At the 2026 Opening Ceremony of Vietnam National University Ho Chi Minh City on October 13, 2026, attended by Prime Minister Lê Minh Hưng, the university focused on achieving strategic technological autonomy through Vietnamese talent. Saigon - Hanoi Commercial Joint Stock Bank (SHB) committed 10 billion VND over 5 years (2026–2030), or 2 billion VND per year, to a talent development and social welfare program. The program supports disadvantaged students who strive to learn well, encourages outstanding talents, and backs scientific research, innovation, startups and job connections. SHB had previously funded 1 billion VND for the “Vượt khó học tốt” scholarship program in 2024–2025 and another 1 billion VND in 2025–2026, plus a full scholarship worth 772 million VND over 5 years for medical student Phan Bảo Chấn. Both sides signed a memorandum of cooperation for 2026–2030 on August 27, 2026.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: SHB tiếp sức nhân tài Việt, chung tay kiến tạo tương lai công nghệ đất nước
Related tickers and likely impact
SHB
• NeutralSaigon-Hanoi Bank
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Banks |
| Market cap | 52,018 bn VND |
| P/E | 4.3 |
| P/B | 0.69 |
| Close on 10/14/2026 | 10.30 |
| Change that session | -1.44% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Update on loan rate cuts as of the evening of Oct 19: MB, VietinBank, SHB, OCB join in
SHB, MB, VietinBank and OCB have announced loan rate cuts, following Agribank, Vietcombank, BIDV, ACB, LPBank and VietBank, with typical reductions of 1.5-2% per year. MB is cutting 1.5% per year for five priority sectors, to rates from 7.9% per year, and up to 2% in some cases; VietinBank is cutting up to 2% per year, while OCB offers up to 2.25% per year on some medium- and long-term loans for OCB Priority Banking members. SHB is cutting 1.5-2% per year for businesses and households and offers rates from 5.5% per year for lecturers and students at some universities. Vietcombank commits to cutting at least 2% through year-end, BIDV applies rates from 6% per year on short-term VND loans from 15/10/2026, and VietBank runs a VND 3,000 billion package. Specific benefits depend on borrower type, loan purpose, term and program conditions, following directives from the Government and the State Bank of Vietnam.
- SHB cuts lending rates by up to 2% a year, launches new credit package with rates from just 5% a year
Saigon-Hanoi Commercial Joint Stock Bank (SHB) has launched a new preferential credit package with lending rates cut by 1.5–2% a year, starting from just 5% a year, for household businesses and enterprises, especially small and medium-sized enterprises (SMEs). The program aims to ease cash-flow costs so customers can fund raw materials, salaries and ongoing operations. With the package launched on Oct. 19, SHB's preferential lending reaches 47,000 billion dong, following 45,000 billion dong allocated since early 2026 and 2,000 billion dong added in mid-August 2026. The bank prioritizes agriculture, exports, supporting industries, high technology, the digital economy, AI and semiconductors, and offers a separate package from 5.5% a year for lecturers and students at some universities.
- Banks begin sharp cuts to deposit rates across many terms on the afternoon of October 19
The State Bank of Vietnam (SBV) asked credit institutions to cut deposit rates by at least 0.5% a year for terms of 6 months or longer, and lending rates by 1.5-2% a year for production, business and priority sectors, while avoiding competitive rate hikes. LPBank cut deposit rates across all terms from 1 to 36 months, with its online 12-month rate now at 6.7% a year and 48-60 month rates at 5.2%. VietBank lowered online rates by 0.5 percentage points for terms of 6 to 36 months, bringing its 6-8 month rate to 5.4% a year. The central bank warned that banks failing to cut rates may face a review of their remaining credit quotas this year, lower targets next year, or higher safety ratios.
- Governor: 'Interest rates on existing loans should also be considered for cuts'
Governor Phạm Đức Ấn has asked banks to prioritize rate cuts for production and business loans, applied selectively rather than across the board, and to consider applying them to existing loans. The average lending rate rose 0.2 percentage points to 10.7% in August, about 3 points higher than a year earlier, while legacy floating-rate loans for individuals reached 12-14%, and some car loans 16-17%. Banks were told to cut operating costs, share profits and reduce funding costs, including lowering deposit rates for terms of six months or more by at least 0.5%. Several banks, including BIDV, Vietcombank, Agribank and Sacombank, have announced preferential loan packages with rate reductions of up to 2 percentage points.
- Outstanding credit as of October 14 tops 20.7 million billion dong; banks agree to cut lending rates after meeting with the State Bank on the morning of October 19
As of October 14, 2026, outstanding credit to the economy reached 20,721,583 billion dong, up 11.44% from the end of last year and 16.73% year-on-year. On the morning of October 19, State Bank of Vietnam (SBV) Governor Phạm Đức Ấn met with chairs and CEOs of commercial banks, and the banks agreed to cut interest rates. Specifically, listed deposit rates for terms of 6 months or more will fall by at least 0.5%/year, while lending rates will drop by 1.5–2%/year, focusing on production, business and priority sectors. The backdrop includes Middle East conflict driving up oil prices, several major central banks raising rates and a stronger US dollar, all of which pressure Vietnam's monetary policy. The SBV also asks banks to channel credit into production and business while tightly controlling lending to risky sectors, including real estate.
- State Bank of Vietnam: Listed deposit rates to be cut by at least 0.5% per year for terms of 6 months and longer; banks must not compete by raising deposit rates
The State Bank of Vietnam (SBV) issued Document No. 9608/NHNN-CSTT dated 18/10/2026, directing credit institutions and foreign bank branches to lower overall interest rate levels. Immediately, banks must cut listed deposit rates by at least 0.5% per year for terms of 6 months or longer and reduce lending rates by 1.5-2% per year, focusing on production, business and priority sectors. The SBV stressed that banks must not compete by raising deposit rates or lower credit standards to expand loan volumes. The document also calls for tighter control over lending to large-exposure customer groups and risk-prone sectors, especially loans used to pay capital contributions or buy shares in unlisted companies.
Related markets
Latest news
- Why Meta's Q3 earnings could be a little hard to interpret
Meta is reporting its third-quarter earnings after the market closes Wednesday, and Yahoo Finance's Brian Sozzi says the report will be hard to interpret. Recent good news on Meta's AI products, including new models and an AI agent, may not appear directly in the results but will likely be discussed on the earnings call. The key uncertainty is how investors will react if Meta raises its capex outlook again: it could be seen as fueling those products, or as overspending on offerings not yet reflected in financials. Sozzi expects the market to give Meta the benefit of the doubt on higher capex, as long as the increase does not shock investors.
- Zerohash rolls out a new tool to move crypto without copying wallet addresses
Zerohash launched AUTH, a service that lets users move crypto, stablecoins and blockchain-based stock tokens between linked exchange accounts or self-custody wallets without copying wallet addresses or choosing a blockchain network. To transfer, users pick an account in an app that offers AUTH, sign in and approve the move, while the service handles routing and settlement and each app sets which assets and transfer types it allows. AUTH supports more than 600 connections, including Coinbase, Robinhood, Gemini, MetaMask and Phantom, with Coinbase, Robinhood and Gemini live and Kraken in beta. The launch comes as Zerohash's application for a national trust bank charter, returned by the Office of the Comptroller of the Currency in July, remains pending after a narrower refiling on Aug. 18.
- 2 charts show why Wall Street is right to worry about tech stocks
Rising cost of capital could affect the financial statements of hyperscalers such as Oracle (ORCL) and Google (GOOG, GOOGL) in 2027, as they need fresh debt to fund AI infrastructure and free cash flow may turn negative. JPMorgan strategist Mislav Matejka forecasts hyperscaler free cash flow will turn negative in 2027, implying credit markets will drive more of the AI build-out. Consensus estimates for 2027 capital expenditures are already rising from levels experts believe are too low. Morgan Stanley sees total 2027 capex among hyperscalers reaching $1.6 trillion, up from $978 billion estimated for this year. Dan Ives of Yorkville expects capex to reach the trillions and over 1,000 datacenters to be built in the next few years.
- Nvidia wins CPU business from Modal, previously exclusive to AMD and Intel
Modal, a San Francisco-based AI cloud startup that previously ran its AI agent workloads only on Intel and AMD processors, will begin using Nvidia's new Vera CPU. Early tests showed the Nvidia chip doubled work capacity for AI agents, and Modal plans to run it alongside Intel and AMD chips, assigning each task to the most efficient hardware, though integration requires substantial software changes. Modal recently raised $750 million in a round led by Accel at a $15.75 billion valuation and expects $1 billion in sales over the next year, with usage tripled and revenue up more than 15 times year-over-year. Nvidia projects at least $20 billion in Vera chip revenue this fiscal year in a market it estimates at about $200 billion, and says OpenAI, Anthropic, Oracle and Perplexity also plan to use the chips.
- America's EV Plans Have Died
Billions of dollars went into EV factories, dealerships and marketing after President Biden set a goal for 50% of new US car sales to be zero-emission by 2030, but EV sales have since fallen sharply. US EV sales dropped 30.7% in the first nine months of 2026, after the $7,500 tax credit expired on September 30 last year, and gas prices near $4.50 per gallon have done little to lift them. According to Kelley Blue Book, the average transaction price of a new EV was $54,754 in August, above the $50,089 average for all new cars. Ford's EV sales fell 80.2% to 6,047 in the third quarter, and it has no new EV planned until its Fathom launches next year, while Tesla holds over 50% of the market and no other major automaker has even 10%. The article says EVs could recover if gas prices reach $5 and stay there for months, but that is uncertain.
- Nebius is Your New AI Sentiment Gauge For AI Debt and GPU Risks
Nebius (NBIS) fell 25.15% in one week to $165.47 as neocloud stocks sold off after a Gartner forecast that over 80% of neocloud providers will stop operating independently by 2030. The article highlights strong results: second-quarter revenue rose 454% to $582.3 million, above the $574.65 million consensus, and remaining performance obligations reached $37.5 billion. Against that, Nebius guides to $20 billion to $25 billion of 2026 capex on $3 billion to $3.4 billion of revenue, carries about $10.0 billion of convertible principal, and its quarterly interest expense rose to $119.1 million from $4.8 million. The article rates Nebius a Hold and says the stock now moves with AI credit conditions, with the verdict tied to upcoming reports and financing choices.
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.