Among 25 banks that have announced H1 business results, none reported losses and some have posted robust profit growth.
State-owned Vietcombank continued to top the chart with a pre-tax profit of VND11.3 trillion ($487.48 million), a 40.9 percent rise and higher than the combined profit of the next two banks.
Techcombank was second with VND5.66 trillion ($241.52 million), a more modest 9 percent increase.
Vietinbank earned the third highest pre-tax profit at VND5.34 trillion ($230.36 million) rising two places from the end lof ast year. Its pre-tax profit grew by one percent after it wrote off bad debts of VND7.5 trillion ($323.55 million), 50 percent higher than in the first half last year.
Some banks have posted high profit growth mainly because of the decrease in risk provisions and the increase in their earnings from currency trading and other financial services.
Vietnam International Bank (VIB) saw its pre-tax profit rise by almost 60 percent to over VND1.8 trillion ($77.65 million), while that of Tien Phong Bank (TPBank) rose 58 percent to VND1.6 trillion ($69 million).
Vietnam has nine wholly-owned foreign banks, four state-owned banks and 31 joint-stock banks.
