Narrative Update • Jun 16
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Vietnamese (HOSE) Banks Industry Analysis
UpdatedJun 25, 2026
DataAggregated Company Financials
Companies22
- 7D0.6%
- 3M6.3%
- 1Y20.2%
- YTD2.9%
Over the last 7 days, the Banks industry has risen 1.1%, driven by gains from Fortune Vietnam Commercial Bank of 18%. This takes the industry's 12 month performance to a gain of 20%. As for the next few years, earnings are expected to grow by 20% per annum.
Industry Valuation and Performance
Has the Vietnamese Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 25 Jun 2026 | ₫2701.3t | ₫594.5t | ₫272.9t | 8x | 9.9x | 4.5x |
| Sat, 23 May 2026 | ₫2690.6t | ₫594.5t | ₫272.9t | 7.6x | 9.9x | 4.5x |
| Mon, 20 Apr 2026 | ₫2635.5t | ₫581.3t | ₫272.4t | 8x | 9.7x | 4.5x |
| Wed, 18 Mar 2026 | ₫2593.6t | ₫573.7t | ₫272.9t | 8.1x | 9.5x | 4.5x |
| Fri, 13 Feb 2026 | ₫2783.4t | ₫578.0t | ₫273.9t | 8.5x | 10.2x | 4.8x |
| Sun, 11 Jan 2026 | ₫2789.7t | ₫554.7t | ₫262.6t | 8.8x | 10.6x | 5x |
| Tue, 09 Dec 2025 | ₫2581.5t | ₫554.7t | ₫262.6t | 8.4x | 9.8x | 4.7x |
| Thu, 06 Nov 2025 | ₫2608.8t | ₫531.0t | ₫261.8t | 8.5x | 10x | 4.9x |
| Sat, 04 Oct 2025 | ₫2705.5t | ₫534.0t | ₫253.6t | 9x | 10.7x | 5.1x |
| Mon, 01 Sep 2025 | ₫2898.5t | ₫534.0t | ₫253.7t | 9.6x | 11.4x | 5.4x |
| Wed, 30 Jul 2025 | ₫2387.0t | ₫520.4t | ₫242.7t | 8.8x | 9.8x | 4.6x |
| Fri, 27 Jun 2025 | ₫2190.3t | ₫516.8t | ₫241.0t | 7.5x | 9.1x | 4.2x |
| Sun, 25 May 2025 | ₫2132.5t | ₫516.8t | ₫241.0t | 7.7x | 8.8x | 4.1x |
| Tue, 22 Apr 2025 | ₫2063.3t | ₫504.0t | ₫231.3t | 7.9x | 8.9x | 4.1x |
| Thu, 20 Mar 2025 | ₫2263.0t | ₫500.6t | ₫234.1t | 8.7x | 9.7x | 4.5x |
| Sat, 15 Feb 2025 | ₫2190.7t | ₫500.8t | ₫234.5t | 8.6x | 9.3x | 4.4x |
| Mon, 13 Jan 2025 | ₫2076.3t | ₫468.2t | ₫212.8t | 8.6x | 9.8x | 4.4x |
| Wed, 11 Dec 2024 | ₫2090.3t | ₫469.0t | ₫213.6t | 8.9x | 9.8x | 4.5x |
| Fri, 08 Nov 2024 | ₫2094.0t | ₫470.4t | ₫209.4t | 9x | 10x | 4.5x |
| Sun, 06 Oct 2024 | ₫2112.8t | ₫455.1t | ₫204.6t | 9.5x | 10.3x | 4.6x |
| Tue, 03 Sep 2024 | ₫2070.9t | ₫455.1t | ₫204.5t | 8.3x | 10.1x | 4.6x |
| Thu, 01 Aug 2024 | ₫2017.0t | ₫447.6t | ₫202.6t | 8.6x | 10x | 4.5x |
| Sat, 29 Jun 2024 | ₫1927.6t | ₫430.1t | ₫194.6t | 7.6x | 9.9x | 4.5x |
| Mon, 27 May 2024 | ₫1996.5t | ₫429.9t | ₫194.7t | 7.8x | 10.3x | 4.6x |
| Wed, 24 Apr 2024 | ₫1956.9t | ₫424.5t | ₫189.1t | 7.6x | 10.3x | 4.6x |
| Fri, 22 Mar 2024 | ₫2068.1t | ₫426.3t | ₫194.7t | 8.3x | 10.6x | 4.9x |
| Sun, 18 Feb 2024 | ₫1975.6t | ₫417.8t | ₫192.3t | 7.7x | 10.3x | 4.7x |
| Tue, 16 Jan 2024 | ₫1886.4t | ₫404.9t | ₫178.8t | 7.6x | 10.6x | 4.7x |
| Thu, 14 Dec 2023 | ₫1718.9t | ₫397.1t | ₫175.5t | 6.8x | 9.8x | 4.3x |
| Sat, 11 Nov 2023 | ₫1715.8t | ₫396.7t | ₫176.4t | 6.8x | 9.7x | 4.3x |
| Mon, 09 Oct 2023 | ₫1683.2t | ₫395.3t | ₫176.9t | 6.3x | 9.5x | 4.3x |
| Wed, 06 Sep 2023 | ₫1820.7t | ₫395.3t | ₫176.9t | 7.3x | 10.3x | 4.6x |
| Fri, 04 Aug 2023 | ₫1806.6t | ₫394.5t | ₫176.4t | 6.7x | 10.2x | 4.6x |
| Sun, 02 Jul 2023 | ₫1683.6t | ₫374.0t | ₫166.7t | 7.6x | 10.1x | 4.5x |
Price to Earnings Ratio
10.1x
Current Industry PE
- Investors are relatively neutral on the Vietnamese Banks 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 10.0x.
- The industry is trading close to its 3-year average PS ratio of 4.6x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 18% 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 industry?
| VN Market | 3.56% | |
| Financials | 0.097% | |
| Banks | 0.56% | |
| Regional Banks | 10.34% | |
| Diversified Banks | 0.43% | |
Industry PE
- Investors are most optimistic about the Regional Banks industry which is trading above its 3-year average PE ratio.
- 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 Banks industry, which is trading close to its 3-year average of 9.9x.
Forecasted Growth
- Analysts are most optimistic on the Diversified 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 Diversified 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 | ₫56.00k | 19.0% +₫26.7t | 76.1% | PB3.4x | |
| TCB Vietnam Technological and Commercial Bank | ₫33.40k | 7.1% +₫15.6t | -1.9% | PB1.3x | |
| NVB National Citizen Commercial Bank | ₫14.60k | 15.9% +₫3.8t | 20.7% | PB2x | |
| STB Saigon Treasure Commercial Bank | ₫72.20k | 1.8% +₫2.5t | 54.3% | PB2.2x | |
| VPB Vietnam Prosperity Commercial Bank | ₫26.70k | 1.1% +₫2.4t | 45.5% | PB1.2x |