Draft:VPBank

Vietnam Prosperity Joint Stock Commercial Bank, commonly referred to as VPBank, is one of the leading joint stock commercial banks in Vietnam.

VPBank was established on August 12, 1993. As of the end of September 2023, the bank's total assets reached VND 780,213 billion, an increase of 23.6% compared to the beginning of the year.

In 2022, VPBank became the first and largest sponsor to bring the copyright of the 2022 FIFA World Cup to Vietnam, according to an official announcement from VTV.

Scandals
VPBank has been involved in multiple scandals related to the lending and debt collection practices of its subsidiary FE Credit. In 2019, the newspaper "Sức khỏe và Đời sống" published an article titled "VPBank tears a family apart," which exposed the bank's wrongdoings in lending and debt collection practices. In October 2023, Vietnamnet reported on a case where VPBank employees swindled and appropriated customers' assets.