Banks and securities promote restructuring to break through

Banks and businesses set out long-term strategies and visions with the expectation of growth recovery.

Recently, a number of banks and securities companies have held their 2025 general meetings of shareholders, where they have set out long-term strategies and visions with the expectation of recovering growth.

PGBank maintains growth momentum, continues to strengthen its operating foundation

At the PGBank General Meeting of Shareholders, the bank's leaders said: At the end of the first quarter of 2025, the Prosperity and Development Joint Stock Commercial Bank (PGBank) announced positive business results, showing a strong recovery after a year of efforts to restructure and expand operations.

Net interest income reached VND458.3 billion - up 21.4% over the same period last year, the highest in many years, thanks to the bank's strong customer growth and revenue diversification. In particular, revenue from credit activities accounted for 90.6% of total revenue.

Not only that, non-interest income also changed positively thanks to growth in service activities, securities investment, foreign exchange and other business segments. Total operating income reached VND505.7 billion, up 34.4%; net profit from business before risk provisioning expenses reached VND242.5 billion - a sharp increase of 53.4%.

As of March 31, 2025, PGBank's total assets reached VND74,890 billion, up 25% over the same period. Meanwhile, outstanding credit reached VND45,347 billion, up 29%. The bad debt ratio was controlled at 2.09%, continuing to remain within the safe threshold.

In addition, pre-tax profit in the first quarter reached VND95.9 billion - completing 13.4% of the annual plan. These positive figures are the result of PGBank's focus on digital transformation, internal development and optimization of operational efficiency.

2025 Annual General Meeting of Shareholders of Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank)

VietinBank breaks through from digital transformation to comprehensive growth

Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) also held its 2025 Annual General Meeting of Shareholders, approving many important contents related to the 2025 development strategy and senior personnel.

According to the report presented at the Congress, in 2024, VietinBank recorded a separate pre-tax profit of VND 30,400 billion, an increase of 25% compared to the previous year, exceeding the assigned plan by 15%. Total assets reached VND 2.39 million billion - an increase of 17.4%; outstanding credit balance of VND 1.73 million billion - an increase of 16.8%.

In particular, the bad debt ratio was kept at 1.1% with the bad debt coverage ratio reaching 171.7%, among the highest in the system. VietinBank continued to maintain strong CASA growth, reaching nearly VND400,000 billion.

VietinBank leaders said: 2024 marks a major step forward in digital transformation, with 45 important initiatives implemented, including the launch of DigiGOLD, online disbursement and electronic guarantees for businesses. The emergence of the Digital Factory and Agile working methods help the bank shorten product cycles while improving staff productivity.

VietinBank representative emphasized: In 2025, VietinBank will enter the "acceleration" phase, according to the 2021 - 2025 development strategy. With a vision to 2030, the bank aims to become a leading modern, versatile and effective financial institution in the region. The strategic pillars include core income growth, customer engagement, effective resource management and enhanced risk management.

In addition, VietinBank is committed to continuing the "dual transformation" in parallel with digital transformation and green transformation, actively contributing to the sustainable development of the national economy.

An Binh Commercial Joint Stock Bank (ABBank) held its annual general meeting of shareholders with the focus on comprehensive restructuring of the organization. Vice Chairman of the Board of Directors Vu Van Tien commented that the current operating model is conservative, cumbersome and ineffective. Therefore, the bank has cut 30-40% of its staff in some units. At the same time, intermediate levels have been streamlined to optimize operations.

In addition, ABBank also improved its recruitment methods, linked tasks with specific responsibilities, enhanced technology and digital transformation to reduce costs and improve business efficiency. Despite difficulties in paying dividends, the board of directors still prioritized safety and committed to improving efficiency this year.

Chairman of the Board of Directors Dao Manh Khang said that although pre-tax profit in 2024 increased by 58%, reaching VND809 billion, it still did not meet the plan. Therefore, in 2025, ABBank aims to increase profit to VND1,800 billion - an increase of 131%, while increasing total assets to VND200,000 billion, strongly promoting digital transformation and controlling bad debt.

General Director Pham Duy Hieu said the bank had recovered more than VND5,000 billion of bad debt in 2024, aiming to improve credit quality. Issuing shares to foreign strategic investors is also being considered if the stock market price improves.

2025 Annual General Meeting of Shareholders of SSI Securities Corporation

SSI firmly holds the leading position, aiming to become a multi-functional financial group

At the annual general meeting of shareholders of SSI Securities Corporation, the company's leaders emphasized a strong transformation strategy in the 2025-2030 period, aiming to become the number 1 multi-functional financial institution in Vietnam.

SSI leaders said that in 2024, despite the fluctuations in the stock market, the company still achieved revenue of VND 8,711 billion (up 19.6%), pre-tax profit of VND 3,544 billion (up 24%), maintaining the leading position in the industry. The main business segments all grew steadily, especially securities services, investment and fund management.

In 2025, the company targets revenue of VND 9,695 billion and pre-tax profit of VND 4,252 billion, up 11% and 20% year-on-year. The scenario is based on the VN-Index fluctuating between 1,450 and 1,500 points and average liquidity of VND 19,500 billion per session.

In addition to expanding retail and institutional market share, SSI also promotes digitalization, exploiting customers through digital channels and improving user experience. In addition, SSI Digital will invest in about 10 domestic Blockchain and AI projects, with a minimum of 10 million USD, expanding the market and international cooperation.

Not only the parent company SSI, subsidiaries such as SSIAM and SSI Digital all aim for strong growth in both assets and new products, contributing to SSI's overall vision of becoming a "modern and sustainable financial ecosystem".

Regarding business prospects in the context of 2025 tariffs, Mr. Nguyen Duy Hung said that the 2025 business plan was built from November to December last year. "Of course, there are concerns about tariffs, but in the context of the Government encouraging businesses, creating a legal corridor along with the determination for high growth, the company is still confident with the plan," said the SSI representative.

Regarding expectations in the digital asset market, Mr. Nguyen Duy Hung, Chairman of the Board of Directors of SSI, said that they are in the initial stages of researching and positioning the market. The company will only officially participate when permitted and must bring efficiency to the company and shareholders.

SSI leaders believe that the trend of digital assets is irresistible. But it requires a long research and survey process. Currently, SSI has an incubator for technology businesses, preparing before the law is passed.

"The goal is to ensure that the company has a leading prestigious position in the financial sector. The company is not late or slower than other institutions," Mr. Nguyen Duy Hung affirmed.

Mr. Minh

Source: https://baochinhphu.vn/ngan-hang-va-chung-khoan-day-manh-tai-cau-truc-de-but-pha-102250419151425101.htm