Unlocking the Power of Words: Vietbank’s Steady Growth and Social Responsibility, 12 Months On, with a New CEO

Vietbank Ranks in Top 100 Private Enterprises Contributing the Most to Vietnam’s State Budget

CafeF recently announced the PRIVATE 100 list, recognizing the top private enterprises contributing to Vietnam’s state budget with a minimum payment of 100 billion VND. This initiative aims to acknowledge the crucial role of the private sector in the economy and honor their spirit of serving society.

Vietbank, officially known as the Vietnam Commercial Joint Stock Bank, is proud to be among the private banks that contributed over 100 billion VND to the state budget in 2023, with a total contribution of 174 billion VND. The bank’s ratio of budget contribution to profit size is among the highest in the list of esteemed financial institutions.

Since the appointment of Ms. Tran Tuan Anh as CEO nearly 12 months ago, Vietbank has achieved remarkable breakthroughs. The bank’s financial indicators at the end of 2023 and in the 2024 semi-annual financial report showcase promising results, attesting to the collective efforts of the Vietbank team under the leadership of this female “Dragon” general.

The substantial contribution to the state budget reflects not only legal obligations but also social responsibilities and the bank’s commitment to the community. Moreover, the significant contribution serves as a testament to Vietbank’s stability and growth, fostering trust among investors, partners, and customers, and driving the sustainable development of the banking sector and the national economy.

Prior to this recognition, Vietbank had consecutively made it to the list of Top 50 Enterprises with Outstanding Growth in Vietnam for five years. This consistent achievement is a testament to the bank’s unwavering commitment to safe, efficient, and sustainable development, as guided by its Board of Directors.

Additionally, Vietbank has been bestowed with numerous prestigious awards, including: Outstanding Enterprise in Asia; Strong Brand – Sustainable Development; Top 500 Largest Enterprises in Vietnam; Top 100 Best Employers in Vietnam; Top 10 Best Places to Work in Vietnam; Exemplary Bank for Community Contribution; Top 10 Golden Quality Services for Consumer Rights; and Top 10 Competitive Brands in Vietnam, to name a few.

These accomplishments not only reflect the relentless efforts of the bank’s leadership and staff but also demonstrate their agility and creativity in navigating market challenges. Over the years, Vietbank has successfully implemented innovative and effective business strategies, focusing on enhancing service quality, optimizing operational processes, and embracing modern technology to solidify its position in the financial industry.

Vietbank Prioritizes Sustainable Development

As a bank in its acceleration and expansion phase, Vietbank is committed not only to profit growth but also to social responsibilities. The bank actively contributes to the social and state budget through charitable activities, community support, and sustainable development initiatives.

Vietbank has made significant contributions to vital social projects, including the construction of schools, hospitals, and community infrastructure. Their education, healthcare, and rural development programs have substantially improved the quality of life for people in remote and rural areas.

These contributions not only enhance the well-being of the community but also foster a healthy business environment, propelling the growth of the national economy. Vietbank has been, and continues to be, a trusted partner for its customers and the community.

With its impressive achievements and strong commitment to sustainability, Vietbank is building a brighter future, not just for itself but for the entire Vietnamese economy.

For the year 2024, Vietbank aims to achieve a pre-tax profit of 1,050 billion VND, a 29% increase from the previous year. The bank also targets total assets of 150,000 billion VND, with customer deposits (including securities) reaching 116,000 billion VND and customer loans amounting to 95,000 billion VND. Additionally, Vietbank seeks to expand its market share and grow its total assets in both quantity and quality, while maintaining non-performing loan ratios below or equal to 2.5%, as per the State Bank of Vietnam’s regulations (SBV’s limit is 3%).

To attain these goals, Vietbank remains steadfast in its vision to become Vietnam’s leading retail bank. The bank’s strategy encompasses stable and sustainable development, improving the quality of profitable assets, adhering to state regulations, enhancing customer service and experience, and restructuring its organization and personnel to align with new leadership directives.

Vietbank also plans to expand its branch network, enhance service quality, and accelerate digital transformation. Simultaneously, the bank is committed to upholding its core values of transparency, responsibility, and delivering optimal value to customers, shareholders, and the community.

With its comprehensive and sustainable development strategy, Vietbank aspires to maintain its position as one of the leading banks in Vietnam, positively impacting the country’s economic and social progress.