Asia Commercial Joint-Stock Bank (ACB) was established under the Business License No. 0032/NH-GP dated 24 April 1993 by the State Bank of Vietnam and Establishment Permit No. 533/GP-UB dated 13 May 1993 by the People’s Committee of Ho Chi Minh City. ACB started operations on 04 June 1993.

Year 1996: ACB was the first Vietnamese commercial joint-stock bank to issue ACB-MasterCard – an international credit card.

Year 1997: Issuance of ACB-Visa international credit card. ACB began to approach modern banking practices through a two-year training program on banking operations conducted by foreign bankers and banking specialists. From this comprehensive program, ACB gained, in a systematic understanding, operational principles of a modern bank, standards and best practices in risk management, especially in retail banking, and research to translate its knowledge into actions in Vietnam’s situation.

Year 1999: ACB launched its IT modernization program, the purpose of which is to set up a wide area network. At 2001-end, the core-banking platform named TCBS (The Complete Banking Solution) was officially put into operation, which enables real time transactions, connects all branches together and allows them to share a centralized database.

Year 2000: ACB’s restructure was a development strategy within first half of the 2000s (2000 - 2004), differentiating business activities with support activities in order to endure thorough and smooth direction, customer-oriented product management appropriate to customer segments and proper care for business development and risk management. Business divisions consist of consumer banking, commercial banking and treasury. Support divisions include IT, managerial monitoring, business development, HR management, and several departments directly reporting to the President. Head Office’s business activities were transferred to the Main Branch in HCMC.

Year 2003: ACB established a quality management system in accordance with ISO 9001:2000 and its ISO quality management system was acknowledged in terms of (i) deposits, (ii) short and medium-long term loans, (iii) trade services, and (iv) providing HR at the Head Office.

Year 2005: Standard Chartered Bank (SCB) signed an agreement with ACB on a comprehensive technical assistance, and became ACB’s strategic shareholder. ACB carried out the second phase of IT modernization program, including (i) server upgrading, (ii) replacement of current bankcard transaction processing software by a new one compatible with the core banking platform and (iii) ATM installation.

Year 2006: ACB stocks were listed on Hanoi Securities Trading Center.

Year 2007: ACB strongly expanded the branch network, with 31 new branches and sub-branches and set up ACB Leasing Company. Besides that, ACB strengthened it cooperation with various partners such as Open Solution (OSI) – Thien Nam for upgrading the core banking solution, Microsoft Group on applying IT to operations and management,