Vietnam Joint Stock Commercial Bank for Foreign Trade of Vietnam (VCBNeo) has just announced the termination of operations of 25 transaction offices (PGD) from October 25.

The list of transaction offices that will cease operations includes:

Cho Gao Transaction Office, My Tho Transaction Office belong to Tien Giang branch;

Tay Do Transaction Office, O Mon Transaction Office, Thot Not Transaction Office belong to Can Tho branch;

Hoang Dieu Transaction Office, Da Nang branch;

Bach Ho Transaction Office, Tan Thanh Transaction Office belong to Vung Tau branch;

Duc Hoa Transaction Office, Can Dot Transaction Office, Tan Tru Transaction Office, Chau Thanh Transaction Office, Hau Nghia Transaction Office of Long An branch;

Dong Khoi Transaction Office, Ba Tri Transaction Office belong to Ben Tre branch;

Can Duoc Transaction Office, Ben Luc Transaction Office, Thu Thua Transaction Office, Long Huu Transaction Office of Rach Kien branch;

Chau Doc Transaction Office, My Long Transaction Office belong to An Giang branch;

Cau Ngang Transaction Office belongs to Tra Vinh branch;

Binh Minh Transaction Office belongs to Vinh Long branch;

Binh Chanh Transaction Office, Hoc Mon Transaction Office belong to Saigon branch.

By early 2025, VCBNeo had 92 transaction offices. With the simultaneous closure of 25 points, the bank's network now has 67 transaction offices, becoming the bank with the smallest network size among the four banks that are forced to transfer.

Meanwhile, GPBank currently has 80 transaction offices, down 5 points compared to the beginning of the year. MBV and Vikki Bank maintain 101 and 212 transaction offices respectively, unchanged compared to the beginning of the year.

VCBNeo was formerly known as Construction Bank. After the mandatory transfer to Vietcombank in October 2024, the bank changed its name to Vietnam Joint Stock Commercial Bank for Foreign Trade of Vietnam (VCBNeo).

At the conference to review business activities in the first 9 months of 2025, VCBNeo leaders said that the bank still has a number of outstanding issues that need to be monitored and handled, according to the roadmap of the compulsory transfer plan.

Despite some positive results, the bank’s operations still have many limitations that need to be overcome. Notably, VCBNeo is the only bank in the group of 4 banks subject to compulsory transfer that has not yet announced its expected profit in 2025.

Source: https://vietnamnet.vn/vcbneo-dong-cua-cung-luc-25-phong-giao-dich-2453794.html