Joint Stock Commercial Bank for Foreign Trade of Vietnam (VCB) - Net Assets
Based on the latest financial reports, Joint Stock Commercial Bank for Foreign Trade of Vietnam (VCB) has net assets worth ₫234.03 Trillion VND (≈ $8.89 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₫2550.96 Trillion ≈ $96.92 Billion USD) and total liabilities (₫2316.93 Trillion ≈ $88.03 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 Joint Stock Commercial Bank for Foreign (VCB) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₫234.03 Trillion |
| % of Total Assets | 9.17% |
| Annual Growth Rate | 18.55% |
| 5-Year Change | 105.8% |
| 10-Year Change | N/A |
| Growth Volatility | 3.45 |
Joint Stock Commercial Bank for Foreign Trade of Vietnam - Net Assets Trend (2019–2025)
This chart illustrates how Joint Stock Commercial Bank for Foreign Trade of Vietnam's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Joint Stock Commercial Bank for Foreign to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Joint Stock Commercial Bank for Foreign Trade of Vietnam (2019–2025)
The table below shows the annual net assets of Joint Stock Commercial Bank for Foreign Trade of Vietnam from 2019 to 2025. For live valuation and market cap data, see how much is Joint Stock Commercial Bank for Foreign worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫224.56 Trillion ≈ $8.53 Billion |
+14.45% |
| 2024-12-31 | ₫196.21 Trillion ≈ $7.45 Billion |
+18.86% |
| 2023-12-31 | ₫165.08 Trillion ≈ $6.27 Billion |
+21.70% |
| 2022-12-31 | ₫135.65 Trillion ≈ $5.15 Billion |
+24.31% |
| 2021-12-31 | ₫109.12 Trillion ≈ $4.15 Billion |
+15.97% |
| 2020-12-31 | ₫94.09 Trillion ≈ $3.58 Billion |
+16.33% |
| 2019-12-31 | ₫80.88 Trillion ≈ $3.07 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Joint Stock Commercial Bank for Foreign Trade of Vietnam'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 129.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫87.82 Trillion | 39.12% |
| Other Components | ₫136.66 Trillion | 60.88% |
| Total Equity | ₫224.49 Trillion | 100.00% |
Joint Stock Commercial Bank for Foreign Trade of Vietnam Competitors by Market Cap
The table below lists competitors of Joint Stock Commercial Bank for Foreign Trade of Vietnam ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Dupont De Nemours Inc
NYSE:DD
|
$19.66 Billion |
|
Centrais Elétricas Brasileiras S.A. - Eletrobrás
SA:AXIA3
|
$19.67 Billion |
|
Han'S Laser Tech A
SHE:002008
|
$19.68 Billion |
|
NN Group NV
AS:NN
|
$19.68 Billion |
|
Snap-On Inc
NYSE:SNA
|
$19.59 Billion |
|
Banco Santander (Brasil) S.A.
SA:SANB11
|
$19.58 Billion |
|
Helvetia Holding AG
SW:HELN
|
$19.58 Billion |
|
Incyte Corporation
NASDAQ:INCY
|
$19.57 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Joint Stock Commercial Bank for Foreign Trade of Vietnam's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 196,112,907,000,000 to 224,487,205,000,000, a change of 28,374,298,000,000 (14.5%).
- Net income of 35,177,663,000,000 contributed positively to equity growth.
- Dividend payments of 3,776,798,000,000 reduced retained earnings.
- Other factors decreased equity by 3,026,567,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫35.18 Trillion | +15.67% |
| Dividends Paid | ₫3.78 Trillion | -1.68% |
| Other Changes | ₫-3.03 Trillion | -1.35% |
| Total Change | ₫- | 14.47% |
Book Value vs Market Value Analysis
This analysis compares Joint Stock Commercial Bank for Foreign Trade of Vietnam'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: 2.30x
- 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 4.28x to 2.30x 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 | ₫14456.59 | ₫61900.00 | x |
| 2020-12-31 | ₫16820.19 | ₫61900.00 | x |
| 2021-12-31 | ₫19507.61 | ₫61900.00 | x |
| 2022-12-31 | ₫24253.93 | ₫61900.00 | x |
| 2023-12-31 | ₫19745.40 | ₫61900.00 | x |
| 2024-12-31 | ₫23470.58 | ₫61900.00 | x |
| 2025-12-31 | ₫26866.44 | ₫61900.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Joint Stock Commercial Bank for Foreign Trade of Vietnam 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): 15.67%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 50.94%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 10.88x
- Recent ROE (15.67%) is below the historical average (19.67%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 22.91% | 40.20% | 0.04x | 15.13x | ₫10.43 Trillion |
| 2020 | 19.63% | 39.20% | 0.04x | 14.11x | ₫9.05 Trillion |
| 2021 | 20.10% | 40.00% | 0.04x | 12.98x | ₫11.02 Trillion |
| 2022 | 22.06% | 45.11% | 0.04x | 13.38x | ₫16.34 Trillion |
| 2023 | 20.06% | 49.50% | 0.04x | 11.15x | ₫16.60 Trillion |
| 2024 | 17.25% | 48.72% | 0.03x | 10.64x | ₫14.22 Trillion |
| 2025 | 15.67% | 50.94% | 0.03x | 10.88x | ₫12.73 Trillion |
Industry Comparison
This section compares Joint Stock Commercial Bank for Foreign Trade of Vietnam's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $70,088,669,400,000
- Average return on equity (ROE) among peers: 14.53%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Joint Stock Commercial Bank for Foreign Trade of Vietnam (VCB) | ₫234.03 Trillion | 22.91% | 9.90x | $19.65 Billion |
| Asia Commercial Bank (ACB) | $83.46 Trillion | 20.12% | 9.35x | $5.07 Billion |
| Joint Stock Commercial Bank for Investment and Development of Vietnam (BID) | $77.65 Trillion | 10.78% | 18.19x | $11.18 Billion |
| Vietnam JSCmmercial Bank for Industry and Trade (CTG) | $148.50 Trillion | 17.07% | 15.06x | $10.02 Billion |
| Vietnam Export Import Commercial Joint Stock Bank (EIB) | $17.78 Trillion | 5.43% | 8.32x | $1.49 Billion |
| Ho Chi Minh City Development Joint Stock Commercial Bank (HDB) | $30.79 Trillion | 19.66% | 11.17x | $4.79 Billion |
| Lien Viet Post Joint Stock Commercial Bank (LPB) | $16.80 Trillion | 17.10% | 16.21x | $5.45 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 | $2.45 Billion |
| Sai Gon Thuong Tin Commercial Joint Stock Bank (STB) | $59.87 Trillion | 9.92% | 14.32x | $4.73 Billion |
| Vietnam Technological And Commercial Joint Stock Bank (TCB) | $179.50 Trillion | 14.09% | 5.64x | $8.49 Billion |
About Joint Stock Commercial Bank for Foreign Trade of Vietnam
Joint Stock Commercial Bank for Foreign Trade of Vietnam, together with its subsidiaries, provides banking products and services in Vietnam. The company accepts short, medium, and long-term deposits from organizations and individuals; sale of gold bars; and engages in financial and office leasing, and money remittance activities. It also provides account services; digital banking services; paymen… Read more