The financial report for Q1 2025 of Vietnam Joint Stock Commercial Bank for Industry and Trade (VAB) shows sustainable growth and positive development in financial indicators. The bank’s total assets grew by 5% year-on-year, reaching 50 trillion VND. Capital mobilization from individuals and economic organizations reached 42 trillion VND, with a 6% increase. Pre-tax profit in the first quarter reached 600 billion VND, a 15% increase compared to the same period, demonstrating high efficiency in lending and investment operations. VAB’s bad debt situation is well-controlled, with a bad debt ratio of 1.5%, lower than the requirement of the State Bank. The bank has also heavily invested in technology to improve customer service, aiming to enhance user experience. Concurrently, social and community activities have also been emphasized, with many support programs for the poor and sustainable development implemented. Thus, VAB affirms its strong position and comprehensive development goals in the near future.
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