Banks dominate top 20 listed firms in H1, 2025

Banks dominate top 20 listed firms in H1, 2025

In the broader top 20, banks accounted for 12 of the most profitable firms.

A transaction office of Vietcombank (VCB) in Hà Nội. Vietcombank is the leading enterprise among the top 20 listed companies with the highest profits in the first half of 2025. — VNA/VNS Photo

The first half of 2025 has revealed an impressive earnings landscape among listed enterprises, marked by the continued dominance of banks and the remarkable rise of select real estate players.

According to data compiled by CafeF.vn, banks continued to assert overwhelming strength in the top 10 pre-tax earners of the period, claiming seven positions alongside three companies under the Vingroup ecosystem. In the broader top 20, banks accounted for 12 of the most profitable firms.

Vietcombank retained its lead, reporting a pre-tax profit of VNĐ21.9 trillion (US$836.26 million), up 5 per cent year-on-year. VietinBank ranked third with a robust 46 per cent surge to VNĐ18.9 trillion. Notably, in Q2 alone, VietinBank posted a pre-tax profit of over VNĐ12 trillion, a staggering 79 per cent increase, surpassing even Vietcombank to become the most profitable bank in the quarter.

SeABank registered the strongest profit growth among banks, soaring 81 per cent. Other major lenders such as BIDV, MB, Techcombank, VPBank, ACB and HDBank also secured top rankings, each earning several trillions of Vietnamese đồng in profits.

A striking development came from Vietnam Exhibition Fair Centre JSC (VEFAC, stock code: VEF), which surged to the second position nationwide with a pre-tax profit of VNĐ19.1 trillion, a massive 8,341 per cent increase.

The firm attributed this record-breaking result primarily to revenue of VNĐ44.5 trillion from partially transferring the Vinhomes Global Gate Project to New Era T&T JSC, following approval by Hà Nội’s People’s Committee on March 12.

Other Vingroup-affiliated firms also reported positive earnings. Vinhomes ranked fifth with a pre-tax profit of VNĐ12.9 trillion, a slight 5 per cent decline. Vingroup (VIC) secured eighth place with VNĐ11 trillion, up 68 per cent year-on-year.

In addition, several leading companies from other sectors also made it into the top 20. PV GAS reported a pre-tax profit of VNĐ9.4 trillion, up 27 per cent. Hòa Phát reached VNĐ8.8 trillion, up 26 per cent, ranking 15th.

Airports Corporation of Việt Nam (ACV) posted VNĐ7 trillion, placing 18th. Vietnam Airlines stood out with a pre-tax profit of VNĐ6.6 trillion, marking a 19 per cent increase and ranking 19th. FPT rounded out the list at 20th with VNĐ6.1 trillion in profit, also up 19 per cent. 

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