Corporate Profile
Asian Commercial Joint Stock Bank (ACB) Is A Private Joint-stock Commercial Bank Headquartered In Ho Chi Minh City, Vietnam. The Bank Was Established In June 1993 And Listed On The Ho Chi Minh City Stock Exchange On December 9, 2020 . As Of Q3, 2023 , ACB's Registered Capital Is VND 463.83 Billion , And It Has 121 Branches And 4,081 Employees Nationwide . ACB's Business Is Mainly Aimed At Individual Customers And Small And Medium-sized Enterprises , Providing Services Including Savings, Lending, Investment, Payment Services And Safe Deposit Boxes.
ACB Occupies An Important Position In The Vietnamese Market And Is The Second Largest Joint-stock Bank In The Country. Its Shareholders Include A Number Of Domestic And Foreign Institutional Investors With A Scattered Shareholding Structure. The Top Three Shareholders Are Vietnam Communications , Vietnam Science And Technology Telecom Group And Vietnam Fertilizer Company .
Regulatory Information
ACB Holds The Commercial Bank Business License Issued By The State Bank Of Vietnam (license Number: 978/UBCK-KTDT-HN), Which Covers All Its Core Business. In Addition, ACB Has Also Passed A Number Of International Certifications, Including ISO 9001 Quality Management System Certification And ISO 27001 Information Security Management System Certification .
ACB Operates In Strict Accordance With The Commercial Bank Law Of Vietnam And Other Relevant Financial Regulations. Its Compliance System Covers Anti-money Laundering, Anti-terrorist Financing, Data Privacy Protection And Other Aspects. As Of Q3 2023 , ACB's Capital Adequacy Ratio Is 13.5% , Which Is Higher Than The 10% Standard Required By The State Bank Of Vietnam.
Trading Products
ACB Offers A Variety Of Trading Products, Including:
- Forex : Support Trading More Than 70 Currency Pairs, Such As USD/JPY , EUR/USD , Etc., Covering Major Currencies And Some Minor Currency Pairs, Such As USDSGD And USDCNH .
- Precious Metals : Provides Trading Services For Precious Metals Such As Gold, Silver, Platinum, And Palladium.
- Stocks : Allows Clients To Trade Large Company Stocks Such As Apple , Tesla , Etc.
Trading Software
The Trading Software Used By ACB Is MetaTrader 5 (MT5) . The Platform Is Known For Its User-friendly Interface, Fast Trade Execution, Built-in Charting Tools, And In-depth Market Analysis Capabilities. MT5 Supports A Variety Of Trading Tools, Including Forex, Commodities, And Stocks.
Deposit And Withdrawal Methods
ACB Supports A Variety Of Deposit And Withdrawal Methods, Including:
- VISA And MasterCard : Deposit And Withdrawal Operations By Credit Or Debit Card.
- Bank Telegraphic Transfer : Supports International And Local Bank Telegraphic Transfer.
- Cryptocurrency : Accepts Cryptocurrencies Such As USD T Ethereum As A Deposit And Withdrawal Method.
Customer Support
ACB Provides Multilingual Customer Support, Including Vietnamese, English And Chinese. Customers Can Be Contacted By:
- Tel : + 44 203 9666600
- Email : [email protected], [email protected], [email protected]
Core Business And Services
ACB's Main Business Includes:
- Retail Banking : Provides Savings, Loans, Payments And Investment Services To Individual Customers.
- Corporate Banking : Provides Loans, Trade Finance And Cash Management Services To SMEs.
- Capital Markets Business : Provides Clients With Bond, Equity And Foreign Exchange Trading Services.
ACB Has Also Developed Its Own AIoT (AIoT) Risk Control System , Which Helps Clients Reduce Risk By Monitoring Trading Behavior And Market Volatility In Real Time.
Technical Infrastructure
ACB's Technical Infrastructure Is Based On Cloud Computing And Blockchain Technology To Support The Efficient Operation Of Its Core Business. In Addition, ACB Has Also Developed Its Own AIoT Risk Control System , Which Helps Customers Reduce Risk By Monitoring Transaction Behavior And Market Volatility In Real Time.
Compliance And Risk Control System
ACB Operates In Strict Accordance With Vietnam's Commercial Banking Law And Other Relevant Financial Regulations. Its Compliance System Covers Anti-money Laundering, Anti-terrorist Financing, Data Privacy Protection And Other Aspects.
ACB's Risk Control System Is Based On The AIoT Risk Control System , Which Helps Clients Reduce Risk By Monitoring Trading Behavior And Market Fluctuations In Real Time. At The Same Time, ACB Has Also Established A Three-level Risk Management System , Including Transaction Risk, Credit Risk And Operational Risk Management.
Market Positioning And Competitive Advantage
ACB Occupies An Important Position In The Vietnamese Market And Is The Second Largest Joint-stock Bank In The Country. Its Competitive Advantage Is:
- Extensive Branch Network : ACB Has 121 Branches Across The Country, 70 Of Which Are Located In Ho Chi Minh City, Covering Major Cities In Southern And Central Vietnam.
- Efficient Risk Control System : ACB's AIoT Risk Control System Can Monitor Trading Behavior In Real Time And Help Customers Reduce Risk.
- Diversified Business Structure : ACB Not Only Provides Traditional Banking Services, But Also Dabbles In Areas Such As Capital Markets And Foreign Exchange Trading.
Customer Support And Empower
ACB Provides A Variety Of Support Services To Its Clients, Including:
- Multilingual Customer Support : Support Vietnamese, English And Chinese.
- Educational Resources : Provides Educational Resources In Trading Training, Market Analysis And Risk Control.
Social Responsibility And ESG
ACB Actively Fulfills Its Social Responsibility And Participates In A Number Of Public Welfare Projects, Including Education Support Programs And Community Development Programs . In Addition, ACB Is Committed To Green Finance To Support Environmental Projects By Providing Sustainable Development Financing.
Strategic Cooperation Ecology
ACB Has Established Strategic Partnerships With A Number Of Domestic And Foreign Institutions, Including:
- Vietnam Communications
- Vietnam Science And Technology Telecom Group
- Vietnam Fertilizer Company
In Addition, ACB Also Cooperates With A Number Of International Financial Institution Groups To Provide Customers With A Wider Range Of Financial Services.
Financial Health
As Of Q3 2023 , ACB Has An Asset Size Of $36 Billion , A Capital Adequacy Ratio Of 13.5% , And A Non-performing Loan Ratio Of 1.8% .
Future Roadmap
ACB's Future Roadmap Includes The Following Points:
- Market Expansion : Plan To Increase The Number Of Branches To 150 By The End Of 2024 To Cover More Areas.
- Fintech Investment : Plans To Invest USD 500 Million In Fintech R & D Over The Next Three Years.
- Capital Adequacy Ratio Improvement : Plans To Increase Capital Adequacy Ratio To 15% Through Capital Increase And Share Expansion And Profit Retention.
ACB Will Continue To Focus On Technological Innovation And Risk Management, With The Goal Of Becoming The Leading Financial Institution Group In The Vietnamese Market.
