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Vietcombank (VCB) has submitted a proposal to its 2026 annual general meeting of shareholders to establish a wholly owned commercial bank at the International Financial Center (IFC) in Vietnam.
The new bank would be organized as a single-member limited liability company, with Vietcombank owning 100% of the charter capital. The proposed maximum operating term is 99 years, subject to the license granted by the competent authority.
Vietcombank also plans an initial charter capital of 3,000 billion VND, described as a level typical of a small bank.
According to the proposal, the bank’s operations would concentrate on core financial services for IFC members, including:
The bank is also expected to serve financial institutions, fintech companies, technology firms, and foreign investors participating in the IFC by providing banking products and services aligned with international practices and the center’s legal framework.
Vietcombank said that establishing a 100% owned bank at the IFC would allow it to participate directly in the development of Vietnam’s international financial center and create an additional channel for international banking activities within the IFC’s legal framework.
The plan remains subject to shareholder approval and completion of related legal procedures. The Vietcombank board also proposes authorizing subsequent steps, including approving a detailed establishment plan and determining the timing of the bank’s formation when conditions are favorable, while ensuring compliance with applicable laws.
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