VIB Plans to Reach VND3,400 Billion Profit before Tax

HO CHI MINH CITY, Vietnam, March 13 (Bernama-BUSINESS WIRE ) — Vietnam International Bank (UPCoM:VIB) has just released documents for Annual General Meeting 2019, expected to be organized on March 28.

2019’s VIB plan

VIB has targeted its profit before tax of VND3,400 billion, increasing by 24% year-on-year. Total asset is expected to reach VND182,908 billion and total lending balance amounts to VND136,509 billion. Deposit only from tier 1 market is planned to achieve VND127,198 billion. The bank expects to maintain bad debts at below 2%.

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