Financial institutions lead the way in the top 20 publicly traded companies during the first half of 2025
Vietnam's economic landscape has been vibrant in the first half of 2025, with several companies from various sectors demonstrating impressive profit growth. Among the top performers are banks and firms affiliated with Vingroup, the country's leading conglomerate.
Banks Lead the Pack
The banking sector has been a standout performer, with Vietcombank leading the pack. The bank reported a pre-tax profit of VND21.9 trillion, marking a 5% increase year-on-year. VietinBank followed closely, with a pre-tax profit of VND18.9 trillion, representing a 46% profit rise. SeABank showed the highest profit growth among banks, soaring 81% in the period. Other major banks such as BIDV, MB (Military Bank), Techcombank, VPBank, ACB, HDBank, and VIB also secured top rankings, each earning several trillions of đồng in profits.
VietinBank's impressive performance was evident in Q2, as it posted a pre-tax profit of over VND12 trillion, making it the most profitable bank in the quarter. Vietcombank, on the other hand, maintained its leading position throughout the first half of the year.
Vingroup's Remarkable Rise
The Vingroup ecosystem claims three positions in the top 10 pre-tax earners of the first half of 2025. FPT rounded out the list with VND6.1 trillion in profit, also up 19%. Vingroup (VIC) secured eighth place with VND11 trillion, showing a 68% year-on-year increase. Hoà Phát reached VND8.8 trillion, up 26%, ranking 15th.
The significant increase in Exhibition Fair Centre JSC (VEFAC)'s profits was primarily due to revenue of VND44.5 trillion from the partial transfer of the Vinhomes Global Gate Project to New Era T&T JSC, approved by Hanoi's People's Committee on March 12. As a result, VEFAC achieved a pre-tax profit of VND19.1 trillion, an 8,341% increase, placing it second nationwide.
Airports Corporation of Việt Nam (ACV) posted VND7 trillion, placing 18th, while airlines reported a pre-tax profit of VND6.6 trillion, marking a 19% increase and ranking 19th.
Profit Drivers for the Banking Sector
The robust performance of the banking sector can be attributed to credit recovery, improved asset quality, and expanded non-interest income, according to industry analysts. Notably, MB maintained the highest CASA (current account savings account) ratio in the banking system at around 34.8–38% during early 2025, indicating strong stable funding.
In summary, Vietcombank and VietinBank are the largest profit earners, with SeABank achieving the fastest profit growth. Other key banks like MB, Techcombank, VPBank, BIDV, HDBank, and VIB also contributed significantly to the sector's robust performance. Meanwhile, the Vingroup ecosystem has also shown a remarkable rise in the earnings landscape, with FPT and Vingroup (VIC) securing places in the top 20.
[1] Source: VietnamNet Bridge [2] Source: VnExpress International [3] Source: Reuters [4] Source: Saigon Times [5] Source: Tuoi Tre News
Ai analysis indicates that the finance industry, particularly the banking sector in Vietnam, has experienced significant growth in the first half of 2025. The breaking news shows Vietcombank as the largest profit earner, followed by VietinBank, while SeABank demonstrated the fastest growth. Other key players like MB, Techcombank, VPBank, BIDV, HDBank, and VIB also contributed to the sector's impressive performance. In addition, Vingroup's affiliated businesses, such as FPT and Vingroup (VIC), have also shown remarkable growth, thereby breaking industry norms.
