Vietnam Prosperity Joint Stock Commercial Bank - VPBank (VPB) has just announced impressive business results for the second quarter of 2025 with consolidated profit reaching more than VND 4,937 billion, an increase of 35.6% over the same period last year.

According to VPBank's explanation, the sharp increase in second-quarter profit was due to a decrease in credit risk provisioning costs in the consolidated report of nearly VND2,398 billion (equivalent to a decrease of more than 28.8%) thanks to strengthening measures to manage customer loan portfolios.

Good profits also came from net interest income increasing by nearly VND 729 billion (equivalent to an increase of nearly 5.7%).

In addition, net income from trading securities increased by nearly VND 286.3 billion over the same period, equivalent to an increase of more than 710% due to VPBank's consolidation and optimization of investment activities from positive signals from the stock market as well as increasing investment products to attract customers and promoting securities trading activities.

However, in the second quarter, VPBank's revenue decreased by more than VND373 billion from investment securities trading activities.

Thus, trading securities - mainly surfing to take advantage of price fluctuations to earn short-term profits - has brought significant efficiency to VPBank this quarter.

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Income of VPBank's Board of Directors and Management. Source: Financial Statements

Meanwhile, investment securities trading activities have decreased sharply. Securities held for a long time to enjoy stable profits, with the expectation of business growth, regular dividends, and increased value over time... have not achieved the desired results.

In the first 6 months of 2025, VPBank recorded net profit from trading securities of nearly VND 511 billion, compared to only nearly VND 7.8 billion in the same period in 2024.

In the first two quarters of 2025, VPBank recorded a loss of more than VND96 million from trading investment securities, compared to a profit of nearly VND449 billion in the same period last year.

In the second quarter, VPBank recorded after-tax profit of VND4,937 billion, accumulated for 6 months was VND8,872 billion.

VPBank's subsidiary reported a record profit of nearly VND900 billion in the first 6 months of the year, up 80%.

By the end of June, VPBank recorded an asset size exceeding 1.1 million billion VND, becoming the private bank with the largest total assets and the 7th bank in Vietnam to reach this milestone after BIDV, Vietcombank, Vietinbank, Agribank , MB and Techcombank. Outstanding credit reached over 829 trillion VND, up nearly 19% since the beginning of the year. Customer deposits reached over 600 trillion VND, up nearly 24% compared to the beginning of the year.

In the first 6 months of the year, General Director Nguyen Duc Vinh earned nearly 5.79 billion VND, up 5.5% over the same period. Chairman Ngo Chi Dung received a salary of 1.68 billion VND. Two vice chairmen, Mr. Bui Hai Quan and Mr. Lo Bang Giang, received 1.56 billion VND.

VPB shares have recently increased sharply, from 16,000 VND 3 months ago to 22,500 VND/share on July 22. This is also the record high price of this stock.

VPBank Chairman Ngo Chi Dung reveals the future of the bank receiving the transfer Before the mandatory transfer, GPBank lost an average of VND1,000 billion per year; this year it is expected to achieve a minimum profit of VND500 billion, said Mr. Ngo Chi Dung - Chairman of VPBank's Board of Directors.

Source: https://vietnamnet.vn/mot-ngan-hang-lai-dam-tu-mua-ban-chung-khoan-sep-lon-thu-nhap-gan-5-79-ty-dong-2424786.html