Excluding SCB and the four banks under mandatory restructuring, all 30 commercial banks in Vietnam have released their Q2/2025 financial reports, with total assets reaching approximately 21.226 quadrillion VND (around $845 billion), marking a 9.2% increase since the beginning of the year.

As of June 30, 2025, the consolidated total assets of 30 domestic commercial banks stood at 21.226 quadrillion VND, up 9.2% compared to the start of the year, according to individual financial statements from each bank.

Notably, VPBank became the first private bank to surpass the trillion-VND asset threshold, closing the second quarter with assets of 1.049 quadrillion VND (about $41.75 billion), a surge of over 19%. This growth rate is among the highest in the market, second only to Nam A Bank (28.31%) and NCB (21%).

Two other private banks, Techcombank and ACB, are on the verge of joining the trillion-VND asset club, with total assets of 986 trillion VND ($39.25 billion) and 912 trillion VND ($36.3 billion), respectively. If current growth trends continue, Techcombank is expected to officially surpass the threshold in Q3/2025.

The "Big 5" state-owned commercial banks - BIDV, VietinBank, Agribank, Vietcombank, and MB - maintain their positions as the five largest banks in terms of total assets.

BIDV leads the sector with 2.936 quadrillion VND ($116.83 billion) in total assets as of June 30, up 8.35% since the beginning of the year.

VietinBank follows with 2.581 quadrillion VND ($102.68 billion), rising 9.32%.

As defined in Circular 210/2009/TT-BTC, banks’ key assets include cash, deposits at the State Bank of Vietnam, interbank loans and deposits, customer loans, trading and investment securities, long-term investments, derivatives, and other financial assets.

Agribank ranks third with 2.387 quadrillion VND ($94.99 billion), up 6.95% over the year.

MB, which has recently joined the "Big 5" ranks, achieved impressive growth with a 14.5% increase in total assets in H1/2025, reaching 1.222 quadrillion VND ($48.68 billion), securing the fifth position industry-wide.

Combined, the "Big 4" banks - Agribank, BIDV, VietinBank, and Vietcombank - hold 10.11 quadrillion VND ($402.75 billion), accounting for 47.57% of the total assets among the 30 banks.

Adding MB to the mix, the "Big 5" own 11.33 quadrillion VND ($451.11 billion), equivalent to 53.32% of the sector’s total.

With VPBank included, the "Big 6" account for 12.38 quadrillion VND ($492.56 billion), representing 58.25% of the combined assets of all 30 commercial banks.

Beyond these major players, several other banks have crossed the 500 trillion VND ($19.9 billion) asset mark, including SHB (819 trillion VND), Sacombank (800 trillion VND), HDBank (768 trillion VND), VIB (532 trillion VND), and LPBank (514 trillion VND).

On the lower end, four banks are reporting total assets below 100 trillion VND ($3.98 billion): KienLong Bank (97.95 trillion VND, up 5.9%), BaoViet Bank (90.17 trillion VND, down 0.5%), PGBank (78.55 trillion VND, up 7.58%), and Saigonbank (35.75 trillion VND, up 5.55%).

Due to reductions in investment securities, debt purchases, and deposits at the State Bank, BaoViet Bank was the only one to record a slight drop in total assets in the first half of the year. However, it saw increases in other key indicators such as cash, interbank lending, and customer loans.

Total assets of 30 banks as of June 30, 2025 (in trillion VND)
(Conversion rate used: 1 trillion VND = $39.8 million)

Tuan Nguyen