#1Vietcombank May 2022 Vietcombank Together for the future#2Table of contents 1. Vietcombank overview 2. Business landscape 3. Key company highlights 4. Growth strategy and targets 5. 1Q22 Results 6. Annexes Vietcombank Together for the future 1#3Vietcombank Together for the future 1. Vietcombank overview 2#4A leading player in Vietnam's banking sector Market position in Vietnam by (¹). #1 Market capitalisation #2 Ownership Capital US$ 62.1 bn #3 Total Assets, Loans and Non-bank Deposits US$ 42.2 bn US$ 49.8 bn #1 PBT US$ 16.7 bn US$ 4.8 bn US$ 1.2 bn 21% market share Universal banking model across a wide range of financial services spanning retail, corporate and financial institutional clients > 600 branches/ transaction offices and ~21,671 employees VCB maintains highest ratings among Vietnamese banks by international credit rating firms Listed on the Ho Chi Minh Stock Exchange ("HOSE") since 2009 Vietcombank #1 Card Settlement Together for the future #1 E-banking 6.6 mn users (2) Vietcombank Together for the future #1 FX US$ 60.6 bn Fitch Moody's S&P #1 International Settlement US$ 102.7 bn Rating BB- Ba3 BB- Outlook Positive Positive Positive ลล Digibank users (1) Position among listed banks as of Dec 2021 (2) 3#5Strong heritage and track record of achievements Corporate milestones Key shareholders Vietcombank 2020 Exclusive Bancassurance partnership with FWD Today Most reputable bank brand name in Vietnam Mizuho; 15,00% Foreign Domestic investor; investor; 8,06% 2,14% 2011 Strategic partnership with Mizuho Bank Ltd. 2007-2008 IPO & became JSCB 1963+ Establishment (SOCB) 2019 Share purchased by Singapore Sovereign Investment Fund GIC 2009 Listed on HCM stock exchange 1990 Changed to Universal Commercial Bank Note: After GIC share purchase Major awards SBV; 74,80% THE ASIAN BANKER Best managed Bank during Covid-19 FINANCE INTERNATIONAL Best Risk Management Bank & Best IR - Banking and Finance in 2021 Forbes #1 Top 25 Financial brand in Vietnam in 2021 YouGov #1 Top Brand in Banking and Insurance rankings 2021 Vietnam THE ASIAN BANKER #28 in 500 Strongest banks in Asia Pacific YANGA, S/S1 CASA” Banker THE ASIAN BANKER in 2021 Ranked #333 among the world's top 1000 banks in 2020 Best Bank in Retails, Credit Cards and Mobile App in Vietnam 2020 Vietcombank Together for the future Note: SOCB refers to State Owned Commercial Bank and JSCB refers to Joint Stock Commercial Bank. 4#6Corporate structure Vietcombank Financial Services Commercial Banking Investment Banking Vietcombank Laos (100%) Vietcombank Together for the future Other Financial Services Non-Financial Services Real Estate Vietcombank Securities (VCBS) (100%) Vietcombank Fund Management (VCBF) (51%) Vietcombank Leasing (VCBL) (100%) Vietnam Finance Co. (Vinafico HK) (100%) VCB Tower 198 (70%) VCB - Bonday- Benthanh (52%) VCB Money (87.5%) Vietcombank Remittance (VCBR) (100%) Domestic Subsidiaries Joint Ventures Foreign Subsidiaries VCB - Bonday (16%) 5#7Experienced management team and BoD with deep industry expertise CEO profile Mr. Pham Quang Dzung, Chairman, has been with VCB since 1994 and has over 20 years of banking and finance experience in Vietnam. Before being appointed the Chairman, he held various positions in VCB, including member of the Board of Directors and CEO. ■Mr. Nguyen Thanh Tung, Deputy Chief Executive Officer in charge of BOM, has a banking career spanning over 20 of banking and finance experience in VCB. Board of Directors Board of Management Pham Quang Dzung Chairman of the BoD Do Viet Hung Member of the BoD Nguyen Thanh Tung Deputy CEO in charge of BOM Pham Manh Thang Deputy CEO Supervisory Board Lai Huu Phuoc Head of Supervisory Board Nguyen Manh Hung Member of the BoD Nguyen My Hao Member of the BoD Yen Hong Quang ** Member of the BoD Truong Gia Binh Member of the BoD Pham Anh Tuan Member of the BoD Shojiro Mizoguchi* Member of the BoD cum Deputy CEO Phung Nguyen Hai Nguyen Thi Kim Oanh Deputy CEO Deputy CEO Le Quang Vinh Deputy CEO Dang Hoai Duc Deputy CEO Dinh Thi Thai Deputy CEO Nguyen Viet Cuong Deputy CEO La Thi Hong Minh Member of Supervisory Board Do Thi Mai Huong Member of Supervisory Board Tran My Hanh Member of Supervisory Board Colin Richard Dinn CIO Tran Thanh Nam COO * Also serves as member of the Board of Management. ** Also serves as Head of Governance and Human Resource Development Group Le Hoang Tung Chief Accountant Vietcombank Together for the future 6#8Vietcombank Together for the future 2. Business landscape 7#9Favorable macroeconomic environment Strong GDP growth (%) GDP growth by sector (%) 5,42 5,98 6,68 6,20 6,80 7,08 7,02 6,00 6,7% 6,8% 7,1% 7,0% 6,0% 6,2% 2,91 2,58 5,4% 2013 2014 2015 2016 2017 2018 2019 2020 Vietnam Thailand Malaysia Indonesia Inflation below government target of 5% since 2014 (YoY increase in consumer price) 6,60% 2,9% 2,6% 2021 2022E 2013 2014 2015 2016 2017 2018 2019 2020 2021 Philippines GDP Construction and Industrial Agriculture, Forestry, Aquaculture Services Steady FDI inflows supporting FX rate (USD bn) 22.520 22.740 22.825 22.425 Well controlled below 5% - Government's target 21.250 21.250 29,7 22,825 23,155 23.145 38,0 28,5 24,4 25,6 4,09% 21,6 22,8 24,3 20,2 3,53% 3,54% 19,1 19.1 20,0 19,7 3,23% 17,5 15,8 2,66% 2,79% 14,5 11,5 12,4 1,84% 0,63% 2013 2014 2015 2016 2017 2018 2019 Vietcombank Together for the future 2020 2021 2013 2014 2015 2016 2017 2018 2019 2020 2021 FDI disbursed FDI registered USD VND rate Source: EIU, IMF, General Statistics Office of Vietnam. 8#10Banking sector overview Overview Large number of banks (~90); of which the 4 biggest banks(*) occupy 45%-50% of deposit, lending and total assets. Industry restructuring plan commencing in 2011 has helped to (i) enhance credit control, (ii) increase the industry financial transparency through reducing cross ownership, (iii) strengthen the liquidity, efficiency and managerial capability of banks through M&A and self-restructuring; and aim to get the sector function in accordance with international norms. ■Strong, double digit growth in credit and deposits High growth potential: Favorable demographics with growing levels of urbanization, young population & rising income. Market share (9M2021, Lending & Deposits 2020) Stability and recovery of the banking sector Stable interest rate environment with healthy credit growth since 2012 40% 35% 30% 58,81% 53,80% 55,54% 76,29% 25% 20% 15% 41,19% 46,20% 44,46% 10% 23,71% 9,19% 9,40% 10,30% 5,18% 5% 0% Total Assets Lending Deposit Charter Capital ■Big 4 Others EVCB Vietcombank Together for the future (*) in terms of total assets 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 NPL Credit growth (%) Interbank rate (ON, year end) 9#11Vietcombank Together for the future 3. Key company highlights 10 10#12Key company highlights 1 Strong brand positioning driving robust deposit growth 2 Growing loan portfolio with increasing retail component 3 Diversified loan portfolio with a focus on high-growth sectors with good credit quality High asset quality and strong capital base Vietcombank 5 Consistently strong profitability and performance Together for the future 8 Leading product platform for trade financing and cross-border business needs 7 Leading platform for credit card services and products Extensive branch/ATM network supported by strong investment in technology Vietcombank Together for the future 11 11#131 Strong brand positioning driving robust deposit growth Customer deposits are the largest source of total funding, accounting for ~80% ■Growing market share (10.4%) on the back of strong nationwide brand recognition and loyalty ■2021 deposit balance: Over VND 1,135 tn, up 10% compared with 2020; recorded 15.2% CAGR between 2014 - 2021 Deposit structure: CASA account for 32%, providing low cost funding to the bank - ~50% corporates & SME and 50% individual - VND-denominated deposits account for ~84% Customer deposit (VND tn) Deposit breakdown by term 1% 2% 2% 2% 2% 2% 3% 3% CAGR (2014-2021): 15.2% 1.135 24% 26% 26% 1.032 28% 28% 28% 30% 32% 928 802 590 501 422 709 75% 73% 73% 70% 70% 69% 67% 64% 2014 2015 2016 2017 2018 2019 2020 2021 2014 2015 2016 2017 2018 2019 2020 2021 ■Term Deposits Current accounts Other deposits Vietcombank Together for the future 12 12#142 Growing loan portfolio with increasing retail component ■Market share ~9.5% ■2021: Total loans: ~VND 961 tn, increased 14% against 2020; recorded 16.8% CAGR between 2014 - 2021 Loan composition - - Growing loan portfolio with a focused approach to increase loans to retail banking Long and medium term loans account for 47% of total loans - · Domestic currency loans account for 88% of total loans ~85% of the total loans are collateralized Total loans (VND tn) Lending breakdown by clients 16% 20% CAGR (2014-2021): 16.8% 25% 961 33% 37% 15% 8% 43% 45% 840 46% 8% 735 8% 632 9% 543 9% 461 8% 9% 388 323 70% 72% 67% 59% 54% 48% 47% 45% 2014 2015 2016 2017 2018 2019 2020 2021 2014 2015 2016 2017 2018 2019 2020 2021 Corporate SME Individual Vietcombank Note: (1) Together for the future Criteria for lending breakdown by clients (corporates vs SMEs) has been amended in 2015 and reflected accordingly ~1.2% of SME loan book in 2016 moved to Corporate category in 2017 13 13#153 Diversified loan portfolio with a focus on high-growth sectors with good credit quality Lending breakdown By sector 38% 42% 46% 45% By loan group 0,6% 0.3% 0,3% 0.4% By term 37,4% 41,1% 43,1% 42,9% 3% 8,4% 455 4% 8% 3% 6,6% 5,1% 4,2% 5% 3% 5% 4% 5% 9% 4% 98,4% 98,9% 99,0% 99,0% 6% 19% 18% 24% 16% 54,2% 52,3% 51,7% 52,9% 26% 24% 21% 21% 2021 2018 2019 2020 2021 Short term Medium term Long term 2018 2019 2020 2021 2018 2019 2020 Others Current Special Mentioned ■Transportation, logistics, communication ■Construction Electricity, gas, water processing & supplying Trading & services Processing, manufacturing Sub-standard Doubtful ■Loss Vietcombank Together for the future 14#164 High asset quality and strong capital base FY ended 31 December Loans to deposits 2014A 2015A 2016A 2017A 2018A 2019A 2020A 2021 76.58% 77.36% 78.04% 76.70% 78.79% 79.14% 81.37% 84.62% Loan loss reserve coverage (Provision/NPL) 94.43% 120.63% 117.12% 130.67% 165.41% 179.5% 368.0% 424.36% NPL ratio 2.31% 1.84% 1.51% 1.14% 0.98% 0.79% 0.62% 0.64% CAR (*) Credit Cost 11.61% 11.04% 11.13% 11.63% 12.14% 9.60% 9.56% 9.47% 1.53% 1.71% 1.51% 1.23% 1.26% 0.99% 1.27% 1.31% Total assets (VND tn) Earning assets breakdown (2021) CAGR (2014-2021): 13.7% Investment in securities; 12,5% Balances with SBV; 1,6% Placements with & loans 1.326 1.415 1.223 VND 1,382tn 1.035 1.074 788 674 577 Loans & advances to customers; 2014 2015 2016 2017 2018 2019 2020 2021 69,5% Vietcombank Together for the future (*) CAR has been calculated in accordance with Circular 41 (Basel 2 standards) since 1 Jan 2019 to other banks; 16,3% 15#175 Consistently strong profitability and performance FY ended 31 December 2014A 2015A 2016A 2017A 2018A 2019A 2020A 2021 Net interest margin 2.40% 2.57% 2.64% 2.66% 2.95% 3.13% 2.92% 3.16% Non-interest income/Operating Income 32.0% 27.1% 25.5% 25.4% 27.67% 24.39% 26.04% 25.26% Pre-Provision Operating Profit/Equity 24.4% 29.2% 32.1% 34.9% 44.74% 41.82% 36.68% 35.20% ROAA 0.88% 0.85% 0.93% 1.00% 1.38% 1.61% 1.45% 1.60% ROAE 11.0% 12.0% 14.7% 18.1% 25.46% 25.88% 21.11% 21.58% Operating income structure (2021) Investment; 0,3% FX; 7,7% Services; 13,1% Vietcombank Together for the future Cost to income ratios 55% Other; 4,2% 50% 45% 40% VND 35% 56,711bn 30% Interest; 74,7% 25% 20% 2015 2016 2017 2018 2019 2020 2021 VCB -CTG =BIDV -TCB MBB VPB 16#186 Leading platform for trade financing and cross-border business needs Leading position in Trade Financing (TF) and International Settlement Market share: ~15.36% in TF International settlement volume (USD bn) - 102,67 78,4 85,4 83 69,4 Solid customer-base include country's top importers & exporters 54 44,7 Extensive correspondent network includes ~2,000 banks all over the world ■Domestic Settlement (VCB Money) - The first and leading e-banking platform in Vietnam 2015 2016 2017 2018 2019 2020 2021 Market share in total international settlement 16,35% 16,65% 16,23% 16,52% - Clearing center in Vietnam for foreign currencies 15,47% 15,36% 15,30% ■FX Transactions and Derivatives · Leader in Vietnam's foreign exchange market 2015 2016 2017 2018 2019 2020 2021 FX transaction volumes - FX profit grows consistently ~10% yoy, contributing ~5-8% of total operating income (USD bn) Vietcombank Together for the future 60,62 51,8 53,55 45,1 46,5 29,5 34,6 2015 2016 2017 2018 2019 2020 2021 17#1900 8 Extensive branch/ATM network supported by strong investment in technology Nationwide coverage and presence... with rapid digitalization process 121 Branches L OR Pay Chuyển tiền. VCB CashUp Contact English Dat ve A trusted partner for integrated solutions of Payment and Cash Management Nộp tiền điện thành máy bay VCB Digibank Vietcombank GÌ TỐT KIỆ E Thanh toàn hoa don Login Welcome to VCB CashUp User ID Terms & Conditions Submit Forgot Password User guides 456 Transaction offices Represents VCB branch Developed a wide range of products and services that are distributed through digital channels VCB Digibank is now the Omni channel to provide customers with seamless banking experience including Bank transfer, QR pay, Top up and bill payment, Card services, Saving and other Financial services, Online shopping from flight ticket, hotel, train, bus to movie ticket etc. E-KYC allows customers to open Vietcombank accounts anywhere within minutes VCB CashUp digitally transforms wholesales banking services with a rich product suite including Digital payments, enhanced Liquidity management, Supply chain finance, Virtual account management, Electronic Cash collection & receivables, Bill payments, Host to host services and other advanced functions such as Information Reporting, Cash flow forecasting etc. ■0 fee scheme to encourage online transactions VCB aims to become the Number 1 Digital bank in Vietnam Vietcombank Together for the future 18#20Vietcombank Together for the future 4. Growth strategy and targets 19#21Strategic plan to 2025, vision to 2030 No. 1 bank in Vietnam, one of the 100 largest banks in Asia, one of the 300 largest banking and financial groups in the world, one of the 1000 largest listed companies in the world and make great contributions to the development of Vietnam No. 1 in Profit and Non-interest income No. 1 in Retail Baking and Investment Banking Vietcombank Together for the future Leading on Digital Banking Leading on Customer Experiences Best risk management and listed on International Stock market Leading on Human resources quality 20 20#22Key financial and operating targets for 2025 SIA Scale Growth Total assets: ~ 14% Total shareholders equity: ~25% Loan growth: ~ 14% Deposit growth: ~ 13% Quality LDR: maintain at 80-85% LLRC: above 100% NPL: < 1.0% CAR: above 12% Vietcombank Together for the future - Profitability Interest income growth: ~ 15% Non-interest income growth: ~19% Cost to income ratio: < 40% ROAA: ~ 1.6% ROAE: ~ 16% 21 21#23Vietcombank Together for the future 5. 1Q22 Results 22 222#241Q22 Highlights Loans Deposits 1,029 tn +7.1% ytd 1,179 tn +3.9% ytd Profit Before Tax (1Q22) 9,950 bn + 15.3% yoy CAR 9.65% NPL ratio 0.8% Vietcombank Together for the future 23 23#25Strong credit growth in line with economic recovery, Asset quality well controlled, CASA remained high Loan YTD growth 872 3,8% 14,4% 1.029 11,5% 9,8% 7,1% Loans grew strongly to ~1,029 tn, ~7.1% growth ytd (vs 3.8% same period last year). . Growth by segment: Corporate (7.6% ytd), Retail (6.6% ytd), SME (4.8% ytd). Asset quality maintained as bank's priority. NPL ratio 0,88% 0,74% 1,16% 10,64% 10,80% • NPL ratio increased to 0.8%, yet well under target. . 1.026 1,9% Deposit YTD growth -0,6% Vietcombank Together for the future 1.179 10,0% 7,4% 3,8% 1Q21 2Q21 3Q21 4Q21 1Q22 Restructured loans under Circular 01 and Circular 03 was ~8 tn, only ~0.8% loan book Deposit increased to 1,179 tn or by ~4% ytd. LDR improved to 87%. • CASA expanded as zero fee scheme took effect, CASA ratio as high as ~33% (+7.3% ytd); VCB continued to possess largest CASA volume in the market 24 24#26Solid profitability results Income Structure 11.976 NII +4.274 +484 -4.509 16.733 -2.274 9.950 NFI Recoveries ΤΟΙ Opex CIR 30,5% 36,7% 137,8% 20,6% 26,9% 8.631 Provisions PBT 9.950 PBT 1Q21 2Q21 3Q21 4Q21 1Q22 Vietcombank Together for the future Numbers in tn VND unless otherwise indicated 1Q22 Total Operating income was 16.7tn, ~6.7% yoy Key driver: interest income (~ 19% yoy), FX income (46% yoy) Fee income down by 21% as an offset for growing CASA 1Q22 Operating expenses was 4.5tn, -5.7% yoy CIR remained low at ~27% 1Q22 PBT was solid at 9.9 tn, +15.3% yoy 25 25#27Key ratios Quality Loans to deposits Loan loss reserve coverage (Provision/NPL) NPL ratio CAR (1) Credit Cost 1Q2020 2Q2020 3Q2020 2020A 1Q2021 2Q2021 3Q2021 2021 1Q2022 80.8% 78.5% 79.9% 81.4% 85.0% 87.7% 84.5% 84.6% 87.2% 235.0% 264.4% 215.1% 368.0% 279.0% 351.8% 242.9% 424.4% 372.6% 0.82% 0.80% 1.01% 0.62% 0.88% 0.74% 1.16% 0.63% 10.2% 10.1% 10.4% 9.6% 10.1% 10.1% 10.1% 9.3% 1.16% 1.07% 1.08% 1.26% 1.06% 1.25% 0.81% 9.65% 1.20% 1.31% 0.91% Profitability Net interest margin 3.17% 1Q2020 2Q2020 3Q2020 4Q2020 2.95% 2.97% 2.92% 3.16% 3.28% 1Q2021 2Q2021 3Q2021 2021 1Q2022 3.17% 3.16% 3.40% Non-interest income / Operating 26.5% 25.7% 25.3% 26.0% 35.7% 25.9% 24.5% 25.3% 28.4% Income ROAA 1.41% ROAE 20.14% Cost to income ratio 40.0% 34.9% 1.46% 20.62% 19.53% 36.4% 1.41% 1.45% 21.11% 2.12% 28.33% 1.65% 21.84% 1.52% 1.60% 2.21% 20.26% 21.58% 28.18% 32.7% 30.5% 33.3% 34.7% 31.0% 26.9% Vietcombank Together for the future 1 CAR has been calculated in accordance with Circular 41 (Basel 2 standards) since 1 Jan 2019 26#28VCB 2022 targets Key targets 2020 2021 2021 growth 2022 Growth Target Total assets 1,326,230 1,414,673 6.67% 8% (VND bn) Credits 845,128 972,580 15.08% Max 15% (VND bn) Deposits and valuable papers 1,053,354 1,152,712 9.43% ~9% (VND bn) PBT 23,050 27,389 19% Min 12% (VND bn) NPL ratio 0.62% 0.63% <1.5% (NPL/Credits) Vietcombank Together for the future 27 27#29Vietcombank Together for the future 6. Annexes 28#30Equity investments overview ■Total investments - VND 5,586 bn (USD 245m) as of 31 Dec 2021 - Wholly Owned Subsidiaries: VCBS, VCBL, VFC, VCB Laos, VCBR JVs and Partnerships: VCBF, Vietcombank Tower, VCB Money (TN Monex), VCB-Bonday-Ben Thanh, etc Equity Investments: MB, PJICO, etc ■ VCBS, VCBF & VCB Investment Management Dept. - core components to upgrade to IB Total investments by type 190 (%) Equity investments 27% JVs & partnership 17% Vietcombank Together for the future Wholly owned 56% Total investments by sectors Real estate, infrastructure; 6% Others; 7% Insurance; 8% Finance & securities; 29% Banking; 50% 29 29#31Historical Balance sheet FY ended 31 Dec (Figures in VND bn) 2017 2018 2019 2020 2021 2022Q1 Cash and cash equivalents 10,103 12,792 13,778 15,095 18,012 14,868 Balances with SBV 93,616 10,846 34,684 33,139 22,507 38,888 Current accounts, deposits and placements with banks 232,973 250,228 249,470 267,970 225,765 194,999 Investments in securities 140,454 152,227 169,429 158,885 173,674 175,251 Loans to customers 543,434 631,867 734,707 839,788 960,750 1,028,900 Provision for credit losses (8,113) (10,294) (10,417) (19,243) (25,976) (31,192) Equity investment Net fixed assets Other assets 3,553 2,476 2,464 2,239 2,346 2,366 6,162 6,527 6,710 8,539 8,626 8,345 13,111 17,357 21,892 19,817 28,969 30,323 Total Assets 1,035,293 1,074,027 1,222,719 1,326,230 1,414,673 1,462,748 Current accounts of banks and payables to SBV 171,385 90,685 92,366 Borrowings from SBV and term deposits from banks 66,942 76,524 Customers deposits 708,520 801,929 73,617 928,451 41,177 103,584 1,032,114 9,468 36,310 109,758 1,135,324 81,278 1,179,669 Derivatives and other financial liabilities 52 5 Valuable papers issued 18,215 21,461 21,384 21,240 17,388 17,380 Debt securities issued and other borrowed funds 23 26 20 15 8 7 Other liabilities 17,651 21,222 25,998 33,954 Total Liabilities 982,735 1,011,847 Chartered capital 35,978 35,978 1,141,836 37,089 1,232,135 37,089 Surplus + Other capital 344 344 5,340 5,340 33,610 1,305,555 37,089 5,340 31,021 1,345,671 47,325 5,340 Reserve funds 7,254 9,446 12,186 14,926 18,173 18,173 Differences in FX and Asset revaluation 178 204 129 5 (5) (10) Retained earnings 8,715 16,139 26,055 36,650 48,434 46,157 Total Shareholders' Equity 52,469 62,110 Minority Interest 89 69 80,800 83 94,010 109,030 116,985 85 87 92 Vietcombank Together for the future Source: VCB Consolidated Financial Statement. 30#32Historical Balance sheet FY ended 31 Dec (Figures in USD m) 2017 2018 2019 2020 2021 2022Q1 Cash and cash equivalents 451 551 595 657 791 643 Balances with SBV 4,175 467 1,497 1,442 988 1,681 Current accounts, deposits and placements with banks 10,389 10,786 10,767 11,658 9,911 8,427 Investments in securities 6,263 6,562 7,312 6,913 7,624 7,573 Loans to customers 24,233 27,236 31,709 36,536 42,175 44,464 Provision for credit losses (362) (444) (450) (837) (1,140) (1,348) Equity investment Net fixed assets Other assets 158 107 106 97 103 102 275 281 290 372 379 361 585 748 945 862 1,272 1,310 Total Assets 46,167 46,294 52,772 57,700 62,102 63,213 Current accounts of banks and payables to SBV 7,643 3,909 3,986 1,791 416 1,569 Borrowings from SBV and term deposits from banks 2,985 3,298 3,177 4,507 4,818 3,512 Customers deposits 31,595 34,566 40,071 44,904 49,839 50,980 Derivatives and other financial liabilities 2 Valuable papers issued 812 925 923 924 763 751 Debt securities issued and other borrowed funds 1 1 1 1 0 0 Other liabilities 787 915 1,122 1,477 1,475 1,341 Total Liabilities 43,823 43,614 49,281 53,606 57,311 58,153 Chartered capital 1,604 1,551 1,601 1,614 1,628 2,045 Surplus + Other capital 15 15 230 232 234 231 Reserve funds 323 407 526 649 798 785 Differences in FX and Asset revaluation 8 9 6 0 (0) (0) Retained earnings Total Shareholders' Equity Minority Interest 389 696 1,125 1,595 2,126 1,995 2,340 2,677 3,487 4,090 4,786 5,056 4 3 4 4 4 4 Vietcombank Together for the future Source: VCB Consolidated Financial Statement. Note: Exchange rate (USD/VND) was taken from the State Bank of Vietnam at the end of period/year 31#33Historical Income statement (Figures in VND bn) FY ended 31 Dec Interest income 2017 2018 2019 2020 2021 2022Q1 46,159 55,864 67,724 69,205 70,749 19,338 Interest expenses (24,221) (27,455) (33,147) (32,920) (28,362) (7,362) Net interest income 21,938 28,409 34,577 36,285 42,387 11,976 Service fee income 5,378 7,022 9,003 10,588 11,287 3,713 Service charges (2,840) (3,620) (4,696) (3,981) (3,879) (1,003) Net fee income 2,538 3,402 4,307 6,607 7,407 2,711 Foreign exchange gain, net 2,042 2,266 3,378 3,906 4,375 1,522 Net gain on securities 457 250 153 2 19 16 Investment income (loss) 332 1,716 245 461 130 24 Other non-interest income 2,100 3,234 3,070 1,800 2,393 484 Non-interest income 7,469 10,870 11,153 12,777 14,324 4,758 Operating income 29,406 39,278 45,730 49,063 56,711 16,733 Operating expenses (11,866) (13,611) (15,818) (16,038) (17,575) (4,509) Operating profit (pre-provision) 17,540 25,667 29,913 33,204 39,136 12,224 Provisions (net of reversals) (6,198) (7,398) (6,790) (9,975) (11,761) (2,274) Profit before taxes 11,341 18,269 23,122 23,050 27,376 9,950 Income tax expense (2,231) (3,647) (4,596) (4,577) (5,447) (1,983) Minority interest (20) (16) (15) (21) (20) (5) Net profit/loss 9,091 14,606 18,511 18,452 21,908 7,962 Vietcombank Together for the future Source: VCB Consolidated Financial Statement. 32 32#34Historical Income statement (Figures in USD m) FY ended 31 Dec Interest income 2017 2018 2019 2020 2021 2022Q1 2,058 2,408 2,915 3,011 3,106 836 Interest expenses (1,080) (1,183) (1,427) (1,432) (1,245) (318) Net interest income 978 1,225 1,488 1,579 1,861 518 Service fee income 240 303 388 461 495 160 Service charges (127) (156) (202) (173) (170) (43) Net fee income 113 147 185 287 325 117 Foreign exchange gain, net 91 98 145 170 192 66 Net gain on securities 20 11 7 0 1 1 Investment income (loss) 15 74 11 20 6 1 Other non-interest income 94 139 132 78 105 21 Non-interest income 333 469 480 556 629 206 Operating income 1,311 1,693 1,969 2,135 2,490 723 Operating expenses (529) (587) (681) (698) (771) (195) Operating profit (pre-provision) 782 1,106 1,288 1,437 1,718 528 Provisions (net of reversals) (276) (319) (292) (434) (516) (98) Profit before taxes 506 787 995 1,003 1,202 430 Income tax expense Minority interest Net profit/loss (99) (157) (198) (199) (239) (86) (1) (1) (1) (1) (1) (0) 405 630 797 803 962 344 Vietcombank Together for the future Source: VCB Consolidated Financial Statement. Note: Exchange rate (USD/VND) was taken from the State Bank of Vietnam at the end of period/year 33#35Important notice: This presentation does not constitute a prospectus or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, or any offer to underwrite or otherwise acquire any shares in VCB or any other securities, nor shall they or any part of them nor the fact of their distribution or communication form the basis of, or be relied on in connection with, any contract, commitment or investment decision in relation thereto. ■Some of the statements contained in this presentation that are not historical facts are statements of future expectations with respect to the financial conditions, results of operations and businesses, and related plans and objectives. Forward looking information is based on management's current views and assumptions including, but not limited to, prevailing economic and market conditions. These statements involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those in the statements as originally made. Such statements are not, and should not be construed as a representation as to future performance of Vietcombank. It should be noted that the actual performance of Vietcombank may vary significantly from such targets. ■This presentation is to provide general [public] information and analysis on Vietcombank for those who qualify as a "professional securities investor" as defined in the Securities Law 2019. Such investors should use information, analysis, comment in this presentation as a reference source only. This presentation and any meeting where this presentation is made are for the purpose of providing information and do not intend to advertise VCB or VCB stock or to advice readers to buy or sell VCB stock or any other securities. No representation or warranty, express or implied, is made concerning, and no reliance should be placed on, the accuracy, fairness, or completeness of this Presentation. Vietcombank takes no responsibility with regard to the accuracy or completeness of any information contained here. Viewpoint and analysis in the report can be changed without notification. ■The presentation is a property of Vietcombank and under copyright protection. Infringement of copy, change and reprint of the report without permission of Vietcombank is illegal. Vietcombank owns the copyright on this documentation. IR Team Mr. Nguyen Viet Anh Mr. Duong Duc Hieu (Charlie) Ms. Nguyen Mai Huong (Jane) Ms. Le Thanh Hang (Lana) Mr. Le Viet Dzung (James) - Tel: +84-24-3 9343137 Ext 1509, Email: [email protected] - Tel: +84-24-3 9343137 Ext 1841, Email: [email protected] - Tel: +84-24-3 9343137 Ext 1517, Email: [email protected] - Tel: +84-24-3 9343137 Ext 1508, Email: [email protected] - - Tel: +84-24-3 9343137 Ext 1993, Email: [email protected] Vietcombank Together for the future 34