{
}
Samsung is reportedly considering relocating part of its smartphone and electronics production from Vietnam to India due to a significant tariff increase on Vietnamese goods. This shift reflects a broader trend among tech firms to diversify production and leverage India's production-linked incentives, as the country aims for $500 billion in electronics exports by 2030. However, India faces challenges in scaling its electronics sector, which currently lags behind Vietnam's robust export figures.
Moody's has maintained the credit ratings for Vietnam Prosperity Joint Stock Commercial Bank (VPBank) and FE CREDIT, upgrading FE CREDIT's outlook to "Stable." VPBank's financial strength is highlighted by a projected 20-22% credit growth and a 26% increase in profit plans for 2025, while FE CREDIT is set to achieve a pre-tax profit of nearly VND 515 billion in 2024, bolstered by a successful restructuring and digitization efforts.
VPBank aims for a profit target of VND 25,270 billion by 2025, reflecting a 26% increase from 2024, while total consolidated assets are projected to reach VND 1,130,000 billion, a 23% rise. The bank is enhancing digital transformation and maintaining a strong cash dividend policy, demonstrating commitment to shareholders. In Q1 2025, consolidated operating income rose 16.1% to nearly VND 15.6 trillion, with a pre-tax profit of VND 5,015 billion, supported by effective risk management and a focus on individual and SME lending.
Moody's has confirmed the credit ratings of Vietnam Prosperity Joint Stock Commercial Bank (VPBank) and FE CREDIT, upgrading FE CREDIT's outlook to "stable." VPBank's strong financial foundation and growth prospects are highlighted, with expected lending growth of 20-22% and a profit plan of nearly $1 billion for 2025. FE CREDIT is set to achieve a pre-tax profit of nearly VND 515 billion in 2024, bolstered by a successful restructuring and digitalization efforts.
Moody's has affirmed VPBank's credit ratings, maintaining a stable outlook and a Ba3 rating, while upgrading FE CREDIT's outlook to "Stable" and its independent capacity assessment to B3. VPBank's total consolidated assets reached over VND994,000 billion, with a projected profit plan of VND25,270 billion for 2025, reflecting strong financial foundations and growth strategies. FE CREDIT is set to achieve a pre-tax profit of nearly VND 515 billion in 2024, bolstered by a successful restructuring and a focus on digitization and customer-centric operations.
VPBank aims for a profit target of VND 25,270 billion by 2025, reflecting a 26% increase from 2024, while targeting total consolidated assets of VND 1,130 trillion. The bank reported a 20% rise in pre-tax profit to VND 5,015 billion in Q1 2025, supported by strong loan growth and effective risk management, maintaining a non-performing loan ratio below 3%. With the addition of GPBank, VPBank continues to enhance its diversified ecosystem, focusing on digital transformation and customer experience.
VPBank reported strong first-quarter results for 2025, with total consolidated assets exceeding VND 994 trillion and a consolidated profit before tax of VND 5.015 trillion, marking a 20% increase year-on-year. The bank's individual non-performing loan ratio remained below 3%, reflecting improved credit quality, while customer deposits grew by 14.2%. VPBank aims for a profit target of VND 25.27 trillion for 2025, a 26% increase from 2024, and plans to maintain a cash dividend policy for shareholders.
Vietnam Prosperity Joint Stock Commercial Bank (VPBank) reported strong results for Q1 2025, with total consolidated assets exceeding VND 994 trillion and a pre-tax profit of VND 5.015 trillion, up 20% year-on-year. The bank's loan scale grew by 5.2% from the start of the year, while customer deposits surged by 14.2%. VPBank aims for a profit target of VND 25.27 trillion for 2025, reflecting a 26% increase from 2024, and maintains a commitment to shareholders with a cash dividend policy for the third consecutive year.
Vietnam Prosperity Joint Stock Commercial Bank (VPBank) and SmartNet have launched the SmartSME application, a comprehensive financial solution designed for small and medium-sized enterprises (SMEs). This secure and user-friendly app facilitates easy access to capital, cash flow management, and business development, allowing businesses to operate entirely online with quick approval times. Available on both Android and iOS, SmartSME aims to support the financial digitization and sustainable growth of SMEs in Vietnam.
VPBank aims for a profit target of VND 25,270 billion by 2025, leveraging a customer base of over 30 million and a strong digital transformation strategy. In Q1 2025, the bank reported a 20% increase in pre-tax profit to VND 5,015 billion, with total assets exceeding VND 994,000 billion, driven by robust credit growth and effective risk management. The bank continues to enhance its offerings and maintain a solid dividend policy, reflecting its commitment to shareholders.
Vietnamese Đồng
Currency
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
samsung considers shifting production from vietnam to india amid tariff changes
07:30 24.04.2025
moody's maintains credit ratings for vpbank and fe credit with stable outlook
07:03 24.04.2025
vpbank targets significant growth and digital transformation by 2025
06:27 24.04.2025
moody's affirms vpbank and fe credit ratings with stable outlook for fe credit
06:03 24.04.2025
moodys affirms credit ratings for vpbank and fe credit with stable outlook
06:03 24.04.2025
vpbank targets significant growth and digital transformation by 2025
05:39 24.04.2025
vpbank reports strong first quarter growth and positive financial outlook
16:08 23.04.2025
vpbank reports strong growth and profitability in first quarter of 2025
15:43 23.04.2025
vpbank and smartnet launch smart sme application for efficient capital access
12:09 23.04.2025
vpbank reports strong growth and ambitious targets for 2025
12:09 23.04.2025
Trending
Subcategory
Corporate News
Industry Trends
Stock Market Updates
Retail and Consumer Goods
Startups & Entrepreneurship
Global Financial Events
CEO Changes
Finance Mergers & Acquisitions
Financial Scams and Security
Banking Regulations
Market Analysis and Predictions
Central Bank Actions
AI Innovations
Hedge Funds & Private Equity
Global Trade Developments
Industry Mergers & Acquisitions
Government Policies
Workplace Trends
Supply Chain Management
Government Economic Policies
Countries:
Companies:
Tesla, Inc.
Wells Fargo & Company
Apple Inc.
Bank of America Corporation
The Goldman Sachs Group, Inc.
Barclays PLC
NatWest Group plc
JPMorgan Chase & Co.
NVIDIA Corporation
Lloyds Banking Group plc
Mastercard Inc
Visa Inc.
Santander UK plc
Citigroup Inc.
Morgan Stanley
HSBC Holdings plc
Nintendo Co., Ltd.
Berkshire Hathaway Inc.
Mercedes-Benz Group AG
Amazon.com, Inc.
Currencies:
United States Dollar
Chinese Yuan
British Pound Sterling
Swiss Franc
Euro
Japanese Yen
Indonesian Rupiah
Indian Rupee
United Arab Emirates Dirham
Offshore Chinese Yuan
Singapore Dollar
Qatari Riyal
South Korean Won
Jordanian Dinar
Brazilian Real
Saudi Riyal
People: