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Vietnamese (HOSE) Financials Sector Analysis

UpdatedNov 24, 2025
DataAggregated Company Financials
Companies67
  • 7D-0.4%
  • 3M-7.7%
  • 1Y25.3%
  • YTD18.6%

Over the last 7 days, the Financials industry has remained flat, although notably Vietnam Prosperity Commercial Bank gained 3.2%. The past year has been better, since the industry has gained 25% in that time. Looking forward, earnings are forecast to grow by 16% annually.

Sector Valuation and Performance

Has the Vietnamese Financials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 24 Nov 2025₫3059.7t₫707.4t₫293.0t12.2x10.4x4.3x
Wed, 22 Oct 2025₫3161.0t₫686.8t₫283.6t13.4x11.1x4.6x
Fri, 19 Sep 2025₫3195.9t₫668.9t₫271.7t15x11.8x4.8x
Sun, 17 Aug 2025₫3195.4t₫666.1t₫270.8t16.2x11.8x4.8x
Tue, 15 Jul 2025₫2711.2t₫649.1t₫258.9t13.8x10.5x4.2x
Thu, 12 Jun 2025₫2415.2t₫648.5t₫258.8t12.7x9.3x3.7x
Sat, 10 May 2025₫2377.9t₫648.5t₫258.8t12.6x9.2x3.7x
Mon, 07 Apr 2025₫2389.7t₫635.6t₫254.6t12.6x9.4x3.8x
Wed, 05 Mar 2025₫2564.3t₫631.2t₫252.1t12.8x10.2x4.1x
Fri, 31 Jan 2025₫2462.7t₫617.4t₫246.0t13x10x4x
Sun, 29 Dec 2024₫2456.4t₫594.6t₫230.7t12.3x10.6x4.1x
Tue, 26 Nov 2024₫2329.0t₫594.6t₫230.7t12x10.1x3.9x
Thu, 24 Oct 2024₫2412.9t₫582.2t₫222.8t12.3x10.8x4.1x
Sat, 21 Sep 2024₫2363.2t₫580.8t₫221.8t12.5x10.7x4.1x
Mon, 19 Aug 2024₫2293.6t₫580.9t₫222.0t12.3x10.3x3.9x
Wed, 17 Jul 2024₫2319.3t₫552.1t₫209.5t13.7x11.1x4.2x
Fri, 14 Jun 2024₫2364.4t₫552.4t₫210.4t14.2x11.2x4.3x
Sun, 12 May 2024₫2300.4t₫552.5t₫208.3t12.9x11x4.2x
Tue, 09 Apr 2024₫2327.1t₫545.1t₫208.4t13.8x11.2x4.3x
Thu, 07 Mar 2024₫2364.3t₫540.1t₫206.1t14.1x11.5x4.4x
Sat, 03 Feb 2024₫2171.5t₫528.6t₫196.9t13.2x11x4.1x
Mon, 01 Jan 2024₫2011.2t₫520.3t₫190.5t14.3x10.6x3.9x
Wed, 29 Nov 2023₫1961.9t₫512.4t₫187.2t13.3x10.5x3.8x
Fri, 27 Oct 2023₫1863.5t₫501.2t₫186.1t11.7x10x3.7x
Sun, 24 Sep 2023₫2055.2t₫500.3t₫186.1t13.1x11x4.1x
Tue, 22 Aug 2023₫1993.8t₫500.1t₫186.4t12.4x10.7x4x
Thu, 20 Jul 2023₫1999.2t₫489.1t₫179.5t12.4x11.1x4.1x
Sat, 17 Jun 2023₫1925.9t₫479.1t₫174.5t12.5x11x4x
Mon, 15 May 2023₫1817.8t₫488.1t₫181.0t12.9x10x3.7x
Wed, 12 Apr 2023₫1809.6t₫488.6t₫182.8t12.4x9.9x3.7x
Fri, 10 Mar 2023₫1798.8t₫489.3t₫183.5t10.1x9.8x3.7x
Sun, 05 Feb 2023₫1781.8t₫489.0t₫183.7t10x9.7x3.6x
Tue, 03 Jan 2023₫1623.5t₫470.5t₫173.7t9.5x9.3x3.5x
Thu, 01 Dec 2022₫1619.6t₫477.0t₫176.7t9.8x9.2x3.4x
Price to Earnings Ratio

9.2x


Total Market Cap: ₫1619.6tTotal Earnings: ₫176.7tTotal Revenue: ₫477.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Vietnamese Financials Sector Price to Earnings3Y Average 10.5x202320242025
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 10.5x.
  • The industry is trading close to its 3-year average PS ratio of 4.0x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 18% per year over the last three years.
  • Revenues for these companies have grown 14% 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 Market1.00%
Financials-0.36%
Banks-0.097%
Diversified Financial-0.52%
Insurance-1.00%
Capital Markets-1.84%
Industry PE
  • Investors are most optimistic about the Capital Markets industry even though it's trading below its 3-year average PE ratio of 22.8x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Banks industry, which is trading close to its 3-year average of 9.9x.
Forecasted Growth
  • Analysts are most optimistic on the Banks industry, expecting annual earnings growth of 16% over the next 5 years.
  • However this is lower than its past earnings growth rate of 22% per year.
  • In contrast, the Banks industry is expected to see its earnings grow by 16% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
VPB Vietnam Prosperity Commercial Bank₫29.00k3.2%
+₫7.1t
52.2%PB1.5x
HDB Ho Chi Minh City Development Commercial Bank₫31.10k3.5%
+₫4.1t
51.1%PB1.8x
STB Saigon Thuong Tin Commercial Bank₫50.00k2.2%
+₫2.1t
52.2%PB1.5x
TCX Techcom Securities₫45.70k1.3%
+₫1.4t
n/aPE22x
PVI PVI Holdings₫90.20k3.9%
+₫796.4b
88.3%PE18.2x

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