VIB: Profit before tax exceeds VND 5 trillion, total assets surpass VND 500 trillion with credit growth reaching 10%

Vietnam International Bank (VIB) announced its business performance for the first half of 2025, reporting a profit before tax (PBT) of over VND 5 trillion, up 9% YoY compared to 2024. Credit growth reached 10% in 1H25, contributing to total assets surpassing VND 500 trillion, with well-managed and optimal asset quality. 

Total assets exceeded VND 500 trillion, resilient and prudent balance sheet

As of June 30, 2025, VIB’s total asset reached over VND 530 trillion, up 8% YTD. Total credit exceeded VND 356 trillion, increasing 10% with strong contribution across Retail Banking, SME, Corporate and Financial Instiutionals. Additionally, Retail banking growth was a notable highlight, driven by flexible loan products, strong digitalization, and customer-centric approach. Notably, VIB launched a VND 45 trillion home loan package offering “borrow VND 1 billion, repay VND 1 million in principal per months for the first 5 years” option, making homeownership more accessible for young customers. The packages features fixed interest rate from 5.9% p.a, especially with instant AI-powered approval, flexible repayment, and no early repayment fees. As for SME and Corporate & Institutionals segments, VIB continued selective credit expansion, focusing on supporting working capital and business needs amid a low-interest environment.

Customers deposit grew steadily by 10%, reaching over VND 304 trillion, specifically, CASA and Super Account increased 51% compared to the beginning of the year, reflecting the effetiveness of VIB’s funding strategy to optimize idle cash flow. 

Launched in early 2025, the Super Account has attracted over 500,000 active customers, significantly expanding VIB’s base of high-potential customers for banking products and services. With the vision of becoming a smart financial partner, VIB continues accelerate digital transformation and develop flexible solutions to enhance service efficiency and ensure sustainable deposit growth.

Asset quality continued to show improvement in the 1H25. The non-performing loan (NPL) ratio declined to 2.54%, down 0.14 percentage points from the end of Q1, reflecting the effectiveness of VIB’s prudent credit policies and focus on high-quality customers. VIB’s loan portfolio remains highly secured, with over 75% of outstanding loans in retail and SME segments—more than 90% of retail loans are backed by fully legal real estate assets, primarily located in major urban areas.

Cat 2 loans continued to decline, indicating the bank’s effective control over early signs of credit risk. The formal legalization of Resolution 42 will provide a crucial legal framework, enabling VIB to accelerate bad debt resolution and further strengthen its stable and sustainable financial foundation amid ongoing market challenges. 

In Q2.25, the bank completed the payment of a 7% cash dividend as approved at the 2025 Annual General Meeting. Key risk indicators remained at optimal levels, specifically, the CAR Basel II ratio stood at 12.0% (regulatory minimum: 8%), the loan-to-deposit ratio (LDR) was 77% (regulatory cap: 85%), the ratio of short-term funding used for medium- and long-term loans was 23% (regulatory cap: 30%), and the Net Stable Funding Ratio (NSFR) under Basel III reached 111% (Basel III standard: above 100%).

9% profit growth in 1H25, diversifying income sources

By the end of the first half of 2025, VIB recorded total operating income (TOI) of over VND 9.7 trillion and PBT exceeding VND 5 trillion, up 9% YoY. The net interest income (NII) reached more than VND 7.7 trillion, continuing to be the main contributor amid the bank’s strong focus on retail lending with competitive interest rates, targeting high-quality, well-collateralized customers. In line with the Government’s directives on credit rate support, VIB maintained lending rates at reasonable levels, contributing to Vietnam’s economic recovery. The net interest margin (NIM) remained stable at 3.4%, ensuring sustainable profitability.

The non-interest income made a strong contribution, accounting for approximately 21% of TOI, primarily driven by fee and service-based activities. As of June 30, 2025, VIB had nearly one million card-in-force, with total spending reaching over VND 67.9 trillion in 1H25, an increase of 15% YoY. In addition, newly launched digital banking services such as bill payments, international transfers, tuition and insurance payments, etc… along with tailored solution packages and services for corporate clients, also contributed significantly to fee and service income.

Chart: Number of card-in-force at VIB from 2019 – 1H25

Operating expenses decreased by 1% YoY, due to the consistent implementation of process optimization and effective cost management initiatives. Simultanously, credit risk provisions in 1H25 dropped by 49% compared to the same period last year, supported by a strong provisioning buffer built up prudently in previous quarters.

Strengthening a comprehensive digital ecosystem, improving customer engagement and satisfaction

Continuing the technology pioneer stategy and personalized financial ecosystems, VIB recently launched two breakthrough products: Super Pay – an intelligent payment solution, and Super Cash – a flexible lending solution. These two key offerings are important components in completing VIB’s personalized financial super ecosystem, empowering users to manage their finances in a smart, safe, and efficient way.

Super Pay empowers customers to take control of their spending with three standout features: PayFlex – flexible source selection for payments, PayEase – on-demand installment conversion, and PaySafe – proactive transaction authentication, all integrated into the MyVIB app. Meanwhile, Super Cash offers a flexible credit access solution, allowing customers to seamlessly shift up to VND 1 billion in credit limits between their credit card and cash loan. The entire process is conducted online via the Max by VIB app, with a streamlined application, transparent interest rates, and no early repayment fees.

With the product offerings including Super Pay, Super Cash, Super Account, and Super Card, VIB is steadily realizing its vision of building a comprehensive digital financial ecosystem, empowering users with maximum control over their finances in the digital era.

The strong performance in the first half of the year affirms VIB’s sound strategic direction in enhancing operational efficiency, strengthening risk management, and accelerating digital transformation. With a solid financial foundation, a high-quality credit portfolio, and an increasingly complete digital ecosystem, VIB is well-positioned to accelerate in the second half of the year, paving the way for sustainable growth and maximizing value for customers, shareholders, and the economy.