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Speaking at the conference to review the first six months of 2025, Mr. Pham Toan Vuong, CEO of Agribank, shared that as of June 30, 2025, the bank’s total mobilized capital exceeded VND 2.1 quadrillion, up 6.4% from the beginning of the year, the highest since 2021. Notably, individual deposits accounted for a large proportion of this growth. Agribank’s capital sources have been steadily increasing, meeting the borrowing demands of customers in production and business while ensuring compliance with safety ratios as stipulated by the State Bank of Vietnam.
Loans to the economy reached over VND 1.85 quadrillion, a 7.6% increase compared to the beginning of the year and higher than the same period in 2024. Notably, loans for agriculture and rural areas exceeded VND 1.13 quadrillion, accounting for over 61% of the total outstanding loans.
According to Agribank’s management, the business performance in the first six months of the year has been positive compared to the previous year, achieving the best results since the implementation of the restructuring plan combined with bad debt handling for the 2021-2025 period.
Prior to Agribank, VietinBank and Vietcombank also announced their preliminary business results for the first six months. VietinBank’s management shared that the bank has achieved positive business results in the first half of 2025. Specifically, credit balance grew by an estimated 10% compared to the end of 2024, while mobilized capital increased by over 9%. Profit before risk provision also continued to grow compared to the same period in 2024.
At a recent conference, Mr. Nguyen Thanh Tung, Chairman of Vietcombank, stated that Vietcombank has successfully accomplished its business targets, maintaining its leading position in terms of quality and efficiency. The business structure has shifted towards safety, efficiency, and sustainability, with remarkable results in the first six months of 2025.
Total assets are estimated to exceed VND 2.1 quadrillion, a 1.8% increase compared to the end of 2024. Total credit balance for the economy, after supporting VCBNeo, increased by more than 5.0% compared to the end of 2024. The credit structure continues to shift towards quality, efficiency, and sustainability. The bad debt ratio is maintained at below 1%, the lowest among large-scale credit institutions. The ratio of allowance for credit losses to total bad debt reached approximately 219%, the highest in the banking system. Off-balance sheet debt collection reached about VND 1,900 billion, a 38% increase compared to the same period last year. The CIR ratio is well controlled and expected to decrease compared to the end of 2024.
According to Mr. Tung, Vietcombank remains the top bank in terms of market capitalization and profitability and is the leading commercial bank in terms of quality and efficiency.
