The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) has been recognized as a leader in Vietnam’s banking sector, claiming the titles of “Vietnam’s Best Bank” and “Vietnam’s Best Bank for Corporates” in the prestigious 2024 Euromoney Awards for Excellence.
This triple accolade, including awards from Euromoney, FinanceAsia, and Global Finance, solidifies Techcombank’s position as the only Vietnamese bank to achieve this feat in a single year. Additionally, Forbes magazine ranked it as the #1 Bank in Vietnam in their World’s Best Banks 2024 rankings, based on customer feedback.
“We are both proud and humbled by this unprecedented achievement,” expressed Mr. Jens Lottner, CEO of Techcombank. “These awards validate our customer-centric strategy, advanced data capabilities, and unwavering commitment to excellence. Our digital infrastructure and data-driven solutions have firmly established Techcombank as a powerhouse in Asian banking.”
The Euromoney Awards for Excellence are highly coveted in the banking industry, serving as a testament to exceptional performance. In 2024, Techcombank stood out among banks from over 100 countries, showcasing its remarkable financial performance, profitability, and resilience in challenging economic conditions.
The bank’s sustained success is evident in its robust profitability, asset quality, and strong balance sheet. This enabled Techcombank to offer its shareholders a cash dividend of VND1,500 (5.88 US cents) per share in Q2 2024, the highest in the industry.
Techcombank’s commitment to innovation and digital transformation is highlighted by its Auto-earning solution for individuals and the Techcombank Merchant platform for Vietnamese businesses. The bank’s suite of payments, collections, cash management, and FX solutions for SMEs and corporate customers is industry-leading, as recognized by the Best Bank for Corporates award.
By leveraging data analysis, AI, and cloud technology, Techcombank has created personalized and meaningful experiences for its customers. Its mobile app has received the highest customer rating in the market, offering seamless financial management advice and a loyalty ecosystem with tailored rewards. With over 52 million personalized pieces of financial advice delivered to more than 4 million customers, Techcombank is revolutionizing the banking experience.
“This achievement marks a new era of growth for Techcombank,” Mr. Lottner affirmed. “We are poised to accelerate our digital transformation, creating even more meaningful experiences for our customers and driving profitable business growth, solidifying our position as a leading bank in Vietnam.”
Driving Digital Transformation in the HR Industry
Thanks to technology, the labor management tasks, procedures, and administrative processes that used to be done manually will be significantly reduced.
