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- Sensex , Nifty open lower as investors track bank earnings , rising oil prices
The BSE Sensex opened at 74,594.65, down 134.62 points (0.18%), and the NSE Nifty 50 at 23,096.85, down 49.30 points (0.21%), after last week's rally delivered the strongest weekly performance in about six months. Investors are watching September-quarter results from HDFC Bank, which narrowly missed estimates on weaker treasury income and higher bad-loan provisions, and ICICI Bank, which beat expectations on loan growth and lower provisions. Brent crude is trading near $108 a barrel, after easing from $110 on Friday, keeping pressure on sentiment. Foreign investors turned net buyers, purchasing shares worth ₹11.66 billion ($122.79 million) after 15 consecutive sessions of selling, while domestic institutions were net sellers of ₹36.61 billion. Analyst Hariselvan Radhakrishnan of HST Wealth said a positive reaction to private banks could help the market absorb higher oil prices, with Nifty facing immediate resistance at 23,150.
- Morning of 19/10: Five banks report nine-month profits, with the system's largest private bank posting record earnings
VPBank reported consolidated pre-tax profit of nearly VND 30,000 billion for the first nine months, equal to its full-year 2025 result, up nearly 47% and reaching about 72.4% of its annual plan; Q3 profit exceeded VND 11,000 billion, its highest quarterly level in history. Consolidated total operating income rose 25.3% to nearly VND 65,500 billion, with net interest income up 26.7% and net service income up 76.3%. ABBank estimates pre-tax profit of VND 4,540 billion, up 97% and completing 100% of its annual profit plan, with its NPL ratio kept below the 1.5% target. Nam A Bank posted over VND 4,700 billion, up 25% and reaching nearly 80% of its annual plan, while its NPL ratio was about 1.5% and its CAR stood at 11.3%. Vietbank earned VND 1,297 billion, up 50%, and SHB estimates VND 14,300 billion for nine months.
- 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.
- Madame Nguyen Thi Nga: From her father's lesson “borrow little, repay in full” to responsibility for the “big debt” of an entrepreneur honored as a Labor Hero of the Renovation era
Nguyen Thi Nga, Chairwoman of BRG Group and SeABank, recalls her father's lesson that one who borrows little must repay in full and one who borrows ginger must repay with honey, and she treats every opportunity or trust she receives as a loan that must be repaid with dedication and results. She holds that good growth is not growth at any cost, which is why SeABank invested early from 2006 in the T24 core banking system and partnered with Société Générale to standardize its retail model. Over more than 30 years, the bank has raised its charter capital from VND 5 billion to VND 32,688 billion, with assets of nearly VND 400,000 billion and 2025 pre-tax profit of VND 6,868 billion. The article also covers the Sheraton Grand Da Nang project, which had to be completed in 14 months to serve the APEC 2017 Summit, when progress at one point ran two to three months behind schedule. Ms Nga says there were moments she wanted to step back, but she kept going out of responsibility to tens of thousands of employees.
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Hai Phong Thermal Power (HND) disclosed an appellate ruling in a coal supply dispute with Dan Ka Mineral, under which the court accepted the plaintiff's appeal and ordered the company to pay nearly VND 115 billion, including a coal price difference of over VND 80.15 billion and interest of over VND 34.65 billion. The dispute stems from a 2021 contract, with disagreement over price adjustments after global coal prices rose sharply in 2022. Duong Son Ba, the company's general director, was arrested on 21 May 2026 over alleged forgery of documents of an agency or organisation, and the board dismissed him from the post on 13 October, with no successor yet announced. In the first half of 2026, the company reported net revenue of nearly VND 6,081 billion, up 8%, and after-tax profit of over VND 508 billion, up nearly 25%.
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- Strategy on verge of golden cross, just weeks after bitcoin flashed same bullish signal
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