Banking Vietnam

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VPBank - Vietnam Prosperity Joint-Stock Commercial Bank

Head office: No. 8. Le Thai To, Hoan Kiem District, Hanoi
Telephone: 043.9288869 / Fax: 043.9288867

Vietnam Prosperity Joint Stock Commercial Bank (transaction name VPBank), previously named the Vietnam Joint Stock Commercial Bank for Private Enterprises, was founded in accordance with the License number 0042/NH-GP issued by the State Bank of Vietnam with its chartered capital of VND 20 billion. After the departure of Dragon Capital Holdings, OCBC officially became the biggest strategic shareholder of VPBank. On 12 August 2010, VPBank officially announced its new name – Vietnam Prosperity Joint Stock Commercial Bank and introduced its new brand identity.

VPBank is making its best efforts to assert its position in Top 12 Commercial Banks in Vietnam (G12) with its vision to become Top 5 Retail Commercial Banks in Vietnam in 2014. As of 31st December 2011, total assets were valued at VND82,818 billion, consolidated profit before tax reached VND1,064 billion and its chartered capital reached VND5,050 billion. Besides the remarkable business results, at the year-end period of 2011, VPBank was proud to receive many achievements such as STP (Straight – Through – Processing) awards for the International Payment Performance by Citibank and Bank of New York, Enterprise for Community’s benefits, Top 100 Products and Services Confident in Use in 2011, Top 500 Big Companies in Vietnam and Top 500 Fast Developing Companies in Vietnam.


Shared by Experts

Ms. Nguyen Thi Kim Thanh, Director, Banking Strategy Institute, The State Bank of Vietnam

Mr. Nguyen Hung – CEO – VPBank Vietnam

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