Wallets/vpbank
VPBank (Vietnam Prosperity Bank)
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Overview
VPBank (Vietnam Prosperity Bank) is Vietnam's largest private commercial bank by total assets + SMBC strategic 15% shareholder post-Mar 2023 USD 1.5B investment [1, 2, vn-cro]. H1 2025 baseline: VPBank total assets >1.1 quadrillion VND (USD 40B+) + 28M customers (Vietnam-wide; 2023 baseline) + VPBank NEO mobile app + FE Credit consumer finance subsidiary + 2025 USD 350M sustainable finance syndicated facility with SMBC + BII + EFA + FinDev Canada + JICA.
Distinctive VPBank positioning [1, 2, 3]:
- Vietnam's largest private commercial bank by total assets (H1 2025: >1.1 quadrillion VND ~ USD 40B+)
- SMBC strategic 15% shareholder post-Mar 2023 USD 1.5B investment — distinctive Vietnam-Japan banking strategic partnership
- 28M customers Vietnam-wide (2023 baseline)
- VPBank NEO mobile app + FE Credit consumer finance subsidiary — distinctive Vietnam consumer finance leader
- 2025 USD 350M sustainable finance syndicated facility with SMBC + BII + EFA + FinDev Canada + JICA — distinctive Vietnam ESG syndicated banking
- 2025 record USD 1.2B ESG loan pursuit — distinctive Vietnam-record ESG financing
History
1993 — Vietnam Prosperity Joint-Stock Commercial Bank (VPBank) founded in Hanoi, Vietnam.
2015 — VPBank mobile banking app launches.
2017 — VPBank IPO on Ho Chi Minh Stock Exchange (HOSE: VPB).
Mar 2023 — SMBC acquires 15% of VPBank for USD 1.5B — distinctive Vietnam-Japan banking strategic partnership.
H1 2025 — VPBank total assets >1.1 quadrillion VND (USD 40B+) → Vietnam's #1 private commercial bank by assets [1, 2].
2025 — USD 350M sustainable finance syndicated facility with SMBC + BII + EFA + FinDev Canada + JICA; record USD 1.2B ESG loan pursuit [3].
Ownership & operator
Operating entity: Vietnam Prosperity Joint-Stock Commercial Bank (HOSE: VPB).
Major shareholders: SMBC (Sumitomo Mitsui Banking Corporation) 15% strategic shareholder (post-Mar 2023 USD 1.5B investment) + Founding Vietnamese shareholders + Vietnamese institutional + Vietnamese retail public float.
Regulator: SBV (State Bank of Vietnam).
Technical integration
VPBank NEO mobile banking app (iOS + Android; distinctive Vietnamese banking super-app) + vpbank.com.vn online + VPBank cards (Visa + Mastercard + NAPAS) + VPBank branch network; VietQR + NAPAS 247; FE Credit consumer finance subsidiary (distinctive Vietnamese consumer finance leader); SMBC strategic partnership product cross-referrals (Japanese customer referrals).
Users & growth
H1 2025: VPBank total assets >1.1 quadrillion VND (USD 40B+) → Vietnam's #1 private commercial bank by assets; 2023 baseline: 28M customers Vietnam-wide; VPBank NEO mobile app + FE Credit consumer finance subsidiary distinctive.
Use cases
Vietnamese retail + private + corporate + SME + consumer finance via VPBank NEO mobile + online + cards + branches + FE Credit; VietQR + NAPAS 247; distinctive SMBC strategic partnership product cross-referrals (Japanese customer referrals into VPBank Vietnam products).
Implementations & partners
Operator: Vietnam Prosperity Joint-Stock Commercial Bank (HOSE: VPB).
Major shareholder: SMBC (Sumitomo Mitsui Banking Corporation) 15% strategic (post-Mar 2023 USD 1.5B investment).
Subsidiary: FE Credit (VPBank Finance Company Limited) — distinctive Vietnamese consumer finance leader.
2025 USD 350M sustainable finance syndicated facility partners: SMBC + BII (British International Investment) + EFA (Emerging Asia Capital Partners) + FinDev Canada + JICA (Japan International Cooperation Agency) — distinctive Vietnam ESG syndicated banking.
Major Vietnamese banking competitors: [[vietcombank]] (Vietnam #1 state-controlled) + [[bidv]] (Vietnam #2) + [[vietinbank]] (Vietnam #3) + [[techcombank]] (Vietnam #2 private + Masan partnership) + [[mb-bank]] (Vietnam #3 private + Military Bank) + [[acb-vietnam]].
Regulator: SBV.
Fun facts
- Vietnam's largest private commercial bank by total assets (H1 2025: >1.1 quadrillion VND ~ USD 40B+).
- SMBC strategic 15% shareholder post-Mar 2023 USD 1.5B investment — distinctive Vietnam-Japan banking strategic partnership.
- 28M customers Vietnam-wide (2023 baseline).
- FE Credit consumer finance subsidiary — distinctive Vietnamese consumer finance leader.
- 2025 USD 350M sustainable finance syndicated facility with SMBC + BII + EFA + FinDev Canada + JICA — distinctive Vietnam ESG syndicated banking.
- 2025 record USD 1.2B ESG loan pursuit — distinctive Vietnam-record ESG financing.
Comparison
| Feature | VPBank | [[vietcombank]] (Vietnam #1 state-controlled rival) | [[techcombank]] (Vietnam #2 private rival; Masan partnership) | [[bidv]] (Vietnam #2 by assets rival) | [[mb-bank]] (Vietnam Military Bank rival) |
|---|---|---|---|---|---|
| Operator | VPBank (HOSE: VPB) | Joint Stock Commercial Bank for Foreign Trade of Vietnam (HOSE: VCB) | Vietnam Technological and Commercial Joint-stock Bank (HOSE: TCB) | Bank for Investment and Development of Vietnam (HOSE: BID) | Military Commercial Joint Stock Bank (HOSE: MBB) |
| Type | Vietnam #1 private commercial bank by total assets + SMBC 15% strategic shareholder + 28M customers + FE Credit consumer finance subsidiary | Vietnam #1 state-controlled (SBV majority) | Vietnam #2 private + Masan partnership | Vietnam #2 by assets state-controlled | Vietnam #3 private + Vietnamese Military founding heritage |
| Country | VN | VN + 5+ countries | VN | VN + 6+ countries | VN + 5+ countries |
| Distinctive | 1993 founding in Hanoi; Mar 2023 SMBC USD 1.5B 15% strategic investment; FE Credit consumer finance subsidiary; 2025 USD 350M sustainable finance syndicated facility with SMBC + BII + EFA + FinDev Canada + JICA; 2025 record USD 1.2B ESG loan pursuit | 1963 founding as Vietnam's foreign trade bank; SBV 74.8% majority state-controlled | 1993 founding; Masan Group strategic partnership; HSBC formerly strategic shareholder (now exited) | 1957 founding as Vietnam's investment + development bank; SBV majority state-controlled | 1994 founding by Vietnamese Military; Viettel telecom strategic partnership |
Status
Active, Vietnam's #1 private commercial bank by total assets + SMBC strategic 15% shareholder [1, 2, 3]:
- VPBank (HOSE: VPB) since 1993 Hanoi founding.
- Mar 2023 SMBC USD 1.5B 15% strategic investment.
- 2025 USD 350M sustainable finance syndicated facility with SMBC + BII + EFA + FinDev Canada + JICA.
- SBV regulated.
Sources
- 1 VPBank — Wikipedia
- 2 VPBank — official
- 3 VPBank + SMBC + BII + EFA + FinDev Canada + JICA USD 350M sustainable finance facility 2025
- vn-cro In-corpus:
reports/countries/VN-vietnam.md
Source
Biography extracted from vpbank.md. See matrix.md for standards-support matrix if present.