disclosed in the input.

Name

VietABank

Legal name

Vietnam Asia Commercial Joint Stock Bank (VietABank)

Website

https://vietabank.com.vn

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

51–100 employees

Short description

VietABank is a privately held Vietnamese commercial joint stock bank founded in 2003 and headquartered in Hanoi, providing retail, corporate, SME, and trade finance banking services through a nationwide branch, ATM, and digital banking network.

Ownership category

akta.pro rank

Product category

Commercial Banking

NAICS

Commercial Banking (52211)

SIC

National Commercial Banks (6021)

akta.pro primary industry

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

akta.pro secondary industries

SME Business Lending (Term Loans, Lines of Credit, Overdrafts) (FSABABAB), Virtual / Digital-First Credit Cards (FSAKABAK)

Keywords

• Commercial banking
• Retail banking
• Consumer lending
• Trade finance
• Digital banking

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, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Interest Income: Primary revenue from interest earned on loans provided to retail and corporate customers, including real estate loans, auto loans, working capital loans, and trade finance facilities
2. Fee-based Services: Transaction fees from fund transfers, trade finance services, remittance services including Western Union, and account management services
3. Deposit Interest: Interest paid to depositors on savings and current accounts, representing a cost structure rather than revenue
4. Credit Card Services: Revenue from credit card transactions, annual fees, and interest on revolving balances

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels4 records

Core offering

VietABank is a Vietnamese commercial joint stock bank that accepts deposits, extends consumer and corporate loans, distributes life and non-life insurance, issues domestic debit cards and Visa international credit cards, and provides digital banking (Internet Banking, SMS Banking, Electronic Wallet) plus trade finance and bank guarantee services to individual retail and corporate/SME customers in Vietnam.

Product overview

VietABank operates as a commercial joint stock bank offering a comprehensive platform of banking products and services across retail and corporate segments. The core product portfolio centers on the VietABank Digital Banking Platform, which provides online and mobile banking infrastructure supporting accounts, savings, loans, and payment services. Retail offerings include multiple account types (Nickname accounts, current accounts), tiered Combo packages (Silver, Gold, Diamond, CBNV), traditional and online savings products, and diverse loan products spanning real estate, home purchases, and consumer financing. Corporate services encompass deposit products (Song Lộc, Virtual Accounts, Smart Deposit), comprehensive loan solutions (working capital financing, auto loans with 12-hour processing, medium/long-term financing, SME credit), trade finance services (import/export financing, letters of credit), and guarantee services. The bank also provides insurance products including life insurance (UL68 Tam An Bao Phat) and non-life insurance across multiple categories. Digital channels include Visa international credit cards, domestic debit cards, Internet Banking, SMS Banking, and Electronic Wallet services. The product ecosystem integrates third-party services like Western Union for remittance capabilities.

Differentiator

Problem solved

Functional benefit

Brands

• VietABank Digital Banking: Digital banking platform offering mobile banking, internet banking, and electronic wallet services
• VAB VISA

Products and services

• Savings Accounts (Personal and Business) Deposit accounts available to individual retail customers and business clients for holding funds, earning interest, and conducting payments.
• Real Estate Loans Secured loans extended to individual borrowers for the purchase or development of residential and commercial real estate.
• Home Loans Secured mortgage lending for individuals purchasing residential housing.
• Consumer Loans (Secured) Secured personal credit extended to individual borrowers against collateral.
• 12-Hour Flexible Auto Loan Fast-approval auto loan product for individuals purchasing vehicles, distinguished by a 12-hour approval turnaround.
• Working Capital Financing Short-term corporate lending facility that finances the day-to-day operating needs of businesses, including inventory and receivables.
• Medium and Long-Term Financing Term lending for corporate and SME clients to finance capital expenditures, expansion, and longer-horizon business investments.
• Loans Secured by Deposits at VietABank Credit facility extended against funds the borrower holds on deposit at VietABank, providing lower-risk lending to individuals or businesses.
• Export Business Financing Trade finance facility that pre-finances and supports Vietnamese businesses engaged in exporting goods and services.
• Import Business Financing Trade finance facility that finances and supports Vietnamese businesses engaged in importing goods and services, typically linked to letters of credit.
• Bank Guarantees (Domestic and International) Issuance of domestic and international bank guarantees on behalf of corporate clients to support contract performance, payment, or other commercial obligations.
• VietABank Visa International Credit Card Internationally accepted Visa-branded credit card issued to individual customers for spending abroad and online, settled in VND.
• Domestic Debit Cards Debit cards linked to VietABank deposit accounts, enabling customers to make domestic payments, ATM withdrawals, and point-of-sale transactions.
• Internet Banking (Personal and Corporate) Web-based banking platform providing account access, transfers, bill payment, and transaction management for individual and corporate customers.
• SMS Banking Mobile banking service that delivers account alerts and enables balance inquiries and basic transactions via SMS.
• Electronic Wallet (Ví điện tử VietABank) Digital wallet product that allows customers to store funds, make online payments, and transfer money electronically.
• Power Tax (Electronic Tax Payment) Electronic tax payment service that enables customers to remit tax payments to the Vietnamese tax authority directly through VietABank channels.
• VietABank Digital Banking Platform Integrated digital banking platform consolidating Internet, SMS, mobile, and electronic wallet capabilities for retail and corporate customers.
• Virtual Account (Business Identifier Account) Virtual sub-account service that enables businesses to allocate unique identifier accounts to customers, departments, or subsidiaries for reconciliation and collection.
• Payroll Service Outsourced payroll disbursement service for corporate clients, transferring employee salaries directly into employee bank accounts at VietABank.
• Smart Deposit (Automatic Investment Deposit) Automated term deposit product that places customer funds into short-term deposits and rolls them over based on preset rules to optimize interest earnings.
• Life Insurance (UL68 Tam An Bao Phat) Unit-linked life insurance product distributed by VietABank to individual customers, combining protection and investment components.
• Non-Life Insurance Distribution of non-life insurance products (such as property, motor, and personal accident insurance) to individual and corporate customers.
• Business Account for Household Businesses Deposit and payment account tailored for Vietnamese household businesses (hộ kinh doanh) to support their collections and disbursements.
• Account for Individuals (Nickname and Payment Account) Personal deposit and payment accounts for individual customers, including nickname-tagged accounts for easier identification.

Quantifiable outcome

• 12-hour loan processing for auto loans
• +1 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles2 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature3 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Western UnioncoreTechnology or IntegrationWestern Union international remittance service partnership allowing VietABank customers to send and receive international money transfers globally
• Bao Viet InsuranceminorStrategic or Co-development PartnerPartnership for providing insurance products including life insurance (UL68 Tam An Bao Phat) and non-life insurance products to bank customers
• Deposit Insurance of VietnamcoreOthersMandatory deposit insurance membership providing customer deposit protection under Vietnamese banking regulations

Scale indicators2 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank): One of Vietnam's largest state-owned commercial banks offering full retail, corporate, and trade finance services. Broad incumbent with overlapping deposit, lending, and digital banking products across the same Vietnamese market.
• Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank): Vietnam's largest state-owned commercial bank with dominant corporate and trade finance franchise. Competes directly with VietABank on deposits, SME lending, trade finance, and digital channels in the same geography.
• Bank for Investment and Development of Vietnam (BIDV): One of Vietnam's 'Big 4' state-owned commercial banks with nationwide branch network. Competes with VietABank on SME deposits, corporate lending, and trade finance.

Direct peers

• Vietnam Technological and Commercial Joint Stock Bank (Techcombank): Leading private Vietnamese joint stock bank with strong retail and corporate banking plus a rapidly scaling digital platform. Direct peer in business model (joint stock commercial bank), customer segments, and product breadth.
• Military Commercial Joint Stock Bank (MB): Major Vietnamese joint stock commercial bank with comparable retail, SME, and digital banking offerings. Direct competitor for deposits, consumer credit, and digital wallet users in Vietnam.
• Asia Commercial Bank (ACB): Vietnamese joint stock commercial bank focused on retail and SME banking with strong digital channels. Closely aligned in scale tier, customer segmentation, and product mix to VietABank.
• Vietnam Prosperity Joint Stock Commercial Bank (VPBank): Major private Vietnamese joint stock bank with retail and SME focus plus a significant digital banking push. Operates in same customer segments with overlapping deposit, consumer credit, and cards businesses.
• Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank): Mid-tier Vietnamese joint stock commercial bank with broad retail, SME, and trade finance offerings. Comparable scale-tier and product breadth to VietABank.
• Tien Phong Commercial Joint Stock Bank (TPBank): Vietnamese joint stock bank known for digital-first retail proposition and SME lending. Direct competitive peer on digital banking, deposits, and consumer credit in the same market.
• Southeast Asia Commercial Joint Stock Bank (SeABank): Mid-sized Vietnamese joint stock commercial bank offering retail deposits, consumer credit, and SME banking. Highly comparable in scale, business model, and product set to VietABank.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/NganhangVietABank
• LinkedInlinkedin.com/company/vietabank

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

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 VietABank