VCB’s 1Q25 results

1Q25 PATMI increased slightly by +1.5% QoQ/+1.4% YoY to VND8.7 tn, completing 20% of our 2025E forecast, with this modest growth mostly from reduced provisioning (-50% YoY). Net interest income fell by -2.8% YoY as VCB lowered interest rates to support borrowers.

For the complete report, please access here: VCB_1Q25_Results Highlights

Analyst: Tanh Tran, tanh.tran@yuanta.com.vn