As of late October 2026, 10 banks, including VPBank, Techcombank, SHB and LPBank, reported combined estimated pre-tax profit of over VND 96,000 billion for the first nine months. Techcombank's pre-tax profit reached VND 28,900 billion, up 23.7%, while LPBank's reached VND 10,421 billion, up nearly 9% and about 70% of its full-year plan. Kienlongbank posted VND 1,713 billion, up 11.5%, although its third-quarter profit fell 12.7%. Saigonbank was the first bank to report a sharp profit decline, with nine-month pre-tax profit of about VND 66 billion, down nearly 75%, as service and foreign exchange income fell and operating costs rose. PGBank reported VND 630 billion in pre-tax profit after provisions, up 27%.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Trưa 26/10: 10 ngân hàng báo lãi hơn 96.000 tỷ đồng, xuất hiện nhà băng đầu tiên sụt giảm lợi nhuận
Keywords
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 10/23/2026 | 1,774.15 |
| Change that session | +0.77% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Weekly market review: Liquidity surges, banking stocks lead the rebound
The VN-Index gained 68.24 points (about 4%) over the week to close at 1,774.15, snapping a four-week decline, as average trading volume on HoSE reached nearly 712 million shares per session, up 22.2% from the prior week. VIC contributed more than 36.7 points, while STB rose by its 6.86% daily ceiling to 68,500 dong per share, with a market capitalisation of 129,137 billion dong. Foreign investors were net sellers of over 1,000 billion dong for the week, despite net buying of 190 billion dong on 21/10. BSC sees the index entering a sensitive resistance zone of 1,768 - 1,778 points, while VNDIRECT attributed the rally mainly to reactions to third-quarter 2026 results from banking and real estate stocks. Experts also cautioned against FOMO-driven chasing during euphoric sessions.
- Bank Profits Surge
The 9-month 2026 results show many banks continued to grow profits, with some posting record quarterly earnings. VPBank's pre-tax profit reached nearly VND 30,000 billion, up nearly 47%, equal to its full-year 2025 result and about 72.4% of its 2026 plan; Q3 pre-tax profit topped VND 11,000 billion. Techcombank posted VND 28,900 billion (up 23.7%), while LPBank reported VND 10,421 billion (up nearly 9%). SSI forecasts pre-tax profit of its monitored banks to rise 19.5% in 2026 before slowing to 15.4% in 2027, pressured by narrowing net interest margins and rising credit risk provisions. It also expects system-wide credit growth of 16-17% in 2027 and 17.9% for the monitored banks.
- Bank earnings update (evening of Oct 20): Another bank posts over VND 10,000 billion in Q3 profit, while one bank's profit doubles year on year
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.
- Bank Profit Update, 17 October Morning: All Show Double-Digit Growth, One Bank Nearly Doubles Profit
Updated estimates for the first nine months of 2026 show every bank listed posting double-digit profit growth. SHB estimates pre-tax profit of 14,300 billion VND, up 17% and 81% of its full-year plan, with total assets of 990,000 billion VND and credit outstanding of 680,000 billion VND. ABBank estimates about 4,540 billion VND, up 97% and reaching 100% of its annual plan, with bad debt kept below the 1.5% target. Nam A Bank reported over 4,700 billion VND, up 25%, while Vietbank earned 1,297 billion VND, up 50%, helped by a 12% rise in net interest income. SHB also said proceeds from the SHB Finance transfer will be booked in Q4 2026.
- Riding the Q3 earnings wave, brokerage points to groups of stocks with surprisingly low valuations
TPS says that although market-wide after-tax profit rose 49.2% in the first half of 2026, many stock groups are still valued below their historical averages. Specifically, P/E for domestic retail and food-beverage stocks is about 58% and 25% below their 5-year averages, IT stocks trade at a 35–40% discount, and banks have a P/E of 8.52, 14–16% below historical levels. VN-Index trades at a P/E of 12.05, about 21% below its 10-year average. TPS outlines three October scenarios: a base case with 50% probability of consolidating around 1,715–1,785 points, a positive case with 20% probability aiming for 1,870 points, and a negative case with 30% probability that could see a drop to 1,660 points, with a stock-cash allocation of 60/40 suggested in the base case.
- Good News for Vietnam's Stock Market
MBS says the 68-point rise in VN-Index last week confirmed a short-term bottom around 1,700-1,720 points, despite pressure from a global sell-off in AI stocks and Brent crude nearing USD 117 per barrel. The index gained about 4%, its strongest weekly rise since the start of the year, and ended a four-week losing streak. Under Official Dispatch 9736/NHNN-CSTT, commercial banks must cut deposit rates for terms of six months or more by at least 0.5% a year, and several major banks have launched preferential loan packages with rate reductions of about 1.5-2% a year. The group's reported after-tax profit for the third quarter rose 32.7% year on year, though gains varied widely across sectors. MBS says VN-Index may consolidate around 1,760-1,780 points.
Related markets
Latest news
- VinFast CEO Phạm Nhật Quân Anh speaks out for first time on sale of 2 Vietnam factories
In his first exchange with analysts since taking over as CEO last month, Phạm Nhật Quân Anh said VinFast sold 70,085 electric vehicles in Q2 2026, bringing first-half sales to 43% of its 300,000-vehicle target for the full year. The company plans to launch more models, invest in autonomous driving technology and expand into more markets, including with affiliated taxi company Green SM. Vietnam accounted for 89% of its Q2 EV sales, while the Philippines, Indonesia and India are the key overseas markets, with the Americas and Europe under review. As part of its restructuring, VinFast sold two major factories and transferred 7 billion USD of debt to investors linked to Phạm Nhật Vượng and Vingroup, but said vehicles will still be produced under long-term manufacturing agreements. It also plans to launch its first gasoline-assisted EV, while the VF Wild REEV, its first range-extended EV, is the latest model.
- Oil slides over 2% as traders weigh Saudi attack risks, demand destruction
U.S. crude fell over 2% on Monday as investors weighed the risk of further attacks on Saudi energy infrastructure against the possibility that high prices could erode demand. West Texas Intermediate dropped 2.19% to $101 a barrel and Brent fell 1.89% to $114.51, after a sharp rally on Friday following Houthi attacks on Saudi Arabia. The Houthis said they had targeted the main airport in Riyadh and oil facilities, and Saudi authorities said they intercepted more missiles and drones on Sunday. Michael Alfaro of Gallo Partners estimated the geopolitical risk premium at about $20 a barrel, warning that a major strike on the East-West pipeline or refining infrastructure could push prices higher, though further gains would likely cut demand. He also flagged refining capacity as a longer-term challenge, while U.S. producers remain cautious about raising capital spending.
- Asia FX muted, yuan at 4-yr high; dollar drifts lower ahead of c.bank-packed week
Most Asian currencies moved little on Monday as the dollar drifted lower ahead of a week packed with central bank meetings, most notably the Federal Reserve. The dollar index fell 0.17% in Asian trade after hitting an 18-month high earlier in October. The Fed is widely expected to hold rates at 4.0% on Wednesday, after raising them by 25 basis points in September, its first hike in over three years, as U.S. inflation stays well above its 2% target. Traders will watch comments from Fed Chair Kevin Warsh, along with U.S. third-quarter GDP and September PCE data. The yen was muted before a Bank of Japan meeting, where rates are expected to stay at 1.25% but with a hawkish outlook, while the yuan rose to a four-year high with support from the People's Bank.
- Musk warns over 200 AI neoclouds face ‘guppy-level death’
Elon Musk warned on X that more than 200 specialist AI cloud providers, or neoclouds, could fail or consolidate as lenders stop financing firms without substantial revenue outside AI data centers. He said SpaceX secured $40 billion of debt financing for GPUs thanks to its investment-grade status and revenue from Starlink and its rocket business. The warning follows a Gartner forecast that more than 80% of neocloud providers will cease operating independently by 2030, as AI providers may spend nearly $1 trillion on infrastructure in 2026 and another $6 trillion from 2027 to 2030 without sufficient revenue for profitable returns. Bitcoin miners that have pivoted into AI infrastructure, such as IREN and Core Scientific, could also be affected. Meanwhile, SpaceX's “Super Intelligence” business generated $7.6 billion in third-quarter revenue, up 830% from a year earlier and more than half of the company's $14.6 billion in quarterly sales.
- Frank Elderson: Taking action for nature – investing in economic resilience and prosperity
Frank Elderson, ECB Executive Board member and Vice-Chair of the Supervisory Board, told the COP17 Finance and Biodiversity Day in Yerevan that the world must move from targets to implementation and treat protecting nature as investment rather than spending. He argued that degraded ecosystems raise firms' costs, reduce productivity and disrupt supply chains, noting that 72% of euro area companies depend on at least one ecosystem service and 75% of euro area corporate lending goes to firms highly dependent on one. Citing this summer's drought, he said major rivers including the Rhine, Loire, Po and Danube fell to exceptionally low levels, forcing critical nuclear plants to shut down and hitting hydropower and supply chains. He noted the Kunming-Montreal framework aims for living in harmony with nature by 2050 but progress has been limited, and that ECB analysis suggests the potential consequences could be much larger.
- Momentum of savings rate increases likely ended
According to newly released State Bank of Vietnam (SBV) data, average deposit rates at commercial banks rose a further 0.1 percentage points in September, extending the upward run to 11 consecutive months, though the pace has slowed from 0.3 points a month in late last year and early this year. The article says the rise is likely to end this month after many banks cut their minimum deposit rates by 0.5 percentage points on SBV instructions. Under dispatch No. 9736/NHNN-CSTT dated 21 October 2026, the SBV requires commercial banks to cut average deposit rates on new transactions with tenors of 6 months or longer by at least 0.5% per year in the final months of 2026, compared with rates reported between 11 October and 20 October 2026. Many analysts expect rates to hold flat until year-end and decline gradually from 2027, while the SBV warns that banks failing to comply could face tougher measures, including reviewing or lowering credit growth targets.
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.