The audit has raised concerns about the company's ability to continue operating, as its short-term debt doubles its short-term assets. Furthermore, the company's involvement in the Phuoc Kien project has resulted in additional debt of VND 2,782.8 billion.
"According to investment guru, Mr. Do Thanh Son, the investment narrative for the latter part of the year revolves around the fundamentals of individual businesses. With pricing no longer being the sole competitive advantage, the focus shifts to growth potential and intrinsic value."
VietinBank has unveiled its business targets for 2025, aiming high with a pre-tax profit goal of VND 32,500 billion for the parent bank, while keeping a tight rein on non-performing loans, targeting below 1.8%.