VPBank reported a record quarterly profit of nearly VND 11 trillion in Q2 2026, with H1 pre-tax profit up 68% YoY to VND 18.9 trillion. BVBank also posted a fivefold profit increase to VND 500 billion in H1 2026 and raised its full-year target to VND 1,000 billion.
GELEX Electric reported strong Q2/2026 results with consolidated net revenue up 46% YoY and pre-tax profit up 31%, completing over 60% of its annual target in just six months.
The Vietnamese government has reduced taxes by over 55,000 billion VND in the first half of 2026, including VAT cuts, environmental tax reductions, and special consumption tax exemptions on fuel, aiming to support businesses amid global uncertainties.
The State Bank of Vietnam net withdrew over 2,500 billion VND from the banking system via open market operations on July 15, while deposit interest rates remain high, with many banks offering over 9% per annum for 6-12 month terms.
VPBank reported strong H1 2026 results with total assets exceeding 1.5 million billion VND, up 19.2% from end-2025, and credit growth of 24.6% at the parent bank. The bank also paid nearly 4,000 billion VND in cash dividends and maintained a CAR of 13%.
Thai Nguyen Steel (TIS) reported a 43% drop in Q2 2026 net profit due to a 14% decline in sales volume and rising costs, though first-half profit still surged 331% year-on-year.
Nam Tan Uyen Industrial Park (NTC) reported Q2 net profit up 36% to nearly 132 billion VND, driven by a 183% surge in financial income from dividends, despite a 43% drop in revenue. Cash and deposits exceeded 1,323 billion VND, up 156% from the start of the year.
Hoa Phat Group (HPG) and tycoon Tran Dang Khoa have proposed a 20,000 MW offshore wind power project in Can Tho with an estimated investment of 1.5 million billion VND (about 60 billion USD). HPG holds a 30% stake in the project company.
The Ministry of Finance issued Circular 94 tightening supervision of high-risk taxpayers, including those with suspicious banking transactions or tax violations, while also increasing support measures to improve tax compliance.
CII-led consortium signed a record credit agreement worth over VND 27,000 billion (over USD 1 billion) with six banks to expand the Ho Chi Minh City – Trung Luong – My Thuan expressway, a key artery to the Mekong Delta.
Vietnam's Ministry of Finance proposes a new restructuring framework for state-owned enterprises, shifting from privatization to portfolio management, with three ownership tiers based on sector strategic importance.
Hanoi People's Council approved a resolution adding 873 land recovery projects covering over 11,500 hectares, including major developments by Vingroup, Dai Quang Minh, Thaco, and Hoa Phat, boosting real estate and infrastructure sectors.
Hanoi plans to remove 9 commercial housing projects from the pilot list due to boundary overlaps with other urban areas, potentially delaying or canceling these developments.
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Information provided for educational purposes only. Past performance does not guarantee future results. Data sourced from public Vietnamese market feeds.