This is an indicator that Vietcombank will reach and exceed its profit target for the whole year 2021. Previously, Vietcombank pre-tax profit in 2020 reached more than 23 trillion dong, equivalent to 2019 and reached 116.3% of the plan assigned by shareholders. Market capitalization by the end of 2020 reaches 15.7 billion USD and by April 22nd is over 16.4 billion USD – leading the industry. Expectedly, in 2021, the bank sets a target of 11% consolidated pre-tax profit (estimated at 25,585 billion dong), and separate pre-tax profit of 25,000 billion dong. Total assets are targeted to increase by 5%, capital mobilization from the economy increases by 7%, credit increases by 10.5%, and bad debt ratio is below 1%. In addition, the bank also plans to pay 2021 dividends at a rate of 8%. Mr. Nghiem Xuan Thanh, chairman of Vietcombank, said that the bank has set a strategic goal of 2 billion USD profit by 2025, of which the retail segment will contribute 50%, regardless of the Covid-19 epidemic affecting economy in general. Vietcombank also plans to increase its capital by more than 13 trillion dong to over 50 trillion dong by issuing shares to pay dividends from the remaining profit in 2019 and issuing separate shares with a scale of 6.5. % charter capital for up to 99 investors. Strategic partner Mizuho Bank will buy about 46.1 million additional shares to keep a minimum ownership rate of 15%. The bank continues to make great profits. Currently, Vietcombank is the bank with the highest new credit in the system. Therefore, if the capital is not raised, Vietcombank will not ensure the capital adequacy ratio as prescribed and this will affect the bank’s ability to provide credit to the economy, affecting its operational efficiency. In 2021, VCB expects that its total assets growth for the whole year will reach 5%, capital mobilization will increase 7% and credit growth will reach 10.5%. In the first quarter of 2021, many banks recorded high profit results and also set high targets for the year. VIB Q1 profit before tax increased 68% to more than 1.8 trillion dong thanks to the growth in scale and quality of the asset summary sheet, along with diversifying income sources. non-credit. ROE is 31%, highest in the industry. Also in the first quarter, Ho Chi Minh City Development Joint Stock Commercial Bank – HDBank (HDB) of billionaire female billionaire Nguyen Thi Phuong Thao recorded pre-tax profit of over 2.1 trillion dong, up 88% year-on-year. . During this year’s congress season, many banks have set out very impressive profit growth plans. Tien Phong Commercial Joint Stock Bank (TPBank) of Mr. Do Minh Phu is expected to grow 32% of its profit before tax this year compared to 2020, equivalent to about VND 5,800 billion. Saigon Hanoi Commercial Joint Stock Bank (SHB) of Mr. Do Quang Hien approved the highest 2021 profit plan to increase 88% to 6,100 billion if the bank completes raising capital in the third quarter. Viet Capital Commercial Joint Stock Bank – Viet Capital Bank (BVB) aims to grow 44% of its profit in 2021 thanks to its strategy of promoting retail sales, increasing bad debt collection, expanding network of operations … On the stock market, bank shares have risen sharply. From the beginning of this year to the end of the third week of April 2021, many Vietnamese banking stocks have had a very high growth rate of over 50%. The average increase in the banking sector’s share price was 15%, higher than the 10% increase in the number of VN-Index. The dominance of bank share prices is driving the entire stock market. It is forecasted that the profit of listed banks will grow 25-30% this year will be the main driving force to make bank shares more exciting. On the stock market (stock market), the VN-Index recovered to close to the threshold of 1,250 points. Closing the session on April 23, the VN-Index increased by 20.71 points to 1,248.53 points; The HNX-Index fell 3.4 points to 283,634 points. Upcom-Index increased 0.65 points to 80.4 points. Liquidity reached 23.3 trillion VND.

Speaking at the meeting, Mr. Nghiem Xuan Thanh – Chairman of Vietcombank – said that the bank’s management board will submit to shareholders a specific business plan for 2021 along with the plan to increase charter capital to over VND 50,000 billion. is expected to increase through 2 times with a total increase of more than 13,300 billion. Specifically, in phase 1, Vietcombank will increase its charter capital from VND 37,088 billion to VND 47,325 billion by issuing more than 1 billion shares from the remaining undistributed after-tax profit after dividends in 2019 (billion 8% in cash). Implementation period in 2021. Vietcombank plans to increase its capital through 2 shares issuance Phase 2, Vietcombank will issue private shares with a scale equivalent to 6.5% of charter capital at the time of offering. Expected additional capital increase phase 2 is more than 3,076 billion. After the issuance, the bank’s chartered capital will increase to VND 50,401 billion. Offering subjects are institutional investors with financial potential, which may include one or several existing shareholders. During the private offering, Vietcombank plans to issue at least 46 million shares to strategic partner Mizuho Japan to keep its ownership rate at least 15% and issue more to other investors. Shares will be issued to a maximum of 99 investors. The issue price is not lower than the valuation of the valuation organization and arithmetic average of the closing price of 10 trading sessions on HoSE, immediately preceding the date the investor announced the purchase. The execution period will be in 2021 and will continue in the following year if not completed. Vietcombank’s new capital raising plan is 9% higher than its 2020 plan and 36% higher than its current charter capital. In addition, at this morning’s shareholders meeting, Vietcombank also plans to use all remaining profits after tax, deducting funds for 2020 to pay dividends. However, the specific plan needs to wait for the State Bank’s official opinion. In 2021, Vietcombank sets a target of 5% increase in total assets, 10.5% increase in credit balance and 7% increase in mobilization. According to the plan, the target consolidated profit before tax of Viecombank will increase 11% to VND 25,600 billion. NPL ratio less than 1%. HA Mr. Pham Quang Dung: Twice appointed General Director of Vietcombank

At the General Meeting of Shareholders in 2021, the leader of VietinBank said, continuing to solve difficulties for businesses affected by natural disasters, epidemic COVID-19.

The results are positive

Information from the State Bank showed that: The credit flow is mainly focusing on production areas, priority areas, for example credit growth in agriculture, forestry and fisheries reached 2.42%; industry 3.04% … Credit in securities in the first quarter of 2021 reached VND 45,300 billion, down 1% compared to the end of 2020; credit in real estate reached 1.85 million billion, up 3%.

Credit growth is also evident in the business results of some banks. At the 2021 Annual General Meeting of Shareholders (AGM) of VietinBank that took place on the morning of April 16, Mr. Le Duc Tho – Member of the Party Central Committee, Chairman of VietinBank’s Board of Directors said: Quarter I / 2021, the safety and operational efficiency indicators of VietinBank are much better than the same period last year, of which the main operating income categories all grew by over 25% over the same period last year. 2020, operating costs will be managed effectively, cost-to-income (CIR) ratio will be maintained at a reasonable level; Asset quality is well managed, NPL ratio is managed below 1%.

With credit growth in the first quarter of 2021 reaching 3.69%, Vietcombank continued to lead the credit growth system. Vietcombank is assigned a credit growth limit of 10.5% in 2021. According to Mr. Nghiem Xuan Thanh, Member of the Central Committee of the Party, Chairman of the Board of Directors (BOM) of Vietcombank, the State Bank assigns a high credit target to Vietcombank based on many factors: ability to increase credit; capital is mainly poured into priority areas; low bad debt; Loan to deposit ratio (LDR) of the bank is only 71% while most other banks are over 90%. “With the result of credit increase in the first quarter of 2021, if the State Bank adjusts its growth target, Vietcombank can increase credit by 14% in this year 2021”, said Mr. Nghiem Xuan Thanh.

Representatives of LienVietPost on the morning of April 16 said: In the first quarter of 2021, Lien Viet Post Bank (stock code LPB) had a pre-tax profit of 1.112 billion dong, nearly doubling the same period last year. By the end of March 31, 2021, LienVietPostBank’s total assets reached more than 245,200 billion, an increase of over 20% over the same period last year. Capital mobilization from economic organizations and individuals continued to grow well, reaching nearly 206,300 billion VND. Market 1 outstanding loans reached over VND 183,100 billion, an increase of more than VND 6,100 billion compared to the end of 2020. Notably, the proportion of retail growth in credit growth in the first quarter of 2021 was more than 80%, shows the bank’s consistent orientation towards the retail segment.

On the HoSE stock exchange, stock LPB was in the group of stocks with the highest market price growth in the first quarter of 2021, up nearly 40%, from 12,400 VND / share in the trading session on December 31. / 2020 to 17,350 VND / share in the session on 31/03/2021. And currently reaching the price of nearly 19,000 VND / share. According to the plan on April 29, LienVietPostBank will hold an annual shareholder meeting, it is expected that this year, the bank will set a pre-tax profit target of 3,200 billion dong. Thus, with the results of the first quarter of 2021 reaching VND 1,112 billion, LienVietPostBank has completed about 35% of the profit target in this year’s business plan.

“The COVID-19 epidemic that broke out in some localities across the country continued to negatively impact production and business, especially the accommodation, catering, transportation and tourism industries; the consumption of agricultural products in some localities in epidemic areas has many difficulties …, affecting production and business, revenue and cash flow to repay debts of customers, thereby affecting bank credit activities ” , Mr. Nguyen Tuan Anh, Director of Credit Department for Economic Sectors (SBV).

In the difficult context of the economy, credit institutions (CIs) have implemented solutions to support people and businesses to overcome difficulties caused by the COVID-19 epidemic, by the end of March. / 2021 has restructured the repayment term for nearly 263 thousand customers with outstanding loans of more than VND 353 trillion; interest rate exemption, reduction and reduction for more than 660 thousand customers with outstanding debt balance of over VND 1.27 million. In particular, credit institutions have provided new loans with lower interest rates than before, with accumulated sales from January 23, 2020 up to now reaching over VND 3 million billion to over 452 thousand customers.

Maintain growth, support businesses

According to Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong, positive information on the first quarter business index of the banking system is the basis for forecasting credit growth this year will reach about 12%. This number will also be adjusted to suit the actual situation.

According to Dr. Vo Tri Thanh, a member of the National Financial and Monetary Policy Advisory Council, said that at present, the State Bank still operates a credit policy based on the total credit growth, but is flexible in the face of developments. try to both contribute to the economic recovery process but also have to be skillful so as not to cause “break-up” in the macro. “The credit growth rate in recent years has been slower, but the growth rate is not low compared to the previous years. The scale of credit balance / GDP is getting bigger and bigger (currently about 140%), so it is reasonable for the credit control to increase at 12% in 2021. If the economy recovers well, the credit for the whole economy can increase by 11-13% this year and is expected to grow stronger from the second quarter, “said Dr. Can Van Luc, economist. BIDV’s chief forecasted.

“VietinBank continues to proactively implement solutions to balance capital effectively, reduce capital costs to create resources to continue strongly implementing preferential policies, reducing lending interest rates and service fees, maintain the level of lending interest rates and service fees at the lowest and most reasonable level, support and accompany people and businesses affected by the COVID-19 epidemic, ”said Mr. Le Duc Tho.

Outstanding loans of VietinBank in 2021 are expected to grow by 7.5%, complying with the credit limit approved by the State Bank; capital mobilized from economic entities and individuals grew by 8-12%, adjusted in accordance with credit growth, and ensured prudential ratios as prescribed by the State Bank of Vietnam. NPL / credit balance is controlled below 1.5%.

From now to the end of the year, VietinBank continues to grow strongly in business activities, accompanied by dramatic improvements in quality and efficiency; implementing appropriate credit growth solutions while balancing effective capital sources; improving the quality of risk management, quality of growth, effectiveness and efficiency of internal control inspection; accelerating debt collection, handling risks, bad debts, improving asset quality. “Continuing to implement solutions to help remove difficulties for customers affected by natural disasters and epidemics, especially the COVID-19 epidemic under the direction of the Government and the State Bank of Vietnam,” said Mr. Le Duc Tho. .