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Vietnamese (HOSE) Financials Sector Analysis
UpdatedJan 09, 2026
DataAggregated Company Financials
Companies69
- 7D4.0%
- 3M-5.9%
- 1Y28.0%
- YTD5.4%
The Financials industry is up 4.0% in the last week, with Commercial Bank for Foreign Trade of Vietnam up 11%. Meanwhile, Saigon Thuong Tin Commercial Bank actually underperformed within the industry, shrinking 7.8% in the last week. This takes the industry's 12 month performance to a gain of 28%. As for the next few years, earnings are expected to grow by 17% per annum.
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 |
|---|---|---|---|---|---|---|
| Fri, 09 Jan 2026 | ₫3359.8t | ₫709.6t | ₫294.1t | 12.1x | 11.4x | 4.7x |
| Sun, 07 Dec 2025 | ₫3103.7t | ₫707.9t | ₫293.2t | 11.9x | 10.6x | 4.4x |
| Tue, 04 Nov 2025 | ₫3030.5t | ₫704.3t | ₫292.0t | 11.7x | 10.4x | 4.3x |
| Thu, 02 Oct 2025 | ₫3180.8t | ₫668.9t | ₫271.7t | 15.1x | 11.7x | 4.8x |
| Sat, 30 Aug 2025 | ₫3380.7t | ₫668.6t | ₫271.8t | 16.1x | 12.4x | 5.1x |
| Mon, 28 Jul 2025 | ₫2849.7t | ₫653.8t | ₫260.7t | 14.9x | 10.9x | 4.4x |
| Wed, 25 Jun 2025 | ₫2512.6t | ₫648.4t | ₫258.8t | 12.7x | 9.7x | 3.9x |
| Fri, 23 May 2025 | ₫2449.7t | ₫648.5t | ₫258.8t | 12.6x | 9.5x | 3.8x |
| Sun, 20 Apr 2025 | ₫2381.5t | ₫633.8t | ₫249.4t | 12.2x | 9.5x | 3.8x |
| Tue, 18 Mar 2025 | ₫2634.1t | ₫632.4t | ₫252.4t | 13.8x | 10.4x | 4.2x |
| Thu, 13 Feb 2025 | ₫2494.4t | ₫631.9t | ₫251.7t | 12.6x | 9.9x | 3.9x |
| Sat, 11 Jan 2025 | ₫2369.7t | ₫594.0t | ₫229.9t | 11.5x | 10.3x | 4x |
| Mon, 09 Dec 2024 | ₫2417.4t | ₫594.6t | ₫230.7t | 12.3x | 10.5x | 4.1x |
| Wed, 06 Nov 2024 | ₫2379.1t | ₫597.1t | ₫230.2t | 12x | 10.3x | 4x |
| Fri, 04 Oct 2024 | ₫2435.0t | ₫580.8t | ₫221.8t | 12.6x | 11x | 4.2x |
| Sun, 01 Sep 2024 | ₫2374.6t | ₫580.8t | ₫221.6t | 12.5x | 10.7x | 4.1x |
| Tue, 30 Jul 2024 | ₫2286.3t | ₫571.6t | ₫218.4t | 12.9x | 10.5x | 4x |
| Thu, 27 Jun 2024 | ₫2252.8t | ₫552.5t | ₫210.3t | 12.9x | 10.7x | 4.1x |
| Sat, 25 May 2024 | ₫2306.8t | ₫552.5t | ₫210.3t | 12.9x | 11x | 4.2x |
| Mon, 22 Apr 2024 | ₫2218.4t | ₫545.2t | ₫203.3t | 12.6x | 10.9x | 4.1x |
| Wed, 20 Mar 2024 | ₫2285.7t | ₫546.8t | ₫208.7t | 13.9x | 11x | 4.2x |
| Fri, 16 Feb 2024 | ₫2266.7t | ₫537.5t | ₫205.7t | 13.6x | 11x | 4.2x |
| Sun, 14 Jan 2024 | ₫2159.2t | ₫520.4t | ₫190.6t | 15.1x | 11.3x | 4.1x |
| Tue, 12 Dec 2023 | ₫1997.3t | ₫512.5t | ₫187.2t | 13.8x | 10.7x | 3.9x |
| Thu, 09 Nov 2023 | ₫2017.9t | ₫511.7t | ₫188.9t | 13.4x | 10.7x | 3.9x |
| Sat, 07 Oct 2023 | ₫1943.2t | ₫500.5t | ₫186.1t | 12.1x | 10.4x | 3.9x |
| Mon, 04 Sep 2023 | ₫2083.2t | ₫500.4t | ₫186.4t | 12.6x | 11.2x | 4.2x |
| Wed, 02 Aug 2023 | ₫2059.6t | ₫487.1t | ₫176.9t | 12.4x | 11.6x | 4.2x |
| Fri, 30 Jun 2023 | ₫1928.8t | ₫479.1t | ₫174.5t | 12.7x | 11.1x | 4x |
| Sun, 28 May 2023 | ₫1800.4t | ₫479.5t | ₫174.7t | 12.4x | 10.3x | 3.8x |
| Tue, 25 Apr 2023 | ₫1765.9t | ₫486.4t | ₫177.1t | 13.8x | 10x | 3.6x |
| Thu, 23 Mar 2023 | ₫1756.6t | ₫489.3t | ₫183.4t | 10.1x | 9.6x | 3.6x |
| Sat, 18 Feb 2023 | ₫1775.5t | ₫489.9t | ₫183.9t | 9.9x | 9.7x | 3.6x |
| Mon, 16 Jan 2023 | ₫1737.8t | ₫470.5t | ₫173.7t | 9.9x | 10x | 3.7x |
Price to Earnings Ratio
10x
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 3-year average PS ratio of 4.1x is lower than the industry's current PS ratio of 4.7x.
Past Earnings Growth
- The earnings for companies in the Financials industry have grown 19% per year over the last three years.
- Revenues for these companies have grown 15% 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 | 3.93% | |
| Financials | 3.97% | |
| Insurance | 8.74% | |
| Banks | 4.56% | |
| Diversified Financial | 1.04% | |
| Capital Markets | 0.28% | |
Industry PE
- Investors are most optimistic about the Capital Markets industry, which is trading close to its 3-year average PE ratio of 23.2x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Diversified Financial industry, which is trading below its 3-year average of 47.6x.
Forecasted Growth
- Analysts are most optimistic on the Banks industry, expecting annual earnings growth of 17% over the next 5 years.
- However this is lower than its past earnings growth rate of 21% per year.
- In contrast, the Banks industry is expected to see its earnings grow by 17% 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 | |
|---|---|---|---|---|---|
| VCB Commercial Bank for Foreign Trade of Vietnam | ₫68.00k | 18.3% +₫87.7t | 11.2% | PB2.6x | |
| BID Commercial Bank for Investment and Development of Vietnam | ₫46.05k | 18.4% +₫50.2t | 17.8% | PB2x | |
| CTG Vietnam Commercial Bank for Industry and Trade | ₫40.75k | 14.0% +₫38.8t | 57.2% | PB1.9x | |
| MBB Military Commercial Bank | ₫27.30k | 7.9% +₫16.1t | 70.4% | PB1.7x | |
| TCB Vietnam Technological and Commercial Bank | ₫36.65k | 5.0% +₫12.4t | 56.6% | PB1.6x |