As of August 1st, almost all industry leaders have released their Q2 2025 financial reports, providing a comprehensive overview of their performance during the second quarter and the first half of the year.
Banks continue to be a driving force for growth, with many maintaining high profits. The rubber, electricity, and building materials industries experienced positive growth, while the coal industry declined. The real estate and securities sectors exhibited strong polarization, with some companies showing robust recovery while others remained unprofitable or experienced negative growth.
The banking industry remains a cornerstone of the economy, delivering high profits and stable growth. Seven out of the top ten enterprises with the highest pre-tax profits in Q2 2025 were from the banking sector.
This quarter, VietinBank surpassed Vietcombank to lead the group with a pre-tax profit of VND 12,097 billion, a 79% increase compared to the same period last year.
Several banks achieved significant growth, including ABBank (222%), NCB (535%), and KienlongBank (67%).
The real estate sector witnessed strong polarization this quarter. Numerous companies achieved substantial growth, including First Real (1,100%), An Gia (4,009%), Becamex IDC (358%), Viglacera (216%), and VEF (217%).
Novaland incurred the highest loss among real estate companies in Q2 2025, with a pre-tax loss of VND 138 billion, despite an improvement compared to the previous year.
The securities industry saw several companies achieving high profits, with TCBS, VIX, and SSI surpassing VND 1,000 billion. Many securities companies experienced exponential growth, including LPBS, VIX, and CTS.
In the steel industry, Hoa Phat, the steel king, recorded a pre-tax profit of VND 4,972 billion, a 33% increase compared to the same period. With a low base from the previous year, Tisco’s pre-tax profit for Q2 surged by 5,899%. Three steel companies reported losses: SMC, Dai Thien Loc, and Cao Bang Steel.
The automobile industry performed well this quarter, especially HHS, which saw a remarkable 3,075% increase. However, all tire companies reported decreased pre-tax profits for Q2.
Only two building materials companies reported decreased pre-tax profits in Q2: HCD and Vicostone. Meanwhile, Taicera reported a loss. Binh Minh Plastic and Tien Phong Plastic both announced record profits.
The electricity industry experienced high growth in Q2, with many companies doubling their profits.
Most coal enterprises reported decreased profits.
The rubber group’s pre-tax profits increased satisfactorily last quarter.
Banking: Huge Profits Yet Worried
Several banks have announced their 2023 financial results, showing outstanding growth. However, they are also facing increased pressure in setting aside provisions for credit risk.
