Vietnam’s VPBank announces agreement to issue 15% of its charter capital to Japan’s SMBC

The new investment also proves a strong and trusted collaboration between SMBC and VPBank, since the two parties entered into a business partnership agreement in May 2022. As one of the earliest-established joint-stock commercial banks in Vietnam, VPBank has achieved sustainable development throughout its 30-year history. VPBank is now the leading commercial bank in Vietnam in terms of efficiency and profitability, with strong presence in retail and SME segments. As one of the earliest-established joint-stock commercial banks in Vietnam, VPBank has achieved sustainable development throughout its 30-year history. VPBank is now the leading commercial bank in Vietnam in terms of efficiency and profitability, with strong presence in retail and SME segments.