When the time is ripe, Techcombank's value will explode.

At the 2025 Annual General Meeting of Shareholders held on the morning of April 26th, the leaders of Vietnam Technological and Commercial Bank ( Techcombank ) shared several noteworthy pieces of information related to its business strategy, the IPO plan of its subsidiary TCBS, its technology orientation, and long-term development ambitions.

Aiming for a market capitalization of $20 billion.

Chairman of the Board of Directors Ho Hung Anh stated that 2024 is a pivotal period, as Techcombank has gradually overcome the difficulties of 2022-2023 and achieved significant successes, laying the foundation for sustainable growth.

Bank leaders affirmed that business plans were developed cautiously, taking into account uncertainties from the global economic environment, particularly the impact of reciprocal tax policies and geopolitical risks. However, the management expects actual results to be more positive if market conditions develop more favorably than forecast.

In the context of a fiercely competitive financial market, the net interest margin (NIM) of the banking industry tends to decrease.

However, according to Techcombank's management, the bank has maintained a healthy NIM, experiencing less decline compared to other banks thanks to its advantages in low cost of capital and its ability to effectively attract funds from individual customers.

In particular, the non-performing loan ratio is committed to being kept below 1.5%, reflecting the continued maintenance of good asset quality.

"Non-performing loans (NPLs) are generally flat, fluctuating only slightly by 2-3 basis points, mainly due to some volatility in retail mortgage loans from large clients. But considering the entire credit portfolio, asset quality remains stable and the target of maintaining NPLs at 1.5% is still under control, even with external risks such as prolonged trade tensions," CEO Jens Lottner analyzed.

Chairman Ho Hung Anh presided over the discussion session at Techcombank's 2025 Annual General Meeting of Shareholders.

At the general meeting, the leadership also reaffirmed its commitment to building sustainable value for shareholders, with the goal of achieving a market capitalization of $20 billion by 2025.

With current equity capital reaching approximately VND 174,000 billion and expectations of strong profit growth this year, the bank aims to improve its P/B ratio to 2–2.5 times – a feasible figure in the context of a gradually recovering market and renewed investment confidence.

This confidence is further reinforced by a series of favorable factors such as the recovery of the bond market, the real estate market, and the increasing trend of individual investment.

Techcombank is currently the leading bank in fee income, accounting for approximately 13% of the entire industry, and is aggressively expanding into areas such as SMEs, consumer finance, and retail investment products for mass market customers – new pillars to drive sustainable growth.

TCBS prepares for IPO.

One item that has attracted significant shareholder attention is the IPO plan of Techcombank Securities Company (TCBS). According to Mr. Hung Anh, the bank has already worked with two major investors and received very positive feedback.

Although details cannot yet be disclosed, bank leaders said the IPO could take place this year or by the end of the year, depending on developments in the financial market, the tariff situation, and the roadmap for upgrading the Vietnamese stock market.

The Board of Directors has prepared various scenarios, actively worked with consulting firms, and will choose the appropriate time to ensure maximum value for shareholders. In particular, the bank is also paying close attention to the post-IPO strategy – ensuring the efficient use of the capital raised, striking a balance between growth objectives and the interests of existing shareholders.

Addressing shareholders' concerns about their investment rights, Mr. Ho Hung Anh affirmed that the majority of Techcombank's shareholders are major shareholders with long-term commitments to the bank. The management board regularly reports on financial indicators and maintains regular meetings with domestic and foreign investors.

The Board of Directors also works closely with investors to define clear and transparent KPIs in strategy implementation. Although general meetings do not have enough time for in-depth discussions, quarterly dialogue channels ensure that information is always fully updated.

"Tariff factors and macroeconomic fluctuations will certainly affect our strategy to some extent, but we remain steadfast in our long-term goals and believe that when the time is right, Techcombank's value will explode," Chairman Ho Hung Anh affirmed.

Techcombank's 2025 Annual General Meeting of Shareholders.

In addition to its core business, Techcombank is also actively involved in key national infrastructure projects. The bank currently plays a major role in arranging financing for the expressway connecting the Central Highlands with the Central Coast.

If approved by the relevant authorities, the project will commence soon. This is a step in the strategy of developing in parallel with the real economy , while also creating a foundation to boost the real estate market in the medium and long term.

Regarding the real estate market, bank leaders believe that this is not a sector that can recover strongly in the short term, especially if global trade fluctuations occur, affecting consumption and GDP growth.

However, with the government's strong commitment to infrastructure investment and continued strong investment demand from the public, the real estate market is gradually overcoming its "low point." The Chairman of Techcombank believes that there is still room for a more solid recovery in the real estate sector in the future.

Another highlight of the congress was the bank's technological ambitions. According to the announcement, Techcombank is proactively investing in new platforms such as blockchain, digital assets, switching systems, and AI applications across all banking operations.

Bank leaders also stated that they are awaiting approval from the Ministry of Finance to soon launch life insurance products – a promising area that could generate new revenue and contribute to the completion of the personal finance ecosystem.

With the message "steadfast and confident in the path already laid out," Techcombank's leadership emphasizes that, to build sustainable value, the bank will continue to take steady steps, manage risks effectively, seize opportunities, and always maintain positive dialogue with investors to optimize benefits for shareholders.

Source: https://www.nguoiduatin.vn/chu-tich-techcombank-ho-hung-anh-khi-thoi-diem-chin-muoi-gia-tri-cua-techcombank-se-bung-no-204250426113443376.htm