On July 26, 2025 in Quang Ninh, Vietnam - Russia Joint Venture Bank (VRB) held the 2025 Credit Conference with the participation of representatives of the Board of Members, the Board of Directors, leaders of branches and business units. Along with reports and lively discussions at the conference, this was an opportunity for VRB to comprehensively assess the credit situation, identify difficulties and obstacles and jointly propose practical solutions.
VRB Credit Conference 2025
Many enthusiastic opinions were presented, covering many areas such as credit, customer development, product and service quality to remove difficulties, promote the strengths of each locality, contributing to promoting and completing business goals.
Recognizing the feedback from the units, concluding the speech and directing the conference, Mr. Doan Minh Tien - General Director of VRB gave an overview, frankly acknowledged the limitations and emphasized the key strategic directions. The General Director requested the entire VRB system to focus on improving "productivity - quality - efficiency" through improving the quality of document processing, adjusting procedures, repositioning products, repositioning targeted customers, expanding customer marketing channels, increasing cross-selling of products and services, strengthening credit support to improve service quality, adapting to market changes.
Mr. Doan Minh Tien - General Director of VRB gives speech at the Conference
In particular, Mr. Doan Minh Tien especially emphasized the mission of increasing technology in products and services, the determination to realize the goal of digitalizing banking activities in accordance with the orientation of the State Bank as well as the requirements of the market, while strengthening governance to help VRB promote its strengths, ensure sustainable development, and continue to carry out its mission of bridging bilateral finance.
Conference on Business Plan Implementation: Marks of Success and Honor
Following the success of the Credit Conference, on the same day, VRB solemnly held the Conference on implementing the business plan for the last 6 months of 2025. This is an important event to summarize the efforts and achievements, and at the same time, to honor outstanding units.
In the first 6 months of 2025, when the business environment was still facing many difficulties and challenges, VRB proactively developed and implemented flexible and timely management solutions in a safe and effective manner. After 6 months, VRB's business results by the end of June 2025 recorded positive results such as:
VRB's business activities are safe and stable, liquidity is guaranteed, capital safety ratios are complied with in difficult market conditions.
The indicators on capital mobilization, outstanding loans at the end of the period achieved positive growth compared to the end of 2024, capital balance is flexibly managed, meeting capital usage needs, increasing business efficiency;
In the context of bad debt balance of the entire banking industry tending to increase, VRB has made efforts to handle bad debt, significantly improving credit quality with bad debt ratio <1.5% and group 2 debt ratio at <1%;
Business performance achieved good growth in the context of difficulties in credit institutions and direct impacts from embargoes, pre-tax profit from business activities increased by 47% compared to the same period last year; Financial indicators ROA, ROE continued to increase compared to the same period last year;
Branches ensured profitable business activities, increased scale, and bad debt ratios were mostly controlled at <2%.
Within the framework of the conference, VRB also announced and awarded emulation titles to units and individuals with outstanding achievements in the first 6 months of the year to properly recognize the contributions and efforts of the units in the overall business results of VRB.
VRB leaders were honored to receive the Medal awarded by the State Bank
In particular, at the conference, Mr. Chumakovskiy Sergey - Chairman of the Board of Members and Mr. Leonid Trifonov - First Deputy General Director were honored to receive the "For the Cause of Vietnamese Banking" Medal awarded by the State Bank of Vietnam for their contributions to the cause of building and developing Vietnamese Banking.
Senior leaders of VRB receive Medal on "For the Cause of Vietnam Banking"
From left to right: Mr. Chumakovskiy Sergey – Chairman of the VRB BOM and Mr. Leonid Trifonov – First Deputy General Director
This is not only a recognition of the personal contributions of VRB leaders to the development of the banking industry, but also affirms the prestige, position and contributions of VRB to the national financial system.
