VPBank has become the first private bank to surpass VND 200,000 billion in owners' equity, reaching VND 200,078 billion in its Q3/2026 financial report, up VND 8,863 billion in the quarter alone and nearly VND 19,800 billion since the start of the year. Vietcombank passed this level first in the system in 2025, VietinBank reached VND 200,214 billion as of June 30, 2026, and Techcombank stood at VND 197,325 billion at the end of Q3. The growth of the two private banks comes mainly from retained profits: in the first nine months of 2026, VPBank's pre-tax profit was nearly VND 30,000 billion, up about 47%, while Techcombank's reached VND 28,915 billion, up 23.7%. The article notes that charter capital makes up only about 36% and 40% of owners' equity at Techcombank and VPBank, and that stock dividends do not increase owners' equity.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Ngân hàng tư nhân đầu tiên có vốn chủ sở hữu vượt 200.000 tỷ đồng
Keywords
banksVPBankbank capitalVietnam
Open a keyword to see other news on the same topic.
Related news
- A bank stock drew buying from more than 50 funds, with Q3 profit forecast to surge
Bank stocks made up 8 of the 10 most net-bought stocks by funds in September, with net buying of about VND 1,034 billion, mainly in VPB, MBB and ACB, marking the second consecutive month of net buying. MBB drew about 52 funds, the most participants, while VPB saw net buying of 28.7 million shares from 20 funds. FiinGroup attributed much of the flow to ETF portfolio rebalancing rather than individual decisions by open-ended funds. SSI Research forecasts Q3 2026 pre-tax profit for the banks it analyzed at VND 10,000 billion, up 38% year on year but down 5% quarter on quarter, with pressure from NIM and bad debt. Meanwhile, equity funds fell an average of 6% in Q3, and investment funds saw net outflows of about VND 8,600 billion.
- Government to submit new resolution on wage policy to Central Committee
Deputy Prime Minister Phạm Thị Thanh Trà said during a group discussion on the afternoon of Oct. 21 on laws covering labor, employment and social insurance that the Government is drafting a proposal to report to the Political Bureau. The proposal is expected to go to the Central Committee at its Fifth Plenum to issue a new resolution on wage and social insurance policy, replacing Resolutions No. 27-NQ/TW and No. 28-NQ/TW. According to the Deputy Prime Minister, the current amendment to the Social Insurance Law mainly addresses immediate issues such as expanding coverage, while a more fundamental and comprehensive revision will follow the new resolution. For the Employment Law, the focus is cutting unnecessary licenses and reviewing rules on labor leasing, though simplifying procedures does not mean loosening management. Lawmakers also raised rules on depositing funds in joint-stock commercial banks with state capital, and the Government aims for safety, sustainability and timely payment of benefits.
- Why did the stock market suddenly surge 47 points on the October 21 session?
VN-Index closed October 21 up 46.7 points (2.76%) at 1,738.67, its biggest gain in over half a year, as cash flowed into blue-chip stocks, with VIC and VHM alone contributing nearly 30 points. HOSE matched trading value rose nearly 60% from the previous session to nearly VND 18,000 billion. Deposit rates are also cooling after the State Bank asked 46 commercial banks to cut listed rates for terms of 6 months and longer by at least 0.5 percentage points a year, and 15 banks had announced cuts by the morning of October 20. CSI's Đỗ Bảo Ngọc said this may be only an early step: rate cuts need to become a medium-term trend, and trading value must stay high, before cash clearly returns to stocks. Experts note one session is not enough to confirm a lasting shift from savings into equities.
- Lending rates cut by up to 3 %, to lower borrowing costs for businesses and priority sectors
Nearly 20 Vietnamese banks have cut deposit rates, generally by 0.5 percentage points per year, while 14 lenders have announced lending rate cuts of mostly 1.5–2 percentage points, and up to 3 points in some cases. The moves follow requests from the Government and the State Bank of Vietnam to lower borrowing costs for businesses and priority sectors. VPBank cut lending rates by 1.5 points for individuals in six key sectors and allocated VNĐ10 trillion (US$380 million) to SME working capital loans, while Vietcombank offers cuts of up to 3 points on certain short-term loans. At an October 19 meeting with 46 commercial banks, SBV Governor Phạm Đức Ấn urged lower rates while safeguarding financial stability, noting that the loan-deposit gap had narrowed from nearly VNĐ2 quadrillion to under VNĐ1.5 quadrillion.
- Techcombank Named “Best Bank in Vietnam” for Third Straight Year by Global Finance, Extending “Hat-trick” From Three Prestigious Global Institutions
Techcombank has received the “Best Bank in Vietnam 2026” award from Global Finance at the World’s Best Banks Awards ceremony held on the sidelines of the IMF/World Bank Annual Meetings in Bangkok, marking the third consecutive year it has earned a hat-trick of top honors from three international institutions. It is the only Vietnamese bank on the World’s Best Banks 2026 list. In the first nine months of 2026, pre-tax profit reached VND 28.9 trillion, up 23.7%, including a record quarterly pre-tax profit of VND 10.4 trillion in Q3, driven by a 40% rise in service income. Its NPL ratio was around 1.26% and its CAR 15%, and its charter capital increase to VND 106,593 billion was approved. The bank serves 19.1 million customers, with a BEI of 3.8 and an NPS of 98 in Q3.
- Bridging the gap between deposit mobilization and credit growth
As of October 14, 2026, outstanding credit across the economy exceeded VND 20.72 million billion, up 11.44% from end-2025, while deposit mobilization grew 11.22% as of the October 19 meeting, lagging credit growth. The article says demand for capital is rising faster than banks' ability to raise funds, even though household deposits rose 10.63% to about VND 11.43 million billion by end-August. It warns that simply raising deposit rates could push up funding costs and make lending rates harder to cut. At the October 19 meeting, the State Bank of Vietnam asked banks to cut deposit rates by at least 0.5 percentage points for terms of 6 months or more and lending rates by 1.5-2 percentage points for production, business and priority sectors. Banks including BIDV, Agribank and Vietcombank have announced support programs, but the article argues that effectiveness should be judged by how many firms actually access capital and the real reduction in borrowing costs.
Related markets
Latest news
- On October 22, Russia Officially Delivers Good News to the US
Russian Deputy Prime Minister Alexander Novak said a vessel carrying about 40,000 tons of diesel will depart today, October 22, for the US, though he did not name the port; Putin said further shipments would follow. The shipment is the latest step in a US–Russia energy arrangement announced by Trump on 9/10, which envisaged more than 300,000 tons immediately, 500,000 tons in November and one million tons afterward. The first cargo equals only about 13% of the initial tranche, though Moscow says more cargoes are being prepared. Diesel retail prices in the US have stayed above $6 per gallon since September, pressuring transport and agriculture ahead of the 3/11 midterm elections, and Washington hopes returning Russian supply will cool the market. Ukraine and some Western allies have objected, fearing the deal will give Moscow more energy revenue while fighting continues.
- Cardano Foundation urges EU against expanding MiCA rules to DeFi and staking
The Cardano Foundation has urged the EU not to create standalone rules for DeFi and staking, arguing that existing financial laws should apply based on the functions and risks of an activity rather than the technology used. In its 19-page submission to the European Commission dated Sept. 30, it distinguishes direct participation in decentralized networks from intermediary services, particularly custody or control of users' assets. It says Cardano users can delegate ADA to help secure the network without surrendering custody or locking tokens. The foundation also warns that overlapping MiCA and existing financial rules could create uncertainty for crypto businesses. In an Oct. 20 letter, it joined five other blockchain organizations urging the SEC to recognize digital commodities as non-securities.
- Anthropic's leaked IPO filing raises more questions than answers
Yahoo Finance's Market Hang panel breaks down the reportedly leaked S-1 filing of Anthropic (ANTH.PVT) ahead of a potential IPO, focusing on its revenue, costs and business model. According to the discussion, the company spent $9 billion on compute to generate $16 billion in revenue, 20% of its revenue comes from two customers, and it has $450 billion in compute commitments, about half non-cancelable. Roughly $750 billion more in deals is still under negotiation. Panelists question whether Anthropic can become profitable and generate cash flow, comparing it to WeWork's above-market leases, and say the $2 trillion target valuation mostly reflects market sentiment.
- Wendy turns its attention to value
Wendy's is promoting a limited-time Dave's Single combo for $7.99 and bringing back yellow packaging abandoned in 2012, as part of an effort to win back value-conscious customers. CEO Bob Wright admitted that the chain's quality differentiation has eroded, its value proposition has weakened, and its Biggie value platforms have become too complex. He said Wendy's will apply a tiered value approach across its core menu, everyday value and promotions, modeled on what worked at Potbelly. Same-store sales have declined for six straight quarters, traffic fell 12.5% last quarter, and the chain closed 245 locations in the first half of the year. Wendy's has promised more changes, which Wright is expected to detail with third-quarter earnings next month.
- Fact check : When it comes to Trump economy , these numbers matter
The AP fact check finds that although President Trump says the economy is booming ahead of the midterm elections, voters remain concerned about inflation, gasoline prices tied to the Iran war, and high borrowing costs. CPI inflation stood at 3.7% over the past 12 months, after slowing until April 2025 and then climbing again following new tariffs. GDP has grown a little over 2% annually and unemployment is 4.2%, but job gains average almost 39,000 per month, versus 121,000 in the year before Trump returned to the White House. The 10-year Treasury yield is above 5%, its highest since 2002, while the S&P 500 is up about 12% this year. Wealth of the top 0.1% of households rose $5.5 trillion in 18 months, while the bottom 50% gained only $380 billion.
- Fact check : When it comes to Trump economy , these numbers matter
The AP fact check finds that although President Trump says the economy is booming ahead of the midterm elections, voters remain concerned about inflation, gasoline prices tied to the Iran war, and high borrowing costs. CPI inflation stood at 3.7% over the past 12 months, after slowing until April 2025 and then climbing again following new tariffs. GDP has grown a little over 2% annually and unemployment is 4.2%, but job gains average almost 39,000 per month, versus 121,000 in the year before Trump returned to the White House. The 10-year Treasury yield is above 5%, its highest since 2002, while the S&P 500 is up about 12% this year. Wealth of the top 0.1% of households rose $5.5 trillion in 18 months, while the bottom 50% gained only $380 billion.
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.