As of the evening of October 20, several banks had reported 9-month 2026 results with profits up year on year. VPBank posted consolidated pretax profit of nearly VND 30,000 billion for nine months, up nearly 47%, with Q3 profit topping VND 11,000 billion, its highest quarterly level on record. Techcombank (TCB) reported VND 28,900 billion in pretax profit for nine months, up 23.7%, and VND 10,400 billion in Q3, while SHB estimates VND 14,300 billion, up 17%. Smaller results included PGBank's VND 630 billion, up 27%, and ABBank's VND 4,301 billion pretax profit, twice its level in the same period of 2025.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Cập nhật lợi nhuận ngân hàng tối 20/10: Thêm nhà băng lãi hơn 10.000 tỷ trong quý 3, một ngân hàng cao gấp đôi cùng kỳ
Keywords
Open a keyword to see other news on the same topic.
Related tickers and likely impact
VNINDEX
▲ Likely positiveRelevance: medium
| Market | Vietnam stocks |
|---|---|
| Close on 10/20/2026 | 1,691.97 |
| Change that session | +0.13% |
ACB
▲ Likely positiveAsia Commercial Bank
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Banks |
| Market cap | 118,410 bn VND |
| P/E | 7.6 |
| P/B | 1.19 |
| Close on 10/20/2026 | 20.25 |
| Change that session | 0.00% |
BID
▲ Likely positiveBIDV
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Banks |
| Market cap | 265,238 bn VND |
| P/E | 8.2 |
| P/B | 1.40 |
| Close on 10/20/2026 | 33.65 |
| Change that session | 0.00% |
CTG
▲ Likely positiveVietinBank
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Banks |
| Market cap | 236,892 bn VND |
| P/E | 5.9 |
| P/B | 1.21 |
| Close on 10/20/2026 | 30.45 |
| Change that session | -0.16% |
MBB
▲ Likely positiveMBBank
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Banks |
| Market cap | 201,375 bn VND |
| P/E | 6.7 |
| P/B | 1.28 |
| Close on 10/20/2026 | 19.65 |
| Change that session | -0.25% |
TCB
▲ Likely positiveTechcombank
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Banks |
| Market cap | 243,767 bn VND |
| P/E | 8.5 |
| P/B | 1.30 |
| Close on 10/20/2026 | 33.95 |
| Change that session | +2.11% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Foreign investors pour nearly VND 350 billion into one bank stock in the October 20 session
Foreign investors were net sellers of about VND 275 billion across the market in the October 20 session, including VND 220 billion on HOSE. TCB was the most heavily bought stock on HOSE at over VND 345 billion, followed by HPG and FRT at VND 145 billion and VND 78 billion, while ACB led net selling at VND 137 billion. The VN-Index stayed in the red for most of the session amid cautious sentiment before recovering slightly to close up 2 points at 1,691, with HOSE liquidity topping VND 13,000 billion.
- Techcombank posts record quarterly profit of VNĐ10 . 4 trillion
Techcombank reported record third-quarter pre-tax profit of VNĐ10.4 trillion (US$402 million), up 25.8% year-on-year. For the first nine months, total operating income rose 17.1% to VNĐ45.2 trillion and pre-tax profit increased 23.7% to VNĐ28.9 trillion, with trailing 12-month ROE at 16.3%. Net fee income grew 40%, led by a 136.6% jump in letter of credit, cash and payment fees, while investment banking fees fell 17.5% as higher interest rates weighed on margins. Customer deposits rose 8.4% to VNĐ692.1 trillion, but the NPL ratio climbed to 1.36% from 1.15%, which the bank mainly attributed to several individual loans outside its core sectors. Subsidiary TCBS also posted its highest quarterly pre-tax profit to date, at VNĐ2.15 trillion.
- Service income up 40%, Techcombank consolidates leading position, record Q3 profit
Techcombank reported Q3/2026 pre-tax profit of VND 10.4 trillion, its highest quarterly level to date, lifting nine-month pre-tax profit to VND 28.9 trillion, up 23.7% year on year. Service income for nine months rose 40.0% to VND 11.8 trillion, mainly from letter of credit, cash and payment income up 136.6%, helping diversify income while net interest margin remains under pressure. Credit growth accelerated on national infrastructure projects, with total assets at VND 1.3 million billion as of Sept 30, 2026, and the capital adequacy ratio (CAR) at 15.0%. Nine-month operating expenses rose 18.7% as the bank expanded staffing, marketing and technology investment.
- Techcombank sets record date for 50% stock dividend
Techcombank's Board has issued a resolution to issue over 3.54 billion shares as a 50% stock dividend, where every 100 shares receive 50 new shares. The final record date is October 30, 2026, funded by undistributed retained earnings in the audited 2025 financial statements. Shareholders approved the plan with about 69.94% of votes in favor, and the State Bank of Vietnam approved a charter capital increase of up to VND 35,730.97 billion, including ESOP shares. After the dividend, the bank will offer nearly 29.97 million shares to employees at VND 10,000 each, with a one-year transfer restriction; completing both steps would bring charter capital to about VND 106,593 billion. In the first half of 2026, pre-tax profit reached VND 18,540 billion, up 22.5% year on year.
- Techcombank cuts lending rates by up to 2%, focusing on production and business activities
Following directives from the Government and the State Bank of Vietnam, Techcombank is cutting lending rates by up to 2% per year, focusing on production and business activities, with a total scale of VND 40,000 billion. The bank is also reducing deposit rates by 0.5% for terms of 6 months or longer, applying to all individual and corporate customers. Its SME and household business support program totals VND 20,000 billion, with VND 10,000 billion rolled out from September 2026 and another VND 10,000 billion added from October 2026, to fund working capital, imports and production expansion. A separate VND 20,000 billion preferential credit program, “Đồng hành cùng doanh nghiệp - Bứt tốc thành công”, targets corporate and financial institution clients in manufacturing, import-export, logistics, energy, infrastructure and agriculture.
- TCBS reports record Q3 pre-tax profit of over VND 2,100 billion
Related markets
Latest news
- Crypto traders price India telecoms company Reliance Jio's IPO at about $110 billion
Crypto traders are pricing Jio Platforms at about $110 billion through Bitget's JIOUSDT perpetual contract, which traded near $12, a roughly 4% premium to the top of the IPO price band, while the public subscription remains open. The contract launched on Oct. 14, has traded between $11.48 and $12.24, and generated about $4.4 million in volume, but it carries no shares, voting rights or dividends. It could swing sharply if the IPO is delayed, repriced or canceled. Jio Platforms is the telecom and digital arm of Reliance Industries, and the IPO seeks about 302 billion rupees, the largest in India's history, surpassing Hyundai Motor India's 279 billion-rupee sale in 2024. Similar contracts for SpaceX traded before its debut and implied a $2.2 trillion valuation, while the company's official IPO valuation was almost 20% lower at $1.8 trillion.
- LPBank: Construction loan balance surges by VND 48,000 billion in Q3, record profit driven by service income
In Q3/2026, LPBank's construction loan balance rose by nearly VND 48,000 billion, lifting the sector's share of total loans above 20% and making it the second-largest group after wholesale, retail, and auto and motorbike repair. Q3 pre-tax profit reached VND 4,448 billion, up nearly 29% year on year and the highest quarterly profit on record, while net interest income fell about 7.4%. The gap was offset by net service income of VND 3,395 billion, nearly four times the prior-year level. For the first nine months, pre-tax profit totaled VND 10,421 billion, up 8% and about 70% of the full-year plan of VND 14,982 billion. Other service income made up over 91% of service income, but the financial statements do not break it down, so the reasons for its sharp rise cannot be determined.
- Should You Buy GE Vernova Stock With $1,000 Right Now?
The article argues that GE Vernova, which makes natural gas turbines, wind turbines and grid equipment, has seen its shares rise nearly 600% since its 2024 spin-off from GE Aerospace, driven by power demand from AI data centers. In Q2, the power division took $16.7 billion in new orders, up 134%, while the electrification arm grew revenue 68% to $3.6 billion and orders 93% to more than $6.3 billion. Total backlog stands at $176 billion, far above the $53 billion analysts expect for next year's revenue, and manufacturing capacity is the main bottleneck. Management said about 80% of its customers are traditional and 20% are data centers, and the IEA expects global electricity demand to grow 3.5% per year through 2030. The article notes a consensus price target of $1,199.47.
- Google’s AI Dominance Has Prediction Markets Betting Big — But Anthropic Could Flip the Script
Alphabet-owned Google appears to be leading the AI race for now, but prediction markets are betting Anthropic will pull ahead by year-end. Polymarket, a Polygon-based platform, prices an 81% chance for a Google-related outcome, though the excerpt is cut off before the details.
- Chinese Prosecutors Seek to Confiscate $5.1B in Bitcoin Seized by UK in Qian Case
Prosecutors in Tianjin have applied to confiscate 61,896 BTC and related assets linked to Zhimin Qian, which are held in the UK, and a local court has accepted the case. At around $82,000 per BTC, the Bitcoin is worth about $5.1 billion. The prosecutors allege Qian sold unlicensed fake wealth management products from 2014 to 2017, raising more than 40.38 billion yuan and leaving over 102,000 investors with losses of about 19.98 billion yuan. In the UK, the High Court ruled on Oct. 12 that Chinese law should govern victims' claims to the coins, a decision seen as improving the government's chances of keeping them. Law firm Fieldfisher, which represents the claimants, is seeking to appeal, while a London lawyer notes the ruling does not decide who owns the Bitcoin.
- Chinese Prosecutors Seek to Confiscate $5.1B in Bitcoin Seized by UK in Qian Case
Prosecutors in Tianjin have applied to confiscate 61,896 BTC and related assets linked to Zhimin Qian, which are held in the UK, and a local court has accepted the case. At around $82,000 per BTC, the Bitcoin is worth about $5.1 billion. The prosecutors allege Qian sold unlicensed fake wealth management products from 2014 to 2017, raising more than 40.38 billion yuan and leaving over 102,000 investors with losses of about 19.98 billion yuan. In the UK, the High Court ruled on Oct. 12 that Chinese law should govern victims' claims to the coins, a decision seen as improving the government's chances of keeping them. Law firm Fieldfisher, which represents the claimants, is seeking to appeal, while a London lawyer notes the ruling does not decide who owns the Bitcoin.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.