Vietcombank’s net interest income for the second quarter reached VND 14,160 billion, a modest 2% increase year-on-year.
Service income witnessed a significant drop of 43%, settling at VND 861 billion. In contrast, foreign exchange business activities displayed robust growth of 41%, yielding VND 1,635 billion in interest. Other activities also drew attention, generating VND 1,153 billion in interest compared to just over VND 24 billion in the same period last year.
Operating expenses for the period surged by 18% to VND 6,024 billion. Consequently, profit from business operations rose slightly by 2% to VND 11,843 billion.
During the quarter, Vietcombank substantially reduced its risk provision expenses by 47%, amounting to nearly VND 810 billion. This resulted in a 9% increase in pre-tax profit, reaching VND 11,033 billion.
For the first half of the year, net profit from business operations stood at VND 23,455 billion, a 2% decrease year-on-year. Pre-tax profit reached nearly VND 21,894 billion, a 5% increase compared to the previous year, attributable to a significant 48% reduction in credit risk provisions.
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VCB’s Q2 and 6M 2025 business results. Unit: VND billion
Source: VietstockFinance
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As of the end of the second quarter, Vietcombank’s total assets exceeded VND 2.2 quadrillion, marking a 6% increase since the beginning of the year. Customer lending and deposits reached nearly VND 1.56 quadrillion and VND 1.59 quadrillion, respectively, reflecting a 7% and 8% year-to-date growth.
As of June 30, 2025, Vietcombank’s total non-performing loans amounted to VND 15,576 billion, representing a 12% increase since the start of the year. The non-performing loan ratio also witnessed a slight uptick from 0.96% to 1% during this period.
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VCB’s loan quality as of June 30, 2025. Unit: VND billion
Source: VietstockFinance
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Han Dong
– 20:19 30/07/2025
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