Techcombank and the ambition to become the leading comprehensive financial group in the region

In the context of the Vietnamese financial industry undergoing drastic changes, Vietnam Technological and Commercial Joint Stock Bank ( Techcombank ) has emerged as a symbol of innovation, strategic vision and adaptability to global trends. Not only stopping at the role of a leading commercial bank, Techcombank is pursuing a greater ambition: to become a comprehensive financial group, providing integrated services from banking, securities to insurance and asset management.

Expanding into the insurance sector, Techcombank expects to make a difference

At the 2025 Annual General Meeting of Shareholders, Techcombank CEO Jens Lottner emphasized Techcombank's three core pillars: Data, technology, and talent, with a "customer-centric" philosophy. These are important foundations for Techcombank to expand into new areas, apply advanced technologies such as artificial intelligence (AI) and blockchain, and build strategic partnerships with prestigious international organizations.

Techcombank’s journey is not just about improving operational efficiency but also about reshaping the way customers interact with financial services. From providing traditional banking products such as credit and savings, Techcombank is expanding into many other potential areas including life insurance, wealth management, and crypto assets, while integrating non-financial services to meet the increasingly diverse needs of a rapidly developing economy .

One of Techcombank’s strategic moves is the establishment of a life insurance company, expanding into a strategic financial sector. CEO Jens Lottner said Techcombank is actively seeking international partners to develop the life insurance company. With advantages in digital platforms, customer access, and brand trust, Techcombank is confident that it can reshape the Vietnamese insurance market.

Participating in the life insurance sector not only helps Techcombank expand its service portfolio but also creates a stable source of long-term income, strengthening the bank's position in the financial ecosystem. With people increasingly interested in financial security and planning for the future, the establishment of a life insurance company shows the bank's strategic vision, anticipating the growing demand for personal financial protection and long-term accumulation.

“We strongly believe that this is the right time to establish a life insurance company, and we can make a difference. And with the participation of partners, Techcombank can create a better solution for Vietnamese customers. This process is ongoing, and I think in the next one or two quarters, we will have more clear information,” said Techcombank CEO.

TCBS IPO: Motivation for Techcombank to affirm its position

Techcombank Securities Company (TCBS) is an important pillar in the Techcombank ecosystem, playing a pioneering role in the field of WealthTech and asset management. With 60% of its staff being technology staff, TCBS is always in the top securities companies with the largest stock brokerage market share on both HSX and HNX, with market shares of 7.5% and 8.3% respectively in the first quarter of 2025. TCBS is also ready to participate in the crypto asset market, leveraging blockchain technology to ensure safe and efficient transactions.

TCBS does more than just provide securities services; it also reshapes the way customers approach investing. From reducing financial barriers to applying blockchain technology, TCBS is becoming an important driving force helping Techcombank move closer to its goal of becoming a comprehensive financial group.

TCBS's IPO plan at the end of 2025, as announced at the 2025 General Meeting of Shareholders, is an important milestone for TCBS. Techcombank Chairman Ho Hung Anh said that the Bank is working with major investors, and their assessment of TCBS's potential and position is very positive. The IPO will help raise capital, strengthen the brand, and affirm Techcombank's position in the financial sector. In particular, TCBS's preparation for the crypto-asset market, in the context of the Vietnamese government building a legal framework, shows Techcombank's long-term vision in leading the global digital financial trend.

“We expect to conduct TCBS IPO in 2025. However, this will depend a lot on financial market conditions, reciprocal tariffs, and some issues related to upgrading the Vietnamese stock market. We will choose the right time, but it will be soon,” said Techcombank Chairman Ho Hung Anh.

AI and Solid Finance: Competitive Advantage in the New Era

Techcombank is leading the Vietnamese banking industry in applying artificial intelligence (AI) and digital transformation, creating a difference in customer approach and optimizing operational efficiency.

By collaborating with tech giants like AWS and Silicon Valley companies, and developing its own applications suitable for the Vietnamese market, Techcombank is building a smart, efficient, and customer-friendly financial system.

Techcombank’s AI strategy extends beyond banking to areas such as healthcare and e-commerce. For example, the bank is partnering with healthcare providers to develop insurance-integrated financial solutions to meet the needs of the Vietnamese economy. These efforts not only enhance the customer experience but also create an integrated financial ecosystem where services are seamlessly connected.

In addition, the strength of a solid financial foundation is considered a launching pad for Techcombank's ambition to become a comprehensive financial group. In 2024, the bank recorded a record profit of VND 27,500 billion, leading the industry in return on assets (ROA). With a profit target of VND 31,500 billion in 2025, Techcombank is maintaining a stable growth momentum, creating a foundation to achieve strategic goals.

With an integrated ecosystem of banking, securities, insurance, and asset management, Techcombank is gradually realizing its ambition to become a comprehensive financial group. The AI ​​application strategy, TCBS IPO plan, and new steps in the life insurance sector are important pieces, helping Techcombank not only consolidate its domestic position but also reach out to the region, contributing to bringing the Vietnamese financial industry to a new level.

Source: https://baodautu.vn/techcombank-va-tham-vong-tro-thanh-tap-doan-tai-chinh-toan-dien-hang-dau-khu-vuc-d283176.html