COMMERCIAL BANK FOR FOREIGN TRADE OF VIETNAM

Balance Sheet Commercial Bank for Foreign Trade of Vietnam

Equities

VCB

VN000000VCB4

Banks

End-of-day quote Ho Chi Minh S.E. Other stock markets 2026-05-14			5-day change	1st Jan Change
61,000.00 ^VND	+1.50%		+1.16%	+6.09%

Apr. 28	Joint Stock Commercial Bank for Foreign Trade of Vietnam Reports Earnings Results for the First Quarter Ended March 31, 2026	CI
Apr. 24	Joint Stock Commercial Bank for Foreign Trade of Vietnam Appoints Nguyen Ngoc Minh as Member of the Supervisory Board, Effective April 24, 2026	CI

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Published financial data: COMMERCIAL BANK FOR FOREIGN TRADE OF VIETNAM

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Interest Income On Loans	70,749B	88,113B	108,122B	93,655B	105,216B
Interest Income, Total	70,749B	88,113B	108,122B	93,655B	105,216B
Interest On Deposits	28,349B	34,866B	54,501B	38,249B	46,445B
Interest Expense, Total	28,349B	34,866B	54,501B	38,249B	46,445B
Net Interest Income	42,400B	53,246B	53,621B	55,406B	58,771B
Income From Trading Activities	18.99B	-33.6B	124B	65.57B	175B
Gain (Loss) on Sale of Invest. & Securities - (Rev)	3.93B	26.58B	-24.43B	67.42B	-
Income (Loss) on Equity Invest. (Income Block)	31.93B	21.61B	131B	146B	163B
Total Other Non Interest Income	14,269B	14,779B	13,847B	12,961B	13,345B
Non Interest Income, Total	14,324B	14,793B	14,078B	13,240B	13,683B
Revenues Before Provison For Loan Losses	56,724B	68,040B	67,699B	68,646B	72,455B
Provision For Loan Losses	11,761B	9,464B	4,565B	3,315B	3,192B
Total Revenues	44,963B	58,576B	63,134B	65,331B	69,262B
Salaries And Other Employee Benefits	9,586B	10,705B	11,718B	12,263B	13,663B
Occupancy Expense	3,462B	4,017B	3,456B	3,403B	3,827B
Federal Deposit Insurance	711B	802B	881B	994B	1,091B
Selling General & Admin Expenses, Total	3,497B	5,226B	5,284B	5,892B	6,075B
Total Other Non Interest Expense	318B	457B	552B	544B	588B
Non Interest Expense, Total	17,574B	21,208B	21,890B	23,095B	25,243B
EBT, Excl. Unusual Items	27,389B	37,368B	41,244B	42,236B	44,020B
EBT, Incl. Unusual Items	27,389B	37,368B	41,244B	42,236B	44,020B
Income Tax Expense	5,450B	7,449B	8,189B	8,383B	8,822B
Earnings From Continuing Operations	21,939B	29,919B	33,054B	33,853B	35,198B
Net Income to Company	21,939B	29,919B	33,054B	33,853B	35,198B
Minority Interest	-20.23B	-20.04B	-21.24B	-21.73B	-20.28B
Net Income - (IS)	21,919B	29,899B	33,033B	33,831B	35,178B
Preferred Dividend and Other Adjustments	2,064B	2,349B	2,576B	2,693B	2,976B
Net Income to Common Incl Extra Items	19,855B	27,550B	30,457B	31,138B	32,202B
Net Income to Common Excl. Extra Items	19,855B	27,550B	30,457B	31,138B	32,202B
Per Share Items
Net EPS - Basic	2.38K	3.3K	3.65K	3.73K	3.85K
Basic EPS - Continuing Operations	2.38K	3.3K	3.65K	3.73K	3.85K
Basic Weighted Average Shares Outstanding	8.36B	8.36B	8.36B	8.36B	8.36B
Net EPS - Diluted	2.38K	3.3K	3.65K	3.73K	3.85K
Diluted EPS - Continuing Operations	2.38K	3.3K	3.65K	3.73K	3.85K
Diluted Weighted Average Shares Outstanding	8.36B	8.36B	8.36B	8.36B	8.36B
Normalized Basic EPS	2.05K	2.79K	3.08K	3.16K	3.29K
Normalized Diluted EPS	2.05K	2.79K	3.08K	3.16K	3.29K
Dividend Per Share	-	-	-	301	-
Payout Ratio	8.61	11.2	-	-	10.69
American Depositary Receipts Ratio (ADR)	0.04	0.04	0.04	0.04	0.04
Supplemental Items
Effective Tax Rate - (Ratio)	19.9	19.93	19.86	19.85	20.04
Current Domestic Taxes	4,537B	8,403B	8,072B	8,518B	7,831B
Current Foreign Taxes	9.97B	3.78B	7.01B	8.24B	11.9B
Total Current Taxes	4,547B	8,407B	8,079B	8,526B	7,843B
Deferred Domestic Taxes	902B	-958B	110B	-143B	979B
Deferred Foreign Taxes	-	-	-	-	-
Total Deferred Taxes	902B	-958B	110B	-143B	979B
Normalized Net Income	17,098B	23,335B	25,756B	26,376B	27,492B

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	210,047B	319,677B	314,714B	381,274B	504,243B
Investment Securities, Total	206,680B	210,673B	184,264B	192,558B	198,139B
Trading Asset Securities, Total	3,069B	1,656B	2,495B	6,191B	12,207B
Total investments	209,749B	212,329B	186,760B	198,748B	210,346B
Gross Loans	960,750B	1,145,066B	1,270,359B	1,449,199B	1,673,526B
Allowance For Loan Losses	-25,976B	-24,779B	-28,684B	-31,183B	-24,976B
Net Loans	934,774B	1,120,287B	1,241,675B	1,418,016B	1,648,550B
Gross Property Plant And Equipment	14,040B	14,192B	15,127B	16,148B	16,683B
Accumulated Depreciation	-8,173B	-8,780B	-9,599B	-10,278B	-10,653B
Net Property Plant And Equipment	5,867B	5,412B	5,528B	5,870B	6,030B
Other Intangibles, Total	3,073B	2,815B	2,593B	2,562B	2,545B
Accrued Interest Receivable	7,149B	9,209B	9,200B	8,868B	10,007B
Other Receivables	5,504B	6,315B	3,218B	3,238B	4,250B
Restricted Cash	22,507B	92,558B	58,105B	49,340B	37,446B
Other Current Assets, Total	12,814B	23,160B	11,662B	13,032B	11,593B
Deferred Tax Assets Long-Term (Collected)	7.14B	958B	848B	992B	13.07B
Other Long-Term Assets, Total	3,180B	21,095B	5,310B	3,933B	7,257B
Total Assets	1,414,673B	1,813,815B	1,839,613B	2,085,874B	2,442,279B
Liabilities
Accounts Payable, Total	-	-	4,519B	837B	-
Accrued Expenses, Total	7,467B	7,816B	5,543B	9,919B	10,424B
Interest Bearing Deposits	822,183B	998,385B	1,037,123B	1,177,726B	1,364,660B
Non-Interest Bearing Deposits	424,903B	544,185B	561,308B	652,280B	767,375B
Total Deposits	1,247,086B	1,542,570B	1,598,431B	1,830,006B	2,132,035B
Short-Term Borrowings	77M	78M	118B	78M	82M
Current Portion of Long-Term Debt	-	-	-	-	-
Long-Term Debt	25,658B	26,769B	33,303B	22,072B	49,301B
Current Income Taxes Payable	598B	5,087B	4,678B	4,358B	2,962B
Accrued Interest Payable	9,199B	12,174B	19,105B	13,990B	15,458B
Unearned Revenue, Current	-	-	-	-	-
Deferred Tax Liability Current	-	-	-	-	-
Other Current Liabilities - (Bank / Utility Template)	3,329B	1.47B	365M	529M	-
Unearned Revenue Non Current	5,103B	3,522B	1,744B	64.78B	64.64B
Deferred Tax Liability Non-Current	-	-	-	-	-
Other Non Current Liabilities	7,115B	80,230B	7,160B	8,417B	7,476B
Total Liabilities	1,305,555B	1,678,169B	1,674,601B	1,889,664B	2,217,720B
Common Stock, Total	37,089B	47,325B	55,891B	55,891B	83,557B
Additional Paid In Capital	4,995B	4,995B	4,995B	4,995B	4,995B
Retained Earnings	66,607B	83,290B	104,206B	135,385B	136,044B
Comprehensive Income and Other	340B	-53.23B	-173B	-158B	-109B
Total Common Equity	109,030B	135,558B	164,919B	196,113B	224,487B
Minority Interest	87.11B	88.38B	93.99B	96.26B	71.52B
Total Equity	109,117B	135,646B	165,013B	196,209B	224,559B
Total Liabilities And Equity	1,414,673B	1,813,815B	1,839,613B	2,085,874B	2,442,279B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	8.36B	8.36B	8.36B	8.36B	8.36B
ECS Total Common Shares Outstanding	8.36B	8.36B	8.36B	8.36B	8.36B
Book Value / Share	13.05K	16.22K	19.74K	23.47K	26.87K
Tangible Book Value	105,957B	132,742B	162,326B	193,551B	221,943B
Tangible Book Value Per Share	12.68K	15.89K	19.43K	23.16K	26.56K
Total Debt	25,658B	26,769B	33,421B	22,072B	49,301B
Deposits at Interest - Cash	214,542B	393,887B	-	416,346B	526,146B
Net Debt	-221,188B	-336,473B	-320,048B	-388,338B	-500,924B
Equity Method Investments, Total	760B	782B	838B	774B	747B
Full Time Employees	21.67K	22.6K	23.49K	24.31K	23.46K
Number Of Offices	122	122	-	132	129

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	21,919B	29,899B	33,033B	33,831B	35,178B
Depreciation, Depletion & Amortization	947B	919B	928B	891B	1,134B
Amortization of Goodwill and Intangible Assets - (CF)	466B	426B	341B	196B	251B
Total Depreciation, Depletion & Amortization	1,412B	1,345B	1,269B	1,086B	1,386B
Change in Trading Asset Securities	-14,383B	5,578B	19,950B	-25,449B	-3,888B
Change in Other Net Operating Assets (Collected)	-184,043B	-96,824B	-235,419B	-85,274B	-162,795B
Other Operating Activities	9,158B	12,525B	9,068B	-4,734B	1,856B
Cash from Operations	-165,937B	-47,476B	-172,099B	-80,539B	-128,264B
Capital Expenditure	-1,621B	-712B	-1,008B	-1,480B	-1,453B
Sale of Property, Plant, and Equipment	8.46B	15.75B	9.44B	12.5B	17.23B
Investment in Marketable and Equity Securities, Total	-69.71B	202B	-	747M	-60.17B
Other Investing Activities, Total	92.75B	102B	139B	159B	117B
Cash from Investing	-1,590B	-392B	-859B	-1,307B	-1,379B
Issuance of Common Stock	-	-	-	-	-
Common Dividends Paid	-1,886B	-3,348B	-	-	-3,760B
Common & Preferred Stock Dividends Paid	-1,886B	-3,348B	-	-	-3,760B
Net Increase (Decrease) in Deposit Accounts - (CF)	109,384B	230,898B	133,557B	139,662B	244,494B
Other Financing Activities, Total	-	-	-15.63B	-19.96B	-16.74B
Cash from Financing	107,498B	227,550B	133,542B	139,642B	240,717B
Net Change in Cash	-60,029B	179,681B	-39,417B	57,795B	111,075B
Supplemental Items
Cash Interest Paid	28,835B	31,709B	47,455B	43,790B	44,982B
Cash Income Tax Paid (Refund)	5,878B	3,976B	8,970B	8,854B	9,242B

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	1.6	1.85	1.81	1.72	1.55
Return On Equity %	21.59	24.44	21.99	18.74	16.73
Return on Common Equity	19.56	22.52	20.27	17.25	15.31
Shareholders Value Added	10,202B	15,646B	15,346B	12,361B	10,193B
Margin Analysis
SG&A Margin	36.8	34.06	32.4	33	34.02
Net Interest Income / Total Revenues %	94.3	90.9	84.93	84.81	84.85
EBT Excl. Non-Recurring Items Margin %	60.91	63.79	65.33	64.65	63.55
Income From Continuing Operations Margin %	48.79	51.08	52.36	51.82	50.82
Net Income Margin %	48.75	51.04	52.32	51.78	50.79
Net Avail. For Common Margin %	44.16	47.03	48.24	47.66	46.49
Normalized Net Income Margin	38.03	39.84	40.8	40.37	39.69
Asset quality
Nonperforming Loans / Total Loans %	0.64	0.68	-	0.96	0.58
Nonperforming Loans / Total Assets %	0.43	0.43	-	0.67	0.4
Nonperforming Assets / Total Assets %	0.43	0.43	-	0.67	0.4
NPAs / Loans and OREO	0.64	0.68	-	0.96	0.58
NPAs / Equity	5.61	5.77	-	7.12	4.31
Allowance for Credit Losses / Net Charge-offs %	-6.95K	2.18K	-	1.94K	740.74
Allowance for Credit Losses / Nonperforming Loans %	424.36	316.86	-	223.31	258.29
Allowance for Credit Losses / Total Loans %	2.7	2.16	2.26	2.15	1.49
Provision for Loan Losses / Net Charge-offs %	-3.15K	833.41	-	206.28	94.68
Capital And Funding
Total Average Common Equity / Total Average Assets %	7.41	7.58	8.22	9.2	9.29
Total Average Equity / Total Average Assets %	7.41	7.58	8.23	9.2	9.29
Total Equity + Allowance for Loan Losses / Total Loans %	14.05	14	15.24	15.68	14.91
Gross Loans / Total Deposits %	77.04	74.23	79.48	79.19	78.49
Net Loans / Total Deposits %	74.96	72.62	77.68	77.49	77.32
Total Capital Ratio %	-	-	-	-	-
Coverage Ratio	71.65	-	-	113.92	151.15
Interbank Ratio	205.69	134.89	157.35	-	162.68
Fixed Charges Coverage
EBT + Interest Expense / Interest Expense	1.97	2.07	1.76	2.1	1.95
Growth Over Prior Year
Net Interest Income, 1 Yr. Growth %	16.85	25.96	0.7	3.34	6.07
Non Interest Income, 1 Yr. Growth %	12.11	3.04	-4.83	-6.27	3.35
Provision For Loan Losses, 1 Yr. Growth %	17.91	-17.55	-51.77	-26.82	-3.7
Total Revenues, 1 Yr. Growth %	15.03	29.73	7.78	3.36	6.02
Earnings From Cont. Operations, 1 Yr. Growth %	18.77	35.89	10.48	2.21	3.97
Net Income, 1 Yr. Growth %	18.79	35.93	10.48	2.21	3.98
Normalized Net Income, 1 Yr. Growth %	18.86	36	10.38	2.2	4.23
Diluted EPS Before Extra, 1 Yr. Growth %	23.88	39.87	14.7	2.01	3.41
Dividend Per Share, 1 Yr. Growth %	-	-	-	-	-
Gross Loans, 1 Yr. Growth %	14.4	19.18	10.94	14.08	15.48
Allowance For Loan Losses, 1 Yr. Growth %	34.99	-3.73	15.76	8.72	-19.91
Net Loans, 1 Yr. Growth %	13.92	19.82	10.84	14.2	16.26
Non Performing Loans, 1 Yr. Growth %	17.05	27.76	-	10.67	-30.75
Non Performing Assets, 1 Yr. Growth %	17.05	27.76	-	10.67	-30.75
Total Assets, 1 Yr. Growth %	6.67	28.19	1.42	13.38	17.09
Total Deposits, 1 Yr Growth %	6.42	23.69	3.62	14.49	16.5
Tangible Book Value, 1 Yr. Growth %	16.59	25.2	22.29	19.19	14.67
Common Equity, 1 Yr. Growth %	15.98	24.25	21.66	18.87	14.47
Total Equity, 1 Yr. Growth %	15.97	24.23	21.65	18.86	14.45
Compound Annual Growth Rate Over Two Years
Net Interest Income, 2 Yr. CAGR %	10.8	21.14	12.63	2.01	4.7
Non Interest Income, 2 Yr. CAGR %	13.35	7.6	-0.98	-5.4	-1.58
Provision For Loan Losses, 2 Yr. CAGR %	33.42	-2.59	-36.94	-40.82	-16.05
Total Revenues, 2 Yr. CAGR %	7.27	22.42	18.25	5.61	4.68
Earnings From Cont. Operations, 2 Yr. CAGR %	8.61	27.27	22.53	6.37	3.09
Net Income, 2 Yr. CAGR %	8.61	27.3	22.55	6.37	3.09
Normalized Net Income, 2 Yr. CAGR %	8.62	27.37	22.52	6.32	3.21
Diluted EPS Before Extra, 2 Yr. CAGR %	10.22	31.11	24.35	8.29	2.71
Dividend Per Share, 2 Yr. CAGR %	-	-	-	-	-
Gross Loans, 2 Yr. CAGR %	14.35	16.77	14.99	12.5	14.78
Allowance For Loan Losses, 2 Yr. CAGR %	59.32	13.48	5.56	12.18	-6.68
Net Loans, 2 Yr. CAGR %	13.59	16.85	15.24	12.51	15.22
Non Performing Loans, 2 Yr. CAGR %	6.77	22.29	-	-	-12.46
Non Performing Assets, 2 Yr. CAGR %	6.77	22.29	-	-	-12.46
Total Assets, 2 Yr. CAGR %	7.56	16.95	14.02	7.24	15.22
Total Deposits, 2 Yr CAGR %	7.02	14.73	13.21	8.92	15.49
Tangible Book Value, 2 Yr. CAGR %	16.1	20.86	23.73	20.75	16.91
Common Equity, 2 Yr. CAGR %	16.11	20.08	22.95	20.28	16.65
Total Equity, 2 Yr. CAGR %	16.1	20.07	22.93	20.27	16.63
Compound Annual Growth Rate Over Three Years
Net Interest Income, 3 Yr. CAGR %	14.28	15.52	13.9	9.44	3.35
Non Interest Income, 3 Yr. CAGR %	9.78	9.89	3.29	-2.66	-2.57
Provision For Loan Losses, 3 Yr. CAGR %	16.71	12.73	-22.94	-33.9	-30.39
Total Revenues, 3 Yr. CAGR %	12.19	14.44	17.33	13.1	5.75
Earnings From Cont. Operations, 3 Yr. CAGR %	14.48	17.17	21.4	15.42	5.57
Net Income, 3 Yr. CAGR %	14.49	17.18	21.42	15.43	5.57
Normalized Net Income, 3 Yr. CAGR %	14.46	17.21	21.43	15.41	5.62
Diluted EPS Before Extra, 3 Yr. CAGR %	17.23	19.02	23.86	16.49	6.64
Dividend Per Share, 3 Yr. CAGR %	-	-	-	-	-
Gross Loans, 3 Yr. CAGR %	14.99	15.94	14.79	14.68	13.48
Allowance For Loan Losses, 3 Yr. CAGR %	36.14	34.28	14.23	6.6	0.26
Net Loans, 3 Yr. CAGR %	14.57	15.64	14.81	14.89	13.74
Non Performing Loans, 3 Yr. CAGR %	-0.55	13.35	-	31.64	-
Non Performing Assets, 3 Yr. CAGR %	-0.55	13.35	-	31.64	-
Total Assets, 3 Yr. CAGR %	9.62	14.05	11.52	13.81	10.42
Total Deposits, 3 Yr CAGR %	8.95	12.31	10.9	13.64	11.39
Tangible Book Value, 3 Yr. CAGR %	20.84	19.08	21.33	22.22	18.69
Common Equity, 3 Yr. CAGR %	20.63	18.79	20.6	21.59	18.31
Total Equity, 3 Yr. CAGR %	20.62	18.77	20.59	21.58	18.3
Compound Annual Growth Rate Over Five Years
Net Interest Income, 5 Yr. CAGR %	18	19.4	13.55	9.91	10.13
Non Interest Income, 5 Yr. CAGR %	17.58	14.68	5.39	3.5	1.38
Provision For Loan Losses, 5 Yr. CAGR %	13.05	8.83	-9.21	-12.89	-20.38
Total Revenues, 5 Yr. CAGR %	19.39	20.35	14.67	10.82	12.12
Earnings From Cont. Operations, 5 Yr. CAGR %	26.05	26.85	17.72	12.73	13.76
Net Income, 5 Yr. CAGR %	26.1	26.88	17.73	12.73	13.78
Normalized Net Income, 5 Yr. CAGR %	26.2	26.98	17.7	12.72	13.83
Diluted EPS Before Extra, 5 Yr. CAGR %	28.68	30.08	19.84	13.76	14.97
Dividend Per Share, 5 Yr. CAGR %	-	-	-	-3.25	-
Gross Loans, 5 Yr. CAGR %	15.83	16.07	14.99	14.55	14.79
Allowance For Loan Losses, 5 Yr. CAGR %	26.29	25.02	22.75	24.96	5.35
Net Loans, 5 Yr. CAGR %	15.6	15.92	14.84	14.38	14.97
Non Performing Loans, 5 Yr. CAGR %	-2.43	4.72	-	21.06	13.08
Non Performing Assets, 5 Yr. CAGR %	-2.43	4.72	-	21.06	13.08
Total Assets, 5 Yr. CAGR %	12.42	11.87	11.36	11.27	12.99
Total Deposits, 5 Yr CAGR %	12.46	10.61	10.64	10.94	12.72
Tangible Book Value, 5 Yr. CAGR %	18.16	21.32	22.01	19.75	19.55
Common Equity, 5 Yr. CAGR %	17.83	20.91	21.57	19.38	19.02
Total Equity, 5 Yr. CAGR %	17.78	20.88	21.56	19.37	19