VIB

The State Bank of Vietnam is finalizing a draft circular to replace Circular 22/2019 on safety limits and ratios, moving toward Basel III standards. Banks including ACB, VCB, BID, CTG, TCB, MBB, and VIB are actively discussing the draft at a risk management forum. The new rules will require tighter capital and liquidity management, potentially affecting profitability and dividend policies.

The State Bank of Vietnam's Hanoi branch reinforces gold bar trading regulations, requiring all transactions over 20 million VND to be settled via bank accounts and urging the public to trade only at licensed institutions. This move aims to enhance transparency and anti-money laundering compliance, directly impacting 22 licensed banks including ACB, Vietcombank, and BIDV.

Eleven listed Vietnamese banks have disbursed over VND 48 trillion in cash dividends for 2025, with LPBank (LPB) leading at a 30% yield and Vietcombank (VCB) announcing 4.5%. The payouts are seen as compensation for dilution from stock issuance, reflecting strong profitability and a strategy to retain investor confidence.

Eight Vietnamese banks plan to distribute over VND 39,000 billion in cash dividends for 2025, with LPBank (LPB) leading at a 30% rate, followed by MB (MBB) at 10% and Techcombank (TCB) at 7%. The payouts reflect strong profitability and capital positions, though some banks like SHB have yet to execute their plans.

The State Bank of Vietnam raised the short-term funding ratio for medium/long-term loans from 30% to 40% and exempted some infrastructure loans from credit growth limits, increasing liquidity risks for banks like MBB, OCB, BVB, and VIB. The move aims to boost lending but heightens maturity mismatch and refinancing risk, with tighter Basel III-aligned rules proposed from 2028.

Foreign investors net sold 789 billion VND on HOSE on July 3, with TCB, MSN, and VIC seeing the largest outflows of 90B, 71B, and 64B VND respectively. Proprietary trading desks net bought 551 billion VND, notably accumulating EIB shares worth 300 billion VND. The divergence highlights ongoing foreign selling pressure against domestic institutional buying.

The State Bank of Vietnam proposes raising the short-term capital used for medium and long-term lending ratio from 30% to 40%, expanding credit capacity for banks like ACB, VIB, CTG, and OCB. This indirectly supports real estate and infrastructure but introduces liquidity risks. ACB's SMLR stood at 24.4% in 2025, OCB near the current 30% cap.

Foreign investors net sold nearly VND 1.9 trillion on June 18, the highest daily outflow since early June, with FPT bearing the brunt at over VND 500 billion. In contrast, proprietary trading desks at securities firms made a notable VND 373 billion net purchase of MSB, making it the top stock bought by proprietary desks. The divergence highlights selective domestic institutional support for MSB amid persistent foreign selling pressure.

Foreign investors net sold VND 3,100 billion (USD 124 million) on the day, reversing earlier record inflows, with heavy selling in Vingroup (VIC), Techcombank (TCB), VIB, MBB, and FPT. The selloff pushed the VN-Index down nearly 2 points, ending a short recovery streak, though market breadth remained positive.