At the 2025 Annual General Meeting of Shareholders held on the morning of April 26, the leaders of Vietnam Technological and Commercial Joint Stock Bank ( Techcombank ) shared a lot of notable information related to the business strategy, IPO plan of subsidiary TCBS, technology orientation and long-term development ambitions.
Towards a capitalization of 20 billion USD
Chairman of the Board of Directors Ho Hung Anh said that 2024 is a pivotal period, when Techcombank has gradually overcome the difficult period of 2022-2023 and achieved important successes, creating the premise for sustainable growth.
The bank's leaders affirmed that the business plans were built in a cautious manner, taking into account uncertain factors from the global economic environment, especially the impact of reciprocal tax policies and geopolitical risks . However, the leadership expects the actual results to be more positive if the market situation develops more favorably than expected.
In the context of fiercely competitive financial market, net interest margin (NIM) of banking industry tends to decrease.
However, according to Techcombank's management board, the bank still maintains a healthy NIM level, with less decline than other banks thanks to the advantage of low capital costs and the ability to effectively attract cash flow from individual customers.
In particular, the bad debt ratio is committed to be controlled below 1.5%, reflecting that asset quality continues to be well maintained.
"NPLs have generally remained flat, with only slight fluctuations of 2-3 basis points, mainly due to some fluctuations in retail mortgage loans from large customer groups. But looking at the entire credit portfolio, asset quality remains stable and the target of maintaining NPL at 1.5% remains under control, even if external risks such as trade tensions persist," CEO Jens Lottner analyzed.
Chairman Ho Hung Anh chaired the discussion session at Techcombank's 2025 Annual General Meeting of Shareholders.
At the meeting, the board of directors also reaffirmed its commitment to building sustainable value for shareholders, with a target capitalization of 20 billion USD by 2025.
With equity currently reaching about VND174,000 billion and strong profit growth expected this year, the bank aims to improve the P/B ratio to 2-2.5 times - a feasible figure in the context of the market gradually recovering and investment confidence returning.
This confidence is also reinforced by a series of favorable factors such as the recovery of the bond market, real estate market, and the increasing trend of personal investment.
Techcombank is currently the leading bank in terms of fee income, accounting for about 13% of the industry, and is expanding strongly into areas such as SME, consumer finance, and retail investment products for mass customers – new pillars to promote sustainable growth.
TCBS IPO Preparation
One content that has attracted great attention from shareholders is the IPO plan of Techcom Securities Company (TCBS). According to Mr. Hung Anh, the bank has worked with two major investors and received very positive reviews.
Although details have not been announced, bank leaders said the IPO could take place this year or at the end of the year, depending on developments in the financial market, the tax situation and the roadmap to upgrade Vietnam's stock market.
The Board of Directors has prepared various scenarios, actively worked with consultants and will choose the right time to ensure maximum value for shareholders. In particular, the bank also pays close attention to the post-IPO problem - using the capital raised effectively, harmonizing growth targets and existing shareholders' interests.
In response to shareholders’ concerns about investment benefits, Mr. Ho Hung Anh affirmed that the majority of Techcombank’s shareholders are major shareholders who have been with the bank for a long time. The Board of Directors regularly reports 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 still ensure that information is always fully updated.
"Tariff factors and macro fluctuations will certainly affect the 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 operations, Techcombank is also actively participating in key national infrastructure projects. The bank is currently playing the main role in arranging capital for the expressway connecting the Central Highlands with the Central Coast.
If approved by the competent authorities, the project will start construction soon. This is a step in the development strategy in parallel with the real economy , while creating a foundation to promote the real estate market in the medium and long term.
Regarding the real estate market, bank leaders said 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 invest in infrastructure and the people's still large investment demand, the real estate market is gradually overcoming the "falling point", the Chairman of Techcombank said that there is still hope for a more solid recovery for real estate in the future.
Another highlight at the conference was the bank’s technological ambitions. According to the share, Techcombank is proactively investing in new platforms such as blockchain, digital assets, switching systems, and AI applications across all banking operations.
The bank's leaders also said they are waiting for the Ministry of Finance to grant a license to soon launch life insurance products - a field that promises to create new sources of revenue and contribute to perfecting the personal financial ecosystem.
With the message of "steadfastness and confidence in the path outlined", Techcombank's board of directors emphasized that, in order to build sustainable value, the bank will continue to take steady steps, control risks well, take advantage of opportunities, and always maintain active dialogue with investors to optimize shareholder benefits.
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
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