LPBank was recognized by VNTAX in the Top 6 private banks contributing the largest budget in Vietnam, after contributing VND 3,298 billion in 2025, more than three times more than in 2021.
Vietnam is aiming for higher growth in the coming period, leading to the need to expand resources for development investment. In that context, budget revenue continues to play an important role so that the State has more room to invest in infrastructure, digital transformation, education, health and new growth drivers.
The Vietnam Largest Taxpayers (VNTAX) ranking system, including VNTAX 200, PRIVATE 100 and STATE 100, was built with the message "Creating national growth resources", to recognize businesses with great contributions to the budget. In the private banking group, LPBank is in the Top 6 units that contribute the most to the budget in Vietnam.
Accordingly, the bank's contribution has increased significantly in the last 5 years. If in 2021, LPBank pays VND 1,038 billion, by 2025, this number will reach VND 3,298 billion, equivalent to more than three times. In 2024 alone, budget payments will increase by nearly 80% compared to the previous year and exceed the VND 3,000 billion mark for the first time, before continuing to maintain above this level in 2025.
According to the bank representative, the number of nearly 3,300 billion VND therefore does not simply represent the business results of a bank. Behind that is the process of accumulating value creation capacity through expanding the scale of operations, improving business efficiency, investing in technology and perfecting management capacity.
As of June 30, LPBank's total consolidated assets reached VND 615,502 billion. Outstanding customer loans reached 429,465 billion VND, an increase of 10% compared to the beginning of the year, while capital mobilized from market 1 reached 432,535 billion VND, an increase of 8% compared to the beginning of the year and 17% compared to the same period last year. The ever-expanding scale helps the unit increase its ability to provide capital to the economy, while creating a foundation for revenue and profit growth.
Along with expanding scale is an improvement in growth quality. In the first 6 months of this year, LPBank recorded 5,973 billion VND in pre-tax profit, total operating income reached more than 11,200 billion VND, while the return on equity (ROE) continued to remain at over 21%, in the high group of the banking system.
Growth is also placed on a foundation of risk management and effective operations. Although credit continues to expand, LPBank still maintains the bad debt ratio below 2%, while ensuring capital safety and liquidity targets according to regulations. This shows that the bank's development strategy is aimed at a balance between scale, efficiency and safety, instead of chasing short-term growth.
The bank representative said that behind the budget contribution is the process of creating value for the economy through millions of financial transactions, hundreds of thousands of loans and capital flows circulated to businesses, business households and people. Each disbursed credit contributes to expanding production, creating jobs, promoting consumption and investment. As businesses develop and the economy grows, banks' operational efficiency also improves, thereby continuing to create more revenue for the state budget. The budget is the final destination of the value chain that LPBank contributes to creating through capital flow connection activities.
Pursuing the retail banking development strategy for many years, LPBank has built a widespread operating network and an increasingly perfect digital ecosystem, serving millions of individual customers, business households and businesses across the country. The above factors are business advantages, helping the unit expand access to financial services to many localities, especially rural areas and class 2 urban areas.
Expanding financial access creates conditions for people and businesses to access capital more conveniently, contributing to promoting production and business activities in many localities. When capital flows are circulated more effectively, the values created in the economy continue to return to the banking system in the form of revenue and profit growth and are then converted into revenue for the state budget.
Besides direct contributions to the budget, LPBank also devotes many resources to social security activities. Over the past many years, the bank has implemented many programs to build charity houses, schools, and medical facilities; awarding scholarships to pupils and students; Support people affected by natural disasters and epidemics. The unit also accompanies many poverty reduction and community development programs in localities across the country. These activities demonstrate a development perspective associated with social responsibility, in which corporate value is not only measured by the size of assets or profits, but also by practical contributions to the community.
LPBank emphasized that nearly VND 3,300 billion paid to the 2025 budget is only a part of the value created by the unit. The greater value lies in the fact that banks are contributing to forming a positive cycle of the economy: capital flows are put into production and business, businesses create value and jobs, units improve operational efficiency, the budget has additional revenue so the State can continue to invest in infrastructure and development programs. That is also the meaning of the message "Creating resources for national growth" that VNTAX is aiming for.
From a commercial bank, LPBank is gradually showing its role not only as a financial institution providing capital for the economy, but also as an enterprise creating resources for the country's development.
