Vietcombank maintains its leading position, making a breakthrough with a green mark.

At the end of 2024, facing numerous challenges from the macroeconomic environment and the entire banking sector, Vietnam Foreign Trade Joint Stock Commercial Bank ( Vietcombank ) continued its high growth in scale, shifting its business structure in the right direction, maintaining controlled quality, and increasing efficiency; actively contributing to economic recovery, development, and social welfare. Vietcombank, the number one bank in terms of profit scale, continues to be the leading commercial bank in Vietnam in terms of financial capacity, operational quality and efficiency, market capitalization, and contribution to the state budget. By December 31, 2024, Vietcombank's total assets exceeded 2 trillion VND for the first time, an increase of 13% compared to the end of 2023. The growth in total assets was concentrated in lending activities to the economy and effective capital regulation in the interbank market. Capital raised from the primary market reached VND 1.53 trillion, an increase of over 8% compared to 2023, achieving 100% of the plan.

Ms. Nguyen Thi Hong, Member of the Central Committee of the Communist Party of Vietnam and Governor of the State Bank of Vietnam (fourth from the left), presents the State Bank's Emulation Flag and the Governor's Certificate of Merit to four units of Vietcombank.

Total outstanding credit reached over VND 1.44 trillion, an increase of nearly 14%. Wholesale and retail credit both grew well, by more than 15% and 12% respectively compared to 2023. Credit growth always goes hand in hand with credit quality control to ensure implementation in accordance with the motto of safe, sustainable and effective growth. The non-performing loan ratio is at 0.97%, better than the general average and within the control ceiling of the State Bank of Vietnam (SBV) and the General Shareholders' Meeting; off-balance sheet debt collection increased by 79% compared to 2023. Thanks to implementing fundamental solutions to increase income and reduce costs, Vietcombank continues to be the number one bank in terms of profit scale with a diversified revenue structure. Pre-tax profit reached the highest in the banking industry and completed the plan assigned by the State Bank of Vietnam. Profitability indicators NIM, ROA, ROE reached high levels, at 3.04%; 1.7%; 18.5%. International payment and trade finance sales increased by 20% compared to 2023, achieving 108% of the plan; market share reached 19.82%, the highest in the entire industry. Payment and card usage sales grew strongly by 58% compared to 2023, achieving 140% of the plan. New customer development achieved remarkable results, with the number of new customers growing by double digits compared to 2023. New VCB Digibiz customers increased by 50%; new Priority customers increased by 48%....

Representing Vietcombank, Mr. Le Quang Vinh, Member of the Standing Committee of the Party Committee and Deputy General Director in charge of the Executive Board, received the Certificate of Commendation from the General Department of Taxation.

On October 17, 2024, Vietcombank officially took over the mandatory transfer of Vietnam Construction Commercial Bank (CB) Limited Liability Company, as approved by the Government, affirming its role in implementing the Government and State Bank of Vietnam's policy on restructuring credit institutions. As a leading bank in terms of scale, market share, and market regulation capabilities, on November 30, 2024, Vietcombank received approval from the National Assembly to increase its charter capital from retained earnings, raising it to VND 83,600 billion, the highest in the credit institution system, affirming its role as a "leading institution" in the banking and finance sector in line with the Party and Government's direction. The mark of a Green-Digital Bank: In a year of significant economic fluctuations and weak credit demand, Vietcombank has made great strides in green growth and digital transformation. In line with the Government and State Bank of Vietnam's orientation on sustainable development, Vietcombank has implemented solutions under the Green Banking Project as a key component of Vietcombank's development strategy until 2025, with a vision to 2030.

The Vietcombank leadership presented tokens of appreciation and flowers to representatives of three exceptionally outstanding units in 2024: the Head Office Branch (fourth from the left), the Thanh Cong Branch (third from the left), and the Nam Saigon Branch (second from the left).

In 2024, Vietcombank successfully issued VND 2 trillion in green bonds to finance projects in the field of environmental protection and environmental benefits. This event marked the first time a commercial bank in Vietnam issued green bonds meeting international standards, receiving a high rating of Medium Green (ranked 2nd out of 6 according to S&P Global's Shade of Green rating framework). The bank also served as the lead arranger for a series of key national projects such as the Block B gas project chain between PVN and EVN, and Component 3 - Essential works in the airport under the "Long Thanh International Airport Construction Investment Project - Phase 1". The Ho Chi Minh City-Long Thanh section expansion project, part of the Ho Chi Minh City-Long Thanh-Dau Giay Expressway Project, is underway . Total outstanding credit for priority sectors increased by 10% compared to the end of 2023, accounting for 40% of the total credit volume. Of this, green credit reached nearly VND 48,000 billion, a 3.6% increase compared to the end of 2023. To realize its digital transformation strategy, the bank actively participated in the implementation of Project 06, the Ministry of Public Security 's electronic authentication policy. Vietcombank is the only bank providing full biometric authentication methods (via chip-embedded citizen identification cards and the VneID application) from the very first day of implementation (July 1, 2024). To date, more than 10 million Vietcombank customers have undergone biometric authentication, meeting the requirements of the State Bank of Vietnam regarding electronic banking transactions. Over the past year, the bank launched the new generation VCB Digibank for individual customers, recording over 11 million successful customer conversions. This includes the "An Vui" Digibank version for the elderly, with nearly 78,000 elderly customers downloading the application and receiving much positive feedback. In November 2024, Vietcombank successfully went live with its new server and storage system serving Core Banking for the 2024-2028 period. This is a particularly important project; increasing the performance and responsiveness of the Core Banking system; ensuring safe, stable, and continuous 24/7 service operation, thereby meeting the digital transformation goals as well as the development of new products and services of Vietcombank in the 2024-2028 period. Thanks to the synchronized implementation of optimal cost management solutions, Vietcombank has sustainable resources to implement many programs and policies to reduce lending interest rates to support people and businesses in accordance with the Government's and the State Bank of Vietnam's guidelines and directives; helping businesses, units, and organizations access capital at reasonable costs. In 2024, Vietcombank implemented 26 preferential lending interest rate programs with reductions ranging from 2% to 5% per year depending on the term. By the end of 2024, it is estimated that more than 110,000 customers received interest rate reductions with outstanding loans of approximately VND 900,000 billion, accounting for 63% of total outstanding loans, with a total interest reduction estimated at over VND 6,000 billion. By the end of 2024, Vietcombank had committed VND 861 billion and implemented VND 571 billion for social welfare programs in many localities. Vietcombank also leads the banking industry and is one of the largest contributors to the state budget, paying over 12,000 billion VND in taxes. High credibility from prestigious international organizations: With outstanding achievements in 2024, Vietcombank has received positive recognition from international and domestic credit rating agencies. The bank received 4 out of 4 awards from the prestigious HRAA awards; was recognized for the 9th consecutive time by Anphabe as the bank with the best working environment in Vietnam; had the highest brand value in Vietnam for two consecutive years according to Brand Finance; and was named the strongest bank in Vietnam for the 7th consecutive time by The Asian Banker. For 12 consecutive years, Vietcombank has been ranked among the top 50 listed companies in Vietnam according to Forbes;... Notably, Vietcombank has consistently been a leading group of banks in ESG practices in Vietnam and is among the Top 20 listed companies with the best Sustainable Development Index (VNSI) in 2024. In 2025, closely following the directives of the Government and the State Bank of Vietnam on the implementation of tasks for the banking sector in 2025, adhering to the motto: "Innovation, Efficiency, Sustainability," and the guiding principles of "Responsibility-Discipline-Connectivity-Credit," Vietcombank strives to achieve the highest possible results for the goals and targets set out in the Vietcombank Development Strategy to 2025 and the Restructuring Plan associated with handling bad debts of Vietcombank in the period 2021-2025. Besides strongly shifting its operational structure towards quality and sustainability, Vietcombank will build and develop an ecosystem, promote connectivity; strengthen fundamental capabilities in data and technology, digital transformation, optimize operations and governance according to best practices;… creating a solid foundation for realizing the 2030 goals that have been set. Building on the more than 60-year history of a heroic unit, with the solid foundations already established, Vietcombank is continuing its strong transformation, in harmony with the nation's rising era. Source: https://nhandan.vn/vietcombank-vung-the-dan-dau-but-pha-voi-dau-an-xanh-post855487.html