General Information

VPBank has set its 3rd five-year (2022-2026) development strategy goal to become a bank with a solid position in the top 3 leading banks in Vietnam and one of the top 100 largest banks in Asia.

The achievements of the first two development phases (2012-2017 and 2018-2022) have created a solid foundation and comprehensive momentum for VPBank to confidently uphold its success in the new development phase, thereby continuing to promote the sustainable development and prosperity of the country and the community as a whole while delivering value added to the bank’s customers, shareholders and investors.

Strategic vision and solid foundation

Projected by the International Monetary Fund (IMF) in June 2022, Vietnamese economy would likely rise from the current fifth position to the third in Southeast Asia by 2025, with a GDP of more than $571 billion, closely following Indonesia and Thailand. At the same time, IMF highly appreciated Vietnam’s efforts in improving the business environment, promoting digitalisation, enhancing workers’ skills and productivity at small and medium-sized enterprises. These values are to back Vietnam in its quest to obtain long-term growth prospects.

The strength and prospects of the country’s economy, coupled with the above positive forecasts, have created an important footing and support for VPBank’s 3rd five-year development strategy – a new development phase associated with a new set of vision, mission and strategy. In particular, VPBank has built a clear roadmap towards the goal of becoming a multi-purpose bank, a leader in terms of implementation, innovation and creation capacity of new values through comprehensive financial solutions with the synergy of multi-tiered ecosystem and advanced technology application.

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