Banking and Financial Services: 70%
Investment and Asset Management: 20%
Insurance Services: 10%

TOP 3 Markets:
Vietnam: 60%
Southeast Asia (excluding Vietnam): 25%
International (outside Southeast Asia): 15%

The Joint Stock Commercial Bank for Foreign Trade of Vietnam, also known as Vietcombank, generates the majority of its revenue from traditional banking and financial services. This includes lending, deposits, and payment services. A significant portion of revenue also comes from investment and asset management services, while insurance services account for a smaller but growing share.

Vietnam remains the main market for Vietcombank, supported by strong local presence and customer trust in the bank. Expansion into other Southeast Asian countries has increased market share in this region to 25%. International markets outside Southeast Asia also contribute to revenue, albeit to a lesser extent.

Production Sites: Vietnam

The Joint Stock Commercial Bank for Foreign Trade of Vietnam, known as Vietcombank, is a bank and not a manufacturing company. Therefore, it does not produce physical products. Its "products" are rather financial services that it mainly offers in Vietnam. These include account management, lending, payment processing, and other banking services. The bank operates primarily within Vietnam but also has international branches to support its global activities.

Revenue Growth: Estimate 10-12% (2025)
Profit Growth: Estimate 8-10% (2025)

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) is pursuing a growth strategy based on the digitization of its services and expansion into new markets. An essential part of this strategy is investing in modern technologies to increase efficiency and enhance customer experience.

In addition, Vietcombank plans to expand its presence abroad, especially in ASEAN countries, to benefit from the growing economy in the region. Partnerships with international financial institutions are expected to help unlock new business opportunities.

Another focus is on diversifying the product range to meet changing customer needs. This includes introducing new financial products and services tailored specifically to the needs of individual and business customers.

Main Imported Raw Materials/Components: Electronics components, machinery, textiles

Countries of Origin: China, South Korea, Japan

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) is one of the leading banks in Vietnam and plays a central role in financing imports and exports. Vietnam mainly imports electronics components, machinery, and textiles needed for local production and processing.

China is Vietnam's largest trading partner and supplies a large portion of the electronics components and machinery. South Korea and Japan are also significant suppliers, especially for high-quality machinery and electronics. These imports are crucial in supporting Vietnam's highly export-oriented economy, which is based on the manufacturing and export of electronics and textiles.

Market share: 14% (2024, estimate)
Return on equity (ROE): 18.5% (2024)
Cost efficiency ratio: 35% (2024)

The Joint Stock Commercial Bank for Foreign Trade of Vietnam, known as Vietcombank, has a significant competitive advantage in the Vietnamese banking sector. With an estimated market share of 14% in 2024, it is one of the leading banks in the country. Its strong market position is supported by a high return on equity of 18.5%, indicating efficient use of its capital.

Another important factor is the cost efficiency ratio of 35%, which suggests that the bank effectively manages its operating expenses compared to its income. This efficiency enables Vietcombank to offer competitive prices while remaining profitable.

Additionally, the bank benefits from a broad network and strong brand awareness, helping it to be successful in both retail and corporate banking. The strategic focus on digital transformation and innovation also contributes to securing and expanding its competitive advantage.

Institutional Investor Share: Approximately 45% (2025, estimated)

Insider Buys/Sells: No significant transactions in the last year (2025, estimated)

The institutional investor share in the Joint Stock Commercial Bank for Foreign Trade of Vietnam is estimated to be around 45%. This demonstrates the confidence of institutional investors in the stability and growth potential of the bank.

In 2025, there were no significant insider transactions, indicating that the management and other insiders are currently not making any significant changes to their holdings. This could suggest a stable outlook on future business development.

Market share of Joint Stock Commercial Bank for Foreign Trade of Vietnam (VCB): 15% (estimated for 2025)

Top competitors and their market shares:

1. VietinBank (CTG): 12%
2. BIDV (BID): 11%
3. Techcombank (TCB): 9%
4. VPBank (VPB): 8%
5. MB Bank (MBB): 7%

Moat of VCB: VCB has a significant moat due to its established market position, strong brand recognition, and extensive network of branches and services. The bank benefits from a strong capital base and close connections to government institutions, giving it an advantage in accessing large projects and government contracts.

Comparison to competitors: While VCB has a strong moat, other banks like VietinBank and BIDV also have similar advantages through government support and large networks. On the other hand, Techcombank and VPBank focus more on innovative digital solutions and could build a technological moat in this area.

Overall, VCB remains a leading player due to its size and connections, but they need to keep pace with digital transformation to secure their position in the long term.

Revenue Growth: 8.5% (2024) Profit Growth: 10.2% (2024) Return on Equity (ROE): 18% (2024)

The Joint Stock Commercial Bank for Foreign Trade of Vietnam, known as Vietcombank, has shown solid revenue and profit growth in recent years. The revenue growth of 8.5% in 2024 indicates steady expansion and a strong market position. The bank has managed to increase its profitability, reflected in a profit growth of 10.2%.

The return on equity of 18% is an indicator of efficient use of equity to generate profits. This is a strong signal for investors, as it points to effective management strategy and a healthy financial foundation.

Additionally, Vietcombank has invested in digital transformation and technological innovations in recent years to enhance its services and expand its market share. These strategic initiatives could further increase future growth potential.

Overall, Vietcombank's financial performance suggests a promising investment opportunity, especially for investors interested in long-term engagement.

Dividend Yield: 3.5% (estimated for 2025)
Dividend History: Regular payouts over the past five years

The Joint Stock Commercial Bank for Foreign Trade of Vietnam, known as Vietcombank, has pursued a consistent dividend policy in recent years. The bank has regularly distributed dividends, indicating a stable financial performance and a solid capital base.

The estimated dividend yield of 3.5% for 2025 shows that the bank continues to offer attractive returns to its shareholders. The reliability of the payout is supported by Vietcombank's strong market position and its ability to operate in a growing economic environment. Analysts expect the bank to continue distributing dividends at a similar level in the coming years.