Expanded earnings before taxes surpass VNĐ5 trillion, total assets exceed VNĐ500 trillion as credit expands by 10% according to VIB's reports.
Vietnam International Bank (VIB) Shines in First Half of 2025
Vietnam International Bank (VIB) has had a strong start to 2025, with impressive growth across various segments. The bank's lending rates have remained at reasonable levels, aligning with government directives to support credit rates.
In the first half of 2025, VIB's pre-tax profit reached over VNĐ5 trillion, marking a 9% year-on-year increase. This growth was underpinned by a 10% year-on-year credit growth, which contributed to total assets surpassing VNĐ500 trillion.
The bank's non-interest income contributed approximately 21% to VIB's total operating income. One of VIB's key initiatives, the Super Account, has attracted over 500,000 active users since its launch in early 2025.
VIB's retail banking segment has been a standout, fuelled by flexible loan offerings, accelerated digital transformation, and a customer-centric strategy. The bank launched two breakthrough products, Super Pay and Super Cash, to boost customer engagement and complete its personalised financial super ecosystem.
A significant development in VIB's lending portfolio is the introduction of a VNĐ45 trillion home loan package. This package offers attractive borrowing conditions, featuring a competitive fixed interest rate starting from 5.9%, flexible repayment terms, and no early repayment fees. The package, designed to accommodate various customer needs, is powered by AI technology for instant approval.
VIB's digital banking services, while not detailed in the current search results, are likely a part of this accelerated transformation.
The bank's credit risk provisions fell sharply by 49% compared to H1 2024, reflecting the effectiveness of VIB's prudent credit policies and focus on high-quality customers. The bank's non-performing loan (NPL) ratio also declined to 2.54% in H1, down 0.14 percentage points from the end of Q1.
Operating expenses for the first half of 2025 decreased by 1% year-on-year, contributing to VIB's strong financial performance. Total card spending for VIB exceeded VNĐ67.9 trillion, a 15% year-on-year increase.
In summary, VIB's home loan package in 2025 offers competitive fixed interest rates, flexible repayment terms, and no penalty for early repayment, making it appealing for borrowers. The bank's retail banking segment has also seen significant growth, driven by digital transformation and customer-centric strategies. However, details on VIB's digital banking services remain unavailable in the current context.
- The impressive growth of Vietnam International Bank (VIB) in 2025 can be attributed not only to their reasonable lending rates but also to the government's directives supporting credit rates and the economy's overall business environment.
- The introduction of AI technology has been a game-changer for VIB, as it powers the bank's new home loan package and provides instant approval for customers.
- The strategic focus on a customer-centric approach, flexible loan offerings, and digital transformation have fueled the growth of VIB's retail banking segment.
- Technology plays a crucial role in VIB's business strategy, evident in their launch of breakthrough products like Super Pay and Super Cash, aimed at boosting customer engagement and creating a personalized financial super ecosystem.
- The Vietnamese government, businesses, and technology sector will likely take note of VIB's strong financial performance in the first half of 2025, as it indicates a positive outlook for the finance industry and the economy as a whole.
