Prior to joining Techcombank, Mr. Phan Thanh Son obtained his Master’s degree in Economics from the National Economics University and held various senior positions in global market management at Standard Chartered Bank Vietnam, Citibank Vietnam, and Citigroup Global Markets Ltd. in Hong Kong.
He previously served as Deputy General Director of Tien Phong Bank before joining Techcombank as Director of Capital and Financial Markets in January 2011.
At Techcombank, Mr. Son held the position of Director of Capital and Financial Markets. He then took on the role of Transformation Director, leading the development of a new customer-centric business strategy and model from 2017. In 2019, Mr. Phan Thanh Son was appointed as the bank’s Deputy General Director, concurrently holding the position of Director of Global Transaction Banking.
According to the decision of the Board of Directors, Mr. Phan Thanh Son will be responsible for handing over his duties to his successor in accordance with the law, the bank’s charter, and internal regulations. The decision to relieve Mr. Son of his duties is effective from June 26. After Mr. Son’s departure, the bank’s management team will consist of two Deputy General Directors: Mr. Phung Quang Hung and Mr. Pham Quang Thang.
As per the financial report for the first quarter of 2025, Techcombank’s pre-tax profit reached VND 7,236 billion, with total assets of nearly VND 990,000 billion, an increase of 11.7% compared to the same period last year.
Techcombank’s credit increased by 3.84% compared to the beginning of the year, reaching VND 665,300 billion. Individual credit increased by 26.6%, mainly due to the rebound in securities lending along with the stock market’s recovery. Corporate credit grew by 13%, focusing on sectors such as utilities, telecommunications, real estate, logistics, and fast-moving consumer goods.
Crafting Compelling Copy: “TCBS Prepares for IPO, Proposing the Sale of 231 Million Shares to Shareholders”
The Hanoi-based Techcom Securities Joint Stock Company (TCBS) has unveiled plans to seek shareholder approval for an initial public offering (IPO). This move, outlined in a recently released document, signals the company’s intention to go public and offer its shares to investors.
The Great Treasury Bond Rush: Why Banks are Scrambling to Buy Back Bonds Early.
Since the end of last year, it has become a prevalent trend for banks to buy back bonds before maturity. This move is largely attributed to the ample liquidity in the system and the banks’ aim to enhance their capital safety net. The redemption of high-interest-bearing bonds is seen as a strategic move by many, given the current economic climate.
Techcombank: The Sole Vietnamese Representative for the Celent Model Bank Award 2025 for Operational Excellence.
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“Techcombank, or Vietnam Technological and Commercial Joint Stock Bank, has been recognized by Celent, the world’s leading financial technology advisory firm, at the prestigious Celent Model Bank Awards 2025. Techcombank received the esteemed award in the ‘Operational Excellence’ category, marking a significant milestone as the first time the bank has been acknowledged by Celent in their global Model Bank Awards program. This also stands as a proud moment for Vietnam, as Techcombank is the country’s sole representative to attain this prestigious title thus far.”
Breaking News: Yet Another Bank Smashes Records – Market Capitalization Surpasses VND 150,000 Billion
“This bank stock has just followed in the footsteps of Sacombank and Techcombank, reaching new heights even as the market remains locked in a tug-of-war around the three-year peak of 1,350 points.”
The Vietnam Stock Market Surges Ahead in Asia Despite Middle East Tensions
The Vietnamese stock market has just witnessed its strongest rally in over two months, dating back to April 11th.
