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VPBankS (HOSE: VPX) said it is accelerating its pace to meet its annual plan, despite first-quarter profit coming in modestly against the full-year target. At the Q1 2026 earnings briefing on April 24, VPBankS CEO Nhâm Hà Hải reiterated the company’s confidence in achieving its full-year profit objective.
VPBankS entered 2026 with a stronger equity base following its IPO. By the end of 2025, the bank’s equity had increased to nearly 34,000 billion VND. The leadership said that in a market marked by fluctuations, access to larger funding creates additional opportunities for growth.
The bank also plans to raise the margin lending limit for margin trading to double last year, aiming to maintain momentum in this segment.
Margin lending and advances increased from over 33,000 billion VND at end-2025 to 36,278 billion VND at end-Q1 2026, representing an increase of roughly 6.4%. Total assets rose by about 8% to 78,751 billion VND.
VPBankS said it remains highly ranked in securities services, holding a top-9 market share in HOSE brokerage and top-6 in HNX. The number of client accounts increased from about 1.1 million to 1.3 million in Q1.
Mr. Hải noted that these results were achieved even as the market stayed volatile, with rising interest rates and regional Middle East tensions.
On revenue, VPBankS reported 311% year-on-year growth to 2,896 billion VND. The revenue mix remained concentrated in investment and proprietary trading (44%) and margin lending (30%).
The company said its investment banking (IB) advisory segment has not yet recorded significant contributions, but expects it to rise from Q2 due to a large issuance pipeline. This pipeline is expected to support advisory, underwriting, and bond-distribution fees.
VPBankS reported pre-tax profit of 515 billion VND in Q1, up 47% year-on-year. Even so, the figure led to questions from shareholders about whether the bank can meet its 6,453 billion VND full-year profit target.
VPBankS said Q1 net profit was over 515 billion VND, while it remains confident in meeting the 6,453 billion plan.
Source: VPBankS
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