VPBank has set its 3rd five-year (2022-2026) development strategy goal to become a bank with a solid position in the top 3 leading banks in Vietnam and one of the top 100 largest banks in Asia.
The achievements of the first two development phases (2012-2017 and 2018-2022) have created a solid foundation and comprehensive momentum for VPBank to confidently uphold its success in the new development phase, thereby continuing to promote the sustainable development and prosperity of the country and the community as a whole while delivering value added to the bank’s customers, shareholders and investors.
Strategic vision and solid foundation
Projected by the International Monetary Fund (IMF) in June 2022, Vietnamese economy would likely rise from the current fifth position to the third in Southeast Asia by 2025, with a GDP of more than $571 billion, closely following Indonesia and Thailand. At the same time, IMF highly appreciated Vietnam’s efforts in improving the business environment, promoting digitalisation, enhancing workers’ skills and productivity at small and medium-sized enterprises. These values are to back Vietnam in its quest to obtain long-term growth prospects.
The strength and prospects of the country’s economy, coupled with the above positive forecasts, have created an important footing and support for VPBank’s 3rd five-year development strategy – a new development phase associated with a new set of vision, mission and strategy. In particular, VPBank has built a clear roadmap towards the goal of becoming a multi-purpose bank, a leader in terms of implementation, innovation and creation capacity of new values through comprehensive financial solutions with the synergy of multi-tiered ecosystem and advanced technology application.
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Established in 1996, VIB is one of the leading joint-stock commercial banks in Vietnam with 10,000 employees, 166 branches serving more than 3 million individual customers, and thousands of corporate customers across the country. With the vision of becoming the most innovative and customer-centric bank in Viet Nam, VIB has constantly strived to pioneer in introducing products and services that bring the best experience to customers such as credit cards, loans, mortgages, car loans, bancassurance, and digital banking. VIB's efforts in recent years have been recognized by prestigious awards from international organizations such as The Banker, The Asset, Global Banking & Finance Review, etc. In November 2020, VIB officially listed shares on the Ho Chi Minh City Stock Exchange (HoSE).
MB is a financially sound, strong management, transparent information, convenient and pioneering service provider to realize its mission, an organization, a solid partner, trust.
Over nearly 25 years of construction and growth, MB has grown and grown to become a versatile financial group with MB's parent bank in Vietnam & abroad and its member companies (in the fields of securities, insurance, consumer finance, fund management, asset management, life insurance). With effective business aspects, MB has affirmed its brand and reputation in the financial services industry in Vietnam. MB has diversified service and product activities on the basis of outstanding risk management, modern IT infrastructure, and strong expansion to expand its operations in new market segments besides traditional markets of a commercial bank.
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▶VISION:
To be the most convenient bank
▶MISSION:
For the development of the country, for the sake of customers
▶CORE VALUES:
Unity - Discipline - Dedication - Performance-driven - Reliability – Efficiency
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