Vietbank Accelerates Sustainable Development Strategy

Vietnam Thuong Tin Commercial Joint Stock Bank (Vietbank) has announced its plan to acquire Lim II Tower (62A Cach Mang Thang Tam, District 3, now Xuan Hoa Ward, Ho Chi Minh City), the building it has leased as its Ho Chi Minh City Branch headquarters for many years. This strategic move, subject to shareholder approval via written consent, underscores Vietbank’s financial strength, enhances its competitive edge, and aligns with its goal of becoming one of Vietnam’s top 15 commercial joint stock banks, as outlined in its strategic vision.

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Boosting Infrastructure Investment

Lim II Tower is a Grade A office building, comprising 3 basement levels and 18 floors above ground, with a total floor area exceeding 25,700 m², strategically located in the bustling economic and financial hub of Ho Chi Minh City. Acquiring this headquarters empowers Vietbank with greater control over its operational infrastructure, mitigating rental cost fluctuations while enhancing brand reputation and fostering a sustainable image among customers, shareholders, and investors.

Ho Chi Minh City hosts the largest number of Vietbank’s branches and transaction offices, with 7 branches and 45 transaction offices. Owning a large-scale, modern, and dynamic workspace in the city center facilitates the bank’s expansion, strengthening its long-term presence in Vietnam’s key financial market.

Enhancing Financial Capacity for Sustainable Growth

According to the announcement, the acquisition of Lim II Tower is valued at approximately VND 3,000 billion. Owning a prestigious headquarters in a prime location in Ho Chi Minh City not only optimizes Vietbank’s operational systems and demonstrates its financial strength and commitment to sustainable growth but also elevates its credibility and professional image among customers, partners, and investors.

Investing in Digital Transformation to Strengthen Competitive Advantage

Alongside infrastructure development, Vietbank is heavily focused on digital transformation. In August 2025, the bank launched Vietbank DigiBiz, a dedicated application for businesses, aimed at enhancing customer experience and operational efficiency. Vietbank’s digital transformation efforts have been recognized with prestigious international awards, including the Asian Technology Excellence Awards 2025 in the Digital Banking category and the Vietnam Technology Excellence Award 2024 in Cybersecurity.

Simultaneously investing in infrastructure, increasing charter capital, and accelerating digital transformation underscores Vietbank’s commitment to building a secure, stable, and sustainable foundation for growth. These strategic steps firmly position Vietbank on its path to becoming one of Vietnam’s leading private commercial banks.

Kim Ngân

– 6:20 PM, September 30, 2025

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