In the first quarter of 2025, many banks forecast positive profits

The highest growth rate belongs to Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank), with an increase of 51%. Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) also increased by 42%. Meanwhile, Vietnam Prosperity Joint Stock Commercial Bank (VPBank) increased by 32%...

Many banks forecast positive profits in the first quarter of 2025. Photo: AGB

Specifically, Sacombank could achieve a profit of VND4,000 billion; VPBank achieved a profit of VND5,500 billion, with credit growth of about 5%. Other banks such as Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) are expected to achieve a profit of VND4,800 billion, up 19% compared to the same period in 2024. This bank's profit increase is driven by credit growth of about 6% since the beginning of the year, while the NIM ratio (net interest margin, a measure of the percentage difference between interest income and interest expenses of a bank) is forecast to remain stable compared to the fourth quarter of 2024.

SSI also forecasts that the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) will achieve VND8,000 - 8,500 billion in pre-tax profit in the first quarter, an increase of 8-15% over the same period in 2024, thanks to stable credit growth (up 2% compared to the beginning of the year).

Meanwhile, the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) could record pre-tax profit of VND11,000 - 11,300 billion, up 3-5%, thanks to good credit growth of 3%.

Source: https://hanoimoi.vn/quy-i-2025-nhieu-ngan-hang-du-bao-dat-loi-nhuan-kha-quan-697275.html