The event was chaired by Mr. Do Viet Hung, Member of the Board of Directors, joined by the Chief Economist and representatives from the Investor Relations team. The event attracted the participation of nearly 100 investors, financial institutions, and media representatives, against a backdrop of heightened market attention to Vietnam's economic outlook and the banking sector over 2026 and the medium-to-long term.

VCB representatives engaging online with investors on Q1 2026 business results

VCB's representatives presented an overview of Vietnam's macroeconomic landscape and its implications for the financial and banking system. Building on that foundation, key operating metrics were analyzed to highlight the Bank's solid financial base, business performance, and prudent risk management capabilities.

Vietnam's economy delivered a strong start to 2026. GDP expanded by 7.83% year-on-year in Q1, surpassing the 7.07% recorded in Q1 2025. This marks the highest Q1 growth rate in nine years, underpinned by manufacturing output growth of 9.73%, robust public investment disbursement, and a sustained recovery in the services sector driven by Lunar New Year consumption and international visitor arrivals of 6.76 million.

That said, VCB is monitoring external risk factors with appropriate caution. Escalating tensions in the Middle East — in particular the risk of disruption to energy supply chains — have pushed transport and input costs higher. In addition, geopolitical instability and elevated import demand continue to generate exchange rate volatility, a risk factor VCB is tracking closely in the management of its foreign currency portfolio.

Against this backdrop, VCB's Q1 2026 results reflect a quarter of disciplined, quality-led growth — one in which VCB made the deliberate choice to significantly strengthen its provisioning buffer ahead of potential external headwinds, while maintaining asset quality metrics that lead the entire system.

Pre-tax profit reached VND 11,803 billion, up approximately 9% year-on-year. The NPL ratio as of March 31, 2026 stood at 0.99%, the lowest among all 22 listed banks in Vietnam and well below the system average of 2.49%. The loan-loss coverage ratio stands at approximately 178%, the highest in the system. These Q1 results reflect a consistent pattern: industry-leading profitability, the lowest NPL ratio in the system, and the highest loan-loss coverage — outcomes VCB believe are the natural result of applying the same credit discipline across every component of the balance sheet.

Today's results are a testament to the strategic choices VCB has made consistently over many years — in terms of disciplined growth, proactive risk management, and the ability to prepare for uncertainty before it arrives. These are not the results of a single quarter, but of an entire journey.

VCB monitors closely and assesses in full the challenges ahead: margin pressure, system-wide credit quality, and global uncertainty. VCB does not shy away from these challenges — it confronts them from a position of strength, built on the financial and governance foundation the Bank has worked to construct over many years. That foundation is VCB's sustainable competitive advantage and the basis of its long-term positioning.

VCB remains committed to prioritizing shareholder interests through transparency, consistent management, and the continued strengthening of its resilience — while contributing positively to the sustainable development of the broader economy. VCB is grateful for the trust and continued engagement of its investors, and reaffirms its commitment to regular dialogue and active listening in pursuit of long-term value creation.

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