Vietnam Prosperity Joint Stock Commercial Bank (Vietnamese: Ngân hà ng Thng mi cphn Vit Nam Thnh Vng; English: Vietnam Prosperity Joint Stock Commercial Bank), commonly known as VPBank, is a private joint-stock commercial bank in Vietnam, founded in 1993.

History

Vietnam Prosperity Bank was founded in 1993. In 2017, it was listed on the Ho Chi Minh City Stock Exchange.

In 2021, Brand Finance estimates that VPBank's brand value will increase by 41% to US $502 million, and US $354 million in 2019, thus entering its global bank brand value top 250 list for the first time, ranking 243, and ranking second as a private bank in Vietnam.

In 2022, Thang Phong Bank invested VND 100 billion Vietnam Television (VTV) to purchase the rights to broadcast the 2022 FIFA World Cup in Vietnam, as the largest sponsor. At the end of 2022, Thang Phong Bank's consolidated share capital reached more than VND 103 trillion, an increase of 20% compared to 2021, and a compound growth rate of 28.4% in five years.

In 2023, Japan's Sumitomo Mitsui Financial Group announced that it will acquire a 15% stake in Vietnam Prosperity Bank for 1.50 billion US dollars, and the authorized capital of Vietnam Prosperity Bank will reach 5.96 billion US dollars, ranking second among private financial lenders in Vietnam