This increase also put VPBank in a group of banks plans to increase the highest asset size this year.
According to the annual General Meeting of Shareholders (Shareholders) of the 2025 annual, Vietnam Prosperity Joint Stock Commercial Bank (VPBank, HOSE: VPB) aims to reach the total consolidated assets by the end of this year to 1.13 million billion dong, up 23% compared to the end of 2024.
If this plan is completed, VPBank will become the next bank to join the million billion group, which is overwhelming by the state -owned group.
By the end of 2024, there were only 5 bank houses in the banking system to reach a total of million billion dong assets, including BIDV, Vietinbank, Agribank, Vietcombank and MB. The common point of this group is that there is a part or the majority by state shareholders. VPBank, by the end of 2024, recorded a total asset size of more than 923,848 billion dong.
Club "million billion dong"
With the banking industry, the total assets are one of the key targets that reflect the size, financial capacity and competitive position.
Total assets play a fundamental role to evaluate operational efficiency through financial indicators such as ROA (profit margin on total assets), demonstrating the ability to effectively manage and exploit resources, contributing to the bank's sustainable and stable development.
At the same time, a bank owns a large total asset often have a clear advantage of reputation for customers, investors and partners, helping to improve the ability to raise capital, meet international standards of finance.
In 2016, for the first time, the Vietnamese banking system recorded a bank with a total asset of VND 1 million, Agribank and BIDV. At that time, most of the top private banks only reached the threshold of 200,000 - 300,000 billion dong. The million billion milestones became the "boundary" dividing two groups of state -owned banks and private commercial commercial groups.
However, with the dynamism in the strategy and coverage in separate segments and rapid adaptability to market fluctuations, Vietnamese private banks gradually narrowed the gap in total assets compared to the state -owned bank group.
In the period of 2022-2023, the asset size of the leading private banks such as VPBank, Techcombank, MB, or ACB grew greatly, reaching 800,000 - 900,000 billion VND, equivalent to about 50% of the state -owned scale, compared to only about 30% in 5 years earlier. For the first time, the banking industry recorded a private team may reach a total of million billion dong assets.
The narrowing of this gap stems from the fact that private banks are focused on digital transformation, promote the development of retail bank products and effectively exploit the segment of individual customers, SME with high profit margin and large segment coverage.
In addition, the flexible management structure, the ability to respond quickly to market fluctuations and build integrated ecosystems also help private banks make effective use of business opportunities, thereby promoting growth of total assets stronger and more sustainable than state -owned banks that are limited by many barriers, especially capital increase capacity.
VPBank's speedy step
In the private bank group, VPBank's progress can be considered the most prominent. In 2010, the scale of VPBank's total assets was only over 59,800 billion dong, compared to the average of over 100,000 billion of the leading private group or the scale of 300,000-500,000 billion dong of the state-owned group.
However, the total assets of the bank have continuously increased at a rapid rate, exceeding the threshold of VND 400,000 billion by 2020, nearly 7 times higher in just one decade.
Notably, since 2021, the growth rate of VPBank's total assets has increased significantly, surpassing important milestones of VND 500,000 billion in 2021 and continues to exceed the threshold of VND 800,000 billion in 2023.
The expected total asset of VPBank by VPBank's late 2025 was nearly double that of 2021 and an increase of nearly 40% compared to 2023.
In particular, the period of 2022–2025 witnessed the fastest growth rate, power from VPBank carrying out dollar deals such as the agreement to sell 49% of charter capital at FE Credit to SMBC Finance Company with a pricing of US $ 2.8 billion in 2021 and issuing 15% of the equity capital for SMBC Group strategic partners with more than VND 35,900 billion in 2023.
These outstanding figures show important strategic decisions such as expanding the ecosystem, developing digital banks, as well as improving the efficiency of capital mobilization and expanding customer networks has promoted clearly.
In addition, growth is motivated by many strategic factors. VPBank has expanded the financial ecosystem through the development of diverse and comprehensive fields of activity, including:
VPBank Securities Company (VPBANKS), Opes Insurance Company and recently received the GPBank bank under the compulsory transfer plan. The strategic cooperation with SMBC Bank of Japan also helps VPBank to expand opportunities to cooperate with FDI customers, increasing the size of a large group of customers.
This year, along with VPBank, Vietnamese banks continue to aim to grow total assets at a two -digit threshold. In this year's banking prospect, analyzing group from Vietnam Investment Ranking Company (Vis Rating), expectation of the trust capacity of Vietnamese banks will improve, followed by the recovery trend from the second half of 2024, led by state -owned banks and some large banks.
In particular, many government policies are implemented to support economic growth and solve legal problems that will promote business activities in the main industries that the bank lends such as production, trade, construction and real estate.
