[2] Vietcombank was formerly the Foreign Exchange Management Department (FEMD) of the National Bank of Vietnam (NBV), established on January 20, 1955.

[3][4] In 1961, the FEMD was renamed the Foreign Exchange Bureau (FEB) under the State Bank of Vietnam (SBV).

[7] In 1990, Vietcombank diversified its services from being exclusively focused on foreign trade to a become a mass market commercial bank.

The bank was then after listed on the Ho Chi Minh Stock Exchange on 30 June 2009 after a successful IPO[6] that raised US$652 million making it the biggest Vietnamese firm to conduct an initial public offering.

As of March 2021[update], The shareholding in the bank's stock was a follows:[1] Vietcombank is governed by a seven-person Board of Directors with Pham Quang Dung serving as Chairman and CEO.