Mr. Nguyen Thanh Tung - Party Secretary, Chairman of Vietcombank Board of Directors delivered the opening speech at the conference
Speaking at the opening of the Conference, Party Secretary and Chairman of Vietcombank Board of Directors Nguyen Thanh Tung reviewed outstanding results in Party work and business activities.
In the first 6 months of 2025, the Vietcombank Party Committee issued 260 resolutions, 693 decisions, 574 conclusions and many other important directive documents to lead and direct the implementation of political tasks and Party building work throughout the Party Committee. In particular, the Vietcombank Party Committee directed the review and arrangement of the apparatus, perfecting the organizational model and network towards streamlining and efficiency according to the policy of Resolution No. 18-NQ/TW.
Units/departments at the headquarters were reviewed, arranged, and merged; specialization and centralization were promoted according to each block/activity area. At the same time, ineffective branches and transaction offices were gradually restructured and downsized. The entire Party Committee admitted 217 new party members and officially transferred the party membership to 147 comrades.
On the basis of closely following the directions of the Government Party Committee and the State Bank, the Vietcombank Party Committee has comprehensively completed its political tasks, successfully organized 100% of Party cell and grassroots Party congresses, and strengthened Party building and organizational consolidation in the first 6 months of 2025.
Total assets are estimated to reach over VND 2.1 million billion, up 1.8% compared to the end of 2024. Total outstanding credit to the economy after supporting VCBNeo is estimated to increase by more than 5% compared to the end of 2024. Credit structure continues to shift towards quality, efficiency and sustainability.
In addition, the bad debt ratio is controlled at less than 1%, the lowest among large-scale credit institutions. The bad debt coverage ratio is about 219%, the highest in the banking system. Off-balance sheet debt collection is about 1.9 trillion VND, an increase of 38% over the same period in 2024. The CIR ratio (cost-to-income ratio) is well controlled and is expected to decrease compared to the end of 2024. From there, Vietcombank continues to hold the No. 1 position in the market in terms of capitalization and profit, and is the leading commercial bank in terms of quality and operational efficiency.
In addition to positive business results, Vietcombank has always played a key role in implementing national monetary policies and fulfilling corporate social responsibility. In the first 6 months of 2025, Vietcombank has been implementing 22 programs to reduce lending interest rates for businesses and people, with a total of nearly 28,000 customers receiving interest rate reductions with outstanding loans of more than VND 715 trillion, and a reduction of over VND 3.5 trillion; implementing a special credit product called "New Successful Home" for young people to buy houses with a total scale of up to VND 10 trillion.
In addition to funding key national projects and works, Vietcombank is a pioneer in funding sustainable development sectors and priority areas. Credit for priority areas has grown well, accounting for about 33% of total outstanding credit. Vietcombank is always active in social security activities, sharing with the community. In the first 6 months of 2025, Vietcombank has committed to providing 417 billion VND in funding for social security programs in many localities across the country.
With the results achieved in the first 6 months of 2025, Vietcombank continues to be the listed enterprise with the largest market capitalization, ranked among the 100 listed banks with the largest market capitalization in the world, and listed in the Top 30 most valuable brands in Southeast Asia (according to the announcement of Kantar BrandZ - the world's leading prestigious market research organization).
Mr. Le Quang Vinh, Deputy Secretary of the Party Committee and General Director of Vietcombank, emphasized that in order to synchronously and effectively implement the set goals, it is necessary to have the consensus and efforts of the entire system, from the Head Office to branches, from leaders at all levels to each officer and employee.
At the end of the Conference, the Party Secretary and Chairman of the Board of Directors of Vietcombank sent his best wishes to all officers and employees in the system for good health, strong will, continued promotion of solidarity and creativity, ensuring the safe and effective operation of the entire system; striving to compete and achieve achievements to welcome the 5th Vietcombank Party Congress, term 2025 - 2030 taking place in early August 2025.
Source: https://daibieunhandan.vn/vietcombank-chung-niem-tin-vuon-xa-voi-tinh-than-doi-moi-10378523.html
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