In the first half of 2025, Vietnam's economy recorded many positive highlights: GDP increased by 7.52%, credit growth reached nearly 10%, supporting the banking industry's profits to break through, up about 15% over the same period.
In line with the general trend, Vietnam Prosperity Joint Stock Commercial Bank ( VPBank , HoSE: VPB) has recorded synchronous growth in both quantity and quality, with clear progress at the parent bank as well as members in the ecosystem such as GPBank, FE CREDIT, VPBankS...
Confidently complete the 2025 year plan
At the Individual Investor Meeting event on August 4, 2025, VPBank leaders shared the impressive growth picture of the entire ecosystem, with a consolidated profit of more than VND 11,200 billion in the first 6 months, up 30% and achieving 44% of the annual plan. The bank's total consolidated credit balance in the first half of the year increased by 18.6%, reaching more than VND 842,000 billion, with positive contributions from both the parent bank and its subsidiaries.
VPBankS has made strong progress thanks to the recovery of the stock market, with outstanding margin loans reaching nearly VND 18,000 billion, ranking in the Top 4 margin markets; 6-month profit growth of 80%.
FE CREDIT also recorded a clear improvement when total disbursement increased by 19% compared to the same period last year, core credit growth was at 5.5%. This achievement came from FE CREDIT's proactive adaptation to market changes, product innovation, old loan processing and distribution channel expansion through strategic partners such as Mobile World and other retail chains.
VPBank's deposit and valuable paper mobilization is among the fastest growing groups in the banking industry in the first half of 2025. |
Along with strong credit, VPBank continued to record a mobilization rate 4 times higher than the industry average while still controlling capital costs well. The bank has diversified its foreign capital sources and promoted new initiatives to attract non-term deposits (CASA).
Mr. Phung Duy Khuong, Permanent Deputy General Director in charge of the Southern region and Director of the Personal Customer Division, in charge of the Debt Collection and Settlement Division, informed that VPBank's CASA balance by the end of June reached nearly VND100,000 billion, an increase of nearly 40%, bringing the CASA ratio to 15.8%. The main driving force comes from the "Super Profit" product with many superior mechanisms compared to other products on the market. "Super Profit" has contributed VND10,000 billion to CASA growth. VPBank expects that in the last 6 months of the year, this product will bring in CASA sources double the results of the first half of the year.
The bank also made its mark by pioneering the deployment of modern payment tools such as the “VPBank Pay by Account” solution, along with a series of initiatives such as QR codes, beautiful account numbers and solutions specifically for business households. In addition, the VPBank K-star Spark in Vietnam music festival also brought about positive effects, helping VPBank grow strongly in the number of newly opened accounts, CASA balance and brand recognition.
Based on the foundations achieved, VPBank's Board of Directors assesses that the second half of 2025 is full of challenges but also full of room for growth. The Bank continues to pursue the growth strategy set out at the beginning of the year, focusing on all customer segments and priority areas such as infrastructure, renewable energy, green finance, etc.
At the same time, VPBank is determined to build a sustainable balance sheet through mobilization from both domestic and foreign sources, ensuring proactiveness and readiness for growth plans in the second half of 2025.
With Decree 42 being codified, VPBank will step up debt collection, control bad debt ratio, and maintain credit costs below 2%. At the same time, the bank will promote credit to offset the impact of NIM narrowing. Automation initiatives, AI applications, and operating cost optimization will also be promoted, helping VPBank maintain a competitive cost-to-income ratio (CIR) and improve productivity.
“With the results achieved in the first half of the year, and an environment that is both challenging and full of opportunities, we have every basis to achieve the plan committed to the General Meeting of Shareholders,” Ms. Luu Thi Thao, Permanent Deputy General Director and Senior Executive Director of VPBank, emphasized.
GPBank made a profit in June
Along with positive business results, VPBank's Board of Directors has updated the progress of restructuring GPBank. Permanent Deputy General Director Luu Thi Thao said that immediately after receiving the transfer in mid-January 2025, VPBank has taken the first steps to determine the roadmap for comprehensive restructuring of GPBank.
Specifically, in the past 6 months, GPBank has completed the transformation of its operating model, rearranged its human resources model, and separated the sales force, which is a system of 79 branches, and the administrative force with functions such as credit approval, finance and accounting, and human resources.
“Not only did we build the foundation, we immediately assigned the business plan to the sales team,” Ms. Thao emphasized. “The initial plan was built modestly, but within just 5 months, GPBank has transformed quite positively.”
Specifically, the mobilization scale increased by 20%, core credit increased by 3%, in parallel with debt purchase activities from VPBank. Notably, after many difficult years, in June 2025, GPBank recorded positive profits, marking an important turning point in the restructuring process. For the whole year of 2025, VPBank set a pre-tax profit target for GPBank of about 500 billion VND.
Along with positive financial information, Ms. Thao also updated VPBank's long-term vision for GPBank. "When participating in the compulsory transfer, our first goal was to build an action plan to offset accumulated losses. But the bigger goal is to turn GPBank into a modern bank with prestige in the market and has set its own mission for GPBank," said VPBank's permanent Deputy General Director.
Ms. Thao said that GPBank has worked with leading consultants and completed building a business strategy along with strategies on technology, data, etc. In the third quarter of 2025, the bank will announce a new strategy and brand image.
Source: https://baodautu.vn/vpbank-tu-tin-hoan-thanh-cac-ke-hoach-nam-2025-d353042.html
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