Vietnam banks unveil business plans for 2025
Many commercial banks in Vietnam will hold their AGMs at the end of March or early April, where key issues of investor interest will be discussed, including their business plans for 2025.

Logo of VIB. Photo courtesy of the bank.
The National Citizen Bank (NCB), listed on the Hanoi Stock Exchange (HNX) as NVB, will hold its AGM on March 29. NCB has set a target of VND59 billion ($2.31 million) in pre-restructuring profit for 2025.
The bank has committed to using all profits for its restructuring plan. Additionally, it aims to achieve total assets of VND135.5 trillion ($5.3 billion) and customer deposits of VND118.5 trillion, up 14.6% and 23.2% year-on-year, respectively.
The board of directors of Eximbank (HoSE: EIB) has approved a proposal from its acting CEO on business plans for 2025, which will be presented at the AGM. The bank aims for a pre-tax profit of VND5.58 trillion ($218.42 million), a more than 33% increase compared to 2024. If this target is achieved, Eximbank will set a new profit record.
The bank plans to reach total assets of VND265.5 trillion ($10.39 billion), up 10.8% year-on-year. Deposits are projected to rise by 15.5% to VND206 trillion, while outstanding credit is expected to grow by 16.2% to VND195.5 trillion. The non-performing loan (NPL) ratio is expected to inch down by 0.54% to 1.99%.
Vietnam International Bank (HoSE: VIB) has announced documents to be presented to its AGM, scheduled for March 27. The bank has set a pre-tax profit target of VND11.02 trillion ($431.35 million), a 22% rise compared to 2024.
VIB aims to achieve total assets of VND600.35 trillion ($23.5 billion), up 22% year-on-year. Total outstanding credit is expected to grow by 22% to VND395.8 trillion, and deposits are projected to increase by 26%, reaching VND377.3 trillion. The NPL ratio will be kept under 3%.
Meanwhile, SeABank has set a credit growth target of 15%, in line with the maximum credit cap set by the State Bank of Vietnam (SBV). The bank also aims for a 16% increase in deposits and expects total assets to grow by 10%.
Given these targets, SeABank (HoSE:SSB) anticipates a pre-tax profit of VND6.46 trillion ($252.87 million), a nearly 10% increase from its 2024 target, and a return on equity (ROE) ratio of 13.8%.
Nam A Bank (HoSE: NAB) has presented its business plan to the 2025 AGM, with a pre-tax profit target of VND5 trillion ($195.72 million), a 10% increase from the previous year, and a dividend payout of 25%.
The bank expects total assets to reach VND270 trillion ($10.57 billion), with personal and institutional loan balances of VND194 trillion (up 16% year-on-year) and deposits (including personal, institutional, and securities) of VND209 trillion (up 17%). The NPL ratio is expected to remain below 2.5%, with all safety ratios in compliance with regulations.
Similarly, VPBank (HSX:VPB) has set a consolidated profit growth target for 2025 at 20-25%. In 2024, the bank recorded a pre-tax profit of over VND20 trillion ($782.9 million). As a result, VPBank has set its profit target for 2025 between VND24 trillion and VND25 trillion.
Prospects for banking stocks in 2025
According to SBV Deputy Governor Dao Minh Tu, an average credit growth of more than 2% will help GDP expand by 1%. In 2025, the central bank aims for a credit growth of around 16% to achieve an 8% GDP growth.
However, if GDP growth reaches 10%, credit growth must rise by 18-20%, meaning the banking sector will need to inject an additional VND2,800-3,100 trillion ($121.35 billion) into the economy.
Economists believe that regardless of the growth level, real estate and infrastructure will be the main drivers of credit growth this year. Additionally, credit for exports, particularly agricultural shipments, is expected to maintain momentum, even amid trade conflicts.
Regarding the banking sector's prospects, experts from BIDV Securities (BSC) expect a 20% profit growth in 2025. This will be driven by a slight improvement in NIM (net interest margin), manageable asset quality supported by debt restructuring regulations for struggling customers, and continued credit growth, with a greater impact from retail credit and the recovery of the real estate market.
BSC notes that in 2025, the push for public infrastructure projects will directly benefit state-owned banks in terms of credit growth. The banking sector will enter a phase of reducing credit costs, boosting profit growth, and benefit from the recovery of the real estate market, with a high proportion of credit allocated to developers and homebuyers.
However, BSC also cautions that there are risks, such as slower-than-expected real estate recovery, the possibility of higher-than-expected NPLs, and continued pressure on NIM due to intense competition in the sector.
Meanwhile, analysts from Vietcap Securities forecast that asset quality in the banking sector will improve in 2025, supported by a low-interest-rate environment and strong credit demand. They predict that the NPL resolution ratio will increase as banks continue to clean up their balance sheets.
The prospects for banks in 2025 will be varied. Experts suggest that this will be the year when the entire sector focuses on strengthening the loan loss coverage ratio (LLCR), as the buffer accumulated during the Covid-19 period has been exhausted.
As a result, there will be limited room to use provisions for managing NPLs. Banks with high LLCR will have an advantage in managing credit cost pressures in 2025, while those that made relatively low provisions in 2023-2024 will face higher provisioning pressures, which may impact profits.
- Read More
Techcombank named best digital bank in Vietnam
Techcombank has won awards for 'Digital Bank of the Year in Vietnam' and 'Best Mobile Banking App in Vietnam' at The Asset Triple A Digital Awards 2025.
Companies - Tue, March 18, 2025 | 10:41 am GMT+7
Ford vows to expand activities in Vietnam
U.S. automobile manufacturer Ford aims to expand activities in Vietnam, with long-term investments.
Companies - Tue, March 18, 2025 | 8:17 am GMT+7
Thailand, EU accelerate FTA negotiations, aim for December completion
Thai Minister of Commerce Pichai Naripthaphan recently held a virtual meeting with Maroš Šefčovič, European Commissioner for Trade, Economic Security, Interinstitutional Relations, and Transparency, to accelerate the FTA discussions.
Southeast Asia - Mon, March 17, 2025 | 10:58 pm GMT+7
Malaysia Prime Minister warns of trade wars, tariffs
Malaysian Prime Minister Anwar Ibrahim has warned that trade wars, tariffs, and sanctions are no longer just economic tools but have become weapons in the struggle for dominance, eroding trust and undermining the foundations of international cooperation.
Southeast Asia - Mon, March 17, 2025 | 10:46 pm GMT+7
Vietnam's resort real estate market struggles to bounce back amid low sales: DKRA
Vietnam’s resort real estate market has not yet rebounded as expected, with very low sales in the first two months of the year, according to consultancy DKRA Group.
Real Estate - Mon, March 17, 2025 | 10:31 pm GMT+7
Vietnam’s AI ambitions to balance innovation with responsibility
As generative AI rapidly evolves, its potential to drive innovation is undeniable but so are its risks, writes Dr Sam Goundar, a senior lecturer in IT, school of science, engineering & technology, RMIT University Vietnam.
Consulting - Mon, March 17, 2025 | 4:53 pm GMT+7
Bamboo Capital Group chairman passes away
Kou Kok Yiow (Chris), chairman of the board of directors of Bamboo Capital Group (BCG), passed away at the age of 63, due to a heart attack, according to a corporate release on Monday.
Companies - Mon, March 17, 2025 | 4:42 pm GMT+7
Revenues of LG’s 3 factories in Vietnam up 10% in 2024 to $10.3 bln
LG’s key plants in Vietnam, namely LG Innotek Vietnam Hai Phong, LG Electronics Vietnam Hai Phong, and LG Display Vietnam Hai Phong, recorded a total revenue of KRW14,987 billion ($10.3 billion) in 2024, up 9.63% year-on-year.
Companies - Mon, March 17, 2025 | 3:25 pm GMT+7
Central Vietnam province aims to add 2,300 MW of wind power to development plan
Vietnam’s central province of Quang Tri plans to add 1,800 MW of 43 land-based wind power projects and 500 MW of offshore wind power to the draft implementation scheme of the national power development plan VIII (PDP VIII).
Energy - Mon, March 17, 2025 | 2:58 pm GMT+7
Vietnam economic activity improvements fall behind expectations: broker
Statistical indicators for the first two months of 2025 showed that despite improvements compared to the same period last year, Vietnam’s economy activity was yet to meet expectations for the whole year's growth target of 8%, according to Viet Dragon Securities.
Economy - Mon, March 17, 2025 | 12:15 pm GMT+7
Coca-Cola consumption in Vietnam reaches 875 mln liters in 2024, down 0.6%
The consumption of Coca-Cola products in Vietnam reached 154 million unit cases in 2024 (each unit case has 24 eight-ounce servings), equivalent to 875 million liters, according to Swire Coca-Cola.
Companies - Mon, March 17, 2025 | 11:07 am GMT+7
HCMC wants to expand international financial center into District 1
Ho Chi Minh City has proposed to expand its future international financial center into District 1, apart from the Thu Thiem new urban area.
Economy - Mon, March 17, 2025 | 8:00 am GMT+7
Vietnam’s benchmark VN-Index expected to experience healthy corrections for further gains
Corrections are necessary for the VN-Index, which represents the Ho Chi Minh Stock Exchange, to reach higher points in the future, according to experts.
Finance - Sun, March 16, 2025 | 2:43 pm GMT+7
Indonesia tackles emissions from vehicle exhaust
The Indonesian Government is intensifying efforts to control air pollution following a report that placed Indonesia among the top 20 countries with the highest pollution levels.
Southeast Asia - Sun, March 16, 2025 | 2:29 pm GMT+7
Indonesia to convert waste into fuel, power in 30 big cities
Indonesian Deputy Minister of Energy and Mineral Resources Yuliot Tanjung said that the Government is targeting to process waste into fuel and electricity in 30 big cities by 2029.
Southeast Asia - Sun, March 16, 2025 | 2:27 pm GMT+7
Indonesia plans to import 200,000 dairy cows this year
A total of 1,250 dairy cattle imported from Australia have arrived in Indonesia, as part of the Government's broader efforts to attract investment in expanding the national dairy herd and increasing domestic milk production.
Southeast Asia - Sun, March 16, 2025 | 2:23 pm GMT+7
- Consulting
-
Rethinking resilience: How typhoon Yagi redefines supply chain strategies in northern Vietnam
-
Remove roadblocks to lure foreign investment into Vietnam: HSBC exec
-
AI can be a game changer for Vietnam tourism
-
In trade and investment, ASEAN and China are better together
-
Investment opportunities in LNG-to-power projects in Vietnam
-
Pepper prices 2024: will the dream of 'black gold' repeat?