Affirming an increasingly strong position in the region
For the second consecutive year, Vietnam Prosperity Joint Stock Commercial Bank ( VPBank , HoSE: VPB ) is one of the prominent representatives of Vietnam, ranked 87th in the Fortune Southeast Asia 500 2025 rankings - a list of the 500 largest enterprises in Southeast Asia by revenue criteria. Compared to the 2024 rankings, VPBank increased by 4 places, demonstrating a clear step forward in scale, operational efficiency and the bank's growing influence in the region.
With the above results, VPBank continues to affirm its solid position in the region, standing shoulder to shoulder with many big names in the financial industry in Southeast Asia 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 rankings.
According to Fortune's formula, VPBank's revenue in 2024 will reach 4.17 billion USD, up 3% compared to 2023 results. Profit after tax will record a breakthrough, at nearly 630 million USD, up 50.4% thanks to the contribution of the parent bank, subsidiaries in the ecosystem and the return of FE CREDIT after a comprehensive restructuring period. At the same time, by the end of 2024, VPBank's total assets will reach nearly 36.3 billion USD.
VPBank representative commented: “VPBank’s presence in the Fortune Southeast Asia 500 list for the second consecutive year is a testament to its solid financial capacity and effective growth strategy in the context of an uncertain global economy . VPBank will continue to improve its governance structure, perfect its ecosystem, invest heavily in technology, etc. to achieve its goal of strong growth and become one of the largest banks in the market.”
Solid foundation for remarkable growth
After more than 30 years of establishment and development, VPBank has continuously grown, becoming one of the financial institutions that always goes hand in hand with the development of the economy. Through the capital sale deal worth billions of USD, VPBank has become the bank with the leading charter capital in Vietnam.
With a strong capital base, VPBank has developed a nationwide network of operations, building a differentiated and expanded ecosystem, fully serving the needs of more than 30 million customers. In early 2025, VPBank welcomed a new member, GPBank, in addition to pieces such as consumer credit (FE CREDIT), securities (VPBankS) or non-life insurance (OPES) and associated partners in many fields. At the 2025 Annual General Meeting of Shareholders, the bank also approved a plan to add two new members to the ecosystem, a life insurance company and a fund management company.
Overcoming the uncertainties of the global economy, at the end of the first quarter of 2025, VPBank recorded a consolidated pre-tax profit of VND 5,015 billion, up 20% over the same period. The bank's total assets reached more than VND 994,000 billion, approaching the VND 1 million billion milestone, continuing to affirm its leading position in the group of private joint stock commercial banks.
In 2025, VPBank targets a profit of nearly VND25,300 billion, with credit and deposit growth of 25% and 34%, respectively. Along with that, the target of total consolidated assets by the end of 2025 is VND1,130 trillion, equivalent to an increase of 23%. In the period of 2026 - 2029, the bank aims for breakthrough growth of up to 35% per year.
In addition to impressive financial results, VPBank also realizes its sustainability commitments through a well-planned strategy and concrete actions. Recently, the bank published an independent Sustainability Report, referenced according to the latest international standards. At the same time, in May 2025, VPBank also set a record when it successfully completed an international capital mobilization deal worth 1 billion USD from leading financial institutions.
Not only accompanying customers on their financial journey, VPBank also contributes to enhancing the living experience for the community through a series of cultural, sports and entertainment events. Most recently, the bank made a special mark when bringing Asian music legend G-Dragon to perform at the music festival "VPBank K-Star Spark in Vietnam 2025".
VPBank brings G-Dragon to perform at the music festival "VPBank K-Star Spark in Vietnam 2025"
First published in 2024, the Fortune Southeast Asia 500 ranking has quickly become one of the most prestigious measures of the size and strength of leading businesses in Southeast Asia.
Fortune magazine commented that, in the context of the wave of shifting production capacity out of China due to trade tensions and tariff policies, Southeast Asia has emerged as a new growth pole of the world 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, the Philippines and Cambodia). Notably, Vietnam has 76 representatives, a significant improvement compared to the 70 companies in 2024. To be included in this year's list, companies in Southeast Asia need to have a minimum revenue of 349 million USD.
In total, these 500 enterprises recorded revenue of 1,817 billion USD, after-tax profit of nearly 137 billion USD and assets of up to 6,871 billion USD, reflecting the growing scale and influence of Southeast Asia in the global economic picture.
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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