Vietnam Prosperity Joint Stock Commercial Bank (VPB) - Net Assets
Based on the latest financial reports, Vietnam Prosperity Joint Stock Commercial Bank (VPB) has net assets worth ₫180.28 Trillion VND (≈ $6.85 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 (₫1260.15 Trillion ≈ $47.88 Billion USD) and total liabilities (₫1079.87 Trillion ≈ $41.03 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. Read VPB liabilities breakdown for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₫180.28 Trillion |
| % of Total Assets | 14.31% |
| Annual Growth Rate | 27.37% |
| 5-Year Change | 108.95% |
| 10-Year Change | N/A |
| Growth Volatility | 17.89 |
Vietnam Prosperity Joint Stock Commercial Bank - Net Assets Trend (2019–2025)
This chart illustrates how Vietnam Prosperity Joint Stock Commercial Bank's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Vietnam Prosperity Joint Stock Commercia for the complete picture of this company's asset base.
Annual Net Assets for Vietnam Prosperity Joint Stock Commercial Bank (2019–2025)
The table below shows the annual net assets of Vietnam Prosperity Joint Stock Commercial Bank from 2019 to 2025. For live valuation and market cap data, see VPB market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₫180.28 Trillion ≈ $6.85 Billion |
+22.41% |
| 2024-12-31 | ₫147.28 Trillion ≈ $5.60 Billion |
+5.35% |
| 2023-12-31 | ₫139.80 Trillion ≈ $5.31 Billion |
+35.07% |
| 2022-12-31 | ₫103.50 Trillion ≈ $3.93 Billion |
+19.96% |
| 2021-12-31 | ₫86.28 Trillion ≈ $3.28 Billion |
+63.43% |
| 2020-12-31 | ₫52.79 Trillion ≈ $2.01 Billion |
+25.07% |
| 2019-12-31 | ₫42.21 Trillion ≈ $1.60 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Vietnam Prosperity Joint Stock Commercial Bank'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 143.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₫45.97 Trillion | 27.38% |
| Other Components | ₫121.93 Trillion | 72.62% |
| Total Equity | ₫167.90 Trillion | 100.00% |
Vietnam Prosperity Joint Stock Commercial Bank Competitors by Market Cap
The table below lists competitors of Vietnam Prosperity Joint Stock Commercial Bank ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Evonik Industries AG
F:EVK
|
$7.99 Billion |
|
BRENNTAG SE UNSP.ADR/020
F:BNRA
|
$8.01 Billion |
|
Krafton Inc
KO:259960
|
$8.02 Billion |
|
Cinda Securities Co. Ltd. A
SHG:601059
|
$8.02 Billion |
|
Storebrand ASA
OL:STB
|
$7.99 Billion |
|
Full Truck Alliance Co Ltd ADR
NYSE:YMM
|
$7.98 Billion |
|
Deutsche Wohnen SE
F:DWNI
|
$7.98 Billion |
|
SalMar ASA
OL:SALM
|
$7.97 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Vietnam Prosperity Joint Stock Commercial Bank's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 141,904,975,000,000 to 167,903,343,000,000, a change of 25,998,368,000,000 (18.3%).
- Net income of 23,989,930,000,000 contributed positively to equity growth.
- Dividend payments of 3,968,172,000,000 reduced retained earnings.
- New share issuances of 12,618,772,000,000 increased equity.
- Other factors decreased equity by 6,642,162,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₫23.99 Trillion | +14.29% |
| Dividends Paid | ₫3.97 Trillion | -2.36% |
| Share Issuances | ₫12.62 Trillion | +7.52% |
| Other Changes | ₫-6.64 Trillion | -3.96% |
| Total Change | ₫- | 18.32% |
Book Value vs Market Value Analysis
This analysis compares Vietnam Prosperity Joint Stock Commercial Bank'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: 1.25x
- 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 4.39x to 1.25x 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 | ₫6040.68 | ₫26500.00 | x |
| 2020-12-31 | ₫7503.01 | ₫26500.00 | x |
| 2021-12-31 | ₫11753.03 | ₫26500.00 | x |
| 2022-12-31 | ₫14424.95 | ₫26500.00 | x |
| 2023-12-31 | ₫16969.04 | ₫26500.00 | x |
| 2024-12-31 | ₫17885.85 | ₫26500.00 | x |
| 2025-12-31 | ₫21162.71 | ₫26500.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Vietnam Prosperity Joint Stock Commercial Bank 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): 14.29%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 32.04%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 7.51x
- Recent ROE (14.29%) is below the historical average (15.12%), 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 | 19.57% | 23.23% | 0.09x | 8.94x | ₫4.04 Trillion |
| 2020 | 19.73% | 26.44% | 0.09x | 7.94x | ₫5.13 Trillion |
| 2021 | 14.96% | 25.71% | 0.08x | 6.98x | ₫3.88 Trillion |
| 2022 | 18.76% | 31.24% | 0.09x | 6.52x | ₫8.48 Trillion |
| 2023 | 7.41% | 19.91% | 0.06x | 6.07x | ₫-3.49 Trillion |
| 2024 | 11.12% | 25.22% | 0.07x | 6.51x | ₫1.59 Trillion |
| 2025 | 14.29% | 32.04% | 0.06x | 7.51x | ₫7.20 Trillion |
Industry Comparison
This section compares Vietnam Prosperity Joint Stock Commercial Bank's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $58,244,888,200,000
- Average return on equity (ROE) among peers: 16.95%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vietnam Prosperity Joint Stock Commercial Bank (VPB) | ₫180.28 Trillion | 19.57% | 5.99x | $7.99 Billion |
| Asia Commercial Bank (ACB) | $27.77 Trillion | 21.65% | 12.81x | $4.59 Billion |
| Joint Stock Commercial Bank for Investment and Development of Vietnam (BID) | $104.19 Trillion | 17.43% | 19.35x | $10.70 Billion |
| Vietnam JSCmmercial Bank for Industry and Trade (CTG) | $93.65 Trillion | 15.04% | 15.35x | $10.31 Billion |
| Vietnam Export Import Commercial Joint Stock Bank (EIB) | $22.44 Trillion | 9.65% | 7.97x | $1.54 Billion |
| Ho Chi Minh City Development Joint Stock Commercial Bank (HDB) | $30.79 Trillion | 19.66% | 11.17x | $5.06 Billion |
| Lien Viet Post Joint Stock Commercial Bank (LPB) | $43.34 Trillion | 22.43% | 10.73x | $5.37 Billion |
| Military Commercial Joint Stock Bank (MBB) | $62.49 Trillion | 20.32% | 8.72x | $7.97 Billion |
| Sai Gon Ha Noi Commercial Joint Stock Bank (SHB) | $50.10 Trillion | 14.62% | 11.59x | $2.58 Billion |
| Sai Gon Thuong Tin Commercial Joint Stock Bank (STB) | $34.26 Trillion | 9.96% | 14.21x | $4.83 Billion |
| Vietnam Technological And Commercial Joint Stock Bank (TCB) | $113.42 Trillion | 18.70% | 5.16x | $9.11 Billion |
About Vietnam Prosperity Joint Stock Commercial Bank
Vietnam Prosperity Joint Stock Commercial Bank provides various banking products and services to organizations and individuals in Vietnam. It operates through Banking and Credit Granting, Finance Company, Asset and Liabilities Management, Securities, and Insurance segments. The company offers deposit products, including current and savings accounts; term and demand deposits; loans, including unse… Read more