VPBank Climbs 4 Ranks in Fortune Southeast Asia 500

Solidifying a Strong Regional Position

For the second consecutive year, Vietnam Prosperity Joint Stock Commercial Bank (VPBank, HoSE: VPB) stands out as a prominent Vietnamese representative, securing the 87th position in the Fortune Southeast Asia 500 2025 ranking. This list compiles the 500 largest enterprises in Southeast Asia by revenue. Compared to the 2024 ranking, VPBank's 4-spot jump clearly demonstrates the bank's increasing scale, operational effectiveness, and growing regional influence.

This achievement further solidifies VPBank's strong position in the region, alongside major financial institutions in Southeast Asia such as DBS, UOB, OCBC (Singapore), Kasikornbank and Bangkok Bank (Thailand), Maybank (Malaysia), and other prominent domestic banks like Vietcombank, VietinBank, BIDV, and Agribank.

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According to Fortune's methodology, VPBank's revenue in 2024 reached USD 4.17 billion, a 3% increase from 2023. Profit after tax saw remarkable growth, nearing USD 630 million, up 50.4%, attributed to contributions from both the parent bank and its subsidiaries, as well as the strong comeback of FE CREDIT after a comprehensive restructuring phase. Additionally, by the end of 2024, VPBank's total assets reached nearly USD 36.3 billion.

A VPBank representative commented, "VPBank's inclusion in the Fortune Southeast Asia 500 list for the second consecutive year is a testament to our robust financial capacity and effective growth strategy amidst a global economy with many uncertainties. VPBank will continue to enhance its governance framework, complete its ecosystem, and heavily invest in technology to achieve strong growth targets and solidify its position among the largest banks in the market".

A Strong Foundation for Remarkable Growth

With over 30 years of development, VPBank has continuously expanded, becoming one of Vietnam's leading financial institutions consistently contributing to the nation's economic growth. Through a multi-billion dollar capital sale, VPBank is now among the banks with the largest charter capital in Vietnam.

Leveraging its strong capital base, VPBank has expanded its operational network nationwide, building a distinct and comprehensive ecosystem that caters to the diverse needs of over 30 million customers. In early 2025, VPBank welcomed GPBank as a new member, joining existing entities such as consumer finance (FE CREDIT), securities (VPBankS), and non-life insurance (OPES), along with various strategic partners across multiple sectors. At its 2025 Annual General Meeting of Shareholders, the bank also approved plans to add two new members to its ecosystem: a life insurance company and an asset management company.

Despite global economic uncertainties, VPBank recorded a consolidated pre-tax profit of VND 5,015 billion in Q1 2025, a 20% increase year-on-year. The bank's total assets surpassed VND 994,000 billion, approaching the VND 1 quadrillion milestone and reaffirming its leading position among private joint-stock commercial banks.

For 2025, VPBank aims for a profit target of nearly VND 25,300 billion, with credit and deposit growth targets of 25% and 34% respectively. Furthermore, the consolidated total asset target by the end of 2025 is set at VND 1.13 quadrillion, a 23% increase. For the period 2026-2029, the bank targets breakthrough growth of up to 35% annually.

Beyond impressive financial results, VPBank is also committed to its sustainability pledges through well-structured strategies and concrete actions. The bank recently published an independent Sustainable Development Report, benchmarked against the latest international standards. In May 2025, VPBank also set a record by successfully raising USD 1 billion from leading international financial institutions.

In addition to supporting customers on their financial journeys, VPBank also enhances community life experiences through a series of cultural, sports, and entertainment events. Most recently, the bank made a special mark by bringing Asian music icon G-Dragon to perform at the "VPBank K-Star Spark in Vietnam 2025" music festival.

VPBank brings G-Dragon to perform at the mega music festival “VPBank K-Star Spark in Vietnam 2025.<button class="text-token-text-secondary hover:bg-token-bg-secondary rounded-lg" aria-label="Copy" aria-selected="false" data-testid="copy-turn-action-button" data-state="closed"></button><button class="text-token-text-secondary hover:bg-token-bg-secondary rounded-lg" aria-label="Good response" aria-selected="false" data-testid="good-response-turn-action-button" data-state="closed"></button><button class="text-token-text-secondary hover:bg-token-bg-secondary rounded-lg" aria-label="Bad response" aria-selected="false" data-testid="bad-response-turn-action-button" data-state="closed"></button><button class="text-token-text-secondary hover:bg-token-bg-secondary rounded-lg" aria-label="Read aloud" aria-selected="false" data-testid="voice-play-turn-action-button" data-state="closed"></button><button class="text-token-text-secondary hover:bg-token-bg-secondary rounded-lg" aria-label="Edit in canvas" aria-selected="false" data-state="closed"></button><button id="radix-«r2ul»" class="cursor-pointer text-token-text-secondary hover:bg-token-bg-secondary touch:px-2.5 h-[30px] rounded-md px-1.5" type="button" aria-haspopup="menu" aria-expanded="false" data-state="closed"></button><button class="text-token-text-secondary hover:bg-token-bg-secondary rounded-lg" aria-label="Share" aria-selected="false" data-state="closed"></button>

 

 

First launched in 2024, the Fortune Southeast Asia 500 ranking has quickly become a prestigious benchmark for the size and strength of leading enterprises in Southeast Asia. Fortune magazine notes that amidst the shifting manufacturing capabilities from China due to trade tensions and tariffs, Southeast Asia has emerged as a new growth pole in the global economy, asserting its essential role in the global supply chain.

This year's Fortune Southeast Asia 500 list features representatives from 18 sectors and 7 countries (Indonesia, Thailand, Malaysia, Singapore, Vietnam, Philippines, and Cambodia). Notably, Vietnam has 76 representatives, a significant improvement compared to 70 companies in 2024. To qualify for this year's list, Southeast Asian companies needed to achieve a minimum revenue of USD 349 million.

In total, these 500 companies recorded revenues of USD 1.817 trillion, with nearly USD 137 billion in profit after tax and assets totaling USD 6.871 trillion, reflecting Southeast Asia's growing scale and influence in the global economic landscape.