Techcombank becomes first IFM’s Partner Member in Vietnam
The International Factors Group (IFG) has announced that Vietnam Technological and Commercial Joint Stock Banks (Techcombank) has officially become the first Partner Member of the group in Vietnam.
Hanoi (VNA) – The International Factors Group (IFG) has announced that Vietnam Technological and Commercial Joint Stock Banks (Techcomba🦩nk) has officiall𝓰y become the first Partner Member of the group in Vietnam.
Accordingly, Techcombank will provide more overall import-export factoring solutions, thus diversifying business segmentations with more preferential price rates and better meeting financial demand of import-export enterprises.
Joining the IFG, the bank will also have more development opportunities in the field with partners around the world.
The bank will also have access to the online information exchange and transaction system Ifexchange, helping minimize transaction time and ensuring law compliance.
Founded in 1963, IFG is the global trade association that fully represents and promotes the interest of the factoring, invoice financing and asset-based lending industry on a global basic. IFG currently has 160 members from 60 countries worldwide.-VNA
The Technological and Commercial Joint-Stock Bank (Techcombank) has been the only bank in Vietnam winning two awards from the Asian Banker magazine at the same time.
The Vietnam Technological and Commercial Joint Stock Bank ( Techcombank) on September 9 received 10 awards presented by four prestigious international magazines in the finance-banking sector, the bank said in a press release the same day.
Vietnam Technological and Commercial Joint Stock Bank (Techcombank) received the Best Bank in Vietnam award 2015 from the Global Banking and Finance Review.
The Global Banking and Finance Review, a British magazine, named the Vietnam Technological and Commercial Joint-stock Bank (Techcombank) the best Vietnamese retail and the best Vietnamese corporate bank.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Despite global economic uncertainties, Binh Duong has maintained strong momentum in both exports and industrial production during the first half of 2025.
Transactions at Techcombank (Photo: VNA)
