Q1 2025 business results from Vietnam banking sector show a positive picture with most major banks recording double-digit profit growth compared to the same period last year.
According to published financial reports, total pre-tax profit of top 10 banks reached over 45 trillion VND, up 18% from Q1 2024. Industry credit growth reached 3.5%, higher than the average of previous years.
Banks leading profit growth include Vietcombank, Techcombank and VPBank. Credit quality improved with bad debt ratio falling below 2%.