Narrative Update • Jun 30
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Vietnamese (HOSE) Financials Sector Analysis
UpdatedJul 11, 2026
DataAggregated Company Financials
Companies70
- 7D-2.5%
- 3M-0.5%
- 1Y9.2%
- YTD1.7%
Over the last 7 days, the Financials industry has dropped 2.5%, driven by Commercial Bank for Foreign Trade of Vietnam declining 2.4%. In the past year, the industry has gained 9.2%. Looking forward, earnings are forecast to grow by 20% 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 |
|---|---|---|---|---|---|---|
| Sun, 12 Jul 2026 | ₫3313.0t | ₫778.2t | ₫314.1t | 12.8x | 10.5x | 4.3x |
| Tue, 09 Jun 2026 | ₫3224.8t | ₫778.2t | ₫314.1t | 11.6x | 10.3x | 4.1x |
| Thu, 07 May 2026 | ₫3325.5t | ₫780.2t | ₫320.7t | 12x | 10.4x | 4.3x |
| Sat, 04 Apr 2026 | ₫3177.1t | ₫754.8t | ₫313.9t | 11.8x | 10.1x | 4.2x |
| Mon, 02 Mar 2026 | ₫3548.1t | ₫749.8t | ₫313.4t | 12.6x | 11.3x | 4.7x |
| Wed, 28 Jan 2026 | ₫3495.4t | ₫742.2t | ₫311.0t | 12x | 11.2x | 4.7x |
| Fri, 26 Dec 2025 | ₫3190.0t | ₫709.6t | ₫294.1t | 12.1x | 10.8x | 4.5x |
| Sun, 23 Nov 2025 | ₫3059.7t | ₫707.4t | ₫293.0t | 12.2x | 10.4x | 4.3x |
| Tue, 21 Oct 2025 | ₫3206.0t | ₫686.8t | ₫283.6t | 13.4x | 11.3x | 4.7x |
| Thu, 18 Sep 2025 | ₫3215.7t | ₫668.9t | ₫271.7t | 15.1x | 11.8x | 4.8x |
| Sat, 16 Aug 2025 | ₫3195.4t | ₫666.1t | ₫270.8t | 16.2x | 11.8x | 4.8x |
| Mon, 14 Jul 2025 | ₫2699.5t | ₫649.1t | ₫258.9t | 13.7x | 10.4x | 4.2x |
| Wed, 11 Jun 2025 | ₫2415.8t | ₫648.5t | ₫258.8t | 12.8x | 9.3x | 3.7x |
| Fri, 09 May 2025 | ₫2382.5t | ₫648.5t | ₫258.8t | 12.7x | 9.2x | 3.7x |
| Sun, 06 Apr 2025 | ₫2389.7t | ₫635.6t | ₫254.6t | 12.6x | 9.4x | 3.8x |
| Tue, 04 Mar 2025 | ₫2554.2t | ₫631.2t | ₫252.1t | 12.9x | 10.1x | 4x |
| Thu, 30 Jan 2025 | ₫2462.7t | ₫616.8t | ₫246.3t | 13x | 10x | 4x |
| Sat, 28 Dec 2024 | ₫2456.4t | ₫594.6t | ₫230.7t | 12.3x | 10.6x | 4.1x |
| Mon, 25 Nov 2024 | ₫2321.9t | ₫594.6t | ₫230.7t | 11.9x | 10.1x | 3.9x |
| Wed, 23 Oct 2024 | ₫2411.8t | ₫581.2t | ₫221.8t | 11.5x | 10.9x | 4.1x |
| Fri, 20 Sep 2024 | ₫2356.6t | ₫580.7t | ₫221.8t | 12.5x | 10.6x | 4.1x |
| Sun, 18 Aug 2024 | ₫2293.6t | ₫580.9t | ₫222.0t | 12.3x | 10.3x | 3.9x |
| Tue, 16 Jul 2024 | ₫2300.0t | ₫552.1t | ₫209.5t | 13.6x | 11x | 4.2x |
| Thu, 13 Jun 2024 | ₫2317.4t | ₫552.4t | ₫210.4t | 14x | 11x | 4.2x |
| Sat, 11 May 2024 | ₫2300.4t | ₫552.3t | ₫208.2t | 12.9x | 11x | 4.2x |
| Mon, 08 Apr 2024 | ₫2323.6t | ₫545.1t | ₫208.4t | 13.6x | 11.1x | 4.3x |
| Wed, 06 Mar 2024 | ₫2373.3t | ₫540.3t | ₫206.2t | 14.2x | 11.5x | 4.4x |
| Fri, 02 Feb 2024 | ₫2175.2t | ₫522.2t | ₫192.8t | 13.1x | 11.3x | 4.2x |
| Sun, 31 Dec 2023 | ₫2011.2t | ₫520.3t | ₫190.5t | 14.3x | 10.6x | 3.9x |
| Tue, 28 Nov 2023 | ₫1947.8t | ₫512.4t | ₫187.2t | 13.2x | 10.4x | 3.8x |
| Thu, 26 Oct 2023 | ₫1923.2t | ₫500.1t | ₫185.4t | 12.4x | 10.4x | 3.8x |
| Sat, 23 Sep 2023 | ₫2055.2t | ₫500.3t | ₫186.1t | 13.1x | 11x | 4.1x |
| Mon, 21 Aug 2023 | ₫1993.8t | ₫500.1t | ₫186.4t | 12.2x | 10.7x | 4x |
| Wed, 19 Jul 2023 | ₫1993.7t | ₫489.2t | ₫179.5t | 12.5x | 11.1x | 4.1x |
Price to Earnings Ratio
11.1x
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 10.7x.
- 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 21% per year over the last three years.
- Revenues for these companies have grown 17% 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 | -1.79% | |
| Financials | -2.48% | |
| Banks | -2.13% | |
| Diversified Financial | -2.72% | |
| Insurance | -3.09% | |
| Capital Markets | -4.12% | |
Industry PE
- Investors are most optimistic about the Capital Markets industry even though it's trading below its 3-year average PE ratio of 22.4x.
- 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 10.0x.
Forecasted Growth
- Analysts are most optimistic on the Banks industry, expecting annual earnings growth of 20% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Banks industry is expected to see its earnings grow by 20% 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 | |
|---|---|---|---|---|---|
| LPB Fortune Vietnam Commercial Bank | ₫53.40k | 4.7% +₫7.2t | 61.8% | PB3.2x | |
| NAB Nam A Commercial Bank | ₫13.30k | 1.5% +₫411.8b | 7.5% | PB1.1x | |
| BAB Bac A Commercial Bank | ₫12.00k | 2.6% +₫345.8b | 15.9% | PB1x | |
| BVS Bao Viet Securities | ₫35.90k | 12.5% +₫288.8b | 3.2% | PE15.1x | |
| HDB Ho Chi Minh City Development Commercial Bank | ₫27.00k | 0.2% +₫250.3b | 43.2% | PB1.7x |