In alignment with Resolution 42 of the 13th Central Executive Committee term of the Communist Party of Vietnam, the goal was to essentially eradicate temporary housing and poverty by 2030. Thanks to the unity of the entire society, the program was completed five years ahead of schedule, supporting the construction and repair of over 334,000 houses, mobilizing nearly VND 25,000 billion, and countless volunteer hours.
Techcombank and other enterprises were honored to receive a certificate of merit from the Prime Minister, recognizing their outstanding contributions to the program “The Whole Country Joins Hands to Eliminate Temporary and Dilapidated Houses by 2025”
The program, “The Whole Country Joins Hands to Eliminate Temporary and Dilapidated Houses,” is one of the 250 key projects and programs celebrating the 80th anniversary of National Day on September 2nd, emphasizing its profound humanitarian significance and widespread impact across Vietnam.
With the vision of “Transforming Finance, Elevating Quality of Life,” Techcombank consistently strategizes and commits to long-term social support through financial contributions, economic solutions, social welfare, disaster response, and active participation in green initiatives such as reforestation. The bank has also developed products like the Techcombank Visa Eco card, which enables customers to monitor and offset their carbon footprint, and issued green bonds aligned with ICMA standards, demonstrating their dedication to sustainable and ESG finance.
Mr. Pham Quang Thang, Deputy General Director of Techcombank (3rd from left), represented the bank in receiving the certificate of merit from the Prime Minister.
Representing Techcombank, Mr. Pham Quang Thang, Deputy General Director, shared: “Following the direction of the Party, the State, and the Prime Minister, and under the guidance of the State Bank of Vietnam, Techcombank considers it our duty to actively participate in the emulation movement ‘Joining Hands to Eliminate Temporary and Dilapidated Houses by 2025.’ This reflects our responsibility to contribute to the country’s socio-economic development and improve the quality of life for all, especially the vulnerable. Accompanying the Government and the banking industry in building a prosperous and powerful Vietnam in the new era is also Techcombank’s long-term commitment and goal.”
The recognition by the Prime Minister underscores Techcombank’s pioneering role in partnering with the Government for national development, striving for sustainability and inclusiveness, and bringing happiness to people throughout the nation.
The Capital’s Calling: Historic Events You Don’t Want to Miss for Hanoi’s 80th Anniversary!
“From the dazzling 3D mapping show, ‘Hanoi Radiant – Thang Long Convergence’, to the exhibition of national achievements, ’80 Years of Independence, Freedom and Happiness’, and the vibrant red decorations adorning the Techcombank headquarters, these events are a must-attend for patriots. They offer a unique opportunity to delve into and take pride in Vietnam’s rich history, culture, and remarkable accomplishments.”
The Big Three: S&P Global Upgrades Vietnam’s Top Banks
On August 25th, S&P Global Ratings announced an upgrade to the long-term credit ratings of three of Vietnam’s largest banks, alongside an improvement in the Banking Industry Country Risk Assessment (BICRA) from Group 9 to Group 8. This move reflects the positive transformation of Vietnam’s economic landscape and the enhancement of its financial legal framework.
The Profit Margin Squeeze: What Products are Banks Offering to Cope?
“Maintaining and increasing low-cost deposits is key to improving net interest margins for banks. While these accounts offer negligible interest rates, customers often opt to keep their funds elsewhere. This challenge prompts banks to explore innovative strategies to retain and attract more funds in transaction accounts.”
‘F2 Wave’ Sweeps the 2025 Market: ‘Heirs’ of Billionaires Pham Nhat Vuong, Bau Hien, and Bau Thuy Take the Field, Family Fortunes Soar
The once-reticent next-gen leaders of Vietnam’s top corporations are stepping out of the shadows and making their mark. Alongside their emergence, the stocks of their parent’s businesses are seeing impressive growth on the stock market.
Unlocking Legal Hurdles: How Resolution 42 Continues to Enhance VPBank’s Asset Quality
In a challenging environment where the asset quality of the banking industry showed signs of deterioration in the first half of 2025, VPBank stood out as a rare exception. The bank proactively strengthened its internal capabilities, enhanced debt recovery efficiency, and improved its non-performing loan ratio. Additionally, the legalization of Resolution 42 provided a crucial legal impetus, enabling VPBank to accelerate its asset handling processes.
