- Credit granting;
- Financial service activities include: deposit, cards, international payment, internet banking;
- Consumer Finance Company;
- Retail Banking and SMEs Banking services.
- By 31 December 2017, VPBank owns VND29,695 billion in equity and VND277,752 billion in total asset. In this year, VPBank achieves a pretax profit of VND8,130 billion and reaches the returns on average equity (ROAE) of 27.5%.
- According to Moody’s report released on 11 May 2017, VPB is rated at B2 in the long-term deposit and issuer ratings, and B3 in baseline credit assessment (BCA).
- By 31st December 2017, VPBank has 01 headquarter, 53 branches, 163 transacting offices, 02 subsidiaries, over 8,000 points of sale (POS), and nearly 600 ATM/CDMs.
- Focusing on the growth of the strategic segments, including individual customers, SME, small-traders credit and consumer credit;
- Cooperating with partners which own big client bases to expand the network of customers;
- Restructuring components of products to increase the percentage of high-yielding products;
- Investing and upgrading risk management and debt collection system to control bad debts more effectively;
- Promoting digitalization and automation of banking activities to increase number of transactions through self-service channels, e.g., internet banking, mobile banking, ATM, CDM, to mitigate costs and improve performance;
- Vietnam is implementing the socio-economic development plan in the period 2016-2020 under the context of participation in Asean Economic Community (AEC), Trans-Pacific Partnership Agreement (TPP) and Free Trade Agreements (FTA) with Eurasian Economic Union, Korea and Japan. The integration will create opportunities for the development of Vietnam economy and its banking sector. In addition, the State Bank of Vietnam continues to take measures to restructure banking system in combination with bad debt settlement in the period 2016-2020.
- The Circular No.36/2014/TT-NHNN raises obstacles in the banking system. Specifically, it restrains credit limit, investment in Government Bond, rate in payment capability, rate of shorterm capital for medium and longterm loans. The circumstance requires banks to restructure its asset portfolio to comply with the legal regulations. Such restructuring affects business strategies and performance of banks dramatically. Furthermore, there are difficulties in bad debt resettlement due to lack of outside real financial sources into the banking system. Meanwhile, legal framework for bad debt transaction shows its shortcomings.