VAB

National Securities (VCI) swung to a pre-tax loss of VND 97B in Q2/2026 from a profit of VND 42B a year earlier, driven by a 50% revenue decline and a 75% increase in operating costs. The loss was primarily due to a near-total collapse in gains from FVTPL financial assets, which fell from VND 96B to just VND 1B. The weak results underscore the impact of adverse market conditions on VCI's proprietary trading and brokerage income.

VietABank (VAB) approved a 10.5% stock dividend issuance, reducing the ratio from the previously planned 15%, to increase charter capital from VND 8,163.6B to VND 9,020.7B in Q3-Q4 2026. The adjustment reflects a more conservative capital strategy aligned with actual financial performance.

VietABank (VAB) increases charter capital by VND 1,224B to VND 9,388B through a 15% stock dividend, funded from retained earnings. Nam Kim Steel (NKG) issues 45M shares for a 10% stock dividend, lifting capital to VND 4,923B. VikkiBankS targets a 4.5x capital increase via a VND 1,750B private placement. The moves reflect a broader trend of Vietnamese listed firms using equity-linked instruments to fund growth.

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.

VietABank (VAB) has approved a three-part capital increase plan for 2026, starting with a 15% bonus share issuance of over 122 million shares from retained earnings, followed by a rights offering of 310 million shares at 10,000 VND each and a 20 million share ESOP. If completed, charter capital would rise from 8,164 billion VND to 12,688 billion VND, strengthening the bank's capital base for business expansion.

VietABank (VAB) surged to the ceiling price on May 26 with nearly 3 million shares traded, following the announcement of a capital increase plan. The first phase involves a 15% stock dividend worth VND 1,225 billion, part of a broader plan to raise charter capital by over 55% to VND 12,688 billion. The stock's book value of ~VND 13,000/share suggests potential upside from the current market price.

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%.

VietABank (VAB) posted Q1 2026 pre-tax profit of VND 508 billion, a 44% year-over-year increase, propelled by a 64% jump in net service income. The bank's strategic push into digital payments and SME banking, including the launch of an integrated business account with VNPAY, is reshaping its revenue mix as service income now contributes 8.4% of total net revenue.

The State Bank of Vietnam (SBV) net withdrew VND 71,563 billion from the banking system via open market operations (OMO) in the week of April 13-17, 2026, while 30 commercial banks including VPBank (VPB) cut deposit rates by 0.1-0.5 percentage points. This coordinated action, following an SBV meeting, signals a deliberate easing of funding costs and system liquidity, potentially supporting bank net interest margins as pressure from the USD/VND exchange rate subsides.