[CLSTR]
< Back to situation

[REVISION HISTORY]

Vietnam banks H1 2026 profits diverge, BVBank spikes

Updated 1 time since CLSTR started tracking revisions of this situation.

What changed

2026-07-26 09:06 UTC → 2026-07-31 02:17 UTC · added removed

Vietnam banks mixed H1 profits, deposit rates rise 2026 profits diverge, BVBank spikes

Vietnamese banks continued to keep kept 12‑month term‑deposit rates near or above 6.5 % through mid‑July 2026, but intense and competition pushed effective yields on many 6‑12‑month products above 9 % by late July. Institutions such as VikkiBank and HDBank advertised rates exceeding 9 %, while others offered 8‑8.8 % yields through with added incentives. ABBank’s recent share issuance raised its charter capital to about VND 16.07 trillion, reinforcing its strategy to improve capital adequacy, fund digital‑transformation projects and expand high‑performance retail banking. In the first half of 2026, thirteen banks reported divergent results. The sector’s earnings remained split. Saigonbank’s pre‑tax profit fell 72 %, % to VND 48 billion and Eximbank dropped 51 %, and LPBank slipped 3.1 % year‑on‑year, though its Q2 earnings rose 5 %. to VND 730 billion, while KienlongBank posted a rose 15.8 % gain, while and Vietbank maintained posted a 79 % increase, and ACB achieved 107 % of jump. AB​Bank’s recent capital increase to about VND 16.07 trillion underpinned its target despite digital‑transformation plans. A striking outlier emerged as BVBank recorded a small 0.4 486 % decline. surge in pre‑tax profit, reaching VND 547 trillion, the sector’s strongest gain. ABBank followed with an 80 % rise to VND 3,016 trillion, and other banks such as PGBank, NCB and Vietbank posted gains of 66‑79 %. The mixed performance underscores profit boom translated into higher staff compensation; LPBank posted the steepest salary growth, while VPBank’s average pay slipped amid a headcount rise. Overall, the first half of 2026 highlighted a rapidly shifting Vietnamese banking landscape, where strong credit growth and digital‑service expansion coexist with heightened intense deposit‑rate competition coexists with pronounced profit divergence and variable profitability across the sector. selective outperformance by a few institutions.

Versions

  1. 2026-07-31 02:17 UTC Vietnam banks H1 2026 profits diverge, BVBank spikes
  2. 2026-07-26 09:06 UTC Vietnam banks mixed H1 profits, deposit rates rise

Only revisions since CLSTR began indexing content versions appear here. Select a version to see what changed compared to the one before it.