Banking

Sacombank (STB) stock surged after the bank added documents for its upcoming AGM, including the official candidacy of Mr. Nguyen Duc Thuy ('Bau Thuy') for the Board of Directors and the cancellation of a request to extend its restructuring plan.

Techcombank (TCB) posted a record Q1 2026 pre-tax profit of VND 8.869 trillion, up 22.5% year-on-year, driven by a 14.6% rise in net interest income and a historic surge in service fee income to VND 3.6 trillion. The bank improved its cost-to-income ratio to 28.3% and reduced its real estate loan exposure below 30%, signaling a strategic portfolio shift amid sector-wide competition for deposits.

Techcombank (TCB) posted a record Q1 2026 pre-tax profit of VND 8.9 trillion, a 22.6% year-on-year increase, driven by strong operating income growth. The bank also secured a EUR 200 million green financing agreement with the European Investment Bank to fund sustainable projects, reinforcing its strategic pivot towards digital leadership and diversified funding.

VPBank (VPB) reduced deposit interest rates by 0.3%-0.5% for 6-36 month terms online, following a State Bank of Vietnam directive that prompted 30 domestic commercial banks to cut rates by 0.05% to 1% annually. This coordinated easing aims to lower funding costs and support credit growth, with state-owned BIDV implementing the deepest cuts of 0.8%-0.9%.

Vietnamese banks are accelerating foreign capital attraction, with notable events including BIDV's successful private placement and plans for Vietcombank to sell a 6.5% stake, potentially raising $1.3-1.4 billion, alongside moves by VPB and SHB.

Sacombank (STB) stock surged after the bank proposed to elect its General Director, Nguyen Duc Thuy, to its Board of Directors, leading the banking sector's gains.

MBB reported Q1 2026 consolidated pre-tax profit of VND 9,500B (+13.3% YoY) and added 1.2 million customers, while ACB, NAB, and VPB posted YoY gains of 17%, 32.5%, and 58%, respectively. The results, disclosed at recent AGMs, highlight continued profit momentum across mid-sized Vietnamese banks, with VPB leading growth on a 26.3% rise in total operating income.

LPBank (LPB) reported Q1 2026 net profit exceeding VND 2.8 trillion, with operating income up 10% year-on-year and a planned 30% cash dividend for 2025. The results were driven by retail-focused loan growth and a 252% surge in foreign exchange trading income, while the bank increased its risk provision by 3.9 times, signaling a cautious approach to asset quality.

The Vietnamese securities sector set a new record for margin loan balances in Q1 2026, with total lending reaching nearly 423.7 trillion VND, while revenue from lending activities exceeded 11.2 trillion VND, boosted by high interest rates.

The State Bank of Vietnam signals monetary easing, prompting 29 commercial banks including Vietcombank (VCB), BIDV, and VietinBank to cut deposit rates. This shift is expected to improve liquidity and rapidly change investor psychology in the real estate market from defensive to ready-to-disburse, with mortgage rates potentially staying below 10% annually through year-end.