Vietnam JSCmmercial Bank for Industry and Trade (CTG) - Net Assets
Based on the latest financial reports, Vietnam JSCmmercial Bank for Industry and Trade (CTG) has net assets worth ₫179.64 Trillion VND (≈ $6.83 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₫2767.70 Trillion ≈ $105.16 Billion USD) and total liabilities (₫2588.06 Trillion ≈ $98.33 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Vietnam JSCmmercial Bank for Industry an tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₫179.64 Trillion |
| % of Total Assets | 6.49% |
| Annual Growth Rate | 15.07% |
| 5-Year Change | 91.82% |
| 10-Year Change | N/A |
| Growth Volatility | 4.0 |
Vietnam JSCmmercial Bank for Industry and Trade - Net Assets Trend (2019–2025)
This chart illustrates how Vietnam JSCmmercial Bank for Industry and Trade's net assets have evolved over time, based on quarterly financial data. See CTG defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Vietnam JSCmmercial Bank for Industry and Trade (2019–2025)
The table below shows the annual net assets of Vietnam JSCmmercial Bank for Industry and Trade from 2019 to 2025. For live valuation and market cap data, see CTG stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫179.64 Trillion ≈ $6.83 Billion |
+20.97% |
| 2024-12-31 | ₫148.50 Trillion ≈ $5.64 Billion |
+17.98% |
| 2023-12-31 | ₫125.87 Trillion ≈ $4.78 Billion |
+16.37% |
| 2022-12-31 | ₫108.17 Trillion ≈ $4.11 Billion |
+15.50% |
| 2021-12-31 | ₫93.65 Trillion ≈ $3.56 Billion |
+9.65% |
| 2020-12-31 | ₫85.41 Trillion ≈ $3.25 Billion |
+10.41% |
| 2019-12-31 | ₫77.35 Trillion ≈ $2.94 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Vietnam JSCmmercial Bank for Industry and Trade's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 97.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫58.20 Trillion | 32.62% |
| Other Components | ₫120.23 Trillion | 67.38% |
| Total Equity | ₫178.43 Trillion | 100.00% |
Vietnam JSCmmercial Bank for Industry and Trade Competitors by Market Cap
The table below lists competitors of Vietnam JSCmmercial Bank for Industry and Trade ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Antero Midstream Partners LP
NYSE:AM
|
$10.12 Billion |
|
TTM Technologies Inc
NASDAQ:TTMI
|
$10.12 Billion |
|
PIRAEUS F.HL.ADR NEW 2021
F:BKP0
|
$10.13 Billion |
|
China Eastern Airlines Corp Ltd
SHG:600115
|
$10.16 Billion |
|
Zhangzhou Pientzehuang Pharmaceutical Co Ltd
SHG:600436
|
$10.12 Billion |
|
Yunnan Chuangxin New Material Co Ltd
SHE:002812
|
$10.11 Billion |
|
Chandra Asri Petrochemical Tbk
JK:TPIA
|
$10.11 Billion |
|
Sanlam Ltd
JSE:SLM
|
$10.11 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Vietnam JSCmmercial Bank for Industry and Trade's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 147,533,979,000,000 to 178,434,748,000,000, a change of 30,900,769,000,000 (20.9%).
- Net income of 34,590,657,000,000 contributed positively to equity growth.
- Dividend payments of 2,416,496,000,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫34.59 Trillion | +19.39% |
| Dividends Paid | ₫2.42 Trillion | -1.35% |
| Other Changes | ₫-1.27 Trillion | -0.71% |
| Total Change | ₫- | 20.94% |
Book Value vs Market Value Analysis
This analysis compares Vietnam JSCmmercial Bank for Industry and Trade's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.49x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.15x to 1.49x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | ₫15979.38 | ₫34300.00 | x |
| 2020-12-31 | ₫17648.03 | ₫34300.00 | x |
| 2021-12-31 | ₫19342.40 | ₫34300.00 | x |
| 2022-12-31 | ₫22354.10 | ₫34300.00 | x |
| 2023-12-31 | ₫16095.15 | ₫34300.00 | x |
| 2024-12-31 | ₫18995.04 | ₫34300.00 | x |
| 2025-12-31 | ₫22973.61 | ₫34300.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Vietnam JSCmmercial Bank for Industry and Trade utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 19.39%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 39.04%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 15.51x
- Recent ROE (19.39%) is above the historical average (15.96%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 12.32% | 24.10% | 0.03x | 16.16x | ₫1.78 Trillion |
| 2020 | 16.15% | 31.53% | 0.03x | 15.82x | ₫5.21 Trillion |
| 2021 | 15.16% | 28.13% | 0.03x | 16.48x | ₫4.79 Trillion |
| 2022 | 15.62% | 28.49% | 0.03x | 16.83x | ₫6.03 Trillion |
| 2023 | 15.92% | 30.12% | 0.03x | 16.26x | ₫7.40 Trillion |
| 2024 | 17.18% | 30.25% | 0.04x | 16.17x | ₫10.59 Trillion |
| 2025 | 19.39% | 39.04% | 0.03x | 15.51x | ₫16.75 Trillion |
Industry Comparison
This section compares Vietnam JSCmmercial Bank for Industry and Trade's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $53,142,128,111,111
- Average return on equity (ROE) among peers: 15.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vietnam JSCmmercial Bank for Industry and Trade (CTG) | ₫179.64 Trillion | 12.32% | 14.41x | $10.12 Billion |
| Asia Commercial Bank (ACB) | $44.90 Trillion | 21.39% | 10.75x | $4.29 Billion |
| Joint Stock Commercial Bank for Investment and Development of Vietnam (BID) | $86.33 Trillion | 12.21% | 19.41x | $11.46 Billion |
| Vietnam Export Import Commercial Joint Stock Bank (EIB) | $25.10 Trillion | 13.25% | 8.55x | $1.52 Billion |
| Ho Chi Minh City Development Joint Stock Commercial Bank (HDB) | $38.99 Trillion | 19.87% | 9.68x | $4.80 Billion |
| Lien Viet Post Joint Stock Commercial Bank (LPB) | $14.23 Trillion | 13.08% | 16.03x | $5.32 Billion |
| Military Commercial Joint Stock Bank (MBB) | $62.49 Trillion | 20.32% | 8.72x | $7.71 Billion |
| Sai Gon Ha Noi Commercial Joint Stock Bank (SHB) | $24.04 Trillion | 10.85% | 16.17x | $2.48 Billion |
| Sai Gon Thuong Tin Commercial Joint Stock Bank (STB) | $34.26 Trillion | 9.96% | 14.21x | $5.16 Billion |
| Vietnam Technological And Commercial Joint Stock Bank (TCB) | $147.94 Trillion | 14.55% | 5.62x | $8.47 Billion |
About Vietnam JSCmmercial Bank for Industry and Trade
Vietnam Joint Stock Commercial Bank for Industry and Trade, together with its subsidiaries, provides various banking products and services to individuals, businesses, and organizations in Vietnam and internationally. The company offers deposits and capital accounts; property, car, and consumer loans, as well as loans for production and business; foreign currency trading services comprising FX spo… Read more