ABB

VPBank, TPBank and ABBank report sharp H1 2026 profit increases, with VPBank's pre-tax profit up 68% YoY to VND 18.9 trillion and ABBank up 80%. Analysts project sector net profit growth of about 16% in H1, supported by credit expansion and digital banking, though margin pressures persist.

Bac A Bank (ABB) became the first Vietnamese bank to raise deposit rates in July 2026, increasing rates by 20 bps across multiple tenors, with 6-month rates at 7.05% per annum. The move simplifies its rate structure by applying a single rate for all deposit sizes, potentially boosting deposit inflows. This rate hike may signal the start of a broader upward trend in deposit rates, pressuring net interest margins for smaller banks.

ABBank (ABB) posted Q1/2026 pre-tax profit of VND 1,500 billion, up 269% YoY, the highest growth among 27 listed banks. Cumulative 6-month profit reached VND 3,016 billion, completing 67% of the full-year target. The stock on UPCoM has doubled to VND 18,500, reflecting investor confidence in the bank's restructuring and brand repositioning.

Foreign investors net bought nearly VND 1,400 billion on HoSE on July 10, driven by a massive VND 1,600 billion purchase in VIC. Excluding VIC, the group still net sold hundreds of billions. Net selling was seen on HNX and net buying on UPCoM.

STB's H1 2026 pre-tax profit is estimated at VND 1,900-2,000 billion, down ~50% YoY, as provisioning costs surge to over VND 4,700 billion and NPL ratio hits 5.6%. Management describes the situation as 'very difficult' with further NPL increases possible. In contrast, ABB reports an 80% profit jump to VND 3,016 billion, and CTG's total assets cross VND 3 million billion.