As one of the top tax-contributing enterprises to the state budget, VIB has consistently been recognized for its outstanding achievements. In 2024, VIB was honored as one of the top four private banks in terms of budget contribution, ranking 11th among all private enterprises in Vietnam.
This remarkable feat is a testament to the successful implementation of VIB’s retail model, which has demonstrated strong and sustainable growth year after year. Since transitioning its business model in 2017, VIB has contributed over VND 11,900 billion to the state budget in just seven years, achieving an impressive average growth rate of nearly 40%/year. This not only showcases VIB’s efficient business operations but also highlights its significant contribution to the nation’s collective resources.
In addition to its financial contributions, VIB actively engages in community initiatives such as the nationwide movement to eradicate temporary and dilapidated housing, providing support for those affected by Typhoon Yagi, offering student scholarships, and promoting cultural, educational, and social programs through various sponsorship activities.
On the business front, VIB recently announced positive Q3 results, including outstanding credit and deposit growth of 12% and 8%, respectively. This success is attributed to the proactive launch of competitive and attractive lending and deposit products in the market. In terms of risk management, VIB has shown significant improvement in asset quality through effective debt management strategies and early prevention measures. As of the end of October, Group 2 debt has decreased by more than 30%, equivalent to approximately VND 4,500 billion compared to the beginning of the year. With a favorable credit situation and enhanced asset quality, the bank is expected to achieve positive financial results, continuing its substantial contributions to the national budget.
“VIB Bank Contributes Over $129,000 in Taxes for 2023, Finalizing an Additional $383,000 Payment for 2022-2023”
As per the Large Enterprise Tax Department’s document dated November 11, 2024, Vietnam International Commercial Joint Stock Bank (HOSE: VIB) has completed paying additional taxes of 8.5 billion VND for the years 2022 and 2023, bringing the total tax payment for 2023 to 3,102 billion VND.
“Dr. Entrepreneur: Philanthropy, Child Welfare, and Gender Equality Champion.”
Dr. Nguyen Thi Phuong Thao, a prominent entrepreneur and one of Asia’s most powerful women, has been recognized by the prestigious Fortune Magazine in their 2024 list. Dr. Thao epitomizes the modern Asian woman, tirelessly contributing to the happiness and well-being of children and advocating for gender equality.
Chairman of VPBank Securities to Appear on The Investors Talk Show on September 24th
Chairman of the Board of VPBank, Vu Huu Dien, and host Pham Minh Huong, Chairman of VNDirect Securities, engage in a captivating conversation. With their extensive knowledge and expertise in the securities industry, this dynamic duo is set to offer valuable insights and engaging discussions that will undoubtedly captivate investors and enthusiasts alike.
