News · CafeF

Bank profit update, morning of October 21: VPBank temporarily leads, more banks earn over VND 10,000 billion after nine months

As of the morning of October 21, eight banks had reported 2026 nine-month results, with most posting double-digit profit growth and VPBank earning nearly VND 30,000 billion. LPBank's pre-tax profit reached VND 10,421 billion over nine months, up nearly 9% and about 70% of its full-year plan, with a non-performing loan ratio of 1.87%. Techcombank's nine-month pre-tax profit rose 23.7% to VND 28,900 billion, with 12-month ROE at 16.3%. PGBank reported pre-tax profit after provisions of VND 630 billion, up 27%. ABBank's pre-tax profit reached VND 4,301 billion, nearly 96% of its full-year plan, with an NPL ratio of 0.80%.

Summary written by Upside AI from the original article. Read the source for full details.

Original headline: Cập nhật lợi nhuận ngân hàng sáng 21/10: VPBank tạm dẫn đầu, thêm ngân hàng lãi trên 10.000 tỷ sau 9 tháng

Read the original on CafeF ↗

Keywords

banksearningsVPB

Open a keyword to see other news on the same topic.

Related tickers and likely impact

VPB

▲ Likely positive

VPBank

Relevance: medium

MarketVietnam stocks
ExchangeHOSE
SectorBanks
Market cap240,000 bn VND
P/E7.7
P/B1.28
Close on 10/20/202624.00
Change that session0.00%
VPB price, forecasts and signals →

VNINDEX

▲ Likely positive

Relevance: low

MarketVietnam stocks
Close on 10/20/20261,691.97
Change that session+0.13%
VNINDEX price, forecasts and signals →

Impact is scored by AI from the headline and may be wrong. It is not investment advice.

Related news

  • VPBank posts nearly 30,000 billion VND in profit after nine months, up nearly 47% year on year

    VPBank’s consolidated pre-tax profit for the first nine months reached nearly 30,000 billion VND, up nearly 47% year on year and equal to its full-year 2025 result, or about 72.4% of plan. Net interest income rose 26.7% to nearly 53,100 billion VND, while net service income jumped 76.3%, lifting total operating income to nearly 65,500 billion VND (up 25.3%). Consolidated total assets topped 1.6 million billion VND, up 27.8% from end-2025, and customer deposits and valuable papers reached nearly 987,000 billion VND (up 34.2%). Individual NPL was held around 2%, below the 2.5% target, and third-quarter pre-tax profit exceeded 11,000 billion VND, marking two consecutive quarters of record profit.

    CafeF·▲ VPBVPBearningsbanks
  • From Cultural Appeal to Strategies for Growing Bank Value

    VPBank is placing pop culture at the core of its development strategy, as its shares have risen nearly 27% since late July, well ahead of the nearly flat VN-Index. The bank co-organized and was main sponsor of two BIGBANG concerts in Hanoi, which drew more than 50 million access visits to the ticketing platform, and then brought the group's Official Pop-up Store to its Flagship at 89 Láng Hạ, where thousands of fans queued from 3-4 a.m. The article cites KB Kookmin Bank's partnership with Aespa since 2021 and UOB's use of Taylor Swift's The Eras Tour, and notes that 91 of the world's 100 most valuable bank brands sponsor sports, per Brand Finance Banking 500 2025. It says these moves turn customer experiences into a competitive advantage.

    CafeF·VPBbanksbrands
  • VPBank cuts lending and deposit rates across the board

    VPBank will cut its lending rate by 1.5% for customers operating in six key sectors, effective 26 October 2026, and reduce rates by up to 1.5% on SME working-capital loans. It is also lowering online deposit rates by 0.5% for individuals on certain terms, including 15- and 18-month savings, from 20 October 2026. The moves follow government and State Bank of Vietnam directives to lower interest rates. Eligible borrowers can also get up to 12 months' principal grace, and the bank has set a 10,000 billion VND quota for the 1.5% cut on corporate working-capital loans in priority sectors.

    CafeF·• VPBVPBinterest ratesbanks
  • Strategic Partnership with SMBC Boosts VPBank's ProfitabilityCafeF·▲ VPBVPBbanksSMBC
  • Market Pulse 20/10: Heavy Pressure from Financial - Banking StocksVietstock·▼ VNINDEX▼ ACB▼ BID▼ CTGVNINDEXbanksVietnam
  • Bank Staff Push Last-Minute Deposits Ahead of Interest Rate Cuts

    Following a State Bank of Vietnam directive to lower deposit rates, staff at many banks are pushing customers to deposit funds at the last minute before rates fall. The central bank requires banks to cut deposit rates by at least 0.5 percentage point for terms of 6 months and longer, or face tighter credit growth targets. The highest listed rate for 6-12-month terms hit 8% in August, up 2.5 percentage points year on year, while a VnExpress survey found 6-month rates at 8.5-9.2% a year. Since the directive, 15 banks have announced new deposit rate schedules, mostly cutting by 0.5 percentage point to below 7% a year for terms of 6 months and above. Some analysts say rates are near their peak and could ease from early 2027, though a quick reversal is unlikely as credit demand tends to rise toward year-end.

    VnExpress·▲ VNINDEX▲ ACB▲ BID▲ CTGinterest ratessavings accountsbanks

Related markets

Vietnam stocks →

Latest news

  • NVIDIA (NVDA) Is Strengthening AI Conviction Balanced Against Evolving Competitive Risks

    The L1 Capital International Fund (unhedged) said in its Q3 2026 investor letter that NVIDIA was a leading contributor. The Fund returned +3.5% net of fees in the September 2026 quarter, beating its benchmark's 1.5% gain despite a stronger Australian dollar, and held 22 investments with the ten largest making up about 63% of assets. It views AI as both an opportunity and a source of uncertainty, and focuses on businesses with durable competitive advantages, earnings and cash generation. NVIDIA closed at $216.47 on October 20, 2026, down 4.01% over the past month but up 20.07% over the past year, with a market capitalization of $5.22 trillion. The letter notes NVIDIA's market cap is roughly ten times Cisco's at the peak of the dot-com bubble while its forward earnings multiple is about ten times lower, though it acknowledges risks and possible price corrections.

    Yahoo Finance·▲ NVDANVDAartificial intelligencevaluation
  • Solana’s Alpenglow launches on mainnet, targets 99% faster finality

    Solana’s first major consensus upgrade, Alpenglow, went live on mainnet around 1:54 pm UTC on Wednesday, according to the Solana Foundation’s dashboard. The upgrade aims to cut transaction finality by 99%, from about 12.8 seconds to roughly 150 milliseconds, by replacing the current voting and finalization mechanism with direct validator voting. At press time, mainnet showed 6.6-second finality and 4,721 transactions per second. A later phase, Rotor, is meant to replace Turbine for block data distribution, and Anza called Alpenglow the biggest change to Solana’s core protocol since genesis. SOL rose nearly 3% in the 24 hours before the upgrade, reversing part of a 42% decline over the past year.

    Cointelegraph·▲ SOL/USDTcryptoSOLUSDTblockchain
  • 'Black swan' event has a major impact on Vietnam’s diamond market

    At PNJ’s extraordinary shareholders’ meeting on October 21, the company said customer buybacks surged from July after an incident involving the P-Lab director, with July’s total value reaching nearly 6,000 billion VND, almost equal to all of 2025 (about 7,000 billion VND). General Director Phan Quốc Công called the episode a “black swan,” and the company shortened payment times for some gold and jewelry products to 2–7 days, while diamonds remain at 120 days. The board proposed booking a 7,071 billion VND provision in 2026, which would push the pre-tax result to a loss of more than 6,000 billion VND, even though revenue is projected at 39,057 billion VND, up 10%. PNJ also plans to close 25–30 underperforming stores and issue up to 550 million shares in a private placement; Chairwoman Cao Thị Ngọc Dung apologized to shareholders.

    CafeF·▼ PNJPNJgolddiamonds
  • Why SpaceX has the potential to be the world's largest hyperscaler

    SpaceX shares rose after its third-quarter results beat estimates, with the AI business generating $7.56 billion in revenue. Kenny Polcari and Daniel Newman argue SpaceX could be not just the fifth hyperscaler but potentially the largest, if Elon meets his ambitious plans, and mention a possible merger with Tesla. The discussion notes top-tier customers paying over 50 million dollars per megawatt and Elon's claim that capex returns arrive in under one year. The speakers also dismiss oversupply concerns, citing comments from Jensen and Sundar Pichai and spot pricing, and expect strong results from Amazon, Microsoft and Google next week.

    Yahoo Finance·▼ MSFT▼ GOOGL• AMZNSpaceXcloud computingdata centers
  • Tesla (TSLA) Needs Stronger Earnings to Justify Its Autonomy Ambitions

    The article argues that Tesla needs autonomous driving to become a profitable service rather than just an impressive demonstration, since the stock trades near 159 times forward earnings. Second-quarter revenue rose to $28.24 billion from $22.50 billion, but operating income fell to $398 million from $923 million as R&D spending jumped and automotive gross margin slipped from 17.2% to 16.9%. Tesla ended June with $43.5 billion in cash and short-term investments and generated $8.63 billion in first-half operating cash flow, which funds development but does not guarantee returns. The stock trades at 351.96 times trailing and 158.73 times forward earnings, far above the 15.40 consumer-discretionary median, while hedge fund holders fell from 123 to 116 and their combined stakes rose from $23.09 billion to $23.79 billion. The article concludes that the autonomy opportunity does not yet make the shares attractive for a new purchase at this valuation.

    Yahoo Finance·▼ TSLATSLAelectric vehiclesvaluation
  • Inflation for Urban Wage Earners Hit 3.9% in September. Here's What That Means for Social Security and Your Portfolio.

    The CPI-W, the index used to set Social Security cost-of-living adjustments (COLA), rose 3.9% from a year earlier in September 2026, above the broader 3.7% CPI. The 2027 COLA is projected at 3.6%, the average of the July (3.4%), August (3.5%) and September (3.9%) readings. Applied to the average retired worker's benefit of about $2,088 per month in 2026, that works out to roughly $75 per month, or $902 per year. The article argues this inflation does not require major changes to a stock portfolio, since current CPI is only slightly above its 50-year average. For investors worried about inflation, it suggests options such as low-cost index funds, short-term bonds, commodities, energy and financial stocks, and REITs.

    Yahoo Finance·▼ QQQ▼ SPY▲ DXY▲ XAU/USDinflationSocial Securitycost of living

All news →

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.