Techcombank’s stock (TCB) recently surged 6.5% to 29,400 VND/share, boosting its market capitalization to 208 trillion VND (8 billion USD), solidifying its position as the largest private bank on Vietnam’s stock market. However, it remains far from the target of 20 billion USD market capitalization by the end of 2025 set by Chairman Ho Hung Anh during the Annual Shareholders’ Meeting. Under his leadership, the bank hopes to leverage opportunities from the bond and real estate markets. Ho Hung Anh also announced plans for the IPO of Techcom Securities (TCBS) by late 2025, depending on market trends. In less than two weeks since the meeting, TCB stock has risen 13%, adding nearly 1 billion USD in market cap. Techcombank aims for a pre-tax profit of 31.5 trillion VND in 2025, a 14.4% increase over 2024, while keeping its bad debt ratio below 1.5%. The bank will also pay a dividend for 2024 at a rate of 10%.
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