Affirming its increasingly solid position in the region
For the second consecutive year, Vietnam Prosperity Joint Stock Commercial Bank (VPBank, HoSE: VPB) is one of the outstanding representatives of Vietnam participating in the 87th position in the Fortune Southeast Asia 500 2025 ranking - a list of 500 largest enterprises in Southeast Asia based on revenue criteria.
Compared to the 2024 ranking, VPBank increased by 4 places, demonstrating a clear progress in scale, operational efficiency and the increasing influence of the bank in the region.
With the above results, VPBank continues to affirm its solid position in the region, standing shoulder to shoulder with many big names in the financial industry in Southeast Asia such as DBS, UOB, OCBC (Singapore), Kasikornbank and Bangkok Bank (Thailand), Maybank (Malaysia) ... and many other domestic banks such as Vietcombank, VietinBank, BIDV, Agribank...
According to Fortune's formula, VPBank's revenue in 2024 will reach 4.17 billion USD, an increase of 3% compared to the results in 2023. Profit after tax recorded a remarkable breakthrough, at nearly 630 million USD, up 50.4% thanks to the contribution of the parent bank, subsidiaries in the ecosystem and the return of FE CREDIT after a comprehensive restructuring period. At the same time, by the end of 2024, VPBank's total assets will reach nearly 36.3 billion USD.
VPBank representative assessed: VPBank's participation in the Fortune Southeast Asia 500 list for the second consecutive year is a testament to its solid financial capacity and effective growth strategy in the context of a global economy with many unknowns. VPBank will continue to improve the governance apparatus, improve the ecosystem, invest heavily in technology... to complete the strong growth target, to be among the largest banks in the market".
A solid foundation for remarkable growth
After more than 30 years of construction and growth, VPBank has continuously grown, becoming one of the financial institutions that always go hand in hand with the development of the economy. Through a deal to sell capital worth billions of USD, VPBank has become the leading charter bank in Vietnam.
With a strong capital foundation, VPBank has developed a network of operations across the country, building a unique expansion ecosystem, fully serving the needs of more than 30 million customers. In early 2025, VPBank welcomed a new member, GPBank, in addition to pieces such as consumer credit (FE CREDIT), securities (VPBankS) or non-life insurance (OPES) and affiliated partners in many fields.
At the 2025 Annual General Meeting of Shareholders, the bank also approved a plan to add two new members to the ecosystem, which are life insurance companies and fund management companies.
Overcoming the unknowns of the global economy, at the end of the first quarter of 2025, VPBank recorded consolidated pre-tax profit of VND 5,015 billion, up 20% over the same period. The bank's total assets reached more than VND 994,000 billion, approaching the VND 1 million billion mark, continuing to affirm its leading position in the group of private joint stock commercial banks.
In 2025, VPBank sets a profit target of nearly VND 25,300 billion, with credit and mobilization growth of 25% and 34%, respectively. Along with that, the target of total consolidated assets by the end of 2025 is 1.13 million billion VND, equivalent to an increase of 23%. In the period of 2026 - 2029, the bank aims for breakthrough growth, up to 35% per year.
In addition to impressive financial results, VPBank also realizes sustainability commitments through methodical strategies and specific actions. Recently, the bank has published an independent Sustainable Development Report, which is indexed according to the latest international standards. At the same time, in May 2025, VPBank also set a record when successfully implementing an international capital mobilization deal worth 1 billion USD from leading financial institutions.
Not only accompanying customers in their financial journey, VPBank also contributes to enhancing the living experience for the community through a series of cultural, sports and entertainment events. Most recently, the bank made a special mark when bringing Asian music legend G-Dragon to perform at the "VPBank K-Star Spark in Vietnam 2025" music festival.
This year's Fortune Southeast Asia 500 list brings together representatives from 18 fields and from 7 countries (Indonesia, Thailand, Malaysia, Singapore, Vietnam, Philippines and Cambodia). In particular, Vietnam has 76 representatives present, a significant improvement compared to the results of 70 enterprises in 2024. To be on this year's list, businesses in Southeast Asia need to achieve a minimum revenue of 349 million USD.
In total, these 500 enterprises recorded revenue of 1,817 billion USD, after-tax profit of nearly 137 billion USD and assets of up to 6,871 billion USD, reflecting the scale and increasing influence of Southeast Asia in the global economic picture.
VPBank has just revealed the new segment VPBank Private - providing specialized financial services created exclusively for elite customers, with the mission of accompanying and fostering sustainable and lasting prosperity.
The opening of VPBank Private has once again affirmed VPBank's business philosophy: constantly improving the experience, creating outstanding value and accompanying customers on the journey to conquer the quintessence of life.
