In the midst of significant changes in Vietnam’s financial landscape, the Vietnam Technological and Commercial Joint Stock Bank (Techcombank) has emerged as a symbol of innovation, strategic vision, and adaptability to global trends. Aspiring to be more than just a leading commercial bank, Techcombank is pursuing a grander ambition: to become a comprehensive financial group, offering integrated services spanning banking, securities, insurance, and wealth management.
Techcombank’s leadership shares their strategic vision and the bank’s concrete steps with shareholders.
Venturing into Insurance, Techcombank Aims to Make a Difference
At the 2025 Annual General Meeting of Shareholders, CEO Jens Lottner emphasized three core pillars of Techcombank: Data, Technology, and Talent, guided by the philosophy of “putting customers at the center”. These foundations are key to Techcombank’s expansion into new domains, leveraging advanced technologies such as Artificial Intelligence (AI) and blockchain, as well as building strategic partnerships with reputable international organizations.
Techcombank’s journey is not just about improving operational efficiency but also reshaping how customers interact with financial services. Beyond traditional banking products like credit and savings, Techcombank is branching out into promising areas, including life insurance, wealth management, and crypto assets, while integrating non-financial services to cater to the diverse needs of a rapidly developing economy.
One of Techcombank’s strategic moves is the establishment of a life insurance company, marking its entry into a strategic financial domain. Jens Lottner shared that Techcombank is actively seeking international partners to develop the life insurance company. With its digital strengths, customer reach, and brand trust, Techcombank is confident in reshaping Vietnam’s insurance market. Engaging in life insurance not only expands Techcombank’s service portfolio but also generates a stable long-term income stream, solidifying the bank’s position in the financial ecosystem.
Given the growing focus on financial security and long-term planning among the populace, the establishment of a life insurance company demonstrates Techcombank’s strategic foresight in anticipating the rising demand for personal financial protection and long-term accumulation.
“We strongly believe that now is the right time to establish a life insurance company, and we can make a difference. With a partner on board, Techcombank can create an even better solution for Vietnamese customers. This process is underway, and I think in one or two quarters, we will have more clarity,” said Techcombank’s CEO.
Mr. Jens Lottner, CEO of Techcombank, at the 2025 Annual General Meeting.
TCBS IPO: A Catalyst for Techcombank’s Assertion
Techcombank Securities Company (TCBS) is a vital pillar in the Techcombank ecosystem, taking a leading role in WealthTech and wealth management. With 60% of its personnel dedicated to technology, TCBS consistently ranks among the top securities companies in terms of brokerage market share on both the HSX and HNX exchanges, with respective shares of 7.5% and 8.3% in Q1 2025. TCBS is also poised to enter the crypto asset market, leveraging blockchain technology to ensure secure and efficient transactions.
TCBS is not merely a provider of securities services but is reshaping how customers approach investing. By lowering financial barriers and harnessing blockchain technology, TCBS is becoming a pivotal force in Techcombank’s journey toward becoming a comprehensive financial group.
The planned TCBS IPO in late 2025, as announced at the 2025 Annual General Meeting of Shareholders, marks a pivotal moment for TCBS. Chairman Hồ Hùng Anh shared that the bank is engaging with major investors, whose assessments of TCBS’s potential and position are highly favorable. The IPO will facilitate capital raising, brand reinforcement, and the assertion of Techcombank’s position in the financial industry. Notably, TCBS’s preparation for the crypto asset market, amid the Vietnamese government’s efforts to establish a legal framework, showcases Techcombank’s long-term vision in anticipating the global trend of digital finance.
“We plan to conduct the TCBS IPO in 2025. However, this will depend heavily on the conditions of the financial market, reciprocal tariffs, and certain issues related to the upgrade of Vietnam’s stock market. We will choose the right timing, but it will be soon,” said Hồ Hùng Anh, Chairman of Techcombank.
Chairman and CEO of Tecchombank addressing shareholders’ queries at the 2025 Annual General Meeting.
AI and Solid Financial Foundation: Competitive Advantages for the New Era
Techcombank is at the forefront of Vietnam’s banking industry in harnessing Artificial Intelligence (AI) and digital transformation, creating a differentiated approach to customer engagement and operational optimization.
Through collaborations with tech giants like AWS and companies in Silicon Valley, as well as developing applications tailored to the Vietnamese market, Techcombank is building an intelligent, efficient, and customer-friendly financial system.
Techcombank’s AI strategy extends beyond banking to domains like healthcare and e-commerce. For instance, the bank is partnering with healthcare providers to develop financial solutions integrated with insurance, addressing the needs of Vietnam’s evolving economy. These endeavors not only enhance customer experiences but also forge an integrated financial ecosystem where services are seamlessly connected.
Additionally, Techcombank’s robust financial foundation serves as a launchpad for its aspiration to become a comprehensive financial group. In 2024, the bank recorded a record profit of VND 27,500 billion, leading the industry in return on total assets (ROA). With a profit target of VND 31,500 billion in 2025, Techcombank is sustaining its stable growth trajectory, laying the groundwork for its strategic goals.
With an integrated ecosystem encompassing banking, securities, insurance, and wealth management, Techcombank is steadily materializing its vision of becoming a comprehensive financial group. The AI strategy, TCBS IPO plans, and new strides in life insurance are pivotal pieces in the puzzle, enabling Techcombank to fortify its domestic position and expand regionally, propelling Vietnam’s financial sector to new heights.
“The Battle of the Banks: VPBank and Techcombank’s Race to the Top”
“Techcombank and VPBank, two of Vietnam’s leading private banks, are not just rivals in size and scale but also in their ambitious plans to transform into comprehensive financial groups. Both institutions have set their sights on diversifying their offerings by venturing into the insurance sector and significantly expanding their securities and asset management arms. This strategic shift underscores their commitment to becoming one-stop shops for all their customers’ financial needs, solidifying their positions as industry leaders.”
The Future of Banking: Techcombank Unveils Its New Branch in Vung Tau
On April 3rd, Vietnam Technological and Commercial Joint Stock Bank officially inaugurated its next-generation branch model in Vung Tau, featuring a unified, distinct, and superior design and identity. This strategic milestone marks the beginning of the recently announced plan to comprehensively renovate the branch network, aiming to pioneer and set a new standard for bank branch models in Vietnam, embracing digitalization, modernity, and a green and sustainable future.
Techcombank Invests in a Life Insurance Company with VND 1,300 Billion
The Board of Directors of Vietnam Technological and Commercial Joint Stock Bank (Techcombank, HOSE: TCB) has approved a plan to contribute capital and purchase shares to establish Vietnam Technological and Commercial Life Insurance Joint Stock Company – TCLife.
The Ultimate Guide to Techcombank’s Insurance Masterplans
Anticipating the potential in the insurance sector, Techcombank plans to invest over VND 1,300 billion in two insurance companies.
