According to consolidated data from fourth-quarter 2025 financial statements of 30 domestic commercial banks, total assets across the system reached about VND23.5 quadrillion by the end of 2025, an increase of roughly VND4 quadrillion, or more than 20%, compared to the end of 2024.

The figures exclude SCB and four banks under compulsory transfer. Asset data for Agribank and PVCombank were recorded as of September 30, 2025, as their fourth-quarter reports had not yet been published.

BIDV tops VND3 quadrillion

Among the banks, eight have now crossed the VND1 quadrillion threshold in total assets: BIDV, VietinBank, Vietcombank, Agribank, MB, VPBank, Techcombank and ACB.

BIDV leads the system and is the only lender to exceed VND3 quadrillion in total assets. As of December 31, 2025, its total assets reached VND3.26 quadrillion, up more than VND556 trillion, equivalent to a 20% increase year-on-year.

The other three state-owned “Big4” banks - VietinBank, Vietcombank and Agribank - also recorded significant growth, with total assets ranging from VND2.4 quadrillion to VND2.7 quadrillion.

Private banks make strong breakthrough

Military Bank (MB) has consolidated its position just behind the Big4, with total assets exceeding VND1.5 quadrillion, up 43% year-on-year - one of the highest growth rates among large banks.

Notably, VPBank, Techcombank and ACB have joined the “quadrillion-dong club” for the first time.

As of year-end 2025:

VPBank’s total assets reached VND1.17 quadrillion, up 33%.
Techcombank recorded VND1.125 quadrillion, up nearly 20%.
ACB achieved VND1 quadrillion, up 18%.

HDBank, Sacombank and SHB, each with total assets approaching VND900 trillion, are widely expected to soon join the group.

In terms of growth rate, Nam A Bank led the system with a 70% increase in total assets compared to the end of 2024. MB and NCB followed with growth rates of 43% and 38%, respectively.

By absolute increase, BIDV recorded the largest rise in asset value, adding VND556 trillion over the year. MB followed with an increase of VND461 trillion, while VietinBank and Vietcombank added VND375 trillion and VND350 trillion, respectively.

At the other end of the spectrum, Saigonbank posted the lowest asset growth at just over 6% in 2025 and remained the smallest bank by total assets at VND36 trillion.

Credit growth fuels expansion

Loans to customers remain the largest component of banks’ total assets. In 2025, credit growth for the entire economy reached 19.01%, creating favorable conditions for banks to expand balance sheets and set new records.

MB, VPBank, HDBank and Vietcombank were allocated higher credit growth limits after participating in the restructuring of weaker banks. This contributed significantly to their strong asset growth during the year.

With robust credit expansion and continued restructuring in the banking sector, competition within the trillion-dong asset group is expected to intensify in the coming years.

Tuan Nguyen