Vietnam banks post strong H1 earnings as credit growth outpaces deposits

BAOVIET Bank reported a 12% rise in pre‑tax profit for the first half of 2026, with net interest income up 44% and total assets holding at VND 109.5 trillion. The bank highlighted expanded loan volumes, higher fee‑based income and ongoing digital transformation.

LPBank posted pre‑tax profit close to VND 6,000 billion, driven by a 33% jump in non‑interest income. Its total assets reached VND 615 trillion and the loan portfolio grew 10% year‑on‑year, supporting the economy’s capital needs.

Small‑cap developer BTH, with only six employees, announced a near‑400% surge in profit for the first six months and a cash dividend of VND 2,000 per share.

The National Bank of Vietnam warned that credit growth (7.41% YoY) is outpacing deposit growth (5.02% YoY), pushing the loan‑to‑deposit ratio above 111% and tightening liquidity. Officials said sustaining low interest rates will be difficult, potentially leading to modest rate increases.

Separately, regulators are encouraging a new wave of IPOs and listings to diversify corporate financing away from banks, aiming to attract large domestic and foreign‑invested enterprises and support long‑term infrastructure projects.