Major Vietnamese banks post double-digit profit growth in 2025

Major Vietnamese banks post double-digit profit growth in 2025. Banking sector profits in 2025 reached new highs as 27 banks listed on the stock market posted pre-tax profits of more than 356.5 trillion dong, up 19% from a year earlier. Notably, major banks such as VietinBank, VPBank, HDBank, and SHB accelerated strongly, becoming the engine of growth for the entire sector. By the end of 2025, the total pre-tax profit of 27 banks on the stock market reached 356.508 trillion dong, up 19% from 2024. The top 10 banks by profit remained the familiar names: Vietcombank, VietinBank, BIDV, MB, Techcombank, VPBank, HDBank, ACB, SHB, and LPBank. The combined profit of these 10 banks totaled nearly 292.900 trillion dong, up 20% from 2024 and accounting for 82% of the total profit of the 27 banks on the stock market. In the leading group, many banks posted growth well above the market average, with the main drivers including VPBank (up 57%), VietinBank (up 37%), HDBank (up 27%), SHB (up 30%). VietinBank closed 2025 with consolidated pre-tax profit of over 43.446 trillion dong, up nearly 37% from the previous year, maintaining its position among banks with the largest profit scale in the system. This result brings VietinBank close to Vietcombank (44.020 trillion) and well ahead of the second-ranked BIDV (37.863). The main growth driver for VietinBank came from lending activity—the core income source. In 2025, net interest income rose by more than 6% to 66.453 trillion, aided by the continued expansion of lending with credit outstanding growing 16%. Besides interest income, VietinBank also reported improvements in non-interest income sources, helping total operating income sustain growth. Driven by improvements in multiple income streams, VietinBank's total operating income in 2025 reached about 87.295 trillion, up more than 6% from the prior year. Although operating costs rose to around 26.551 trillion, pre-provision operating profit still reached over 60.700 trillion, providing a foundation for overall profit growth. A notable point is that credit-risk provisioning declined sharply to about 17.298 trillion, well below nearly 27.600 trillion in 2024. This indicates asset quality stabilizing and helps profit growth outpace revenue growth. VPBank for the first time posted pretax profit above 30.0 trillion. In 2025, consolidated pre-tax profit reached 30.625 trillion, up nearly 53% from the previous year. This reflects a clear recovery in core business and shows that credit risk provisioning pressures have eased after the difficult period in consumer lending. The main driver came from net interest income—this component reached over 58.600 trillion, up almost 20% from the prior year, consistent with credit expansion and continued strength in the retail and SME segments that support core income growth. In addition, non-interest income also recovered meaningfully. Net income from services reached over 7.300 trillion, up more than 20%, reflecting improvements in payments and related financial services. Other income and securities trading also contributed positively, helping VPBank's total operating income rise by nearly 20% to around 74.654 trillion. As a result, pre-provision operating profit exceeded 56.000 trillion, establishing a foundation for overall profit growth. Another important factor is that credit risk provisioning declined versus 2024; the lower provisioning, amid stable asset quality, helped magnify profit growth. This is notable given prior years VPBank had to sustain high provisions to address legacy issues. HDBank posted pretax profit above 21.0 trillion, entering the top three private banks by profit. HDBank finished 2025 with pretax profit of over 21.300 trillion, up 27.4% from the previous year. In Q4 2025, pretax profit exceeded 6.5 trillion, up 60% year-over-year. With these results, HDBank became the seventh bank to report pretax profit above 20 trillion in 2025 and surpassed ACB to enter the top three private banks by profit in the system. ROE stood at 25.3% and ROA at 2.1%, illustrating strong capital efficiency. SHB's pretax profit in 2025 reached 15.028 trillion, up about 30% from 11.569 trillion in the prior year. The main driver remained net interest income, which amounted to around 23.858 trillion, up about 12% from 2024. This shows lending activity continued to expand steadily. Focus on corporate clients and priority sectors continues to play a key role in core income growth. Non-interest income also advanced notably, especially in services. Net income from services exceeded 3.200 trillion, up significantly from just over 1.200 trillion the prior year. Net income from other activities remained positive, helping total operating income for 2025 reach around 28.588 trillion, up more than 21% from the previous year. On the cost side, SHB continued to invest in business; operating expenses rose to about 6.416 trillion and provisioning expenses increased to 7.144 trillion. Nevertheless, the rise was absorbed by strong operating income, helping pretax profit grow robustly. Mạnh Đức An ninh Tiền tệ