“Vietcombank Leads in Business Performance for the First Half of 2025”
Mr. Nguyen Thanh Tung, Chairman of the Board of Directors of Vietcombank, giving the opening remarks at the conference. (Photo: Vietcombank)
On June 27, 2025, in Da Nang city, Vietcombank organized a conference to review its business performance for the first half of the year and deploy tasks for the remaining six months of 2025.
According to Mr. Nguyen Thanh Tung, Chairman of the Board of Directors of Vietcombank, the bank has comprehensively accomplished its business targets, maintaining its leading position in terms of quality and operational efficiency. The business structure has shifted towards safety, efficiency, and sustainability, with remarkable results in the first half of 2025.
Specifically, total assets are estimated to exceed VND 2.1 quadrillion, a 1.8% increase compared to the end of 2024. Total credit outstanding to the economy, after supporting VCBNeo, is estimated to have increased by more than 5.0% compared to the end of 2024. The credit structure continues to shift towards quality, efficiency, and sustainability. The non-performing loan ratio is maintained at below 1%, the lowest among large-scale credit institutions. The loan loss provision coverage ratio reaches approximately 219%, the highest in the banking system. Off-balance sheet debt collection reaches approximately VND 1,900 billion, a 38% increase compared to the same period in 2024. The CIR ratio is well controlled and is expected to decrease compared to the end of 2024.
Mr. Tung affirmed that Vietcombank continues to hold the top position in the market in terms of capitalization and profitability and is the leading commercial bank in terms of quality and operational efficiency.
Prior to Vietcombank, another bank in the Big4 group (the four state-owned commercial banks) – VietinBank, also announced its preliminary business results for the first half of 2025.
According to Mr. Tran Minh Binh, Chairman of the Board of Directors of VietinBank, the bank has achieved positive business results in the first six months. Specifically, credit balance growth is estimated at 10% compared to the end of 2024; mobilized capital sources increased by more than 9% compared to the end of 2024; and profit before risk provision continues to grow compared to the same period in 2024.
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