Another bank reaches 1 quadrillion VND in assets

Techcombank is the first private bank in Vietnam to announce total assets exceeding 1 quadrillion VND. Photo: VTC News

Accordingly, by the end of June 2025, Techcombank's total assets will reach VND 1,037 trillion, an increase of 6% compared to the end of 2024. Compared to 10 years ago, Techcombank's asset size has increased 6 times.

This milestone makes Techcombank the sixth bank in the Vietnamese banking system with total assets exceeding 1 quadrillion VND, after the Vietnam Joint Stock Commercial Bank for Investment and Development (BIDV), Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank), Vietnam Joint Stock Commercial Bank for Foreign Trade (Vietcombank), Vietnam Bank for Agriculture and Rural Development ( Agribank ) and Military Commercial Joint Stock Bank (MB).

In addition to the growth in scale, Techcombank's business situation in the second quarter of 2025 also recorded some positive points. Specifically, pre-tax profit in the second quarter reached VND 7,899 billion, a slight increase of 0.9% compared to the same period in 2024. In the first 6 months of the year, the bank recorded pre-tax profit of VND 15,135 billion, completing about 48% of the yearly plan, although this figure decreased slightly by 3.1% compared to the same period last year.

Techcombank's net interest income in the second quarter reached VND9,137 billion, down 3.7% year-on-year. However, thanks to cutting operating costs and controlling bad debts, the bank still maintained its pre-tax profit growth momentum.

In terms of asset size, the state-owned banking group still holds an absolute dominance. By the end of the first quarter of 2025, all four major banks, BIDV , Agribank, Vietcombank and VietinBank, had surpassed the 2 quadrillion VND mark in total assets.

In particular, BIDV is approaching the historic milestone of VND3 quadrillion - an unprecedented asset level in the Vietnamese banking system. According to published data, by the end of the first quarter of this year, BIDV's total assets had reached VND2.85 quadrillion.

Before Techcombank, MB had joined the group of assets over 1 quadrillion VND since the end of the third quarter of 2024, with total consolidated assets reaching 1,028 quadrillion VND. By the end of the first quarter of 2025, MB's total assets continued to increase to 1,16 quadrillion VND, consolidating its position in the leading group.

In addition, a number of other joint stock banks are also approaching the 1 quadrillion VND asset mark. Of which, Vietnam Prosperity Joint Stock Commercial Bank (VPBank) is expected to be the next bank to reach this milestone. Because at the Annual General Meeting of Shareholders in April 2025, VPBank's leaders affirmed the target of total assets exceeding 1 quadrillion VND this year. The financial report for the first quarter of 2025 shows that VPBank's total assets have reached 994 trillion VND, approaching the 1 quadrillion VND mark. Right behind is Asia Commercial Joint Stock Bank ( ACB ) with total assets as of the end of the first quarter of 2025 reaching 891 trillion VND.

Thus, it is expected that in 2025, the Vietnamese banking system will continue to witness more banks joining the "trillion club", thereby enhancing competitiveness and the ability to serve the economy during the period of strong recovery and growth.