Separate financial statements - first quarter 2025

HO CHI MINH CITY DEVELOPMENT JOINT STOCK COMMERCIAL BANK

SEPARATE FINANCIAL STATEMENTS FOR THE FIRST QUARTER OF 2025

For the period from 1 January 2025 to 31 March 2025

TABLE OF CONTENTS

Pages

Separate statement of financial position Separate statement of profit or loss Separate cash flow statement

Notes to the separate financial statements

1 - 3

5 - 6

7 - 48

SEPARATE STATEMENT CF FINANCIAL POSITION

as at 31 March 2025

Form B02a/TCTD (issued under Circular No

27/2021/TT- NHNN dated 31/12/2021)

Notes

Purchased debts Purchased debts

Provision for credit losses of purchased debts (*)

This translation is fcr inforrnational purpose only, NOI- an official version

SEPARATE S"TATEMENT OF FINANCIAL POSITION

as at 31 March 2025

Form B02a/TCTD (issued under Circular No.

27/2021/TT- NHNN J3tecl 31/12/2021)

Non-controlling interest

TOTAL OWNERS' EQUITY

TOTAL LIABILITIES, OWNERS' EQUITY AND NON-CONTROL INTERESTS

V.13.1

57,573,841 53,467,970 698,406,107 684,975,568

SEPARATE STATEMENT OF FINANCIAL POSITION

as at 31 March 2025

OFF-BALANCE SHEET ITEMS

/Votes

Form B02a/TCTD

(issJed under Circular No

27/2021/TT- NHNN dated 31/12/2021)

31 March 31 December

'2025 2024

VND million VND milli'on

Credit guarantees

Foreign exchange commitments

Spot foreign exch'ange commitments - buy Spot foreign exchange comm//me is - sell Cross currency swap contracts

Future contracts

Irrevocable lending commitments Letters of credit

Other guarantees Other commitments

Interest income and fee receivables not yet collected

Bad debts written-off

Other assets and documents Total

809,031

299,526,121

1,574, 013

3,009,173

294, 942, 935

50,5?0,2C1

23,569,751

12,395,001

997, J68

6, 180,739

49,875,433

443,883,705

808,743

196, 023,792

6, 816, 84 7

8,977,349

180, 229,596

46,476,948

24,924,802

10,891,982

969,215

5,079,344

47,589,161

332,763,987

Prepared by:

Ms." Huynh Thi Nga Accountant

Hn fJhi Minh City, Vietnam

28 April 2025

Reviewed b} !

Ms. He Dang Hoang Qu H *r:'Pham Van Dau

g} ved by:

NuAN HANG

THAHHCHO

Chief ACCoLi ntant Chief Financial Officer

SEPARATE STATEMENT OF PROFIT OF LOSS

for the period from 1 January 202a to 31 March 2025

Form B04a/TCTD (issued under Circular No

27/2021/T1-N LJNN dated 31 December 2021)

Notes

Current period Previous period

VND million VND milli"on

Provision expenses for credit losses

(576,211) (514,247)

Profit before tax

Current corporate income tax expense Deferred corporate income tax expense Corporate income tax expenses

5,025,608

(886,116)

( 51,225)

3,769,184

(756,545)

(6,266)

(762,811)

3,006,373

P›m-r mN

THAMHPH

, HOCHIM(MH

Prepared by: Reviewed fry .;:.c

Ms. Huynh Thi Nga Accountant

Ho Chi Minh City, Vietnam

28 April 2025

Ms. Ho Dang Hoang Quyen -Chief Accountant

am Van Dau Chief Financial Officer

SEPARATE CASH FLOW STATEMENT

foi- the period from 1 January 202a tc 31 March 202a

Form B04a/TCTD (issued undef Circular No

27/2021/TT-NHNN daterJ ?1 December 2021)

Notes

Current period Previous period

VND million VND million

SEPARATE CASH FLOW STATEMENT

for the period from 1 Janua‹y 2025 to JI March 2025

Cash flows from investing activities

Form B04a/TCTD (issued under Circular No

27/2021/TT-NHNN datecl 31December 2021)

Current period Previous period

VND million VND million

Purchase of fixed assets

Proceeds from disposal of fixed assets Payment for disposal of fixed assets Purchase of investment properties

Proceeds from disposal of investment properties Payment for ‹disposal of investment properties Payments for investments in other entities

(41,263)

(106,523)

Cash and cash equivalents at the beginning of the period

Foreign exchange difference

Cash and cash equivalents at the end of the period

Reviewed

137,o3t.t26 132,1

86:385.

9, 51,469 104,503,316

by:

THANHPHO

Ms."Huynh Thi Nga Accountant

1. lo Chi Minh City, Vietnam 28 April 2025

   " rr HQ C"

   Ms. Ho Dang Hoang Quyen r. Pham Van Dau Chief Accountant Chief Financial Officer

   
   
   

   This translation is for informational purpose only, NOT aIi uffi‹+aI v i mini i

   NOTES TO THE SEPARAT E FINANCIAL STA7"EMENT

   for the Dericd from 1 January 2025 to ?1 March 202 ñ

   Form B05a/TCTD (issued under Circular No

   27/2021/"IT-NHNN dated 3 I December 2021)

   1. GENERAL INFORMATION

      1. Establishment and Operations, Term of operation

         Ho Chi Minh City Development Joint Stock Commercial Bank ("the Bank") is a joint stock commercial bank incorporated in the Socialist Republic of Vietnam.

         The Bank was established and operates in accordance with Decision No. 47/GD-UB issued by the People's Committee of Ho Chi Minh City on 11 February 1989 and initial Banking License No. 00019/NH-GP issued by the State Bank of Vietnam ("the SBV°) on 6 June 1992 and replaced by Banking License No.26/GP-NHNN issued by the State Bank of Vietnam on

         12 February 2020 and Decisions amending and supplementing the Establishment and Operation License No.26/GP-NHNN on 12 February 2020. The operation term of the Bank is 99 years from the date of the first license.

         the Bafsk's principal activities are to provide banking services including mobilizing and receiving short, medium and long-terns deposits from organizations and individuals; making short, medium and long-term loans to organizations and individuals based on the nature and capability of the Bank's capital resources; conducting foreign currency transactions; providing international trade finance services; discounting of commercial notes, bonds and valuable papers; settlement services and other banking services as allowed by the SBV.

      2. Charter capital

         The charter capital of the Bank as at 31 Maich 2025 is VND35, 101,423 million (as at 31 December 2024: VND35,10 ! ,423 million)

      3. The Board of Directors

         The members of the Board of Directors of the Bank during the period and at the date of this report are;

         Date o/ appcintment/

         
         
         

         Name re-appointment:/Resignatioi›

         Mr. Kim BycungHo Chairman, Independent Member

         Ms. Ngu}'en Thi Phuong Thao Standing Vice

         fif airwoman

         Appointment en 29 April 2022

         Re-appointment on 29 April 2022

         Mr. Luu Duc KI anIJ Mr. Nguyen Thanh Uo Mr Nguyen Huu Dang Mr. Le Manh Dung

         Mr. Pham Quoc Thanh

         Vice Chairman Vice Chairman Vice Chairman

         Independent Memher Member

         Re-appointment on 29 April 2022 Re-appuii iii i ml-it on 29 April 2022 Resignation on 08 January 2025

         Appointment on 29 April 2022

         Appointment on 26 April 2023

         NOTES TO THE SEPARATE FINANCIAL STATEMENT

         for the period Iron› 1 January 2025 to 31 March 2025

         Form B05a/TCTD

         (issued under Circulai No

         27/202.1/TT-NHNN dated 31 December 2021)

      4. The Board of Management, Chief Financial Officer and Chief Accountant

         The members of the Board of Management, Chief Financial Officer, and Chief Accountant of the Bank during the period and at the date of this report are:

         Name Position

         Mr. Pham Quoc Thanh Acting General Director '4r. Ngu yr n 'v'iii Is Duc Deputy General Director Mr. Le Thanh Tung Deputy General Director Mr. Nguyen Van Hao Deputy General Director Mr. Nguyen Dang Thanh Deputy General Director Mr. Tran Hoai Nala Deputy General Director

         Mr. Tran Thai Hoa Deputy General Director Mr. Nguyen Canh Vinh Deputy General Director

         Mr. Tran Xuan Huy Deputy General Director Mr. Pham Van Dau Chief Financial Officer Ms. Ho Dang Hoang Chief Accountant Quyen

         Date of appoinfmenVre-

         appointment:/ Resignation

         Appointed on 3 April 2025

         we-appointed oi Aug usl 2u22 Appointed on 16 September 2009

         Re-appointed on 2 October 2023

         Re-appointed on 9 July 2023

         Re-appointed on 27 February 2025

         Pe-appointed on 26 May 2024

         Re-appointed on 1 November

         2023

         Resignation on 15 January 2025

         Appointed on 16 September 2009

         Appointed on 7 July 2011

      5. Operation network

         "the Bank's Head Office is located at HD Tower, 25 Bis Nguyen Thi Minh Khai Street, Ben Nghe Ward, District 1, Ho Chi Minh City. As at 31 March 2025, the Bank had one (') Head Office, one (1) representative office in the North; one (1) representative office in Myanmar, eighty-seven (87) branches and two hundred and eighty-eight (288) transaction offices located in cities and provinces throughout Vietnam.

      6. Subsidiary

         As at 31 March 2025, the Bank had one (1) subsidiary,

         Subsidiary	Oper"a"ting License No.	Nature Df business	Ownership of the Bank
         HD SAISON Finance Co., Ltd. ("HD SAISON"), previously known as Ho Chi Minh City Development Joint Stock Commercial Bank Finance Cc., Ltd.	0304990133 dated 13 July 200/ issued by Ho Chi Minh city Department of Planning and Investment, amended for sixteenth (1b) time on 20 June 2022	Finance/ Banking	50%

      7. Employees

         The Bank's total number of employees as at 31 March 2025 was 10,725 persons (as at 31 December 2024 was 10,592 persons)

         NOTES TO THE SEPARATE FINANCIAL STATEMEN"£

         for the period from 1 January 2025 to 31 March 2025

         Form B05a/TCTD

         (issued under LTircular No.

         2 //2021/TT NHNN dated 31 December 2021)

         ii ACCOUNTING PERIOD AND ACCOUNTING CURRENCY

         1. Accounting period

         The Bank's fiscal year starts on 1 January and ends on 31 December.

         The first quarter accounting period applicable for the presentation of separate financial statements of the Bank starts on 1 January and ends on 31 March.

         
         
         

         Accountii›g currency

         The Bank's accounting currency is Vietnam dong ("VND" or "Dong"). The separate financial statements are prepared and presented in VND, rounded to the nearest million ("VND million"). The Bank determines its accounting currency in accordance with Vietnamese Accounting Stanclards, Vietnamese Accounting System and applicable regulations.

         Ill. APPLIED ACCOUNTING STANDARDS AND SYSTEM

         1. Statement of compliance

            The Board of Management of the Bank cuNfii-i s that the accompanying separate financial statements have been prepared in accordance with Vietnamese Accounting Standards, Vietnamese Accounting System for Credit Institutions and other statutory requireicents relevant to preparation and presentation of the separate financial statements.

         2. Basis of preparation separate financial statement

            The separate financial statements have been prepared in accordance with Vietnamese Accounting Standards, Vietnamese Accounting System for Credit Institutions and ether statutory requirements relevant to preparation and presentation of the Separate financial statements applicable to credit institutions operating in Vietnam. The separate financial statements have been prepared under the historical cost convention

            The accompanying separate financial statements are not intended to present the separate financial position and separate results of operations and separate cash flows in accordance with accounting principles and practices generally accepted in countries and jurisdictions other than Vietnam. The accounting principles and practices utilised in Vietnam may ‹Jiffer Irons those generally accepted in countries and jurisdictions other than Vietnam.

            cegaialuly, the Bank has also prepared consolidated financial statements of the Bank anal its subsidiary, in accordance with Vietnamese Accounting Standards, Vietnamese Accounting System and applicable regulations on preparation and presentation of consolidated financial statements. In the consolidated financial statements, subsidiary undertakings, which are those companies over which the Bank has the power to govern the financial and operating policies, have been fully consolidated

            Users of these separate financial statements of the bank shculd read them together with the consolidated financial statements of the Bank and its subsidiary for the period ended J1 March 2025 in order to obtain full information of the consolidated financial position, consolidated results of operations and consolidated cash flows of the Bank and its subsidiary.

            NOTES TO THE SEPARATE FINANCIAL STATEMENT

            for the period from 1 January 2025 to 31 March 2025

            Form B05a/TCTD

            (issued under Circular No

            27/2021/TT-NHNN dated 31 December 2021)

         3. Assumptions and uses of estimates

            The preparation of the separate financial statements is in accordance with Vietnamese Accounting Standards, Vietnamese Accounting System and applicable regulations on preparation and presentation of separate financial statements applicable to credit institutions operating in Vietnam require the Board of Management make estimates and assumptions that affecl the the reported amount of assets and liabilities and disclosure of contingent liabilities and contingent assets at the end of period, such as income and expense amount during the accountinq period

            Estimates ance assumptions that have a rr aterial effect on the separate financial statements include:

            • Classification and provision for credit losses of loans to customers;

         Estimates and assumptions are regularly evaluated based on past experience and other factors, including future assumptions that have a material effect on the Bal k's separate financial statements and considered by the Board of Management to be fair.

         IV. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

         1 Foreign currency transactions

         All transactions are recorded in original currencies. Transactions arising in foreign currencies are translatecl at exchange rates prevailing at the transaction dates. Monetary assets and liabilities denominated in foreign currencies at fconth end are translated at the exchange rate prevailing at the month end date. Foreign exchange differences arising from these translations are recognised in the foreign exchange differences item in the separate statement of financial position at month end and trafssferred to the separate income statement at year end

   2. Derivatives and hedging accounting

Derivatives are recognised in the separate statement of financial position at contract value on the contract date and subsequently are revalued at the rate of exchange Drevailing at the month end Realised gain s or losses are I-ecognised in the separate income statement. Unrealised gains or Tosses are recognised in the foreign exchange differences item in the separate statement of financial position at the month end and are transferred to the inc‹ame statement at the year end.

Income and expenses / ecogr/ifiori

Interest income

Interest income is recognised in the separate in‹some statement on an accrual basis, over time and at effective interest rate for each period when two conditions are simultaneously satisfied: (i) it is probable that the economic benefits associated with the transaction will flow to the Bank; and (ii) the amount of interest income can be measured reliably. Accrued interest income is derecognised and recognised into off-statement cf financial position when a loan is not classified as Current loan or is subject to the application of Circular 03/2021, Circular 14/2021 cr the applicatiurJ of Circular 02/2023 and Circular 06/2024, interest income from these loans is recognised in the separate income statefcent upon receipts.

NOTES TO THE SEPARA BE FINANCIAL STATEMENT

for the period from 1 January 2025 to 31 March 2025

Form B05a/TCTD (issued under Circular No.

2.7/2021/1-T-NHNN dated II December 2021)

Other income from credit activities

Other income from credit activities primarily comprises fees such as loan withdrawal commitment 'fees, standby credit limit fees, early repayment fees, and other 'fees associated with credit activities, which is recognised when the completion cf the work as per the agreed-upon work under the contract/agreement can be reliably determined at the date of preparation of the separate financial statements.

Fe.en and commission income

Fee and commission income comprises fee income from insurance agency services, bonds services, settlement services, treasury services and other services that are recognised on an accrual basis in the separate income statement when the services rendered, by reference to completion of the specific transaction assessed on the basis of the actual service provided as a proponict of the total services to be provided. Fee and commission income is only recognised when all four (4) of the following conditions are satisfied:

• The amount of inccme can be measured reliably;

• It is probable that the economic benefits associated with the transaction will flow to the Bank,

  The percentage of completion of the traf›saction at the statement of financial position date can be measured reliably; and

• The costs incurred for the transaction and the costs to complete the transaction can be measured reliably.

/i›coine. from investing activities

Gain and loss from investment securities is determined based on the difference between the selling price and the cost of such securities.

Dividend income

Cash dividend income is recognised when the Bank establishes the right to receive dividend horn investees and when it is probable that economic benefits associated with the transaction will flow to the Bank and income cal be measured reliably. Stock dividends and bonus shares received are not recognised as income of the Bank, but only the number of shares is updated.

Other income

Other income is recognised on an accrual basis, by reference to completion level of sefxices.

According to Circular 16/2018/TT-BTC dated 7 February 201g issued by the Ministry of Finance, receivables which have Ueui i accounted as income but then are assessed as uncollectible or can not be collected by due date, the Bank shall revert such income if it is in the same financial year, or recognise as an expense if it is net in the same financial year and monitor these receivables in elf-statement of financial position items for subsequent collection. The Bank shall recognise these receivables as incorr›e in the separate income statement uoon receipt.

lnteres! expenses

Interest expenses are recognised in the separate income statement on an accrual basis.

NOTES TO THE SEPARATE FINANCIAL STATEMENT

for the pericd from 1 January 2025 to II Marr:h 2025

Form B05a/TCTD (issued under Circular No

27/202 I/TT NHNN dated 31 December 2021)

1. Acccounting for loans to customers and purchased debts

   1. Accounting for loans to customers Measurerrient and recognition of loans to customers

      Short-term loans are loans with term of less than one year from the date of disbursement. Medium-term loans have term of one tc five years from the date of disbursement. Lcng-term loans are loans with term of over 5 years frown the date of disbursement

      Loans to customers are stated at amount of principal outstanding less provision for credit losses,

      According to the Law on Credit Institutions No. 32/2024/QH15 issued by the National Assembly on 18 January 2024 and Circular 2'I/2024/TT-NHNN issued by SBV un 28 June 2024 regulating letters of credit ("L/C") operations and other business activities relating to L/C, from 1 JlJl 2024, L/C operation is defined as a form of credit granting through the issuance, confirmation, payment negotiation and repayment of L/C. The Bank has made appropriate accounting recognition in accordance with these regulations.

      Classification of loans /o customers

      Before 1 July 2024, loans classification and provisions for ciedit Icsses were made in accordance with Circular 11

      From 1 July 2024, debt classification, including customer loans, debts arising from the issuance of L/C, payment negotiation of L/C, and repayment of L/C (collectively referred tc as "debts"), was made in accordance with Circular 31; af d provisioning for credit risks was made in accordance with Decree 86.

      According to Circular 31, loans to customers are classified into five debt groups based on the repayment status and quantitative factors as follows:

      Group 1: Current loans

      1. Current loans are assessed as fully and timely recoverable for both principals and interests, or

      2. Loans are overdue for a period of less than 10 days and assessed as fully recoverable for both overdue principals and interests, and fully and timely recoverable for both remaining principals and interests; or

      3. Loans classified into group 1 as meeting criteria to be classified into qroups with lower level of risk.

         Group 2: Special mentioned loans

         1. Loans are overdue up to 90 days; except those specified in point (ii) of Current loans and those classified intc a group with higher level ‹af risk as prescribed; or

         2. Loans rescheduled for the first time and repaid on schedule, except those meeting criteria to be classified into a group with lower of risk auld those classified into a group with higher level of risk as prescribed.

         3. Loans classified into group 2 as meeting criteria to be classified into a group with tower level of risk or loans classified into group with higher level cf risk as prescribed

         Group 3: Sub-standard loans

         1. Loans overdue between 91 days and 180 days, except those classified into a group with higher level cf risk as preset ibed by regulatioris, or

         2. Loans are extended too the first time and repaid uti schedule, excel I those meeting criteria to Lee clasnifierJ irJt‹› a group with luwel level uf i-isk and or loans classifiecl into a

            NOTES TO THE SEPARATE FINANCIAL STATEMENT

            for the pericd from 1 January 2025 to 31 March 2025

            Form B05a/TCTD (issued uncler Circular No.

            27/2021/TO--NHNN dated 31 December 2021)

            group with higher level of risk as prescribed by regulations; or

         3. Loans are exempted or reducecl interests because customers are not able to pay the interests according to credit contracts, except those classified intc a group with higher level; or

         4. Loans falling in one of these following cases that have not yet been collected within less than 30 days from the issuance date of debt collection decision:

            • Loans violating regulations specified in clauses 1, 3, 4, 5, 6 of Article 134 of Law on Credit Institutions No. 32/2024/OH15 (from 1 July 2024) or according to clauses 1, 3, 4, 5, 6 of Article 126 of Law on Credit Institutions No. 47/2010/OH 12 (before 1

              July 2024), or

            • Loans violating regelations specified in clauses 1, 2, 3, 4 of Article 135 of Law on credit institutions No. 32/2024/QH15 (from 1 July 2024) or according to clauses 1, 2, 3, 4 of Article 127 of Law on credit institutions No. 47/2010/QFJ12 (before 1 July

              2024); or

              • Loans violating regulations specified in clauses 1, 2, 5, 9 of Article 136 of Law on credit institutions No. 32/2024/QH15 (from 1 July 2024) or according to clauses 1, 2, 5 of Article 128 of Law on credit institutions No. 47/2010/QLJ12 (before 1 July 2024)

         5. Loans in the collection process under inspection conclusions; or

         6. Loans collected under premature debt collectiuf decisiuiss by the Bank due to customers' breach of agreements without being collected within less than 30 days from the issuance date of debt collection decision; cr

         7. Loans are classified into group 3 as meeting criteria to be classified into a group with lower level of risk or loans classified into a group with higher level of risk as prescribed by regulations; or

         8. Loans must be classified into group 3 according to requirements of SBV due to risk level of the loan based on the results of inspection, supervision, and relevant credit information.

         Group 4: Doubtful loat›s

         1. Loans overdue between 181 days to ?60 days, except those classified into a group with higher level of risk as prescribed by regulations; or

         2. Loans are restructured for the first time and overdue less than 90 days according to the first restructured payment term, except those classified into a group with higher level of risk au pi est-ibed by regulations; or;

         3. Loans are ieuli-uctuiecl for the second time and undue, except those meeting criteria to be classified into a group with lower level of risk or classified into a group with higher level of risk as prescribed by regulations; or

         4. Loans are specified in point (iv) of Sub-standard loans remain uncollected for a period of 30 to 60 days from the issuance date of debt collection decision; or

         5. Loans in the coIlectiotJ process under inspection conclusions but being overdue up to 60 days according to inspection conclusions; or

         6. Loans recovered under premature debt collection decisions of the Bank due to customers violating the agreement which remain uncoliected for a periocl of 30 to 60 days from the issuance date of debt collection decisions; or

         7. Loans that are classified into group 4 as meeting ‹criteria to be ‹classified into a qroup with lower level of risk or classified into a group with higher level of risk as prescribed by regulations, or

         8. Loans that are classified into group 4 according to requirements cf SDV due to risk level of the loan based on the results of inspection, supervision, and i-elevant rrarJit information

         NOTES TO THE SEPARAT E FINANCIAL STATEMENT

         for the period from 1 ,January 2025 to 31 March 2025

         Form B05a/TCTD

         (issued under Circular No.

         Group 5: Loss loans

         1. Loans overdue Score than 360 days; or

            27/2021/TT-NHNN dated 31 December 2021)

         2. Loans are restructured for the first time and overdue from 91 days according to the first restructured terms of repayments; or

         3. Loans are restructured for the second tirr e and overdue according to the seccnd restructured terms of repayments; or

         4. Loans are restructured for the third time or more, except those meeting criteria to be classified into a group with lower level of risk; or

         5. Loans specified in point (iv) of Sub-standard lca«s which remain uncollected for more than 60 days from the issuance date of collection decision; or

         6. Loans in the collection process under inspection conclusions but being overdue for more than 60 days according to inspection conclusions, or

         7. Loans recovered under premature debt collection decisions of the Bank due to customers violating the agreement which remain uncollected for more than G0 days from the issuance date of debt collection decision, or

         8. Loans to other credit institutions announced under special control status, or to foreign bank's branches of which capital and assets are blockaded; or

         9. Loans that are classified into group ñ as meeting criteria to be classified into a group with higher level of risk as prescribed by regulations; or

         10. Loans that are classified into group 5 according to requirements of SBV due to risk level of the loan based on the results of inspection, supervision, and relevant credit information.

         Loans shall be classified in a group with lower level of risk (including Group 1) in these following cases.

         Overdue loans

         Customers fully paid overdue principal and interest (including interest on overdue principals) and principals, if terest of following payment schedules (if any) for at least 3 (three) months in respect of medium and long-term loans and 1 (one) month in respect of short-term loans since the date overdue principals and interest are fully ret›aid; and

         The Bank has sufficient basis of information and documents to assess and conclude that customers are capable of fully repaying principals and interest in a timely manner.

         Restructured loans

         Customers fully paicl pi-incipal and iiilei ust ui-irJei i-estructuring (if any), for at least 3 (three) months in respect of medium and long-term loans and 1 (one) month in respect of short-term loans, since the date principal and interest under restructuring are fully paid; or from the commence date of full repayment of such principal and interest in cases where the repayment schedules for principal and interest are congruent

         The Bank has sufficient basis of information and documents to assess and conclude that customers are capable of fully repaying principals and interest in a timely manner

         Loans shall be classified in a group with higher level of iisk these following case.s.

         Norms on profitability, solvency, ratio of debts to capital, cash flows leading to capability of customers to repay debts deteriorating continuously for J consecutive times of assessment or loan classification; or

         Customers fail to supply fully, timely and truly financial inforfTiaticn at the request of the

         Pank to assess debt repayment capability of customers, or

         Loans which are classified in Gr‹3M§ 2, Group ?, Group 4 foi 1 (crie) year or longer but net qualified lv classify in a group with fewer level of I isI‹; or

         Leans wl›u i edit r xtension is ac!ministtativeIy ancti‹ ncd

         NOTES TO THE SEPARATE FINANCIAL STATEMENT

         for the period from 1 January 202a tc tJ1 March 202a

         Form B05a/TCTD (issued under Circular No.

         2-//2021/TT-NHNN dated 31 December 2021) Non-performing loans are loans classifiecl into Gr‹Jup 3, 4 and 5

         The Bank is required to use the results of loan classification as provided by the Credit Information Center of the SBV ("CIC") to classify its loans to customers into a group with higher level of risk between the group assessed by the Bank and the group provided by the CIC.

         When a customer owes more than one loan to the Bank, and has any loan classified into a group with higher level of risk, the Bank classifies the remaining loans of such customer into the loan group with highest level of risk.

         When the Bank participates in a syndicated loan, the Bank reclassifies all loans (including the outstanding syndica[ed loan) of lhe cL hen er inIO lhe group will› lie i+gnest ievel cf risk as determined by the lenders.

         Classification of payments for off-balance sheet commitments

         Payments under off-balance sheet commitments are amounts that the Bank settled on behalf of customers when customers who are guaranteed by the Bank are not able to settle the amount whelk it falls due.

         Accorcling to Circular 31, off-balance sheet commitments are classified as follows:

         Group 3: Sub-standard - If overdue for less thar J0 days.

         Group 4: Doubtful - If overdue from 30 days and less than 90 days; Group 5: Loss - If overdue for 90 days of more.

         
         
         

         If the payment under off-balance sheet commitment is classified in a group with lower level of risk than a group in which the off-balance sheet commitment is classified, the Bank must reclassify the payment into the same group of the off-balance sheet commitment.

         Provision for losses on loans to customers

         Provisions for losses on loans tc customers include specific provisions and general provisions.

         Specific provisions

         
         
         

         Specific provisions for losses on loans to rsustorners are calculated using set rates applied to each loan group as follows:

         Provision rate

         Oroup 1 - Current loans 0%

         Group 2 - Special-mentioned loans 5%

         Group 3 - Sub-standard loans 20%

         Group 4 - Doubtful loans 50%

         Group 5 - Loss loans 100%

         Specific provisions are calculated based on customer's loan balances on the last working day of each month less the discounted value of collateral assets.

         
         
         

         According to Decree 66, the maximum discount rate for each type of collateral asset is determined as follows

         for the period from 1 January 2025 to JI March 2025

         (issued under Circular No 27/2021/TT-NHNN dated 31 December 2021)

         Type of collateral assets	Maximum discounted ratio
         (i Deposit, certificates of deposit in VND at the Bank.	100%
         (ii) Government bonds, gold billets in accordance with law on gold trading activities; deposit, certificate cf deposit in foreigfz currencies at the Bank.	95%
         Municipal bonds, Government-guaranteed bonds; transferable instruments,
         ñci°.ds issued by the Bank, be¿csit, certificate of deposit issued by other
         credit institutions, foreign bank branches:
         	95%
         	85%
         	80%
         (iV) Securities issued by other credit institutions and listed on a stock exchange.
         (V) Securities issued by enterprises (except credit institutions) and listed on a stock exchange.	65%
         Unlisted securities and valuable papers, except for types of securities specified in (iM), issued by ether credit institutions registered fcr listing un a
         stock exchange;	50%
         Unlisted securities and valuable papers, except for the types of securities
         specified in (iii), issued by other credit institutions not registered for listing on
         a stock exchange	30%
         (VII) Unlisted securities and valuable papers issued by enterprises registered for
         listing on a stock exchange;	30%
         Unlisted securities and valuable papers issued by enterprises not registered
         for listing on a stock exchange	10%
         (viii) Real estates	50%
         (ix) Others	J0'%

         • With a remaining term of less than 1 year

         • With a remaining term of between 1 year to 5 years

         • With a remaining term cf over 5 years

         Collateral assets are movable properties, real estates and collaterals other than gold billets,

         Government bonds listed en Stock Exchanges, securities issuecl by enter-pi-ises or other credit l

         institutions with a value above VND50 billion for loans tu customers who are related parties of the Bank auld other entities as prescribed in Article 135 of the Law on Credit Institutions 2024 and collateral assets with a value for deduction above VND200 billion must be valued by external valuers For other cases, collateral assets are valued according to the Bank's internal regulations and procedures

         Any collateral asset that does not fully satisfy the conditions specified in Article 4, Clause 4, Clause 5 cf Decree 86 (before 11 July 2024 apply Article 12, Clause 3 of Circular 11) shall haw its value considered as zero

         General provisions

         
         
         

         AcccrdifJg to Decree 8G, the amount of general provision is determined by 0.75'/ of the t(JtaI outstarJdinq balance of debts classified from group 'I to trout› 4

         NOTES TO THE SEPARATE FINANCIAL STATEMF.NT

         for the period from 1 January 2025 tc 3'1 March 2025

         Form B05a/TCTD

         (issued under Circular No

         27/2021/-II"-NHNN dated 31 December 2021)

         Write-off bad debts

         Bad debts could be written-off using provisions in the bellowing cases:

         Customer is an organization, which is dissolved, goes bankrupt as prescribed by law or an individual who dies or is missing; or

         Debts which are classified in group 5.

         For at least 5 (five) years, after using provisions against credit risks and after all measures for debt recovery of the Bank's Credit Committee have been implemented but debts are still irrevocable, the Bank shall be entitled to release the unsettled debts from the off-balance sheet in accordance with the approval of the Bank's Credit Committee.

   2. Loan restructuring, exemption or reduction of interest, fees and retention of loan group to assist customers affected by the Covid-19 pandemic

      From 17 May 2021, loan restructuring, exemption oi reduction of interest, fees and retention of loan group tc assist customers affected by the Covid-19 pandemic were carried out in accordance with Circular 03/2021/TT NHNN ("Circular 03/2021") effective from 17 May 2021 and Circular 14/2021/TT-NHNN ("Circular 14/2021") effective horn 7 September 2021

      As at 31 December 2023, the Bank made 100% of additional specific provisions required to be made for customers whose outstanding lean balances were restructured in accordance with Circular 03/2021.

   3. Restructuring loan repayment terms and retention of loan group to assist customers facing difficulties in doing business and customers facing difficulties in repaying their consumer loans.

      From 24 April 2023, restructuring loan repayment terms, including the principal and/of interest, to assist customers facing difficulties in doing business and customers facing difficulties in repaying their consumer loans is carried out in accordance with Circular 02/2023/TT-NHNN ("Circular 02/2023") issued by the SBV on 23 April 2023, upon the customers' requests and the Bank's financial capabilities

      On 18 June 2024, SBV issued Circular 06/2024/TT-NHNN ("Circular 06/2024") on amending and supplementing Circular 02/2023, extending the ifcplementation time of policies at Circular 02/2023 until 31 December 2024

      
      
      

      According to C/r‹cU/ar 02/2023 and Circular 06/20'24, the B'ai›k re.structure repayme.nt terms of outstanding principals and/or interest of loans fo customers satisfying all of these following conditions:

      Being a loan with principal arisen before 24 April 2023 Iron lending and Finance leases;

      The obligation of principal repayment and/or interest repayment arises during the period from 24 April 2023 to 31 December 2024;

      The loan to be rescheduled is undue or has been overdue up tc 10 days from the due date of payment schedule according to contract or agreement;

      The Bank determines that customers are unable to repay principal and/or interest on schedule under loan agreement due to decreasing revenue or income compared to revenue or income as specifiecl in the repayment of principal and/or interest plan under contract or agreement.

      Customers apply for loan restructuring and the Bank determines that customers are able to fully repay principal and/cr pay interest under the restructured schedules;

      Loan violates laws and regulations shall not be restructured by the Bank;

      The restructured tern (including ie an extensI‹nn) is den.iherJ in r:nfJf‹ rniity with the degree cf difficulty of each ‹:.u.ntnmer curl ia not t›ermitteh to exceed 12 months from

      for the pericd from 1 January 2025 to 31 March 2025 (issued under ircular No

      27/2021/TT-NHNN dated 31 December 202 I)

      the original maturity date of the respective rescheduled amount;

      Loan restructuring under Circular 02/2023 and Circular 0b/2024 is carried out from 24 April 2023 to 31 December 2024

      
      
      

      The Bank retains loan group for the loan whose principal and/or interest are restructured ("restructured loan") at the latest classification before the loan was restructured.

      For restructured loans that are undue during the restructured period, the Bank does not apply to adjust, reclassify into a group with higher level of risk as prescribed in Circular 31 (from 1 July 2024) and Circular 11 (before 1 July 2024),

      For restructured loans that are overdue during the restructured period and the Bank does not continue to apply loan restructuring as prescribed in Circular 02/2023 and Circr‹lar OC/2024, the Bank shall classify these restructured loans in accordance with Circular 31 (from 1 July 2024) and Circular 11 (before 1 July 2024);

      For the interest receivables on loans that are being restructured according to Circular 02/202? and Circular 06/20?.4, the Bank does not record income (accrued interest) and recognises them as off-statement of financial position to for following up and urge collection. Interest income is recorded in the separate income statement upon receipts.

   4. Provision for losses or loans to customers whose principal and/or interest are restructured in accordance with Circular 02/2023 and Circular 06/2024

      Fron› 24 April 2023, llJe Bank ›ssakes provisions for losses on loans to customers whose loans are restructured as prescribed by Circular 02/2023 and Circular 06/2024 as follows:

      Additional specific provision shall be determined as follows:

      Additional .specific provision --A - B

      Whereas:

      A: Specific provisions made for all outstanding loans of customers according to loan classifications regulated by Circular 31 (prior to 1 July 2024, according to Circular 11)

      B: Specific provisions made for all outstanding loans of customers according to loan classifications regulated by Circular 02/2023 and Circular 06/2024.

      If the aforementioned additional specific provision is positive, the Bank makes additional specific provisions for credit losses as follows:

      By 31 12.2023: At least 50% of additional specific provisions; By ñ1 12.2024: 100% of additional specific provisions

      The Bank makes general provisioning for the entire outstanding balance of customers based on the loan classification results determined according to Circular 31 (prioi to 1 July 202.4: according to Circular 11).

   5. Purchased debts

Purchasecl debts are recorded at the purchasing price on the contract and classified to the proup with risk level is not lower than its original group classified before purchase If the interest receipt thereafter includes the accrued interest before purchase date, the interest recognition is made as follows: (i) redr›ce the value of purchased debts by the interest incurred before the purchase date, (ii) record the interest income in the period by the amcunt incurred after the purchase date

The Bank classify and make provision fcr purchased debts in accordance with regulations on loan classification and Provision for credit less

NOTES TO 1-HE SEPARATE FINANCIAL STA"TEMENT

for the period from 1 January 2025 to 31 March 2025

Form B05a/TC FD

(issued under 1°ircuIar No.

27/2021/TT-NHNN dated J T December 2021)

1. 6 Debt selling activities

   Accordance to the guidance of Circular 09/2015/TT-NHNN, the treatment of the difference between the selling price and the book price for the debts is as follows:

   For debts currently recorded on the on-statement of financial position:

   If the selling price exceeds the book value of the debt, the difference is recognised as other income within the fiscal year;

   If the selling price is lower than the value of the debt, the difference is recorded as an exoense of the Bank in the fiscal year, after being offset by compensation from parties, insurance from the designated insurance organisation, and, it applicable, the financial risk reserve fund.

   For debts that have been removed from the separate financial statements and are being monitored off-statement of financial position, the proceeds from debt sales are recorded as other income of the Bank.

2. Trading and investment securities

   1. Trading securities

      Classification and recognition

      Trading securities include debt securities or equity securities which are acquired and are held for trading primarily for the purpose of selling in short-term, not exceeding one year to earn short-term profits.

      Trading securities are recognised at the time the Bank becomes a party to the purchase contracts of these trading securities, details are as follows:

      • Listed securities are recorded at the time of crders matching;

      • Unlisted secul ities are recognised at the time when official ownership is established in accordance with regulations

      Measurer/ient

      Trading securities which are certificates of deposits or unlisted bonds are recognised at costs less provisions for credit losses. The classification of debts and provisioning for these securities are similar to those for "Loans to customers" as presented in Note 4.1 According to Decree 86 (from 11 July 2024) and Circular 11 (before 1 July 2024), the Bank does not make general provisions for certificates of deposits and bonds issued by local ciedit institutions.

      Other trading securities are initially recognised at their carrying vale.›e less provisions for diminution in value. Provisions for diminution in value are made when the i› ai-ket value of these trading securities is Icwer than their book value.

      For listed equity securities: the market price of equity securities is the closing price on the most recent trading day up to the end of the fiscal year.

      For listed debt securities: the market price of debt securities is the most recent trading price at the Stock Exchange within 10 days up to the end of the fiscal year.

      The Bank does not make provisions for Government bonds, municipal bonds af d Government-guaranteed bonds

      
      
      

      The difference between the provision made at the end of the current financial year and the provision made at the end of the previous financial year is recognised in the separate income statement during the year- Provisions for trading securities as mentioned above are reverted when the recoverable amount of trading securities increases after the provisions are made as results of objective events A reversal of provisions, if ally, is ma‹1e only to the extent original costs of trading securities

      NOTES TO THE SEPARATE FINANCIAL STATEMENT

      for the period frorrJ 1 January 2025 to 31 Mar‹zh 2025

      Form BOSa/TCTD (issued under Circular No.

      27/2021/T-r NHNN datecl 31 December 2021) Gains or losses frcm sales of trading securities are recognised in the separate income statement as "Ne.I gain from trading of trading securities" Cost is determined by the specific identification method.

      Interests received from trading securities during holding periods are recognised in the separate income statement upon› receipts.

      Derecognition

      Trading securities are derecognised when the rights to receive cash flows from these securities are terminated of the Bank transfers substantially all the risks and rewards from ownerships of these securities

   2. Available-for-sale investment securities Classification and recognition›

      Available-for-sale investment securities include debt and equity securities, which are intended to be held for investing purposes and may be sold at any time if deemed advantageous.

      Available-fcr-sale investment securities are recognised when the Bank becomes a party to the purchase contracts of these securities.

      
      
      

      Available-for-sale investment. securities which are certificates of deposits or unlisted bonds ale recorded at costs less provisions for credit losses.

      Other available-for-sale investment securities are stated at their carrying value less provisions for diminution ii value. Provisions foi- diminution in value of available-for-sale investment. securities are made when the carrying value is higher than the market price.

      The provision for credit losses ancl provision for diminution in value of available-for-sale investment securities are made similar to the principles applied to trading securities as presented in Note 5.1

      Available-for-sale debt securities are recognised at par value at purchased date. Accruecl interest receivables befcre purchased date (for debt securities with interest payments in arrears) or deferred interest awaiting for allocation (for debt securities with interest payments in advance) is recognised in a separate account. Discount/premium, which is the negative/positive difference between thc cost and the account of par value plus (+) accrued interest receivables before the purchased date (if any) or minus (-) deferred irJterust awaiting fcr allocation (if any) is also recognised in a .separate account.

      In subsequent holding periods, these ‹lebt securities are recognised at par value, and

      the discount/premium (if any) are amortised to the separate income statement or a straight- t line basis over the remaininq terms of these debt secfsrities.

      Cumulative interest before purchased date is recognised as a decrease in the accrued interest receivables account upon receipt. Accrued interest incurred after purchased date is recognised as income of the Bank based on are accrual basis Interest received in advance is amortised into interest income from investment securities based on a straight-line basis over the terms of investment securities

      Gains or losses from sales of available-for-sale investment securities are recognised in the separate income statement aS "Net gain from trading of investment securities" Cost is determined by the specific identification method

      This translation is for informational purpose only, NIJ J" an official version 20

      NOTES TO THE SEPARATE FINANCIAL STATEMENT

      for the period from 1 January 2025 to 31 Mai ch 2025

      Form B05a/TCTD (issued under Circular No

      27/2021/TT-NHNN stated 31 Decemher 2021)

      Derecognition

      Available-for-sale investment securities are derecognised when the rights to receive cash flows from these securities are terminated or the Bank transfers substantially all the risks and rewards of ownerships of these securities.

   3. Held-to-maturity investment securities

      Held-to-maturity investment securities are debt securities that the Bank purchases with investing purpose to earn interests and the Bank has capabilities and intentions to hold these investment securities until maturities. According tc Official Letter No. 2601/NHNN-TCKT issued by SBV on 14 April 2009, the Bank is allowed to rec!assify maximum onetime aftei' purclaasin9 for held-to-tram City investment securities.

      Held-to-maturity debt investment securities are recognised and measured similarly as available-for-sale debt investment securities as presented in Note 5.2.

3. Cash and cash equivalents

For the purpose of the separate cash flow statement, cash and cash equivalents comprise cash on hand, gold, balances with SBV, demand and term deposits at other credit institutions which have original terms within 3 months or less, and securities which have collection periods or original maturities within 3 months or less from purchase dates.

Provision, contingent liabilities and assets

Off balance sheet commitments comprise guarantees, settlement acceptances and irrevocable credit commitments.

From 1 July 2024, the classifications of off-balance sheet commitments are made in accordance with Circular 31 as follows:

Group 1: Undue commitments, as assessed by the Bank, which could be fully settled when due

Group 2: Undue commitments, as assessed by the Bank, which could not be fully settled when they fall due.

A commitment is classified into Group 3 or a group cf higher risk: Commitments meet any of the specified conditions and remains uncollected for a period less than 30 days from IT e issuance date of the Bank's collection decision:

Commitments violating the orovi.sions in Clauses 1, 3, 4, 5, 6, Article 134 of the Law en Credit Institutions No. ñ2/2024/QLJ 15 (before 1 July 202a: applied according to Clauses 1, 3, 4, 5, 6 Article 126 of the Law on Credit Institutions No. 47/2010/QH12 and according to Circular 11); or

Commitments violating the provisions in Clauses 1, 2, 3, 4, Article 135 of the Law ois Credit Institutions No. 32/2024/QH15 (before 1 July 2024: applied according to Clauses 1, 2, 3, 4, Article 127 Law on ii-edit Institutions No. 47/2010/QH12 and according to

Circular 11); or

- Commitments that violate the provisions of Clauses 1, 2, 5, 9, Anicle 1J6 of the Law can Credit Institutions No. 32/2024/QH15 (before 1 July 2024: applied according to Clauses 1, 2., 5, Article 128 of lhe Law en Credit Institutions No. 47/2010/QH12 and according to Circular 11).

Provisions for off-balance sheet commitments

Accent ing to Decree 86 (from 11 July 2024) and Circular 11 (befr›re 1 July 2024), the classification of off balance sheet colnrr›itments is conducted solely for i isk nianag ement, ci dil quality supei vision. Therefore, provisions are not made fci off beta tice sheet. rommitmenta

This translation is for informational pui goue ut fly, NU"f ai i official vei siren 21

NOTES TO THE SEPARATE FINANCIAL STATEMENT"

for the period from 1 January 2025 to 31 March 202a

Form B05a/TCTD

(issued under thircular No

27/2021/TO"-NHNN dated 31 December 2021)

1. Corporate income tax

   Income tax include all income tax which is based on taxable profits. Income tax expense comprises of current tax expense and deferred tax expense.

   Current income tax is the amount of income tax payable or recoverable in respect of the current periocl taxable profits at the current period tax rates. Current and deferred income tax are recognised as an income or an expense and included in the separate income statement of the period, except to the extent that the income tax arises from a transaction or event which is recognised, in the same or a different period, directly in equity.

   Deferred income tax is provided in full, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the interim separate financial statements. Defei-red income tax is not accounted for if it arises from initial recognition of an asset or liability in a transaction other than a business combination that at the time of occurrence affects neither the accounting nor the taxable profit or loss. Deferred income tax is determined at the tax rates that are expected to apply to the period when the asset is realised or the liability is settled, based on tax rates that have been enacted or substantively enacted by the interim separate statement of financia! position date.

   Deferred income tax assets are recognised to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

2. Borrowings, issued debt securities and equity instruments

   Due to State Bank of Vietnam, due to and boifowings from other credit institutions, valuable papers issued are disclosed at the principal amounts outstanding at the date of the separate financial statements. At initial recognition, issuance costs are deducted from the cost of the valuable papers. These costs are allocated on a straight-line method during the lifetime of the valuable papers to "Interest and similar expenses.

3. Owners' capital

   Owner's' capital is recorded according to the act«al amo nts contributed by shareholders at the par vale e of the shares.

   Share premiums is the difference between the par value and the issue price of shares and the difference between the repurchase price and ie-issuing price of treasury shares.

   
   
   

   Other owners' capital represents other capital held by the owners at the reporting date.

   
   
   
   
   
   

   Treasury shares bought before the effective date of the Law on Securities (1 January 2021) are shares issued by the Bank and bought back by the Bank itself, but these securities are not cancelled yet and may be re-issued in the future in accordance with securities laws and reputations. The amount received will be recorded as an increase in equity, and any surplus or deficit from these transactions will be recorded in the share premium account.

   Treasury shares, which are repr›rchased after the effective date of the Law on .Securities (1 January 2021), are cafscelled and adjusted to reduce in the Bank's charter capital

   Retained earnings

   Retained earnings record the Bank's results (profits) after Cl7" at the reporting date

   
   
   

   NOTES TO THE SEPARATE FINANCIAL STATEMENT

   for the period from 1 January 2025 tc 31 Mar(:h 2025

   Form B05a/TCTD

   (issued under Circular No.

   Statutory Re.serves

   Suppleme.nt charter capital reserve

   27/?.IJ21/TT-NHNN ñate0 ?1 December 2021)

   Since 1 July 2024, according to the Law on Credit Institr›tions No. 32/2024/OH15 issued by the National Assembly on 18 January 2024, the Bank makes appropriation of 10% of profit after tax to supplement charter capital reserve until it reaches the maximum balance of the Bank's charter capital

   Financial reserve

   ccor4ng to Law on Credit Instils tions fJo. 47/2010/LJLJ12 issued by the LJational Assembly on 6 June 2010 and Decree No. 93/2017/ND-CP, the Bank makes appropriation of 10% of profit after tax to financial reserve.

   The purpose of financial reserve is to offset residual asset losses and damage occurring in the course of business after such losses have been offset with compensation paid by orqanisations, individuals who caused them, indemnity paid by insurers and with the allowance set up and accounted for in expenses, and shall be used for other purposes in accordance with the laws.

   These statutory reserves are not allowed to be distributed and are recognised as part of eqn ity.

   /ppropriation of profit

   The Bank's dividends are recognised as a liability in the Bank's separate financial statements during the year in which the dividends ale approved by the General Meeting of Shareholders.

   Profit after CIT could be distributed to shareholders after approval at lhe General Meeting of Shareholders, and after appropriation to other funds in accordance with the Bank's charter and Vietnamese regulations.

   Other reserves including in equity are appropriated from profit after tax. The appropriation front profit after tax and the utilisations of other reserves must be approved by the resolution of the General Meeting of Shareholders. These reserves are not regulated by laws and are allowed to be fully distributed.

   The bonus and welfare fund is appropriated frorr the Bank's profit after tax after approval by the General Meeting cf Shareholders and is presented as a liability on the separate statement of financial position. The Bank uses the futJd in accordance with purposes as speo°ifieñ in accordance with Decree 93.

   
   
   

4. Restatement corresponding figures: None

NO"7ES TO THE SFPARATE FINANCIAL STA"7EMENT

for the period from 1 January ?.025 to .J 1 March 2025

Form B05a/TCTD (issued under Circular No.

27/202 1/T-F-NHNN dated II December 202 I )

SUPPLEMENT FOR ITEMS PRESENTED ON STATEMENT OF FINANCIAL POSITION

1. Securities held for trading

   	31 March	31 De.member
   	2025	2024
   	VND million	VND million
   1.1. Debt securities
   Government auld municipal bonds	6,519,458	778,827
   Debt securities issued by other domestic credit
   institutions Debt securities issuecl by domestic economic	8,006,8O0	21,1"76,948
   entities Debt securities issued by foreign entities
   Total	14,526,258	21,955,775
   1.2. Equity securities

   Equity securities issuecl by domestic credit institutions

   Equity securities issued by domestic economic entities

   Equity securities issued by foreign entities

   1.3. Other securities held for trading
   1.4 Analysis of securities held for trading
   classified as credit risk assets by quality
   Current	8,006,800	21,176,948
   Special rr›ention Substandard
   Doubtful
   Loss
   Total	8,006,800	21,176,948
   1.5. Provision for securities held for trading

   In which: - Provision for impairment

   • General provision

   • specific provision

     1.6 Listing status of securities held for

     trading

     Debt securities:

     + Listed

     + Unlisted

     Equity securities.

     + Listed

     + Unlisted Other securities.

     + Listed

     + Unlisted

     6,519,458

     8,006,800

     
     
     
     
     
     

     7"/8,827

     
     
     

     21,176,948

     NOTES TO THE SEPARATE FINANCIAL STATEMENT

     for the period from 1 January 2025 to 31 March 2025

     Form B05a/TCTD (issued under L"ircular N‹a

     27/2021/TT-NHNN dated tJ1 December 2LJ21)

2. Derivatives and other financial assets/liabilities

kota/ contract value. (at foreign exchange rate

at the contract date)

/ND ml///on

Total book value

(at foreign exchange rate

at reporting dales

Asset,s Liabilities

VND million VND million

As at 31 March 2025

Foreign currency derivatives

• Currency forward contracts

• Currency swap contracts

  Other derivatives

• Cross currency interest swap

3,085,576

141,263,764

10,105

245,429

contracts

598,200

24,200

Loans to oversea economic organisations and individuals

The business of issuing deferred payment letters of credit with terms of sight payment or

150

423,426,896

150

413,093,949

NOTES TO THE SEPARATE FINANCIAL. STA"£EMENT

for the pericd from I January 202.5 to .J1 March 2025

Form B05a/TCTD

(issued under Circular No,

27/?0?.1/TT-NHNN dated 31 December 2021)

(")This is the balance related to the business of issuing deferred payment letters of credit with terms of sight payment or advance payment before the letter of credit due date of the Law on (Credit Institutions No. ?2/2024/OH15 and Circular 21/2024/TT-NHNN and is not included in the credit growth rate.

payment or advanced payment arisinq before 1 July 2024

Total

Analysis of loans by original terms

4,311,466

427,738,362

11,178,772

424,272,721

ThA HO(

3f March 31 December

VND million VND million

Short-term Medium-term Long-term

Total

Shnrt-term - the business of issuing deferred payment letters of credit with terms of sight payment or advaf ced payment af iuirig Uefol e 1 July 2024

213, 918,0?8

143, 739,256

6?,769,582

423,426,896

4,311,466

427,738,362

219,624,38J

127,569,967

6o,899,?99

413,093,949

11,176,772

424,272,721

NOTES TO THE SEPARATE FINANCIAL STATEMENT

for the period frcm 1 January 2U2 to 31 March 2.025

Form B05a/TCTD (issued under Circular No

27/2021/"IT-NHNN datecl II December 202.1)

Analysis of loans by type of customers

31 March 31 December

2025 2024

/ND million /ND million

Household businesses and individuals Other limited liability companies

Other joint stock companies State-owned enterprises Foreign invested enterprises

Co-operatives and inter-cooperatives

Private enterprises Others

142,438, 053

160,?73,424

113,482,099

2,665,610

4, 97,522

41,813

1

26,374

423,426,896

141,407,343

'155, 438,528

109,598, 655

2,725 717

3,644,-/2?

47,555

1,000

30,428

413,093,949

The business of issuing defe.rred payment letters of credit with terms of sight payment or advanced payment arising before 1 July

NOTES TO THE SEPARATE FINANCIAL STATEMENT

for the period from 1 January 2025 to 3 1 March 2025

Form B05a/TCTD

(issued under I?ircular No

27/2021/TJ"-NHNN dated 31 December 2021)

Analysis of loans by industry

Activities of households as employers,

3J March

2025

VND m///ion›

3Y Oeoember

2O24

VwDmi/on

4 Change in provision for credit losses of loans to customers

Changes in provision for credit losses of loans tc customers ourir›g the current period are as

fuIIuws.