On April 18, 2025, in Hanoi, Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) held an annual General Meeting of Shareholders in 2025, approving many important contents related to the results of activities in 2024 and development orientation in 2025.
The Congress unanimously approved reports from the Board of Directors (BOD), Executive Committee, Control Committee; audited financial reports for 2024; profit distribution plan; increase charter capital through issuing stocks to pay dividends from remaining profits in 2021, 2022 and the period 2009-2016.
In addition, the Congress also approved the plan to publicly list bonds on the Hanoi Stock Exchange, the 2025 remuneration plan for the Board of Directors, the Supervisory Board and handling plans in case early intervention is needed.
Regarding personnel, the General Meeting of Shareholders dismissed Mr. Nguyen Duc Thanh and elected Mr. Nguyen Van Anh to the Board of Directors for the 2024-2029 term. At the same time, 4 members of the Supervisory Board were added, including Mr. Dao Xuan Tuyen, Mr. Nguyen Hai Dang, Ms. Mai Huong Thao and Ms. Pham Thi Thu Huyen.
Imprints of activities in 2024
Sticking to the contents that were approved by the General Meeting of Shareholders in 2024, the Board of Directors of VietinBank directed to drastically implement business solutions, take the lead in the implementation of policies and orientations of the Party, the State and market movements, efforts to promote innovation, strongly convert growth models, deploy comprehensive transformation in activities, improve financial capacity, maximum quality of financial solution Finance of customers. Since then, VietinBank has achieved positive business results in 2024.
Total consolidated assets reached VND 2.39 trillion, up 17.4% compared to 2023. Consolidated outstanding credit reached VND 1.73 million billion, up 16.8%; of which, retail and small-scale credit accounted for 61.5%, up from 61.2% in 2023. Consolidated mobilized capital reached nearly 1.76 million billion VND, up 15.2%, with CASA capital reaching nearly 400 trillion VND, putting VietinBank in the group of three leading banks in CASA scale. The bank continues to control the bad debt ratio at 1.1% according to Circular 31, the bad debt coverage ratio reached 171.7%. Total operating income reached VND 81.9 trillion, up 16.1% and highest in the entire banking industry; individual pre-tax profit reached VND 30.4 trillion, up 25% compared to 2023 and completing 115% of the plan assigned by the General Meeting of Shareholders.
VietinBank actively implements preferential credit policies, supports people and businesses, accompanies localities in developing the regional economy, focusing on the fields of production and business, green credit and priority areas according to the orientation of the Government and the State Bank.
In particular, 2024 marks a strong transformation in digital transformation, becoming the fourth pillar alongside three other strategic pillars. The bank has implemented 45 digital transformation initiatives, typically products such as DigiGOLD, online disbursement, and online guarantee for corporate customers.
The Digital Factory model applies the Agile method to help shorten product development time and quickly improve according to customer feedback. VietinBank also focuses on developing digital human resources, spreading the culture of innovation and creativity throughout the system.
2025 - Accelerate and strongly transform in all areas of activity
Entering 2025, VietinBank has identified this as a pivotal year to accelerate the completion of the goals for the period 2021-2025, aiming to have a vision to become a modern, multi-purpose, and leading efficient bank in Vietnam and the region by 2030.
The bank focuses on four strategic orientations: sustainable core income growth; increasing the level of engagement and becoming the main transaction bank of customers; effectively managing resources; improving risk management capacity. At the same time, VietinBank is committed to accelerating the comprehensive digital transformation program, extensively digitizing products and services, redesigning business processes, and maximizing data power to improve operational efficiency.
According to the plan, VietinBank's financial targets for 2025 are expected to be achieved with total assets increasing by 8-10%; outstanding credit increased according to the limit approved by the State Bank; mobilized capital increased in accordance with credit; bad debt ratio controlled below 1.8%; pre-tax profit approved by competent state agencies; ratio and structure of dividend payment implemented according to legal regulations.
By the end of the first quarter of 2025, VietinBank continued to record positive results when total assets are estimated to increase by 3.9%; outstanding credit increased by 4.7%; mobilized capital increased by 3.9%; bad debt ratio controlled at 1.3%; pre-tax profit increased by about 6% over the same period in 2024.
