Banks recorded a sharp rebound in financial performance during the fourth quarter of last year compared with the same period in 2024, driving spectacular profit growth in all of 2025. What were the key forces behind such impressive results? A broad, optimistic picture The 27 banks listed on the bourse posted a combined pre-tax profit of nearly VND97.3 trillion in the fourth quarter of 2025, marking a 20% year-on-year increase, according to statistics. For the full year, these lenders generated more than VND356.5 trillion in profit, up over 19% from 2024. This performance positioned banking as one of the leading sectors in profit growth, with several institutions achieving exceptional expansion rates. Techcombank’s pre-tax profit in the fourth quarter of last year nearly doubled from the same period in 2024, reaching around VND9.15 trillion—its highest quarterly profit on record. Consequently, the bank’s consolidated pre-tax profit for 2025 surpassed the VND30-trillion mark, coming in at over VND32.53 trillion, an 18% increase from the previous year. The largest driver of its Q4 performance was net interest income, which rose 25% year-on-year to more than VND10.78 trillion. Although interest expenses surged nearly 30% to about VND8.37 trillion—driven by larger capital mobilization and rising deposit […]