Banks have impressive growth
According to updated data as of October 28, 2025, only 13 banks have issued financial reports for the third quarter of 2025, but many units have impressive growth compared to the same period.
Specifically, the pre-tax profit levels for the first 9 months of 2025 of banks are as follows:
Techcombank (TCB) reached VND23,385 billion, up 2.4% over the same period.
MBBank (MBB) reported a profit of VND23,139 billion, up 12% over the same period;
VPBank (VPB) reached VND 20,396 billion, up 47%;
ACB reached VND16,072 billion, up 5%;
SHB reached VND 12,234 billion, up 35%;
LPBank (LPB) recorded VND9,612 billion, up 9%.
NamABank (NAB) made a profit of VND3,800 billion, up 16%;
ABBank (ABB) earned VND2,319 billion, up 872%;
Kienlongbank (KLB) made a profit of VND 1,537 billion, up 102%;
VietABank (VAB) made a profit of VND 1,050 billion, up 32%;
BVBank (BVB) made a profit of VND437 billion, up 140%.
Securities Group has impressive profit growth
The securities industry showed strong profit growth compared to the same period last year. VNDIRECT (VND) forecasts that the interest rate in the first 9 months of 2025 will reach VND 2,200 billion, an increase of 83% compared to VND 1,201 billion in the first 9 months of 2024.
Similarly, SSI's 9-month LNTT was VND2,050 billion, up 28% over VND1,600 billion in the same period.
Many other securities companies also recorded high growth: VietinBank Securities (CTS) reached 310 billion VND, up 107% (same period 150 billion VND); FPT Securities (FTS) reached 522 billion VND, up 31% (same period 398 billion VND).
In particular, Thanh Cong Securities (TCI) reported a 9-month profit of VND136 billion, up 126% compared to VND60 billion. In the third quarter of 2025 alone, TCI reached VND86 billion in LNTT, up 277% compared to VND23 billion in the third quarter of 2024.
The recovery of the Steel industry and other bright spots
The steel industry shows a clear recovery. Hoa Phat Group (HPG) recorded LNTT in the first 9 months of 2025 at VND9,500 billion, while in the same period in 2024, it lost VND1,830 billion.
Hoa Sen Group (HSG) also reported a profit of VND650 billion, compared to a loss of VND450 billion in the first 9 months of 2024.
In other industries, some large enterprises have maintained growth momentum.
Vinamilk (VNM) of the F&B group reached VND 8,400 billion in FDI in the first 9 months, up 11% over VND 7,550 billion in the same period.
In the Oil and Gas industry, Vietnam Oil and Gas Technical Services Corporation is a member unit of the Vietnam Oil and Gas Group (PVS) with a profit of VND1,217 billion, an increase of 42% compared to VND858 billion.
The Real Estate group recorded Vincom Retail (VRE) reaching VND3,200 billion in LNTT, up 17%.
In contrast, Novaland (NVL) announced a pre-tax loss of nearly VND 1,043 billion in the first 9 months of 2025.
Some other enterprises also recorded growth results.
Vietnam Container Joint Stock Company (VSC) reported 9-month pre-tax profit of VND456 billion, up nearly 50% over the same period.
Tasco (HUT) announced after-tax profit for the first 9 months reached VND601 billion, nearly 5 times higher than the same period in 2024.
Some smaller enterprises recorded explosive LNTT growth in the third quarter of 2025:
The Long An Giang Mekong Delta (ACL) for the seafood industry reached 16 billion VND, up 311% (same period 4 billion VND);
Saigon - Quang Ngai Beer (BSQ) reached 32 billion VND, up 307% (same period 8 billion VND).
* Note: The data in the article is rounded.
