Nam A Bank Secures Spot in Vietnam’s Top 50 Most Efficiently Operated Companies

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.

For the second consecutive year, Nam A Bank has been honored with this award, demonstrating its effective and stable business operations. Nam A Bank has fully met the stringent criteria set by the organizers.

In recent years, Nam A Bank’s revenue (total operating income) has grown continuously, from over 7.6 trillion VND in 2023 to more than 9 trillion VND in 2024. This growth momentum continued, with the bank’s total operating income reaching nearly 5 trillion VND 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 surging 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

Nam A Bank’s business efficiency is evident in its profitability on a strong capital base. Total equity has increased from over 15.2 trillion VND (end of 2023) to nearly 19.3 trillion VND (end of 2024) and further to over 21.2 trillion VND by the end of June 2025. Strong after-tax profit growth on an increasingly consolidated capital base highlights the bank’s effective capital utilization.

Nam A Bank demonstrates better profitability than the industry average, with net interest margin (NIM) rising from 3.1% to 3.6% between 2020 and 2024, outpacing the industry’s increase from 2.8% to 3.3%. The bank’s return on assets (ROA) also increased from 0.7% to 1.6%, surpassing the industry’s growth 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 per share, a 12% increase compared to the same period in 2024. Previously, in 2024—the year NAB shares were listed on HOSE—EPS grew significantly from 1,937 VND per share in 2023 to 2,702 VND per 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 transparent and stable 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 six months of 2025 decreased by 6% to 1,618 billion VND compared to 1,719 billion VND in the same period last year.

Effective cost control has helped reduce the bank’s cost-to-income ratio (CIR), from 47.6% in 2022 to 44.0% in 2024, with a continuing downward trend.