HCMC – The Asia Commercial Bank (ticker: ACB) has announced its Q1 business performance, saying it obtained around VND4.6 trillion in pre-tax profit, down by 6% year-on-year.
The pre-tax profit decline was attributable to ACB’s decision to implement low-interest loan programs to support customers and stimulate economic growth.
But the bank maintained a strong return on equity (ROE) of over 20%, making it among the industry’s top performers.
As of the end of the first quarter of 2025, ACB’s total outstanding loans had amounted to VND590 trillion, up by 3.1% year-on-year.
The bank pursued a selective credit growth strategy with strict risk controls, resulting in a slight decrease in its non-performing loan (NPL) ratio to 1.48%.
In 2025, ACB targets pre-tax profit of VND23 trillion, up by 9.5% from last year.
It aims to increase total assets by 14% to an estimated VND985 trillion, while customer deposits and valuable papers are expected to reach VND728.4 trillion. Loans to customers are projected to rise 16% to VND673.6 trillion.
The non-performing loan (NPL) ratio is expected to remain below 2%, compared to 1.49% at the end of 2024.
Closing the trading session today, April 25, ACB fell by 1.04% to VND23,900 per share, with 13.3 million shares changing hands.
With 256 stocks advancing and 220 others declining, the VN-Index of the Hochiminh Stock Exchange (HOSE) gained 5.88 points, or 0.48%, to end at 1,229.23 points.
Trading volume surpassed 798.6 million shares, with a total value of VND17.6 trillion, an increase of more than 8% in volume and 15.2% in value compared to the previous day. Block deals accounted for over 75.7 million shares worth a total of VND1.97 trillion.
VIC shares continued to be the main drivers, contributing nearly 4.2 points to the benchmark VN-Index. The stock closed up by 6.9% at the ceiling price of VND67,000 per share, with a trading volume of 14.78 million shares, despite foreign investors net selling over 2.22 million shares.
Several other large-cap stocks also rebounded strongly, further supporting the VN-Index’s gains toward the end of the session. Notably, VJC rose by 6.2% to its intraday high of VND91,000 per share, while VNM climbed by 3.6% and MSN advanced by 3.5%.
The Hanoi Stock Exchange (HNX) saw 84 gainers and 74 losers, with its index rising 0.65 point, or 0.31%, to 211.72 points. Over 57.1 million shares worth more than VND799 billion were transacted.
