Banks

PNJ shares hit ceiling after hitting 15-month low, recovering from the P-Lab smuggling scandal. Foreign investors turned net buyers, and the broader market rose led by oil and gas stocks, while Vingroup stocks weighed on the index.

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.

BVBank (BVB) will officially list on HoSE starting July 21, 2026, with a reference price of 13,100 VND per share. The bank also plans to raise charter capital from 6,408 billion VND to 9,912 billion VND.

BVBank (BVB) secures State Bank of Vietnam approval to raise charter capital by up to VND 3,504 billion, bringing total to nearly VND 10,000 billion, ahead of its HOSE listing on July 21, 2026. The bank also reported Q1 2026 pre-tax profit of VND 216 billion, up 2.7x year-on-year, completing 31% of its full-year target.

Three banks, VietBank, BVBank, and ABBank, are accelerating their plans to transfer listing from UPCoM to HoSE, with VietBank set to start trading on July 14, 2026.

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.

Several Vietnamese banks reported strong profit growth for the first half of 2026, with ABBank and Vietbank posting pre-tax profit increases of 80% and 79.4% respectively, while Vietcombank showed solid asset growth. However, ACB Securities analysts warn of slower growth ahead due to narrowing credit headroom and net interest margin pressure.