VPBank and Techcombank Each Post Over VND 1 Trillion in Third-Quarter Pretax Profit
In the third quarter of 2026, VPBank and Techcombank reported consolidated pretax profits of VND 11.031 trillion and VND 10.375 trillion, respectively. Both ranked among Vietnam’s leading private-sector banks by total assets and equity, though their business strategies and credit risk provisions differed.
Consolidated financial reports show that VPBank recorded pretax profit of VND 11.031 trillion in the third quarter of 2026, while Techcombank recorded VND 10.375 trillion. They were the two private-sector banks with pretax profit above VND 10 trillion that quarter. ACB followed with VND 5.879 trillion, while HDBank and SHB each exceeded VND 5 trillion.
VPBank and Techcombank’s profit performance among Vietnam’s private-sector banks.（VietVance）
At the end of September 2026, VPBank’s total assets exceeded VND 1,600 trillion, while Techcombank’s exceeded VND 1,300 trillion. Their equity stood at VND 200.078 trillion and VND 197.325 trillion, respectively, compared with VND 104.013 trillion for ACB. VPBank’s total assets were about VND 631 trillion at the end of 2022, while Techcombank’s were nearly VND 979 trillion at the end of 2024.
VPBank and Techcombank’s total assets and equity.（VietVance）
The two banks have different business priorities. Techcombank focuses on corporate and high-income customers and has expanded into securities and wealth management through TCBS. VPBank serves retail, corporate and consumer finance customers and operates related financial businesses through FE Credit, VPBankS, OPES and GPBank.
VPBank and Techcombank expand their financial businesses beyond banking.（VietVance）
In the first three quarters of 2026, VPBank generated more than VND 65 trillion in total operating income, about 45% more than Techcombank, yet both banks’ pretax profits were close to VND 30 trillion. Credit risk provisions amounted to about 8% of pre-provision profit at Techcombank and more than 42% at VPBank. This difference reflects their distinct income scales and provisioning burdens.
Source: VietVance
