Bright spot in banking profit picture

“Big 4” achieve high profits

Vietcombank 's pre-tax profit reached nearly VND21,894 billion in the first half of 2025, up 5% year-on-year, thanks to a sharp reduction in credit risk provisions by 48%. Vietcombank's pre-tax profit target in 2025 is VND42,734 billion for the parent bank and VND43,714 billion for the entire system (consolidated), up 3.5% compared to 2024.

VietinBank 's consolidated financial report for the second quarter of 2025 shows that pre-tax profit reached more than VND 12,097 billion, up 79% over the same period in 2024, also thanks to a sharp reduction in risk provisions of up to 62%. In the first half of 2025, VietinBank's pre-tax profit reached VND 18,920 billion, up 46% over the same period.

In the first six months of the year, BIDV 's pre-tax profit reached VND16,037 billion, a slight increase of 3% over the same period last year. Previously, BIDV said that the bank set a target of 6-10% growth in pre-tax profit in 2025. In 2024, the bank's pre-tax profit will reach VND30,609 billion. Thus, for the whole year of 2025, BIDV's pre-tax profit is expected to reach VND32,400 - 33,700 billion.

As for Agribank, pre-tax profit for the first half of the year reached more than VND13,232 billion, approximately the same period in 2024, due to a 61% increase in credit risk provisioning costs. At the end of May 2025, Agribank adjusted its 2025 business plan, raising the pre-tax profit target to more than VND28,600 billion, about VND286 - 562 billion higher than the estimate in the previous annual report.

Many private sector banks grow well

In the private banking sector, MB recorded a profit of VND15,889 billion in the first 6 months of the year, up 18.3% over the same period. MB's profit growth comes from many business segments. In 2025, MB plans to increase pre-tax profit by nearly 10% compared to 2024, equivalent to VND31,712 billion.

For Techcombank, pre-tax profit in the first 6 months of the year was VND 15,100 billion, of which the second quarter reached VND 7,900 billion, 9.2% higher than the first quarter of 2025. Techcombank's pre-tax profit target in 2025 is VND 31,500 billion, an increase of 14.4% compared to 2024.

ACB's pre-tax profit target for 2025 is VND 23,000 billion, up 9.5% compared to 2024. In the second quarter of 2025, ACB recorded pre-tax profit of VND 6,100 billion, up 33% compared to the first quarter of 2025, mainly due to a 68% increase in non-interest income; provision expenses decreased by 26%. In the first 6 months of the year, ACB's pre-tax profit reached VND 10,700 billion, up 2% compared to the same period in 2024.

VPBank improved when it rose to 7th place in the banking system, with consolidated pre-tax profit in the first half of the year of VND 11,229 billion, up 30% over the same period, reaching 44% of the 2025 profit plan.

In the first six months of 2025, HDBank recorded a profit exceeding VND10,068 billion, up 23% over the same period. In 2025, HDBank is expected to achieve pre-tax profit of VND21,179 billion, up 27%. Sacombank achieved pre-tax profit of VND7,331 billion, up 37% over the same period. Compared to the target of VND14,650 billion in pre-tax profit set for the whole year, Sacombank has achieved 50% of the target after the first two quarters of the year.

In the second quarter of 2025, ABBank's pre-tax profit was nearly VND 1,257 billion (3.2 times higher than the same period last year), bringing the total pre-tax profit for the first half of the year to VND 1,672 billion, achieving 92% of the year's target after 6 months. Return on equity (ROE) reached 18.3%; capital adequacy ratio (CAR) was over 8%, high liquidity with loan-to-deposit ratio (LDR) reaching 62.82%.

Mr. Pham Duy Hieu, General Director of ABBank, said that ABBank's high growth rate in the second quarter of 2025 came from the Bank's effective promotion of internal factors and effective restructuring of the apparatus. In the second half of the year, ABBank aims to continue strong growth in credit, mobilization and services, with pre-tax profit expected to exceed the plan of VND 1,800 billion. In addition, ABBank focuses on credit management and strictly controls bad debts.

MBS experts expect that most banks will achieve their credit growth targets in 2025, despite pressure from declining net interest margins (NIM). Credit acceleration in the first half of 2025 will be led by corporate credit, thanks to low lending interest rates, while retail credit growth will slow due to weak credit demand.

According to MBS's calculations, credit growth in 2025 will reach about 17 - 18% and will have a positive impact on banks' profits. Meanwhile, SSI forecasts that banks' NIM in 2025 will stabilize at 3.48%, with the state-owned sector reaching 2.77% (up 0.05 percentage points) and the joint-stock sector reaching 4.24% (down 0.07 percentage points). The banking industry's pre-tax profit will increase by 17.4%.

PSG-TS Nguyen Huu Huan (Ho Chi Minh City University of Economics) said that although NIM will not increase sharply in 2025, credit growth will accelerate when the first half of the year increased by nearly 10% and is expected to improve more clearly in the peak business season in the second half of the year, thereby promoting better growth in non-interest income compared to 2024.

Source: https://baodautu.vn/diem-sang-trong-buc-tranh-loi-nhuan-ngan-hang-d355275.html