Vietnamese businesses profit billions

2024 continues to be the five overwhelming banks with 6 names among Vietnamese businesses that profit billions of dollars. Despite only 2% compared to 2023, the Bank for Foreign Trade of Vietnam (Vietcombank) still maintains the position of the industry’s profitability with the consolidated profit before tax of 42,236 billion VND, equivalent to about 1.65 billion USD.

Following this giant is the Vietnam Industrial and Commercial Bank (VietinBank), the Bank for Investment and Development of Vietnam (BIDV) profit before tax on 31,758 billion and 31,383 billion VND, nearly 1.25 billion USD. In particular, thanks to the growth rate of more than 27%, VietinBank climbed to the runner -up of the banking profit that BIDV held the previous year.

Military Bank (MB) consolidated interest in taxes of nearly 28,830 billion VND, equivalent to US $ 1.13 billion, up nearly 9.6% compared to 2023. Fifth in the group of banks with an estimated profit increased by more than 8% to 27,800 billion VND, equivalent to nearly 1.1 billion USD.

Vietnam Technology and Technology Bank (Techcombank) also returned to a billion -dollar profit group with a profit of 27,538 billion VND (about 1.08 billion USD), up more than 20% compared to 2023. The record of a billion dollar profit by 2022.

According to Vietcombank’s forecast, the 2025 -year -old profit of the group of banks can grow 12%, while active private banks can increase by 20%.

In addition to banks, businesses participating in the list of Vietnamese businesses profit by dollar dollar last year are still familiar names like the corporation. Petrovietnam, Viettel and Vinhomes.

PetroVietnam has a third consecutive year to record the total revenue of the whole group over 1 million billion dong. The consolidated interest of this business also maintained at over 2.3 billion USD a year.

As a result, PetroVietnam has completed the 5 -year production and business plan (period 2021 – 2025). In the last 4 years, the total revenue of the Group reached more than 3.5 million billion dong, the consolidated interest rate of more than 238,000 billion dong, equivalent to over 9.3 billion USD. At the end of last year, PetroVietnam was also renamed from Vietnam National Oil and Gas Group to the National Energy Industry Group with the task of becoming an energy enterprise in the region and around the world.

2024 is also a record interest of the Military Telecom Industry Group (Viettel) with the first profit before the tax of 51,000 billion VND, equivalent to nearly 2 billion USD, up more than 11% compared to the previous year. The group’s revenue also grew over 10% to VND 190,000 billion.

Viettel said that achieving the above active business results thanks to maintaining domestic telecommunications growth, as well as international business development. At the same time, this business also researches, produces and commercializes high -tech products.

In the context that the real estate market still has many difficulties, Vinhomes continues to be the only enterprise in this industry to maintain a dollar interest rate. Last year, the company of billionaire Pham Nhat Vuong achieved the conversion revenue (including collection from Vinhomes activities and business cooperation contracts) more than VND 141,810 billion, up 13% compared to 2023.

The consolidated profit before tax of this investor is at 40,860 billion dong, the after -tax profit is about 35,052 billion, equivalent to 1.4 billion USD, up 4.5% thanks to the handover of the projects that are being implemented, Especially Royal Island (Vu Yen, Hai Phong).