Oct 27, 2026
Full Analysis
Positive
earnings beat
LPBank (LPB) posted 9M2026 pre-tax profit of VND 10,421B, up nearly 9% and about 70% of its full-year VND 14,982B target, with Q3 alone up 29%. Techcombank (TCB) rose 23.7% to VND 28,900B and PGBank (PGB) climbed 27% to VND 630B, as credit expansion and non-interest income drove sector-wide gains.
Oct 22, 2026
Full Analysis
Positive
earnings beat
Masan High-Tech Materials (MSR) reported Q3/2026 pre-tax profit of VND 2,270 billion, up 16,469% year-on-year, roughly 166 times the prior-year base. Nine-month pre-tax profit reached VND 4,599 billion versus a VND 184 billion loss a year earlier, a swing driven by the tungsten and advanced materials platform rather than a one-off line item.
Oct 20, 2026
Full Analysis
Positive
earnings beat
Techcombank (TCB) reported 9M2026 pre-tax profit of VND 28,900B, up 23.7% year on year, with Q3 alone at a record VND 10,400B (+25.8%). VPBank neared VND 30,000B, SHB estimated VND 14,300B (+17%) and PGBank VND 630B (+27%), pointing to a broad banking-sector earnings upcycle.
Oct 20, 2026
Full Analysis
Positive
earnings beat smallcap
PGBank (PGB) delivered 9M2026 pre-tax profit of VND630 billion, up 27% year-on-year, on net revenue growth of 9.6%. Non-interest income more than doubled, CASA rose 32% and charter capital climbed 33.2% to VND7,327 billion, though NPL at 2.46% remains the key constraint.
Oct 20, 2026
Full Analysis
Neutral
rate decision
VietinBank (CTG) cut listed deposit rates for 6-month to under-12-month terms to 3%/year, a 50-basis-point reduction, after the State Bank of Vietnam ordered banks to lower 6-month+ rates by at least 0.5 points. Vietcombank, Agribank and more than a dozen private lenders made matching cuts on 19-20 October, signaling a system-wide deposit repricing.
Oct 20, 2026
Full Analysis
Neutral
rate decision
VietinBank (CTG) cut listed deposit rates by 50 basis points for terms of 6 months or more on the morning of Oct 20, then restored the prior levels by the afternoon, leaving 6-12 month rates at 3.5% per year. The reversal tests the State Bank of Vietnam's directive for banks to lower 6-month+ deposit rates by at least 0.5 percentage points, a wave that Vietcombank, Agribank and more than a dozen private lenders have already joined.
Oct 20, 2026
Full Analysis
Neutral
rate decision
Vietcombank (VCB) and VietinBank cut deposit rates by 50 basis points across 6-24 month terms from 20 October 2026, with roughly 15 private banks reducing 50-70 basis points after a State Bank of Vietnam meeting on 19 October. The coordinated move lowers funding costs sector-wide and is intended to open room for lending-rate cuts, compressing near-term net interest margins while supporting credit demand.
Oct 19, 2026
Full Analysis
Positive
rate decision
Fifteen private banks led by ACB, TPBank, Sacombank and LPBank cut deposit rates by 0.5-0.7 percentage points for terms of six months or more on October 19, one day after the State Bank of Vietnam ordered at least a 0.5-point reduction on deposits and 1.5-2 points on priority-sector lending. The SBV tied non-compliance to credit-limit cuts, making the directive effectively binding rather than advisory.
Sep 27, 2026
Full Analysis
Neutral
capital raise
PGBank (PGB) will publicly offer more than 267 million shares at VND 10,000 each, raising nearly VND 2,673 billion to lift charter capital to VND 10,000 billion. The two-tranche deal follows a June stock dividend that already raised capital to VND 7,327 billion, and prices the offer above PGB's 9,600 close on UPCOM.
Sep 09, 2026
Full Analysis
Positive
sector sentiment
Vietnamese banks reported a 54.3% YoY increase in service fee income in Q2 2026, with Techcombank (TCB) leading at VND 6,811 billion. This shift toward non-interest income is crucial as NIM pressures persist, making digital transformation a key driver for revenue diversification.
Aug 21, 2026
Full Analysis
Positive
sector sentiment
On August 21, Vietnamese bank stocks rallied strongly, lifting VN-Index by 1.95% to 1,768.12. Foreign investors net bought over 11.8 million SHB shares worth about 139 billion VND, driving SHB to the highest liquidity in the sector.
Aug 08, 2026
Full Analysis
Negative
sector sentiment
LPB and other Vietnamese banks face rising deposit rates, with short-term rates near the 4.75% cap and effective yields above 9%, squeezing net interest margins. Credit growth outpacing deposits keeps funding costs elevated, pressuring NIMs across HOSE-listed lenders like VPB, HDB, and MBB.
Aug 04, 2026
Full Analysis
Positive
macro policy
The State Bank of Vietnam raised the share of State Treasury deposits counted in the LDR ratio from 20% to 50%, effective August 1, 2026 to July 31, 2028. This eases liquidity constraints for major banks like BID, VCB, and CTG, potentially cooling deposit rate competition and supporting credit growth.
Jul 31, 2026
Full Analysis
Positive
macro policy
The State Bank of Vietnam's Decision 1743/QD-NHNN, effective August 1, 2026, reduces the deduction rate for State Treasury term deposits in the LDR calculation from 80% to 50%. This gives banks, especially Big4 state-owned lenders like Vietcombank (VCB), more room for credit growth without raising funding costs, as they hold nearly all State Treasury deposits.
Jul 31, 2026
Full Analysis
Positive
earnings beat
BVBank (BVB) reported H1 2026 pre-tax profit of VND 547 billion, up 486% YoY, the highest growth among 27 banks. ABBank (ABB) followed with 80% growth to VND 3,016 billion.