Vietnam Prosperity Joint Stock Commercial Bank (VPBank - stock code: VPB) has announced a Board of Directors resolution approving its business plan for this year, targeting a consolidated pre-tax profit of VND 41.323 trillion (USD 1.61 billion), a 35 per cent increase compared to 2025. This makes it the first private bank in the sector to plan for profits exceeding VND 40 trillion.
In 2026, VPBank expects to continue its expansion, with consolidated total assets reaching VND 1.63 quadrillion (USD 63.7 billion), a 29 per cent increase, and credit outstanding of VND 1.292 quadrillion (USD 50.5 billion), up 34 per cent. Customer deposits and valuable papers are projected to reach VND 1.031 quadrillion (USD 40.3 billion), a 40 per cent increase.
Previously, the Q4 2025 financial report showed VPBank's consolidated pre-tax profit for 2025 reached over VND 30.6 trillion (USD 1.2 billion), a historic high, up 53 per cent year-on-year, achieving 121 per cent of its plan and ranking sixth in the industry. For Q4 alone, profit exceeded VND 10.2 trillion (USD 398 million), the highest in four years.
Checking cash transactions at a bank (Photo: Manh Quan).
Military Commercial Joint Stock Bank (MB) aims for strong profit growth this year. At an investor conference on February 2, Chairman Luu Trung Thai stated the bank targets growth of 10 per cent or more, driven primarily by consumption, exports, and investment.
MB continues to boost its retail segment, a pillar of credit growth, with a plan to increase its proportion by 1.5-2 per cent annually, while expanding its FDI customer base and preparing a platform to enter the digital asset market. The bank targets credit and capital mobilisation growth of around 35 per cent, higher than the market average due to its advantage from participating in the restructuring of a compulsorily transferred bank.
This year, MB expects profits to increase by 15-20 per cent, reaching approximately VND 39.5 trillion (USD 1.54 billion); member companies are projected to contribute 12-13 per cent of total profit. The parent bank alone aims to keep non-performing loans (NPLs) below 1 per cent, maintain an NPL coverage ratio of 100 per cent, achieve a return on equity (ROE) of at least 21 per cent, and retain its leading position in current account savings account (CASA). Digital channel revenue is expected to increase to about 60 per cent, labour productivity to rise by 15 per cent, and the number of customers to grow by approximately 5 million.
Southeast Asia Commercial Joint Stock Bank (SeABank - stock code: SSB) also previously announced a Board of Directors resolution approving its 2026 budget plan. The bank targets a pre-tax profit of VND 7.068 trillion (USD 277 million) in 2026, an increase of over 9.4 per cent compared to the 2025 plan; ROE is projected at 13 per cent.
Additionally, SeABank aims for total assets to increase by 10 per cent compared to 2025. Credit growth is expected to reach 17 per cent, in line with the maximum credit outstanding allowed by the State Bank of Vietnam, and capital mobilisation is projected to grow by 23 per cent.
Checking cash transactions at a bank (Photo: Manh Quan).
For state-owned banks, while specific profit targets for this year have not yet been announced, Vietnam Bank for Agriculture and Rural Development (Agribank) aims for capital mobilisation to increase by 12-15 per cent and credit to also rise by 12-15 per cent, accompanied by requirements to enhance credit quality, focus on priority sectors, and strictly control risks, especially real estate risks.
Bank for Investment and Development of Vietnam (BIDV) expects credit growth of 15-16 per cent according to the State Bank of Vietnam's assigned limit, with capital mobilisation managed in line with capital usage needs, NPLs controlled not to exceed 1.5 per cent, and a target of approximately 10 per cent pre-tax profit growth.
Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) targets total assets to increase by at least 11 per cent, market 1 capital mobilisation (from individuals and organisations) to rise by at least 14 per cent, and credit to grow by approximately 13 per cent, while controlling NPLs below 1.5 per cent and achieving a minimum 7 per cent increase in pre-tax profit.
Meanwhile, Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) aims for total assets to increase by 5-10 per cent, credit to grow according to approved limits, capital mobilisation to increase appropriately to ensure liquidity safety, and NPLs to be controlled below 1.8 per cent.