The Top 50 Most Effective Business Companies in Vietnam is a prestigious annual ranking organized by Investment Bridge Magazine in collaboration with Thien Viet Securities Company. It also receives consultation from leading Harvard Business School economists and references global reputable rankings to identify and honor the most effective companies on the Vietnamese stock market.
This ranking is based on three core financial indicators of enterprises over three consecutive years: revenue, return on equity (ROE), and earnings per share (EPS). These metrics clearly reflect the management capabilities and long-term growth prospects of listed companies.
 Representing Nam A Bank, Mr. Vo Hoang Hai – Deputy General Director, received the Top 50 Most Effective Business Companies in Vietnam 2025 award.
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This marks the second consecutive year Nam A Bank has been honored, demonstrating its consistent and effective business operations. The bank fully met the stringent criteria set by the organizers.
Nam A Bank’s revenue (total operating income) has grown steadily in recent years, from over 7.6 trillion VND in 2023 to more than 9 trillion VND in 2024. This growth continued, with the bank achieving nearly 5 trillion VND in total operating income in the first six months of 2025 (a 16% increase compared to the same period last year).
Simultaneously, the bank’s total assets have seen remarkable growth, from nearly 210 trillion VND (end of 2023) to over 245 trillion VND (end of 2024), and surged to nearly 315 trillion VND in the first six months of 2025 (a 28% increase since the beginning of the year). This solid foundation enables the bank to expand its operations and enhance its competitive edge.
Customers experience the modern transaction space at Nam A Bank.
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Nam A Bank’s business efficiency is evident in its profitability on a strong capital base. Total equity increased from over 15.2 trillion VND (end of 2023) to nearly 19.3 trillion VND (end of 2024) and further rose to over 21.2 trillion VND by the end of June 2025. Strong after-tax profit growth on an increasingly robust capital base highlights the bank’s effective capital utilization.
Nam A Bank outperforms the industry average in profitability, with its net interest margin (NIM) rising from 3.1% to 3.6% between 2020 and 2024, compared to the industry’s increase from 2.8% to 3.3%. The bank’s return on assets (ROA) also grew from 0.7% to 1.6%, surpassing the industry’s rise from 0.7% to 1.3% during the same period. As of the first half of 2025, the bank’s NIM and ROA (based on the latest four-quarter data) reached 3.3% and 1.5%, respectively, both higher than the industry median of 3.2% and 1.4%.
Delivering value to shareholders remains a top priority for Nam A Bank, as evidenced by the growth in earnings per share (EPS). By the end of the first six months of 2025, EPS reached 1,465 VND/share, a 12% increase compared to the same period in 2024. Previously, in 2024—the year NAB shares were listed on HOSE—EPS saw significant growth, rising from 1,937 VND/share in 2023 to 2,702 VND/share in 2024 (a 39.5% increase).
Amid global and Vietnamese economic challenges, Nam A Bank has harmoniously balanced growth objectives with prudent risk management. With a transparent governance foundation aligned with international standards (IFRS, Basel III, ESMS…), the bank has steadily established itself as a stable and transparent player in the market.
In the first six months of 2025, Nam A Bank proactively increased credit risk provisions to over 854 billion VND. This strategic move reflects a long-term vision to build a safety buffer, ensuring asset quality and sustainable growth amid market fluctuations. Additionally, total operating expenses in the first half of 2025 decreased by 6% to 1.618 trillion VND, compared to 1.719 trillion VND in the same period last year.
Effective cost control has helped reduce the bank’s cost-to-income ratio (CIR), which fell from 47.6% in 2022 to 44% in 2024 and continues to decline.
A Nam A Bank representative stated, “The Top 50 Most Effective Business Companies in Vietnam award validates our sustainable development strategy, rooted in the dual pillars of ‘digitalization’ and ‘green initiatives.’ This achievement recognizes the efforts of our entire workforce in innovation, service quality enhancement, rigorous risk management, and business efficiency optimization. We are committed to delivering the best value to our customers, shareholders, and the community.”
– 06:41 28/09/2025
FiinRatings Assigns Nam A Bank Long-Term Credit Rating of “A-” with a “Stable” Outlook
FiinRatings, a strategic partner of S&P Global Ratings, has announced its inaugural long-term credit rating for the issuer Nam A Commercial Joint Stock Bank (Nam A Bank, HOSE: NAB) at “A-” with a “Stable” Rating Outlook, effective September 16, 2025.
FiinRatings Assigns Nam A Bank Long-Term Credit Rating of “A-” for the First Time
FiinRatings, a strategic partner of S&P Global Ratings, proudly announced its inaugural long-term credit rating for Nam A Bank (HOSE: NAB) on September 16, 2025. The bank has been assigned a rating of “A-” with a “Stable” outlook.
Mrs. Tran Kieu Thuong Purchases 1 Million NAB Shares
With a recent acquisition of 1 million NAB shares, Ms. Tran Kieu Thuong now holds a substantial stake in the company. Her total ownership stands at 1.045 million shares, representing 0.061% of NAB’s capital. This significant investment showcases Ms. Thuong’s confidence in the company’s potential and underscores her active role as a key stakeholder.
“Nam A Bank Boosts Trade Finance for Import-Export Businesses with Global Capital Raising”
“In July 2025, Nam A Commercial Joint Stock Bank (Nam A Bank), listed on the Ho Chi Minh City Stock Exchange (HOSE: NAB), reinforced its reputation and prowess in the international financial market. The bank successfully secured a syndicated loan of $20 million from two leading Taiwanese financial institutions: The Shanghai Commercial & Savings Bank (SCSB) and E.SUN Bank. This significant achievement underscores Nam A Bank’s strong standing and credibility in the eyes of global financial leaders.”
