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Leading banks in Vietnam reported strong profit growth in Q3 2024, driven primarily by credit activities. Vietcombank's pre-tax profit rose 18% to over $445 million, while BIDV and VietinBank also saw significant increases. The banking sector anticipates continued growth, with projections of 15-17% profit growth for 2024, supported by improved credit demand and competitive lending rates.
VPBank has been recognized for the 6th consecutive time as one of the Top 20 enterprises with the highest ESG scores in the Vietnam Sustainable Development Index, outperforming industry averages in environmental, social, and governance components. With a market capitalization exceeding 156 billion USD, the bank continues to lead in sustainable practices, including implementing Climate-Related Financial Disclosure to support its net zero emissions goal. In Q3 2024, VPBank reported a pre-tax profit of nearly 67 trillion VND, reflecting a 13.9% increase year-on-year, while also securing a significant credit contract with JBIC for renewable energy projects.
VPBank has secured its position in the Top 20 companies with the highest ESG scores in the VNSI basket for the sixth consecutive time, demonstrating strong performance in environmental, social, and governance practices. With a market capitalization exceeding VND 202 trillion (~$6.4 billion), it remains among the top five stocks in 2024. The bank is also recognized for its commitment to climate-related financial disclosure, supporting Vietnam's goal of achieving net zero emissions.
VPBank has secured its position in the Top 20 enterprises with the highest ESG scores in the Vietnam Sustainable Development Index for the sixth consecutive time, also ranking among the Top 5 stocks by market capitalization in 2024. The bank's commitment to sustainability is highlighted by its superior scores in environmental, social, and governance components, alongside its unique implementation of Climate-Related Financial Disclosure. As of November 5, 2023, VPBank's capitalization exceeded VND 5 trillion, with a consolidated pre-tax profit of nearly VND 67 trillion, reflecting a 13.9% increase year-on-year.
Vietnam Prosperity Bank (VPBank) has achieved a brand value of $1.35 billion in 2024, marking a nearly 6% increase from the previous year and securing its position among the top 10 most valuable brands in Vietnam. This growth reflects stable revenue, effective communication, and enhanced employee satisfaction, contributing to its rise in brand strength. Over the past eight years, VPBank's brand value has surged from $56 million in 2016 to nearly $1.4 billion today, showcasing its remarkable progress in the banking sector.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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