ACB Shareholders Approve 2025 Business Plan with a Pre-Tax Profit Target of VND 23,000 Billion
At the meeting, Mr. Tu Tien Phat, CEO of ACB, shared that following the Prime Minister’s directive to the State Bank and commercial banks to study and implement credit packages to support young customers, ACB took the lead in introducing the “First Home” loan package.
Just one month after its launch, the program attracted a large number of customers under 35 years old to apply for home loans. This package offers a term of up to 30 years exclusively for young borrowers.
“For the first five years, borrowers only pay 1% of the principal amount annually; for the next five years, they pay 2% of the principal. This is a very practical support policy and greatly influences the home-buying decision of many young people. As a result, ACB has approved VND 700 billion in loans, of which VND 500 billion has been disbursed, and VND 200 billion is ready for disbursement to borrowers,” said Mr. Phat.
At the meeting, ACB shareholders also approved the 2025 business plan, targeting a pre-tax profit of VND 23,000 billion, an increase of 9.5% compared to 2024.
In addition, ACB shareholders agreed to a dividend payout ratio of 25%, including a 10% cash dividend and a 15% stock dividend. This is the fifth consecutive year that ACB has maintained a high dividend payout, with cash dividends for the last three years, demonstrating sustainable business performance and a commitment to maximizing shareholder value.
In 2025, ACB remains steadfast in its orientation to become a leading retail bank while focusing on developing large customers, leading enterprises, and foreign-invested companies (FDI). The bank aims for a credit growth rate of 16%, equivalent to the system-wide growth rate.
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