If in 2020, the total pre-tax profit of the four banks Agribank, BIDV, VietinBank and Vietcombank according to separate financial statements was 60,271 billion VND, then in 2021, this number increased by 20% to 72,530 billion VND.

In 2022, the total pre-tax profit according to the individual financial statements of the Big4 group exceeded the 100 trillion (101,700 billion VND) threshold for the first time after a sharp increase of 40% compared to 2021.

By 2023, the profit growth of these 4 "big guys" will reach 15% and reach 117,000 billion VND.

This group's profit growth in 2024 will reach 10.44% with total profit reaching VND 129,213 billion, equivalent to about USD 5.1 billion.

In particular, Vietcombank leads not only in the Big4 group but also leads the entire industry in pre-tax profit with VND 41,279 billion, according to its separate financial report in 2024.

Coming in second is VietinBank, reaching the milestone of 30,361 billion VND.

BIDV is not far behind with a profit of 30,006 billion VND, while Agribank reached about 27,600 billion VND (Agribank has not officially announced its financial statements for the fourth quarter of 2024).

Thus, the total profit of Big4 banks has more than doubled (114%) after only 4 years. In particular, BIDV's profit in 2024 is more than 3 times higher than that in 2020.

If only counting the last half decade, Vietcombank has always been the leading bank in the group of 4 state-owned commercial banks in terms of profit.

After 2 years (2022 and 2023), VietinBank was behind the other 3 banks in terms of profit, but had a breakthrough in 2024 to rise to second place after Vietcombank. This is also the bank with the highest profit growth in 2024 among these 4 banks (up 25.48% compared to 2023).

BIDV's profit growth rate in 2024 is 12% and Agribank's is 8% over the same period.

Meanwhile, despite leading the system in absolute numbers, Vietcombank's profit growth rate in 2024 will only reach 1.3%.

This explains why Big4's total profit in 2024 only reached 10.44%, the lowest growth rate in the past 5 years, although absolute profit continued to set new records.

Vietcombank, BIDV, VietinBank and Agribank are also familiar names in the group of banks that have achieved profits of over 10,000 billion in recent years.

This list of 2024 also includes joint stock commercial banks including: MB, Techcombank, VPBank, ACB, HDBank, Sacombank, LPBank and SHB.