Vietcombank was formerly the Foreign Exchange Management Department (FEMD) of the National Bank of Vietnam (NBV), established on January 20, 1955. In 1961, the FEMD was renamed the Foreign Exchange Bureau (FEB) under the State Bank of Vietnam (SBV). Joint Stock Commercial Bank for Foreign Trade of Vietnam was founded on 1 April 1963 as
Bank for Foreign trade of Vietnam. It was span off from the Foreign Exchange Bureau of the
State Bank of Vietnam to be an exclusive bank for foreign trade. In 1990, Vietcombank diversified its services from being exclusively focused on foreign trade to a become a mass market commercial bank. In 2011, Vietcombank signed a strategic shareholder agreement with
Mizuho Corporate Bank, a member of
Mizuho Financial Group,
Japan. In 2013, Vietcombank launched a new brand identity system with the slogan "Shared trust - Strong future". In 2016, Vietcombank regained the top position in terms of profit in the Vietnamese banking market. In 2018, Vietcombank became the first bank to be officially granted the decision to apply Basel II under Circular 41 by the
State Bank of Vietnam. In 2019, Vietcombank became the first Vietnamese bank to have profit reaching the milestone of US$1 billion. In 2020, Vietcombank successfully went live with the core banking system. In 2019, Vietcombank announced the opening of its representative office in
New York on November 1. This opening was licensed by the New York State Department of Financial Services on June 17 and received official approval from the Federal Reserve Board. In October 2024, Vietcombank became the second largest shareholder of
Eximbank. == Member companies ==