Narrative Update • Aug 18
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Vietnamese (HOSE) Financials Sector Analysis
UpdatedAug 26, 2026
DataAggregated Company Financials
Companies73
- 7D1.8%
- 3M-6.5%
- 1Y-14.0%
- YTD-2.6%
Vietnam Prosperity Commercial Bank is up 6.0%, leading the way for the Financials industry, which has gained 2.0%. During this same period, the LPBank Securities underperformed, falling 12%. However, the industry is down 10% over the past year. Earnings are forecast to grow by 17% annually.
Sector Valuation and Performance
Has the Vietnamese Financials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 26 Aug 2026 | ₫3264.9t | ₫819.9t | ₫340.8t | 11.6x | 9.6x | 4x |
| Fri, 24 Jul 2026 | ₫3081.2t | ₫792.0t | ₫320.2t | 11.1x | 9.6x | 3.9x |
| Sun, 21 Jun 2026 | ₫3300.3t | ₫778.2t | ₫314.1t | 12.1x | 10.5x | 4.2x |
| Tue, 19 May 2026 | ₫3395.8t | ₫778.3t | ₫314.2t | 12x | 10.8x | 4.4x |
| Thu, 16 Apr 2026 | ₫3296.7t | ₫754.9t | ₫310.7t | 12.4x | 10.6x | 4.4x |
| Sat, 14 Mar 2026 | ₫3192.5t | ₫750.1t | ₫313.3t | 11.6x | 10.2x | 4.3x |
| Mon, 09 Feb 2026 | ₫3407.8t | ₫751.6t | ₫314.1t | 12.1x | 10.9x | 4.5x |
| Wed, 07 Jan 2026 | ₫3236.2t | ₫709.6t | ₫294.1t | 12x | 11x | 4.6x |
| Fri, 05 Dec 2025 | ₫3144.4t | ₫707.4t | ₫293.0t | 12.6x | 10.7x | 4.4x |
| Sun, 02 Nov 2025 | ₫3092.9t | ₫703.0t | ₫291.3t | 11.9x | 10.6x | 4.4x |
| Tue, 30 Sep 2025 | ₫3157.8t | ₫668.9t | ₫271.7t | 14.7x | 11.6x | 4.7x |
| Thu, 28 Aug 2025 | ₫3321.6t | ₫668.6t | ₫271.8t | 15.4x | 12.2x | 5x |
| Sat, 26 Jul 2025 | ₫2849.7t | ₫652.9t | ₫260.3t | 14.9x | 10.9x | 4.4x |
| Mon, 23 Jun 2025 | ₫2514.3t | ₫648.4t | ₫258.8t | 12.7x | 9.7x | 3.9x |
| Wed, 21 May 2025 | ₫2460.9t | ₫648.4t | ₫258.8t | 12.6x | 9.5x | 3.8x |
| Fri, 18 Apr 2025 | ₫2363.7t | ₫633.9t | ₫249.3t | 12.1x | 9.5x | 3.7x |
| Sun, 16 Mar 2025 | ₫2606.2t | ₫632.6t | ₫252.4t | 13.8x | 10.3x | 4.1x |
| Tue, 11 Feb 2025 | ₫2494.7t | ₫631.9t | ₫251.7t | 12.5x | 9.9x | 3.9x |
| Thu, 09 Jan 2025 | ₫2418.5t | ₫594.0t | ₫229.9t | 11.9x | 10.5x | 4.1x |
| Sat, 07 Dec 2024 | ₫2417.4t | ₫594.6t | ₫230.7t | 12.3x | 10.5x | 4.1x |
| Mon, 04 Nov 2024 | ₫2403.3t | ₫589.0t | ₫226.4t | 12.2x | 10.6x | 4.1x |
| Wed, 02 Oct 2024 | ₫2441.5t | ₫580.8t | ₫221.8t | 12.9x | 11x | 4.2x |
| Fri, 30 Aug 2024 | ₫2370.9t | ₫580.8t | ₫222.0t | 12.6x | 10.7x | 4.1x |
| Sun, 28 Jul 2024 | ₫2279.2t | ₫571.6t | ₫218.4t | 12.9x | 10.4x | 4x |
| Tue, 25 Jun 2024 | ₫2254.7t | ₫552.5t | ₫210.3t | 13.1x | 10.7x | 4.1x |
| Thu, 23 May 2024 | ₫2324.7t | ₫552.5t | ₫210.3t | 13.2x | 11.1x | 4.2x |
| Sat, 20 Apr 2024 | ₫2240.6t | ₫545.9t | ₫205.9t | 13.2x | 10.9x | 4.1x |
| Mon, 18 Mar 2024 | ₫2335.9t | ₫546.8t | ₫208.7t | 14.4x | 11.2x | 4.3x |
| Wed, 14 Feb 2024 | ₫2256.1t | ₫537.5t | ₫205.6t | 13.1x | 11x | 4.2x |
| Fri, 12 Jan 2024 | ₫2156.3t | ₫520.3t | ₫190.5t | 15.1x | 11.3x | 4.1x |
| Sun, 10 Dec 2023 | ₫2008.0t | ₫512.5t | ₫187.2t | 13.9x | 10.7x | 3.9x |
| Tue, 07 Nov 2023 | ₫1979.6t | ₫501.4t | ₫186.1t | 12.7x | 10.6x | 3.9x |
| Thu, 05 Oct 2023 | ₫1988.2t | ₫500.5t | ₫186.1t | 12.3x | 10.7x | 4x |
| Sat, 02 Sep 2023 | ₫2083.2t | ₫500.4t | ₫186.4t | 12.6x | 11.2x | 4.2x |
Price to Earnings Ratio
11.2x
Current Industry PE
- Investors are relatively neutral on the Vietnamese Financials industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 10.6x.
- The industry is trading close to its 3-year average PS ratio of 4.2x.
Past Earnings Growth
- The earnings for companies in the Financials industry have grown 22% per year over the last three years.
- Revenues for these companies have grown 18% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Vietnamese Financials sector?
| VN Market | 3.22% | |
| Financials | 1.80% | |
| Capital Markets | 2.90% | |
| Banks | 1.77% | |
| Diversified Financial | -0.32% | |
| Insurance | -3.52% | |
Industry PE
- Investors are most optimistic about the Capital Markets industry even though it's trading below its 3-year average PE ratio of 21.5x.
- Analysts are expecting annual earnings growth of 9.4%, which is lower than the prior year's growth of 45.2% per year.
- Investors are most pessimistic about the Banks industry, which is trading below its 3-year average of 9.9x.
Forecasted Growth
- Analysts are most optimistic on the Banks industry, expecting annual earnings growth of 18% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Capital Markets industry is expected to see its earnings grow by 9.4% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| VPB Vietnam Prosperity Commercial Bank | ₫26.40k | 6.0% +₫11.9t | -23.0% | PB1.2x | |
| VCB Commercial Bank for Foreign Trade of Vietnam | ₫59.40k | 2.4% +₫11.7t | -8.0% | PB2x | |
| MBB Military Commercial Bank | ₫20.65k | 3.5% +₫6.5t | -13.8% | PB1.3x | |
| BID Commercial Bank for Investment and Development of Vietnam | ₫36.70k | 1.9% +₫5.4t | -6.2% | PB1.5x | |
| SSI SSI Securities | ₫21.25k | 9.0% +₫5.3t | -34.9% | PE13.3x |