TPB

The State Bank of Vietnam (SBV) exempts 25 commercial banks from including social housing, industrial park, and export processing zone loans in real estate credit growth limits from January 1, 2026. This regulatory change supports targeted lending while maintaining overall credit controls, benefiting banks like ACB, BID, and CTG with expanded capacity for priority sectors.

Foreign investors net sold over VND 750 billion (USD 30 million) on May 29, with selling spread across multiple stocks including CTG, VHM, and VPB. Proprietary traders reversed the trend, buying nearly VND 225 billion, focusing on banking stocks VPB, VCB, and TCB. MSB was the top foreign-bought stock with net purchases of VND 93 billion.

On May 29, proprietary trading desks at securities companies net sold VND 570 billion on HOSE, while foreign investors net sold approximately VND 750 billion across the entire market. VPB was the most bought stock by proprietary desks, with net purchases of VND 57 billion, while E1VFVN30 saw the largest net selling.

On May 27, 2026, foreign investors net sold VND 791.4 billion (USD 31.66M) on the Vietnamese stock market, with retail investors also net selling VND 1,526.7 billion. Notable block trades included VIC (VND 1,597.5B) and VJC (VND 572.9B). MSB, MWG, and VPB were among the top foreign-bought stocks, while VHM, HPG, and VIC were sold.

BIDV and Sacombank each reported non-performing loans exceeding VND 40,000 billion in Q1 2026, contributing to an 11% sector-wide NPL surge to VND 292,160 billion. The broad-based deterioration in asset quality raises provisioning costs and pressure on net interest margins for most listed banks, with only three lenders showing improvement.

Vietcombank (VCB) and six other domestic banks have approved plans to establish wholly-owned subsidiaries at the Ho Chi Minh City International Financial Center, while most foreign banks are blocked by a regulation requiring a parent credit rating of AA or above, which only JPMorgan meets. The rule, part of Decree 329, is being challenged by regulators who recommend lowering the threshold to attract international banks.