Affirming an increasingly strong position in the region
For the second consecutive year, Vietnam Prosperity Commercial Bank ( VPBank , HoSE: VPB ) is one of Vietnam's prominent representatives, ranking 87th in the Fortune Southeast Asia 500 2025 – a list of the 500 largest companies in Southeast Asia based on revenue. Compared to the 2024 ranking, VPBank rose 4 places, demonstrating clear progress in scale, operational efficiency, and the bank's growing influence in the region.
With these results, VPBank continues to affirm its strong position in the region, standing alongside many big names in the Southeast Asian financial industry such as DBS, UOB, OCBC (Singapore), Kasikornbank and Bangkok Bank (Thailand), Maybank (Malaysia)… and many other domestic banks such as Vietcombank, VietinBank, BIDV, Agribank …
For the second consecutive year, VPBank has been included in the Fortune Southeast Asia 500 ranking.
According to Fortune's formula, VPBank's revenue in 2024 reached $4.17 billion, a 3% increase compared to 2023. Net profit after tax recorded a remarkable breakthrough, reaching nearly $630 million, a 50.4% increase, thanks to contributions from the parent bank, its subsidiaries, and the return of FE CREDIT after a comprehensive restructuring. Simultaneously, by the end of 2024, VPBank's total assets reached nearly $36.3 billion.
A representative from VPBank stated: “For the second consecutive year, VPBank's inclusion in the Fortune Southeast Asia 500 list is a testament to our strong financial capabilities and effective growth strategy amidst the uncertainties of the global economy . VPBank will continue to improve its governance structure, perfect its ecosystem, and invest heavily in technology… to achieve strong growth and become one of the largest banks in the market.”
A solid foundation for exceptional growth.
Having gone through more than 30 years of development and growth, VPBank has continuously expanded, becoming one of the financial institutions that always goes hand in hand with the development of the economy. Through a multi-billion dollar capital sale transaction, VPBank has become the bank with the largest chartered capital in Vietnam.
With a strong capital base, VPBank has developed a nationwide network, building a diverse and expanding ecosystem to fully serve the needs of over 30 million customers. In early 2025, VPBank welcomed GPBank as a new member, alongside existing segments such as consumer credit (FE CREDIT), securities (VPBankS), non-life insurance (OPES), and partnerships in various fields. At its 2025 Annual General Meeting, the bank also approved plans to add two new members to its ecosystem: a life insurance company and a fund management company.
Overcoming the uncertainties of the global economy, VPBank recorded consolidated pre-tax profit of VND 5,015 billion in the first quarter of 2025, a 20% increase compared to the same period last year. The bank's total assets reached over VND 994,000 billion, nearing the VND 1 trillion mark, further affirming its leading position among private joint-stock commercial banks.
In 2025, VPBank aims for a profit of nearly VND 25,300 billion, with credit and deposit growth of 25% and 34% respectively. Along with that, the target for consolidated total assets by the end of 2025 is VND 1.13 trillion, equivalent to a 23% increase. During the period 2026-2029, the bank aims for breakthrough growth of up to 35% per year.
In addition to impressive financial results, VPBank is also realizing its sustainability commitments through a well-structured strategy and concrete actions. Recently, the bank published an independent Sustainability Report, referenced according to the latest international standards. Simultaneously, in May 2025, VPBank also set a record by successfully completing an international fundraising deal worth US$1 billion from leading financial institutions.
Beyond accompanying customers on their financial journey, VPBank also contributes to enhancing the living experience of the community through a series of cultural, sports, and entertainment events. Most recently, the bank made a special mark by bringing Asian music legend G-Dragon to perform at the "VPBank K-Star Spark in Vietnam 2025" music festival.
VPBank is bringing G-Dragon to perform at the "VPBank K-Star Spark in Vietnam 2025" music festival.
First published in 2024, the Fortune Southeast Asia 500 ranking has quickly become one of the most reputable measures of the size and strength of leading businesses in Southeast Asia.
Fortune magazine notes that, amidst the wave of manufacturing capacity shifting out of China due to trade tensions and tariff policies, Southeast Asia has emerged as a new growth pole of the global economy, affirming its essential role in the global supply chain.
This year's Fortune Southeast Asia 500 list brings together representatives from 18 sectors and 7 countries (Indonesia, Thailand, Malaysia, Singapore, Vietnam, Philippines, and Cambodia). Notably, Vietnam has 76 representatives, a significant improvement compared to the 70 companies in 2024. To be included on this year's list, Southeast Asian companies needed to achieve a minimum revenue of $349 million.
In total, these 500 companies recorded revenues of $1.817 trillion, after-tax profits of nearly $137 billion, and assets totaling $6.871 trillion, reflecting the growing scale and influence of Southeast Asia in the global economic landscape.
Source: https://www.vpbank.com.vn/tin-tuc/thong-cao-bao-chi/2025/vpbank-tang-4-bac-trong-bang-xep-hang-fortune-southeast-asia-500
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