“EVNFinance: On Track to Success – Q1 Performance Exceeds Expectations, Achieving Over 32.5% of Annual Profit Target”

Retail Becomes a Strategic Pillar

Addressing shareholder queries at the 2025 Annual General Meeting regarding EVNFinance’s expected Q1 2025 results, Mr. Mai Danh Hien, Member of the Board of Directors and General Director, shared that EVNFinance recorded a pre-tax profit of VND 312 billion for Q1 2025, equivalent to 32.5% of the year’s plan. The Q1 2025 report will be published by EVNFinance as per legal requirements. This outcome reflects a positive shift in the loan portfolio, improved operational efficiency, and enhanced credit risk management by EVNFinance.

Notably, retail operations are expected to contribute approximately 35% of EVNFinance’s 2025 profit, amounting to VND 335 billion, a significant leap from a single-digit percentage in previous years. This figure also demonstrates the effectiveness of EVNFinance’s transition to a personalized, agile, and technology-driven financial model.

Discussing the 2025 plan and the shift in business pillars, Mr. Mai Danh Hien stated: “We are taking a controlled and gradual approach to this transition. The 35% profit figure from retail is a result of our long-term investment in technology, data, and a new market mindset.”

Mr. Mai Danh Hien, Member of the Board of Directors and General Director, speaking at the Assembly

Commitment to Sustainable and Transparent Growth

Alongside business development, EVNFinance is also reinforcing its commitment to sustainable and transparent growth through a selective growth strategy, avoiding aggressive and uncontrolled expansion. EVNFinance remains steadfast in its focus on safe and stable market segments with long-term value creation potential, notably including SME financing, controlled consumer credit, and environmentally friendly projects. This focus not only helps maintain asset quality and curb bad debt but also contributes to a responsible financial ecosystem that benefits the community and society.

In parallel, EVNFinance is engaging with potential foreign investors with strong technical capabilities and technological advantages. This process aims not only to increase charter capital but also to bring new resources to EVNFinance in terms of human capital, technology, and governance experience, thus accelerating digital transformation and enhancing long-term competitiveness.

The cautious and deliberate steps taken by EVNFinance in 2025 and its long-term plans indicate a focus not just on growth but also on building a financial model that is efficient, transparent, sustainable, and balanced in terms of shareholder, customer, and societal interests.