TPBank and Viettel sign strategic cooperation agreement, promoting comprehensive digital transformation and expanding the digital service ecosystem in Vietnam

The cooperation agreement for the period 2025-2030 marks a deep and broad collaboration between two leading organizations in the finance, banking, and technology sectors, aiming to build a modern, secure, and sustainable digital service ecosystem, contributing to the national digital transformation process.

On November 26, 2025, in Hanoi, Tien Phong Commercial Joint Stock Bank (TPBank) and the Military Telecommunications and Industry Corporation (Viettel) officially signed a Memorandum of Understanding for strategic cooperation, opening a comprehensive cooperation phase between a pioneering digital bank and one of Vietnam's leading technology companies.

Within the framework of this strategic cooperation, TPBank and Viettel aim to connect technological strengths to create new standards for financial and telecommunications services in Vietnam. With the DNA of a pioneering digital bank, TPBank provides Viettel and its customer ecosystem with flexible, automated financial solutions designed for real-time operation. Credit, payment, account management, and digital banking services will be deployed on an open platform, enabling rapid integration, deep connectivity, and continuous expansion through Open Banking and Embedded Banking. When synchronized with Viettel's digital ecosystem, especially Viettel Money, the financial services network will become more seamless, faster, and more accessible than ever before.

Conversely, Viettel partners with TPBank as a strategic technology partner, bringing core competencies in digital infrastructure, cloud computing, big data, and artificial intelligence to jointly develop a next-generation digital banking model. The two parties will refine operations based on data, automate processes, and build a technology architecture that allows for fast, secure, and scalable transaction processing. Simultaneously, the combination of Viettel's logistics, transportation, communication, and technology personnel capabilities with TPBank's digital operating platform will form a flexible, fast, and scalable operational structure, creating advantages for both parties in the next growth phase.

A key highlight of the agreement is the shared vision of an open digital ecosystem – where financial services, digital utilities, and telecommunications services are seamlessly connected, providing a "one-touch" experience for users. TPBank and Viettel will continue to research co-branded products, expanding connections with lifestyle services, bill payments, e-commerce, public services, and many other areas. This partnership will not only enhance the customer experience but also contribute to shaping a cashless payment environment, inclusive finance, and pave the way for new advancements in Vietnam's digital economy.

Speaking at the signing ceremony, Mr. Do Minh Phu, Chairman of the Board of Directors of TPBank, shared: “This cooperation agreement opens a new model for strategic partnership between Viettel and TPBank, where the capabilities of the two organizations are connected to create greater value for the community. This is not just a combination of technology and finance, but also a meeting of shared visions for a more modern and humane digital future. We appreciate the trust that Viettel has placed in TPBank and believe that the four core values ​​– connectivity, innovation, sustainability, and dissemination – will continue to guide this collaborative journey. With a pioneering spirit, we expect that the partnership between the two sides will create new standards for the ecosystem.” Vietnam's digital economy and telecommunications sector.”

Representing Viettel, Mr. Tao Duc Thang, Chairman and CEO of the Group, stated: “Viettel and TPBank are entering a new phase of meaningful cooperation, where both sides share strengths and aspirations to bring technology to serve life in the most accessible and effective way. The complementarity between the two ecosystems, from technology and telecommunications to finance and banking, will open up different solutions and create practical value for customers. Trust is the most important foundation in cooperation, and we believe that transparent and consistent partnership will bring sustainable and positive results to Vietnam's digital ecosystem.”

With a long-term vision and strong commitment to partnership, TPBank and Viettel expect this strategic cooperation to create new advancements in digital finance, expand access to modern services, and promote the development of Vietnam's digital economy. Both sides also agreed on the direction of developing co-branded cards to provide differentiated benefits and increase practical value for customers; while continuing to prioritize resources, expand research into new service models, and maintain deep cooperation to bring sustainable benefits to customers, businesses, and society as a whole.