Top 6 banks with the largest budget contributions in Vietnam: LPBank's breakthrough mark

The achievements of Top 6 private banks and Top 14 private enterprises with the largest budget contributions not only affirm the financial strength and sustainable business results of LPBank but also reflect the motto of attaching social responsibility to business, accompanying the country on the journey of sustainable development.

Ms. Nguyen Thi Vui - Member of the Executive Board representing LPBank received the cup and medal from the Organizing Committee.

On the morning of September 9, in Hanoi, the Ceremony to Honor the Enterprises Contributing the Largest Budget in 2025 was solemnly held. The event brought together many senior leaders from state agencies, leading economic experts and representatives of nearly 200 typical enterprises nationwide. This is an annual activity to honor enterprises that have made important contributions to the national budget, affirming the leading role and strength of the Vietnamese business community.

Within the framework of the Honor Ceremony, Loc Phat Bank (LPBank - stock code: LPB) was named in the Top 14 private enterprises and Top 6 private banks with the largest budget contributions in the country.

With a nationwide network and flexible development strategy, LPBank has affirmed its position as one of the dynamic private banks, accompanying customers on the journey of sustainable development.

In parallel with its large contribution to the budget, LPBank recorded impressive business results for the first half of 2025. The bank achieved pre-tax profit of VND 6,164 billion, completing 41.5% of the annual plan. Total operating income reached VND 9,601 billion, of which non-credit income accounted for 27% and grew by 17.3% over the same period last year. The balanced income structure shows efforts to diversify revenue sources, reduce dependence on traditional credit activities, in line with the bank's sustainable development orientation.

In terms of scale, LPBank achieved outstanding credit of VND368,727 billion, up 11.2% compared to the beginning of the year, significantly higher than the overall growth rate of the industry. Total bank assets also increased by 16% over the same period, reaching VND513,613 billion. This is a clear demonstration of the ability to expand capital supply, especially in the retail sector - the field that LPBank is focusing on to accompany individual customers and small businesses, promoting consumption and production.

Operational efficiency and risk management capacity continue to be bright spots in LPBank's financial picture. The cost-to-income ratio (CIR) remained at 28.92%, lower than the market average, reflecting good cost control, allowing the bank to confidently reinvest in technology and strategic projects without putting pressure on profits. The bad debt ratio was tightly controlled at 1.74%, fully meeting the requirements of the State Bank, while demonstrating the safety and quality of asset management. Profitability indicators also reached high levels, with ROE of 23.67% and ROA of 1.95% - surpassing the industry average.

This year, LPBank has paid 2024 cash dividends at a rate of 25% in accordance with the resolution of the Annual General Meeting of Shareholders. The total payment value is up to VND 7,468 billion, the highest level in the entire banking industry today. This is an affirmation of financial potential, transparency and efforts to bring practical value to shareholders.

Being honored in the Top 14 private enterprises and Top 6 private banks with the largest budget contributions in Vietnam in 2025 is not only a recognition of LPBank's financial efforts but also a source of pride and motivation for the bank to continue to persevere on the path of sustainable development. With a flexible strategy, effective management and a spirit of serving society, LPBank affirms that it will continue to accompany the Government and the business community in the journey to create a prosperous Vietnam.

According to data from CafeF Lists 2025, the 200 largest enterprises in the VNTAX 200 list paid nearly VND800,000 billion to the state budget in 2024, equivalent to 40% of the total national budget revenue. Of which, the private enterprise sector contributed nearly VND245,000 billion, with many units paying over VND10,000 billion.

For the banking industry alone, 2024 is considered a breakthrough year when the total budget contribution of the top 20 banks reaches more than VND 95,400 billion, an increase of 19% over the previous year and 68% higher than in 2022.

In the context of Vietnam's accelerating economic development, the contribution of the business community in general and the banking sector in particular is considered a key factor. Budget contributions not only reflect the financial health of businesses but also demonstrate social responsibility and support for the country in key areas such as education, health, infrastructure, national security and social security.

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