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Techcombank celebrates 15th anniversary
The Vietnam Technological and Commercial Joint Stock Bank (Techcombank), held a solemn ceremony in Hanoi on September 26th, 2008, to celebrate its 15th anniversary. Governor Nguyen Van Giau of the State Bank of Vietnam (SBV) was present at this ceremony.
Over the past 15 years, Techcombank has become one of the first commercial banks of Vietnam with the charter capital of VND 55 trillion from a small bank with the charter capital of VND 20 billion. As a result, it now ranks 3rd among the joint-stock commercial banks in Vietnam. Techcombank has developed a nationwide operational network with nearly 4000 staffs and over 150 branches in 30 provinces, and 500.000 corporate and individual customers.
Thanks to its resounding achievements, Techcombak was awarded the “Top Trade Service 2007” prize by the Ministry of Industry and Commerce, the “Vietnamese Golden Star 2008” prize and many other prizes by domestic and foreign organizations.
Under the approval of the Prime Minister, Techcombank has become the first domestic commercial bank with 20% of its shares owned by a foreign strategic partner, namely the Hongkong and Shanghai Banking Corporation (HSBC). This strategic partnership will help Techcombank enhance its prestige and position as well as improve its management and governance in accordance with international standards and practices.
Speaking at the ceremony, Governor Nguyen Van Giau said that Techcombank is a successful example of the renovation process of the Communist Party of Vietnam and that it has enjoyed the confidence inside and outside the nation. He also stated that Techcombank’s successes have contributed to the development of the Vietnamese banking system.
In addition, the Governor instructed Techcombank to focus on 4 key issues, namely strengthening risk management, improving the management ability in line with its business objectives, applying modern banking technology, and conducting regular training and retraining for its staffs.
SBV
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