Techcombank accompanies 7th Singapore Regional Business Forum in Hanoi

By Thy An   June 30, 2023 | 01:45 am PT
Vietnam Technological and Commercial Joint Stock Bank (Techcombank) is one of two platinum sponsors for the 2023 Singapore Regional Business Forum to be held in Hanoi on July 7.

This year marks the 50th anniversary of bilateral ties and 10th anniversary of the strategic partnership between Singapore and Vietnam.

The forum will be graced by Prime Minister Pham Minh Chinh.

Titled "Strengthening Regional Collaboration for Sustainable Growth," the event is expected to gather over 500 business and political leaders, and will include a number of plenary sessions, panel discussions, dialogues with political officeholders, and networking sessions.

It comes at a challenging time with economies facing market fluctuations while recovering from the Covid pandemic and the risk of supply chain disruptions.

At a virtual press conference on Wednesday, Jens Lottner, CEO of Techcombank, said he is proud that his bank has the chance to support this forum as it approaches its 30th founding anniversary.

"We are focusing on our mission to lead the transformation of the Vietnamese banking industry, as well as being a pioneer for the wider region.

"With our partners, we can encourage innovation, share knowledge and constantly push new boundaries to achieve our goals. We look forward to all we can achieve together."

Jens Lottner, CEO of Techcombank. Photo courtesy of Techcombank

Jens Lottner, CEO of Techcombank. Photo courtesy of Techcombank

Techcombank was honored by Financial Asia as "Best Bank in Vietnam 2023."

The Asian Banker urges businesses to choose Techcombank as it is one of the "Best Collection Management solutions via Virtual Account" in the Asia Pacific, "Best Payment Bank in Vietnam" for three consecutive years and "Best Supply Chain Financing Bank in Vietnam 2022."

This year Techcombank aims to elevate itself into a leading, pioneering private bank in Vietnam and a rising star in Asia, with a clear vision to "change banking, change lives," and lead the transformation of Vietnam’s financial industry.

This is executed through a three-pillar strategy based on digital, data and talent.

Accordingly, ensuring a smooth and uninterrupted flow of transactions and optimizing operating costs are the key to business survival and for which digitalization and digital transformation are critical.

As part of its "digital" and "data" pillars, the bank continues to invest in even more cutting-edge digital platforms and cloud transformation initiatives, enabling it to deliver a bespoke banking experience and achieve partnership-led growth.

The whole customer journey with Techcombank will be digitalized. The customer interactive experience will also be personalized in real-time across digital and offline touchpoints.

The collaborations and partnerships across the region allow the bank to achieve its goals as it works to follow its "Change banking, change lives" vision.

With the "talent" pillar, Techcombank will focus on enhancing employees' skills, constantly training and upskilling.

Its employees received nearly 900,000 hours of training in 2022, equivalent to 70 hours per employee through virtual classrooms, e-learning and classroom sessions.

It also made further investments in employees' data and digital capabilities via partnership with Amazon Web Services. Some 2,800 have received advanced training in cloud technology, receiving approximately 250 different certifications from AWS.

Techcombank was also the first Vietnamese lender to organize overseas talent roadshows in Singapore, London, San Francisco, and Sydney, which allowed it to engage Vietnamese talents with unique international experience.

Supporting the strategic progress of the bank are several landmark transactions which contributed to setting new records in Vietnam.

In November 2022 it completed a loan guarantee transaction for Vinfast Singapore, enabling that company to access international lending arranged by a major international bank worth US$300 million.

It was the first time Techcombank had guaranteed a transaction for an overseas company.

In June 2022 it successfully concluded a landmark $1 billion syndicated loan facility, setting another milestone in its offshore fundraising activity.

This marked Techcombank’s third foray into the offshore loan syndication market after a $500-million transaction in 2020 and a $800-million financing in 2021.

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