Techcombank (TCB) was founded in 1993 by Vietnamese businessmen who returned from
Russia. Its domestic investors include
Vietnam Airlines and under the
Ministry of Science and Technology. In 2005, global bank
HSBC acquired a 10% stake in Techcombank. In 2008, HSBC increased its stake in the bank to 20% by making a follow-on investment of $77.1 million. In 2017, HSBC divested its strategic investment in Techcombank by selling its 172 million share stake. In 2018, the company listed its shares on the Ho Chi Minh City Stock Exchange. The company raised more than $900 million through the
IPO, making it
Vietnam’s largest IPO to date. i.e
. institutional investors which included
GIC, Fidelity and
Dragon Capital. Today, Techcombank is one of the largest joint stock banks in Vietnam. As of 2019, it has more than 300 branches and serves more than 5 million customers. In 2024, Techcombank won four prestigious awards from
the Asian Banker for excellence in transaction banking, for its use of cloud-based technology, data and AI, for its use of cloud-based technology and growth strategy in
retail banking. It was also named as the Best Transaction Bank in Vietnam and top prize for Best Transaction Bank in Vietnam for consecutive two years. == Debt Collection by Organized Crime ==