Joint Stock Commercial Bank for Foreign Trade of Vietnam - Company Profile
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Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) offers retail banking, commercial banking, and related financial services. Adequate capital, business performance of Securities segment, and increase in deposits are some of its major strengths, even as deteriorated asset quality, could be a cause for concern. Growing markets for payment channels in Vietnam, short term economic outlook in Vietnam, and new service launch could offer ample growth opportunities to the bank. However, emergence of Neobanks, competition, and risks related to online identity theft and hacking could pose various challenges to the bank.
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