VPBank announced its 2022 results with key highlights as follows: - Vietnam GDP grew 8.02% in 2022 despite global economic challenges. - VPBank achieved strong credit growth of 30.9% and profit before tax growth of 71.3%. - Non-interest income grew significantly through payment activities and other fee sources. - Asset quality was well-maintained with NPL ratio of 2.19% and loan loss reserves at 74.4%. - Challenges for Vietnam's economic growth in 2023 are expected due to global slowdown pressures.

1. 2022 RESULTS
ANNOUNCEMENT
Feb 2023
1

2. CONTENT
1 Operating Environment & Business Highlights
3
Review of FY2022 Results
Business Outlook
2
2

3. Operating Environment
& Business Highlights
3

4. Operating environment
ECONOMIC GROWTH
20.0 19.7 22.4
28.5 31.2 27.7
FY20 FY21 FY22
FDI disbursement Registered FDI capital
FDI
• Disbursement of FDI in 2022 was around , up 13.5% YoY,
with Singapore as the biggest investor. Major FDI projects in 2022
includes: Nghi Son 2 BOT Thermal Power Plant Project (USD 2.8 bn), Lego (USD 1 bn),
Samsung Thai Nguyen (USD 920 mn), etc.
• Amid slowdown of global economic outlook and high interest rate environment, foreign
investors tend to be cautious in deploying new projects, causing registered FDI capital to
decrease during 2022.
Source: GSO
4
7.08% 7.02%
2.91% 2.58%
8.02%
FY18 FY19 FY20 FY21 FY22
GDP Growth
over years (yoy)
• Vietnam GDP grew by in 2022, the , backed by strong
domestic retail sales and exports. The growth beats government’s initial full-year target of 6%-
6.5%
Vietnam’s economy made a great comeback in 2022 after 2 year curtailed by Covid-19, becoming one of the fastest growing economies
in Asia, though stay cautious on the road ahead.
61%
16%
17% Manufacturing
Real estate
Others
EXPORT-IMPORT
283
337 372
263
333
361
FY20 FY21 FY22
Import Export
733
669
545
• Vietnam reported a trade surplus of in 2022, , nearly
than 2021.
• Export continued a positive trend, reaching in 2022,
8.02%
3.36%
7.78%
9.99%
GDP Agriculture,
forestry &
fishing
Industry &
construction
Services
Tourism & Travelling
services
271.5% YoY
Foreign visitors
23.3 times
Trade Surplus
USD 11.2 Bn
Main Export Partner
USA: USD 109.1 Bn
Main Import Partner
China: USD 119.3 Bn
Retail sales
19.8% YoY
GDP Growth
By sector (yoy)
Avg. CPI
Country
FX Rate Depreciation
(YoY)
Vietnam -3.59%
Other ASEAN countries -5% - -8%
Source: tradingeconomics.com, data at 03.01.2022
FX Rate
• The government has succeeded in keeping the CPI , which was relatively
much lower than most countries.
• Due to reasonable action of the SBV, the VND has performed
, depreciating by about 3% against the USD during 2022, amid Fed kept raising interest
rate.
CPI & EXCHANGE RATE

5. Fulfilling the 2022 “dual goal” of macroeconomic stabilization and controlling inflation
Banking Sector
13.89% 13.65%
12.17%
13.61%
14.50%
2018 2019 2020 2021 2022
CREDIT GROWTH (%)
MOBILIZATION GROWTH (%)
Source: GSO & SBV
11.30% 12.48% 12.87%
8.44%
5.99%
2018 2019 2020 2021 2022
• System’s credit growth reached 14.5% YTD in 2022, showing strong
credit demand for economic recovery. In fact, banks stepped up lending
right from the beginning of the year, causing them to quickly run out of
initial credit quotas. The SBV only granted additional credit quota in 4Q.
• Deposit mobilization growth was slow in 9M2022 due to tightened
control over money supply by the SBV, then improved to 5.99% at the
end of the year when deposit interest rates were high.
HIGHLIGHTS IN 2022
5
The SBV kept stable policy rate in the first 8 months and started increasing
policy rate in September and October by 100 bps each round amid pressure
from exchange rate depreciation and high global inflation.
Exchange rate trading band widened from 3% to 5% in October, created more
room for the SBV to control FX risk
SBV’s target for system’s credit growth was 14% in 2022, which was granted
in accordance with macro environment and prioritized for preferred sectors.
Promulgation of Decree 65 on corporate bond issuance to tighten the market.
Longer term, it’s viewed to be positive for Vietnam's economy, but near term it
has added pressure to the real estate sector.
Launching 2% interest rate support package of VND 40,000 Bn on May-22
Approval of Extension on bad debt settlement scheme under Resolution
42/2017/QH14 until the end of 2023
Accelerating digital transformation and cashless transactions; applying new
technologies in banking activities such as AI, Machine learning, Big data,…
Many banks recorded over 90% transaction via digital channels, improved
CIR

6. 6
Accomplishments in 2022
Offshore funding from
prestigious organization
• Grow customer deposit
• Optimize balance sheet
to ensure compliance
with SBV’s requirements
• Diversify funding source
• Strategic business
segments create
breakthroughs in both
scale and efficiency
• Accelerate digitalizing
products and services
Among all banks, reached
VND 103 trillion
Award in 2 consecutives
years in the field of Risk
Management by Asia Risk
• Robust capital foundation
enables the bank to
overcome the macro
uncertainties and provide
headroom for future growth
In the banking industry,
reached VND 67 trillion
CAPITAL DEVELOPMENT LIQUIDITY AND PRUDENCE GROWTH & EFFICIENCY
• Re-branded with new
manifesto
• ESG intensely incorporated
into development strategy &
long-run vision
by Brand Finance
BRANDING & ESG
One of the best capitalized
bank in the industry
Among all private join-stock
commercial banks
Of the parent bank with the
main drivers from core
customer deposits
Of the parent bank
• Ecosystem expansion in
Investment banking and
insurance business
• Accomplish comprehensive
segmentation strategy to
increase customer base
ECOSYSTEM EXPANSION
VPBankS’s chartered capital,
#1 among securities
companies
Accelerate customer base
through ecosystem
VPBank & AIA extended
exclusive partnership for life
insurance and OPES
acquisition for non-life
insurance business
Listed companies with
highest VNSI for 4
consecutives years
1st time assigning ESG score
CIS-2 (Neutral to Low)
Commit to quality growth and prudence embedded strong corporate social responsibility
Best-in-class thanks to
digitalization & automation

7. VPBank concluded its 2018 – 2022 transformation strategy with remarkable success
Vision to 2022
BECOME ONE OF THE TOP 3
MOST VALUABLE BANKS IN
VIETNAM
7
Portfolio concentration in strategic segments,
persisting in retail strategy
Market capitalization among private joint stock
bank, reached
BECOME THE MOST CONSUMER
FRIENDLY BANK THROUGH
TECHNOLOGY
Digital customers in the last 5 years
Transactions processed through digital channel,
a demonstration of end-to-end digital
engagement

8. Review of 4Q & FY2022
Results
Separate
8

9. LOAN/ DEPOSIT
Parent bank financial snapshot: Solid earnings growth underpinned by strong fundamentals and
prudent enforced Unit: VND Bil,%
Credit to customers 404,040 308,618 30.9%
Deposit & valuable
paper issued
343,268 281,738 21.8%
NPL Cir 11 2.19% 1.51% 68 bps
Credit cost after net
recovery
2.1% 2.6%
LLR on & off BS 74.4% 92.4%
ASSET QUALITY
INCOME/COST
PROFITABILITY
TOI* 40,591 27,920 45.4%
OPEX 7,843 6,044 29.8%
Provision expense 8,744 7,863 11.2%
PBT* 24,005 14,010 71.3%
CIR** 22.4% 21.6%
ROA* 3.7% 2.8%
ROA excluded one-off income 2.9% 2.8%
ROE* 25.6% 25.4%
ROE excluded one-off income 20.7% 25.4%
9
*Excluding one off income from FEC divestment deal and income from FEC in 2021
** Excluding one-off income
• Credit growth outperformed market average with focus on strategic segments
• Maintained a flight-to-quality balance sheet strategy to ensure prudence and liquidity stability.
• Strong momentum in Non-NII growth drives income sources
• Well preserved positive growth, underlying profit up 71% yoy

10. 58%
61%
FY2021 FY2022
Others
RB & SME
10
Retail banking continued to be the credit growth drivers with flexible allocation in portfolio for better
efficiency
11.8% 10.8% 11.1% 11.9% 12.3%
4Q21 1Q22 2Q22 3Q22 4Q22
Secured
Unsecured
+12.2%
Q-o-Q:
+16.2%
Q-o-Q:
Credit portfolio by segments (%, VND Bil)
%FY22 ytd
+36.8%
30.9%
RB Portfolio(%)
Disbursement
volume
39%
Secured Lending
Credit to customers (%, VND Bil)
Mortgage
Market share in
passenger car
YTD Growth
YTD Growth
Market share &
Growth
54%
Unsecured Lending
13.4%

11. Funding mix (by type) (%)
Growing core deposit and actively raise offshore funding helps strengthen balance sheet health
11
11
Q4: USD 650 mil new offshore fundings from
prestigious organizations
* Non-Customer funding includes MM, LC UPAS, local bond & long
terms borrowing
60.2% 66.9% 64.7% 63.4% 64.3%
4Q21 1Q22 2Q22 3Q22 4Q22
Non-Customer
Funding*
CDs
Customer deposit
YTD Growth
QoQ Growth
9.6%
LDR, ST funding for MLT loans -
SBV requirement (%)
76.8%
28.4%
85% 34%
LDR ST funding for MLT
loans
SBV requirement
FY2022
58,885
FY2021 FY2022
CASA Balance (VND Bil)
9%
43% YTD
%CASA 19.2%

12. NII (%, VND Bil.)
5,209
6,061
6,450 6,372
6,723
4Q21 1Q22 2Q22 3Q22 4Q22
5.5%
12
YIELD, NIM, COF (%)
Strong capital buffer along with active structuring of earnings assets helped mitigated the signs of NIM
constraints
+29.1%
19,381
25,606
FY2021 FY2022
+32.1%
8.9%
9.3%
5.3% 5.5%
3.7%
4.2%
FY2021 FY2022
Yield
NIM
COF

13. Resilient recurring Non NII have the effect of spurring sustainable TOI growth
% / TOI
(**) Payment & Acquiring activities include LC, LG payment, international and domestic payment & POS
(***) Other fee income: account fee, arrangement fee
Non-NII components (%, VND Bil.) Banking service activities
-Gross Fee Income-
PAYMENT &
ACQUIRING ACTIVITIES(**)
CARDs
BANCA
OTHERS (***)
17%
50%
16%
17%
3,653
5,982
1,496
2,139
3,111
(228)
274
7,062
FY2021 FY2022
Other Non NII
Net gain from
financial assets
Income from bad
debt recovery
NFI
31% 37%
+75%
14,955
8,534
+63.8%
+43%
-107%
x31
% Y-o-Y
9,455
10.8% YoY
% / TOI (normalized*) 31% 27% (*) Exclude one-off
income
3,840
4,796
8,242
FY2020 FY2021 FY2022
72%
20%
47%
17%
16%
14

14. OPEX increased from post Covid business activities. Bottom line exceeded USD 1 billion for the first time.
OPEX, CIR*
Unit: VND Bil., %
6,351
6,044
7,843
30.5%
21.6% 22.4%
FY2020 FY2021 FY2022
14
30%
9,306
14,010
24,005
FY2020 FY2021 FY2022
PBT
(*) Exclude one-off income
53% Staff expense
15% Asset expense
13%
19% Others
General and
administration
expenses
71%

15. Review of 4Q & FY2022
Results
Consolidated
15

16. 16
• 1st capital injection to increase VPBankS’s charter capital
to approx. VND 9 Trillion in May
• 2nd capital injection to increase VPBankS’s charter capital
to VND 15 Trillion in December
• Become the among securities firms.
• Completed the acquisition of OPES – a digital insurer to
achieve versatile insurance ecosystem
• Start cross-selling and scale up non-life insurance business
Multi-layer ecosystem set solid foundation for long term growth
In 2022, VPBank continued to expand comprehensive ecosystem to meet diversified
needs of customers and enhance customer experience.

17. Slower-than-expected recoveries of consumer finance portfolio impacted consolidated results…
17
Unit: Bil. VND, %
23.1%
22.3%
20.5%
19.6%
16.5%
9.0%
9.7%
8.8%
8.1% 7.8%
2018 2019 2020 2021 2022
Bank Subsidiaries NIM
6.04%
6.49%
5.88%
4.22% 4.44%
2018 2019 2020 2021 2022
Customer Deposits COF
26%
YTD
483,761
VND Bil.
25%
YTD
303,151
VND Bil.

18. 41,021
57,797
21,220
6,438
14,116
-258
22,461
3,746
6,851 *
NII NFI Net gain from
financial assets
Income from
bad debt
recorvery
Others TOI Provision
expense
OPEX PBT
Unit: Bill VND,%
18
%Y-o-Y +19.4% +58.6% +13.9% +30.5% +16.9% +31.7% +47.7%
-108% x14
…yet actively elevated conservative provision to maintain prudence toward credit quality
*Others including income from other derivatives, supporting fee from AIA renewed contract, income from disposal of other assets and
others
FY2021: 19.8%
16%*
20.3%
24.4 %
FY2021: 24.2%
27%*
3.1%
FY2021: 2.5%
2.4%*
ROE
ROA
CIR
*Normalized which exclude one-off income

19. CREDIT TO CUSTOMERS OWNER’S EQUITY
Continuous outstanding growth affirmed the bank’s position over the last 5 years
29,696
2017 2022
CUSTOMER DEPOSIT
133,551
2017 2022
TOTAL OPERATING INCOME CUSTOMER BASE
PROFIT BEFORE TAX
196,673
2017 2022
4.9
2017 2022
Unit: VND bil; %
X5
24,889
2017 2022
8,130
2017 2022
19

20. Business Outlook
20

21. • Strong domestic consumption and recovery of tourism services
• Accelerating public investment disbursement seen as key driver
for economic growth;
• FDI is expected to keep the positive trend with big projects;
• China’s reopening will have positive impact on Vietnam’s
economy.
• Tight monetary policies & global economic slowdown;
• Inflation rate is predicted to be higher in 2023;
• Poor prospects of the real estate sector and the pressure
from corporate bond maturity;
• Concerns about the possibility of outbreaks of new Covid-19
variants and new diseases.
21
Vietnam’s economic growth prospects are expected to face tough challenges in 2023
Vietnam's economic growth is predicted to face tough challenges in
2023 due to long-lasting slowdown in global economic prospect.
However, Vietnam is expected to be the fastest growing country in
ASEAN.
In 2023, the SBV will continue applying effective and flexible operating
policies while staying watchful for economic turbulences.
Managing the monetary & fiscal policy in close coordination with
the macro-economic policies to curb inflation and maintain the
macro-economic stability;
Focusing on preserving credit room in preferred sectors while
strictly controlling credit flow to potentially risky areas;
Maintaining on balance sheet NPL ratio of Vietnam banking
system below 3% via debt collection and controlling new NPL
formation;
Promoting cashless transactions and digital transformation through
all banking services while ensuring the safety and security;
Enhancing operating policies more transparent, enabling financial
institutions to develop and apply in reality.
6,5%
Gov’s target
GDP Growth < 4,5%
Gov’s
target CPI

22. • Prioritize grow
core funding to
support business
growth
• Maintain prudence
and liquidity
management at all
times
• Promote
comprehensive
segmentation
strategy
• Enhance ecosystem
to attract and deepen
customer engagement
VPBank Business Outlook in 2023
• Foster digital
innovation and
enhance technology
capabilities
• Strengthen core
system to ensure
system stability and
enhance customer
experience
• Quality growth
• Continue to monitor
the credit portfolio
while leverage tech
capabilities for
collection
enhancement
22

23. 23
1. Cost to income ratio (CIR) OPEX / TOI
2. ROE (Consolidated) Profit after tax / Average Total Equity
6. NPL in accordance with Cir 11 Total amount of non-performing exposure / Total credit exposure per Cir 11
7. Credit cost net recovery (Provision expenses – Income from bad debt recovery) / Average Loans to customers
8. LLR on & off BS Total provision reserves for credit losses plus provision used for Write-off / (Amount of loans in group 3-5 + Write-off)
3. ROA (Consolidated) Profit after tax / Average Total Assets
10. COF Interest Expenses / Average total funding
11. Yield Interest Income / Average Earning Assets
12. NIM Net Interest Income / Average Earning Assets
Specific provision reserves for credit losses plus provision used for Write-off / (Amount of loans in group 2-5 + Write-off))
9. Specific LLR on & off BS
4. ROE (Bank Standalone) Profit after tax exclude income from subsidiaries / Average Total Equity exclude investment to subsidiaries
5. ROA (Bank Standalone) Profit after tax exclude income from subsidiaries / Average Total Assets exclude investment to subsidiaries
Definition of Indicators

24. 24
CAR Capital Adequacy Ratio
CASA Current Account Savings Account
CD Certificate of deposits
CIR Cost-to-Income Ratio
LDR Loan to deposit Ratio
LLR Loan Loss Reserve
NIM Net Interest Margin
NFI Net Fee Income
NPL Non-Performing Loan
OPEX Operating expense
RB Retail Banking
ROA Return on Asset
ROE Return on Equity
SBV State Bank of Vietnam
SME Small and Medium-Sized Enterprises
TOI Total Operating Income
YTD Year to date
YOY Year on year
Glossary

25. 25
The material in this presentation is general background information about VPBank’s activities at the date of the presentation.
It is information given in summary form and does not purport to be completed. It is not intended to be relied upon
as advice to investors or potential investors and does not take into account the investment
objectives, financial situation or needs of any particular investor. These should be considered, with or without
professional advice when deciding if an investment is appropriate. The information might be updated from time to time and it is
not our responsibility to notify about those changes (if any).
For further information, visit www.vpbank.com.vn or contact
VPBank Investor Relations
Tel: (84) 24 3928 8869 (ext. 54111)
Fax: (84) 24 928 8867
Email: ir@vpbank.com.vn
Disclaimer