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Techcombank accompanies 7th Singapore Regional Business Forum in Hanoi

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The Singapore Regional Business Forum (SRBF®), with this year’s theme of “Strengthening Regional Collaboration for Sustainable Growth”, is scheduled to take place in Hanoi on July 7, 2023. This edition will commemorate the 50th anniversary of bilateral relations and the 10th anniversary of the Strategic Partnership between Singapore and Vietnam. Vietnam Technological and Commercial Joint Stock Bank (Techcombank) is honored to be one of two Platinum Sponsors for this forum.

The event will bring together over 500 leaders from the business and political realms and includes a range of plenary sessions, panel discussions, dialogues with political office-holders, and networking sessions. SRBF will be graced by H.E. Pham Minh Chinh, Prime Minister of Vietnam.

In its role as Platinum Sponsor, Techcombank aims to elevate its status as a leading, pioneering, private bank in Vietnam as well as a rising star in Asia, with a clear vision to “Change Banking, Change Lives” and lead the transformation of Vietnam’s financial industry. This is executed through a three-pillared strategy based on Digital, Data and Talent. Announced at the virtual press conference on June 28, 2023, CEO of Techcombank, Mr Jens Lottner, said: “I am deeply proud that Techcombank is supporting this forum and to mark the 50th anniversary of bilateral relationship and the 10th anniversary of the Strategic Partnership between Singapore and Vietnam. As we approach our own 30th anniversary since founding, we are reflecting on the greatness we’ve achieved together while focusing on our mission to lead the transformation of the Vietnamese banking industry, as well as being a pioneer for the wider region. Working with our partners we can encourage innovation, share knowledge and constantly push new boundaries to achieve our goals. We look forward to all we can achieve together.”

This forum is held amidst a challenging context of economies facing market fluctuations while recovering from the pandemic, as well as the risk posed by supply chain disruption. Techcombank understands that ensuring the smooth and uninterrupted flow of transactions, as well as optimizing operating costs, is the key to business survival and for which digitalisation and digital transformation is critical. As part of its ‘Digital’ and ‘Data’ pillars, the bank continues to invest into even more cutting-edge digital platforms and cloud transformation initiatives, enabling the bank to deliver a bespoke banking experience and cultivate partnership-led growth. The whole customer journey with Techcombank will be digitalised and the customer interactive experience will be personalised in real-time across digital and offline touchpoints. Underpinning Techcombank’s growth journey have been numerous collaborations and partnerships across the region, allowing the bank to achieve its goals and which remain fundamental today as it works to realize its “Change Banking, Change Lives” vision.

Furthermore, focusing on enhancing the experience of Techcombank’s employees as well as constant training and upskilling are hugely important parts of Techcombank’s ‘Talent’ pillar as part of its three-pillared, digital transformation strategy. In 2022, Techcombank employees received nearly 900,000 hours of training – equivalent to 70 hours per employee – through virtual classroom, e-learning and in-class sessions. Techcombank also made further investment into the data and digital capabilities of its people via partnership with Amazon Web Services (AWS): 2,800 employees received advanced training in Cloud technology, validating approximately 250 different certifications from AWS. Techcombank was also the first Vietnamese bank to organise overseas talent roadshows in Singapore, London, San Francisco and Sydney which allowed the bank to engage Vietnamese talent with unique international experience.

Supporting the strategic progress of Techcombank are several landmark transactions, which contributed to set new records in Vietnam. In November 2022, Techcombank completed a loan guarantee transaction for Vinfast Singapore, enabling the company to access international lending, which was arranged by a major international lender and had a total value of US$300 million. This was the first time Techcombank underwrote a transaction for an overseas company, and it was also the largest guarantee transaction in the market in 2022.

Earlier, in June 2022, Techcombank successfully concluded a landmark US$1 billion syndicated loan facility, setting another milestone in our offshore fundraising activity. This facility marked Techcombank’s third approach to the offshore loan syndication market, following the inaugural US$500 million transaction in 2020 and a US$800 million financing in 2021.

This year, Techcombank will be celebrating its 30th anniversary following its establishment in 1993, a time when Vietnam transitioned towards a more market-oriented economy, and its subsequent growth to become one of the largest banks in Vietnam. Pioneering the journey of digital transformation as well as constantly improving to provide effective “tailor-making” solutions for customers has helped Techcombank become the only representative of Vietnam honored by the Financial Asia as “Best Bank in Vietnam 2023”. The prestigious magazine The Asian Banker (TAB) also gives the best suggestions for business to choose Techcombank because this bank is “the Best Collection Management solution via Virtual Account” in Asia Pacific”, “Best Payment Bank in Vietnam” for three consecutive years and “Best Supply Chain Financing Bank in Vietnam 2022”.

ABOUT TECHCOMBANK

Vietnam Technological and Commercial Joint Stock Bank (Techcombank) is one of the largest joint stock banks in Vietnam, and a leading bank in Asia, with a vision to Change Banking, Change Lives. The Bank pursues a proven customer-centric strategy in providing a broad range of retail, SME and business banking solutions and services to over 10.8 million retail and corporate customers. The Bank serves and engages with customers through its market-leading digital banking platform and mobile app, and an extensive network of transaction service outlets at locations across Vietnam. The Bank’s ecosystem approach, co-created through partnerships in multiple key economic sectors, adds further scale and differentiation in one of the fastest growing markets in the world. Techcombank is listed on the Ho Chi Minh Stock Exchange (HoSE) as TCB.

Recognized for excellence and innovation, Techcombank received the following awards in 2023:

  • Best Bank in Vietnam 2023 – FinanceAsia Awards
  • Top 163 Global Banking 2023, with brand value reaching US$1.4 billion – The Brand Finance
  • ‘Best Retail Bank’ & ‘Best Private Retail Bank’ in Vietnam 2023 – The Asian Banker
  • Digital Bank of the Year 2023 – Triple A Awards
  • Great Places to Work – Vietnam Best Workplaces 2023

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