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Techcombank (TCB) was founded in 1993 [4] by Vietnamese businessmen who returned from Russia. Its domestic investors include Vietnam Airlines [5] and Masan Group. [6] In 2005, global bank HSBC acquired a 10% stake in Techcombank. [7] [8] In 2008, HSBC increased its stake in the bank to 20% by making a follow-on investment of $77.1 million.
Masan Group Corporation, ( Vietnamese: Công ty cổ phần Hàng tiêu dùng Masan ), is among the top three largest private sector companies in Vietnam in terms of market capitalization. [2] The group was founded and is headquartered in Ho Chi Minh city. Its subsidiaries include Masan Consumer Holdings (consumer staples), Techcombank (financial services) and Masan Resources (mining). The ...
The Bank of Tokyo-Mitsubishi UFJ. Intesa Sanpaolo exited the Vietnamese market in 2018 and sold local operations to Shinhan Bank (Korea) Commonwealth Bank of Australia. Public Bank Vietnam. Shinhan Bank. KEB Hana Bank. Industrial Bank of Korea. Scotiabank. JP Morgan Chase Bank.
Banks are ditching their branches. Between bank failures and traditional brick-and-mortar closing up shops, more people are moving towards digital banking, which has gained...
On 29 December 2005, HSBC acquired 10% share capital of Vietnam Technological and Commercial Joint Stock Bank (Techcombank), one of the largest joint stock commercial banks in Vietnam by equity. In July 2007, HSBC became the first foreign bank to increase its stake in Techcombank to 15%.
Under Minh's leadership, Techcom Securities subsequently became the largest and most profitable investment banking institution in 2019, achieved all targets of its first 5-year strategy in 2020 and hit a market capitalization of $1 billion.
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