VIB achieved VND 7,040 billion in PBT after nine months, up 7% YoY, and completed the payment of a 21% dividend for 2025

Vietnam International Bank (VIB) announced its business results for the first nine months of 2025, reporting a PBT of over VND 7,040 billion, up 7% compared to the same period in 2024. Credit and deposit growth reached 15% and 11% respectively. Asset quality continued to improve, with risk management remaining strong and at an optimal level. 

Positive growth, maintaining a strong and secure balance sheet

As of September 30, 2025, VIB’s total assets reached over VND 543 trillion, up 10% compared to the beginning of the year. Credit outstanding reached nearly VND 373 trillion, an increase of 15% YTD, with balanced contributions from the bank’s three main business segments: Retail Banking, Corporate Banking, and Institutional Banking. In Retail Banking, VIB continued to selectively expand lending, focusing on core products such as home loans, auto loans, business loans, and credit cards, targeting high-quality customers with well-secured and fully compliant assets. In the Corporate and Institutional Banking segments, VIB accelerated growth in working capital loans, production and business loans, and project financing for reputable enterprises with strong financial capacity and sustainable growth potential. 

Customer deposits recorded growth of more than 11%, reaching nearly VND 308 trillion. Notably, CASA balances and Super Interest accounts rose by 39% compared to the beginning of the year, reflecting the effectiveness of VIB’s strategy to optimize idle funds. In the third quarter of 2025, VIB officially launched a combined solution integrating the Super Account and the Smart Card cash-back payment card under the theme “Leading the Profitability Trend”. This represents an innovative step in cash flow management, enabling customers to maximize the value of both their idle funds and daily spending, with a combined benefit of up to 9.3%. This “Smart Duo” marks a major milestone in transforming Vietnamese consumers’ mindset on how to fully leverage the earning potential of every unit of capital.

Asset quality continued to show significant improvement in the third quarter, with the NPL ratio declining to 2.45%, down 0.23 percentage points compared to the end of the first quarter. This reflects the effectiveness of VIB’s prudent credit policies and its focus on high-quality customers. VIB’s loan portfolio remains well-balanced, with over 73% of total outstanding loans in the Retail and SME segments. Of these, more than 90% of retail loans are secured by fully legal real estate assets, primarily located in major urban areas. Meanwhile, 27% of the credit portfolio is allocated to the Corporate and Institutional Banking segments, mainly focusing on leading enterprises across sectors, including foreign direct investment (FDI) firms, state-owned enterprises, and top private companies.

In the third quarter, the bank issued a 14% stock dividend and completed a total dividend payment of 21% in cash and shares, as approved at the 2025 Annual General Meeting of Shareholders. Key safety and risk management indicators remained at optimal levels. The Capital Adequacy Ratio (CAR) under Basel II reached 12.4% (regulation: above 8%); the Loan-to-Deposit Ratio (LDR) stood at 79% (regulation: below 85%); the ratio of short-term funding used for medium- and long-term loans was 27% (regulation: below 30%); and the Net Stable Funding Ratio (NSFR) under Basel III reached 107% (Basel III standard: above 100%).

Nine-month profit up 7%, driving revenue diversification

By the end of the first nine months of 2025, VIB recorded total operating income of over VND 14.7 trillion and pre-tax profit exceeding VND 7.04 trillion, up 7% year-on-year. Net interest income reached nearly VND 11.9 trillion, continuing to be the main contributor as the bank expanded lending across all customer segments with competitive interest rates, focusing on high-quality clients with well-secured assets. In line with the Government’s directive to support credit access, VIB maintained lending rates at reasonable levels, contributing to economic recovery. The net interest margin (NIM) stood at 3.2%, ensuring a balance between profitability and asset quality.

Non-interest income made a strong contribution, accounting for over 19% of total operating income, mainly driven by fees and service activities. As of September 30, 2025, VIB’s credit cards in circulation surpassed one million, with total spending in the first nine months reaching over VND 104 trillion, up 15% year-on-year. In addition, newly launched digital banking services — such as bill payments, international transfers, tuition and insurance payments — together with tailored solution packages and services for corporate clients, also contributed significantly to the bank’s fee and service income.

Chart: Number of card-in-force at VIB from 2019 to 9M25

Operating expenses totaled approximately VND 5.46 trillion, remaining largely unchanged year-on-year thanks to the coordinated implementation of process optimization measures and effective cost management. Meanwhile, credit risk provisioning in the first nine months declined by 31% compared to the same period last year, reflecting the prudent provisioning set aside in previous quarters and the improved quality of the bank’s assets.

Completing a comprehensive financial ecosystem, enhancing the customer experience

In response to the trend of customers seeking comprehensive financial solutions rather than standalone products, VIB officially launched Privilege Banking – a priority customer service program, marking a new milestone in its journey of supporting clients in creating, building, and growing their wealth. With the positioning “Value is measured not only by assets but by experience”, Privilege Banking introduces a comprehensive privileged ecosystem, combining financial benefits, lifestyle perks, and premium services, reaffirming VIB’s pioneering position in Vietnam’s priority banking segment.

Also in the third quarter, VIB was honored by the international card organization Visa with three awards at the 2025 Visa Vietnam Customer Conference. These awards recognized VIB’s outstanding efforts in technological innovation, transaction volume growth, and corporate card development. The three award categories were: Digital Pioneer – Leading the deployment of new digital solutions in Vietnam with the PayFlex feature; Payment Volume Growth – Exceptional growth in card transaction volume, achieving a 100% increase; Supply Chain Payment & Commercial Card Innovation 2025 – Pioneering in supply chain payments and corporate card innovation with the VIB Business Card.

The positive results in the first nine months of the year further affirm VIB’s sound strategic direction in enhancing operational efficiency, managing risks, and accelerating digitalization. With a solid financial foundation, high-quality credit portfolio, and an increasingly comprehensive digital ecosystem, VIB is well-positioned to accelerate in the fourth quarter, aiming to achieve its 2025 targets and continue delivering sustainable value to customers, shareholders, and the Vietnamese economy.