Insurance is contributing increasingly visibly to fee income at many banks, with bancassurance accounting for nearly 45% of new business premiums in the life insurance market. Techcombank reported insurance service income of VND 2,150 billion for the first nine months of 2026, 2.4 times the same period last year, while LPBank's insurance agency revenue reached about VND 5,689 billion, up 163%. Several banks are also expanding into insurance ownership: MSB has approved plans to contribute capital to establish or acquire life insurers and plans to set up a non-life subsidiary, while ACB Insurance was recently licensed with VND 500 billion in charter capital. Market life insurance premium revenue for the first nine months is estimated at VND 101,621 billion, down 4%, amid banks' efforts to lower lending rates and a narrowing room for net interest margin expansion. The article suggests that new entrants could intensify competition in products, distribution networks and service quality.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Bảo hiểm trở thành nguồn thu tiềm năng của các nhà băng
Keywords
insurancebanksinterest ratesVietnam
Open a keyword to see other news on the same topic.
Related tickers and likely impact
VNINDEX
▲ Likely positiveRelevance: low
| Market | Vietnam stocks |
|---|---|
| Close on 10/28/2026 | 1,766.65 |
| Change that session | +0.27% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- 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.
- Interest Rates on October 29 at Agribank, Vietcombank, BIDV, VietinBank, MB, VPBank, Techcombank, Sacombank, HDBank,...
A survey of online deposit rates at 35 banks on October 29, 2026 shows wide gaps between banks and across terms. For the 18-month term, VPBank leads at 7.4% per year, while five banks (MBV, PGBank, Sacombank, VCBNeo and VIB) each list 7% per year for 12 months. SCB has the lowest 12-month rate at 0.6% per year, 6.4 percentage points below the top. For 6 months, PGBank is highest at 6.9% per year, while 4.75% per year is the common 3-month rate, with SCB at only 0.1% per year.
- Savings rates fall to near 0% at one bank
Ngan hang TMCP Sai Gon (SCB) cut its online savings rates for new individual customers to 0.1-0.7% per year from October 26, 2026, well below the system's general level. Deposits of 31, 39 and 45 days and 1 to 5 months earn 0.1% per year, 6 to 11 months 0.5%, 12, 13, 15 and 18 months 0.6%, and 24 and 36 months 0.7%, the highest in the table. For 100 million VND deposited for 12 months at 0.6% per year, interest at maturity is 600,000 VND; for 24 months at 0.7%, estimated interest is 1.4 million VND, assuming the rate holds and no early withdrawal. The move follows an October 21 directive from the State Bank of Vietnam requiring banks to cut average deposit rates by at least 0.5 percentage points per year for new deposits of six months or longer in late 2026. SCB has been under special control since 2022 and has shrunk from nearly 240 transaction points to about 8 across 6 localities.
- Interest rates on October 28 at Agribank, Vietcombank, BIDV, VietinBank, MB, VPBank, Techcombank, Sacombank, HDBank,...
Online deposit rates posted by 35 banks on October 28, 2026 vary widely by bank and term. For 12 months, MBV, PGBank, Sacombank, VCBNeo and VIB all list 7%/year, the highest in the survey, followed by BVBank at 6.9%/year. VPBank leads the 18-month term at 7.4%/year, while PGBank tops the 6-month term at 6.9%/year. SCB's rates are well below other banks, at 0.6%/year for 12 months and 0.1%/year for 3 months, while many banks list 4.75%/year for 3 months. The article notes that actual rates may change and depend on the agreement between each bank and the depositor.
- One bank cuts savings rates to nearly 0%
Ngân hàng TMCP Sài Gòn (SCB) has cut online savings rates for newly opening individual customers to 0.1%–0.7% per year from October 26, with 12-month deposits at 0.6% and 24-month deposits at 0.7%. For a 100 million dong deposit, the article estimates interest of 600,000 dong over 12 months and about 1.4 million dong over 24 months, assuming the rate holds and there is no early withdrawal. The move follows a State Bank of Vietnam directive on October 21 that banks cut average rates on new deposits of 6 months or longer by at least 0.5 percentage points in late 2026. SCB has been under special control since 2022, typically keeps the lowest deposit rates in the market and rarely changes them, and has shrunk from nearly 240 transaction points to about 8 across 6 localities.
- On October 27, how much interest do MB, VPBank, Techcombank, Sacombank, SHB, HDBank and ACB pay for 12-month deposits under VND 1 billion?
On October 27, 12-month savings rates at the seven banks surveyed differed between counter and online deposits, with the highest at 6.8% per year for online deposits at Sacombank. At the counter, VPBank listed 6.4% per year for amounts under VND 1 billion, Techcombank 5.75%, SHB and MB both 5.7%, Sacombank 5.4% (under VND 500 million), HDBank 5.2% and ACB 4.8%. Online, Sacombank offered 6.8% (VND 50 million to under VND 500 million), VPBank 6.7%, Techcombank 6.25%, SHB 6.0%, MB 5.8%, HDBank 5.3% and ACB 5.2% (under VND 200 million). The article notes these rates are compiled from published rate tables, may change over time, and the actual rate depends on agreement between the bank and the depositor.
Related markets
Latest news
- Bitcoin ETFs add $137M, pushing October back into the green
US spot Bitcoin ETFs drew $137 million on Wednesday, lifting three-day inflows to roughly $424 million and October's net inflows to $111 million, after nearly $774 million flowed out over the final two trading days of the previous week. The rebound came as the Federal Reserve held its rate at 3.75% to 4% and Chair Kevin Warsh said inflation remained above the 2% target. Bitget analyst Lewis Huang said Bitcoin's near-term performance may depend more on Treasury yields, dollar movements and broader risk sentiment. Bitcoin traded at $79,848, down about 1% over 24 hours, while the Crypto Fear & Greed Index held at 51, or Neutral. Ether ETFs shed $21 million on Wednesday, bringing October's net outflows to $1.35 billion, and Ether fell 1.7% to $2,310.
- Shell nearly doubles quarterly profit year-on-year as refining margins soar to record high
Shell reported quarterly adjusted earnings of $10.8 billion, nearly doubling from $5.4 billion a year earlier, driven by higher commodity prices and a global squeeze on refined products amid the Middle East conflict and the Russia-Ukraine war. The result beat the $9.92 billion analysts expected, according to an LSEG-compiled consensus. Indicative refining margins reached $42 per barrel, well above the previous record of $28.04 per barrel in the second quarter of 2022. The company also announced a $5 billion share buyback for the next three months.
- Microsoft: 3 Key Takeaways for Long-Term Investors
On its fiscal first-quarter 2027 earnings call on Oct. 28, 2026, Microsoft said Microsoft Cloud revenue surpassed $63 billion, up 30% year over year. Management highlighted a shift from fixed per-seat subscriptions to consumption billing for autonomous Copilot agents, with customers consuming credits up over 75% in the quarter, Foundry revenue more than tripling on GPU efficiency gains, and first-party MAI models aiming to match frontier performance within 3 to 6 months at a fraction of the training cost. Microsoft added 24 data centers across 5 continents and cut dock-to-live times for new GB300s by about 20% quarter over quarter, while planning $170 billion in annual capital expenditure. Management said it has never been more confident in the long-term returns on its investments.
- History Says This Recession Indicator Is Almost Never Wrong. Here's What It's Saying Right Now.
As of writing, the S&P 500, Dow Jones Industrial Average and Nasdaq Composite have slipped about 2%, 3% and 5%, respectively, from their highs earlier this year, while the Fear and Greed Index has fallen to 32, in the fear zone. The article focuses on the yield curve, particularly the 10-year-to-two-year spread, a widely watched recession indicator that has inverted before nearly every recession since the 1970s. The curve has not been inverted since 2024, but it is sloping downward, and with more Fed rate hikes on the table, its direction is uncertain. The article notes that no indicator is fully accurate and that the timing of a downturn cannot be predicted, so choosing companies with durable competitive advantages and healthy finances is presented as a way to prepare. It also points out that the S&P 500 has risen more than 750% since January 2000 despite several historic bear markets.
- Amazon Could Buy Viasat As AST SpaceMobile Tries Rival Bid, Satellite Consultant Says: Musk-Bezos ‘Cage Fight’ Looms
Satellite consultant Tim Farrar said Amazon could soon announce an acquisition of Viasat, mainly for its international spectrum and to combine Viasat's Ka-band GEO business with Amazon Leo, strengthening Amazon's position in government and aviation. AST SpaceMobile has reportedly tried to assemble a rival bid, but it would need significant telco support and would likely face opposition from Viasat management, and Farrar did not disclose a deal value. The speculation follows FCC approval of Amazon's $11.5 billion Globalstar acquisition, expected to close in 2027, which gives Amazon 25 megahertz of mobile-satellite spectrum. Farrar also flagged risks in AST's tense relationship with Ligado and suggested SpaceX could pursue a stock-based deal for EchoStar's remaining business. Year to date, AMZN shares are up 10%, ASTS has fallen 42%, and VSAT has surged 127%.
- Bitcoin weakens to $80k as hawkish Fed, mixed tech earnings weigh
Bitcoin fell 0.9% to $80,133.1 on Thursday, erasing a brief rebound from the previous session, after the Fed held rates at 4.0% but reinforced bets on further hikes. Two of the 12 board members called for a 25 basis point increase, while Chair Kevin Warsh gave no clear forward guidance, highlighting the resilience of the U.S. economy and reiterating the 2% inflation target. CME FedWatch showed a 79.8% chance of a 25 bps hike in December, up from 73.4% a week earlier, while the 10-year Treasury yield moved back above 5%. Mixed earnings from Alphabet and Samsung also weighed on risk sentiment and pushed altcoins lower: Ether fell 1.5% to $2,316.64, XRP dropped 2.2%, while BNB gained 1.3%.
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.