Vietcombank booked VND 6,184 billion in provisions in Q3 2026, nearly 8 times the same period last year, with about VND 5,000 billion going to one corporate bond batch linked to an energy-sector client, which it provisioned in full at 100%. Vietcap said the bonds had been moved to non-performing loans from Q4 2025 without full provisioning at that time, and the move fell outside its expectations. Annualised credit costs for the first nine months rose to 0.75% from 0.20%, but excluding the bond batch, asset quality remained sound, with the NPL ratio at 0.71%. Core earnings grew, with nine-month net interest income up 34.5% to VND 57,179 billion and nine-month NIM reaching 3.02%, up 45 basis points. Vietcap said that despite the bond provision, Vietcombank should continue growing credit, NIM and non-interest income, supporting its profit outlook.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Vietcombank bất ngờ trích lập dự phòng 5.000 tỷ đồng cho một lô trái phiếu
Keywords
VCBbanksbondsnon-performing loanscredit
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Related tickers and likely impact
VCB
▼ Likely negativeVietcombank
Relevance: medium
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Banks |
| Market cap | 470,425 bn VND |
| P/E | 11.3 |
| P/B | 1.85 |
| Close on 10/30/2026 | 56.30 |
| Change that session | -1.57% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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