# VPBank (Vietnam Prosperity Bank)

> Source: https://docs.barcoder.ai/docs/wallets/vpbank
> research date 2026-05-30 · extracted at 2026-10-03
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [VPBank — official](https://www.vpbank.com.vn/en/ca-nhan)

## 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** <sup>[1][1], [2][2], [Viet Nam report](https://docs.barcoder.ai/docs/payments/VN)</sup>. **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** <sup>[1][1], [2][2], [3][3]</sup>:
- **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** <sup>[1][1], [2][2]</sup>.

**2025 — USD 350M sustainable finance syndicated facility with SMBC + BII + EFA + FinDev Canada + JICA**; **record USD 1.2B ESG loan pursuit** <sup>[3][3]</sup>.

## 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 (VCB Digibank)](https://docs.barcoder.ai/docs/wallets/vietcombank) (Vietnam #1 state-controlled) + [BIDV (BIDV SmartBanking X)](https://docs.barcoder.ai/docs/wallets/bidv) (Vietnam #2) + [VietinBank / VietinBank iPay](https://docs.barcoder.ai/docs/wallets/vietinbank) (Vietnam #3) + [Techcombank](https://docs.barcoder.ai/docs/wallets/techcombank) (Vietnam #2 private + Masan partnership) + [MB Bank (Military Commercial Joint Stock Bank)](https://docs.barcoder.ai/docs/wallets/mb-bank) (Vietnam #3 private + Military Bank) + [ACB (Asia Commercial Bank)](https://docs.barcoder.ai/docs/wallets/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 (VCB Digibank)](https://docs.barcoder.ai/docs/wallets/vietcombank) (Vietnam #1 state-controlled rival) | [Techcombank](https://docs.barcoder.ai/docs/wallets/techcombank) (Vietnam #2 private rival; Masan partnership) | [BIDV (BIDV SmartBanking X)](https://docs.barcoder.ai/docs/wallets/bidv) (Vietnam #2 by assets rival) | [MB Bank (Military Commercial Joint Stock Bank)](https://docs.barcoder.ai/docs/wallets/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** <sup>[1][1], [2][2], [3][3]</sup>:
- **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]: https://en.wikipedia.org/wiki/VPBank "VPBank — Wikipedia"
[2]: https://www.vpbank.com.vn/en/ca-nhan "VPBank — official"
[3]: https://www.vpbank.com.vn/en/tin-tuc/thong-cao-bao-chi/2025/vpbank-cung-smbc-bii-efa-findev-canada-va-jica-cong-bo-khoan-vay-hop-von-tri-gia-350-trieu-usd-nham-thuc-day-phat-trien-ben-vung-tai-viet-nam "VPBank + SMBC + BII + EFA + FinDev Canada + JICA USD 350M sustainable finance facility 2025"
[vn-cro]: https://docs.barcoder.ai/docs/payments/VN

- [1] [VPBank — Wikipedia][1]
- [2] [VPBank — official][2]
- [3] [VPBank + SMBC + BII + EFA + FinDev Canada + JICA USD 350M sustainable finance facility 2025][3]
- <sup>[Viet Nam report](https://docs.barcoder.ai/docs/payments/VN)</sup> In-corpus: `reports/countries/VN-vietnam.md`

## Source

Biography extracted from [vpbank.md](https://docs.barcoder.ai/source/wallets/vpbank). See `matrix.md` for standards-support matrix if present.