The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) posted the highest pre-tax profits among Vietnamese banks in the first six months of 2019, raking in more than 11.04 trillion VND (474.7 million USD), up 43.1 percent on-year.
A Vietcombank transaction office (Photo: Vietcombank)
Hanoi (VNA) – The Joint StockCommercial Bank for Foreign Trade of Vietnam (Vietcombank) posted the highestpre-tax profits among Vietnamese banks in the first six months of 2019, rakingin more than 11.04 trillion VND (474.7 million USD), up 43.1 percent on-year.
The figure helped Vietcombank become thefirst bank in Vietnam to record pre-tax profits exceeding 10 trillion VND inthe first half of a year.
During the period, the Vietnam Technologicaland Commercial Joint Stock Bank (Techcombank) obtained second place with 5.66trillion VND in pre-tax profits, an annual increase of 19 percent.
The Military Bank (MB) and Asia Joint StockCommercial Bank (ACB) followed closely with more than 4.3 trillion VND and 3.62trillion VND, respectively.
The figures for the Vietnam InternationalBank (VIB) and Tien Phong Commercial Joint Stock Bank (TPBank) were over 1.8and 1.6 trillion VND, both representing an annual growth of 58 percent.
Meanwhile, the Sai Gon Thuong Tin CommercialJoint Stock Bank (Sacombank) and Lien Viet Post Joint Stock Commercial Bank(LienVietPostBank) ended their first half with pre-tax profits of nearly 1.5trillion VND and some 1.1 trillion VND, respectively.
The Vietnam Joint Stock Commercial Bank forIndustry and Trade (VietinBank) and Bank for Investment and Development ofVietnam (BIDV) have yet to unveil their figures.-VNA
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A Vietcombank transaction office (Photo: Vietcombank) 
