Vietnam Technological & Commercial Joint Stock Bank


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11 articles for Vietnam Technological & Commercial Joint Stock Bank

Vietnam Strategy: April 2022 – Tailwinds from AGM and earnings season

We remain positive on Vietnam equities in the long term due to the following structural catalysts: better domestic demand, companies’ earnings prospect, economic activities and FDI inflows on the back of broader economic reopening and fiscal stimulus...
Rong Viet Lam
Lam Nguyen @ Rong Viet 11 April 2022

Vietnam Strategy: March 2022 – Timing is key

The Russia-Ukraine war and US and European sanctions on Russia have raised concerns about the risk of a global supply chain disruption, especially since Russia and Ukraine are two major exporting countries in terms of metal products, fertilisers, agr...
Rong Viet Lam
Lam Nguyen @ Rong Viet 11 March 2022

TCB: 2022/2023 outlook – Expect solid growth amid headwinds

We see factors that will support NIM during the deposit rate increases. Implicit costs on CASA, including technology investments and promotion expenses should be considered when assessing the stability and growth potential of these non-maturity depos...
Rong Viet Thanh
Thanh Nguyen @ Rong Viet 3 March 2022

TCB: Capitalising on competitive advantages

The 2021-2025 strategy marks an acceleration phase capitalising on TCB's competitive advantages: invested infrastructure, thick capital base and strong ecosystem. We expect TCB to have good growth when capitalising on its competitive advantages in a ...
Rong Viet Thanh
Thanh Nguyen @ Rong Viet 29 December 2021

Vietnam Strategy: June 2021 – Prepare for new opportunities

The market will move into a "quiet period" once Q1 21 business results are fully released. Meanwhile, April CPI decreased by 0.04% mom, and increased by only 0.89% in 4M 21, indicating that inflationary pressure is not something to worry about yet an...
Rong Viet Lam
Lam Nguyen @ Rong Viet 7 June 2021

TCB: Maintaining competitive advantages

CASA ratio slightly decreased in Q1 21 due to seasonality of corporate customers. We maintain our target price of VND50,900/share and Buy recommendation. This translates to an upside of 17% from the closing price of 4 May 2021. Based on the expansion...
Rong Viet Thanh
Thanh Nguyen @ Rong Viet 8 May 2021


Vietnam Technological and Commercial Joint-stock Bank, doing business as Techcombank, provides banking services. The Bank offers savings, deposits, loans, credit cards, monetary management, trade finance, international payment, and foreign exchange services. Techcombank serves individuals, corporates, and the government sectors in Vietnam.

Associated topics

Equity Vietnam Financials Asia Vietnam Technological & Commercial Joint Stock Bank Banks TCB Thanh Nguyen 2021 2020 2022 MBB Asia Commercial Bank Macro