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Vietnamese (HOSE) Banks Industry Analysis
UpdatedMar 14, 2025
DataAggregated Company Financials
Companies20
- 7D0.7%
- 3M7.8%
- 1Y11.5%
- YTD6.5%
The Banks is pretty flat in the last 7 days, but Commercial Bank for Foreign Trade of Vietnam has stood out, gaining 4.7%. The past year has been better, since the industry has gained 12% in that time. Looking forward, earnings are forecast to grow by 18% annually.
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 |
|---|---|---|---|---|---|---|
| Fri, 14 Mar 2025 | ₫2252.3t | ₫500.6t | ₫234.5t | 8.7x | 9.6x | 4.5x |
| Sun, 09 Feb 2025 | ₫2186.8t | ₫500.8t | ₫234.5t | 8.6x | 9.3x | 4.4x |
| Tue, 07 Jan 2025 | ₫2097.4t | ₫468.2t | ₫212.8t | 8.7x | 9.9x | 4.5x |
| Thu, 05 Dec 2024 | ₫2055.3t | ₫469.0t | ₫213.6t | 8.6x | 9.6x | 4.4x |
| Sat, 02 Nov 2024 | ₫2101.5t | ₫462.5t | ₫208.9t | 9.4x | 10.1x | 4.5x |
| Mon, 30 Sep 2024 | ₫2133.7t | ₫455.1t | ₫204.6t | 9.4x | 10.4x | 4.7x |
| Wed, 28 Aug 2024 | ₫2060.4t | ₫455.1t | ₫204.9t | 8.2x | 10.1x | 4.5x |
| Fri, 26 Jul 2024 | ₫1978.0t | ₫445.9t | ₫201.7t | 8.4x | 9.8x | 4.4x |
| Sun, 23 Jun 2024 | ₫1993.8t | ₫430.1t | ₫194.6t | 7.9x | 10.2x | 4.6x |
| Tue, 21 May 2024 | ₫2046.4t | ₫429.9t | ₫194.7t | 8x | 10.5x | 4.8x |
| Thu, 18 Apr 2024 | ₫1957.1t | ₫424.4t | ₫191.9t | 7.6x | 10.2x | 4.6x |
| Sat, 16 Mar 2024 | ₫2021.5t | ₫426.3t | ₫194.9t | 7.8x | 10.4x | 4.7x |
| Mon, 12 Feb 2024 | ₫1969.0t | ₫417.3t | ₫190.4t | 7.8x | 10.3x | 4.7x |
| Wed, 10 Jan 2024 | ₫1849.8t | ₫404.9t | ₫178.8t | 7.4x | 10.3x | 4.6x |
| Fri, 08 Dec 2023 | ₫1735.5t | ₫397.1t | ₫175.5t | 7.1x | 9.9x | 4.4x |
| Sun, 05 Nov 2023 | ₫1712.4t | ₫394.2t | ₫175.4t | 6.6x | 9.8x | 4.3x |
| Tue, 03 Oct 2023 | ₫1725.0t | ₫395.3t | ₫176.9t | 6.6x | 9.7x | 4.4x |
| Thu, 31 Aug 2023 | ₫1787.8t | ₫395.3t | ₫176.9t | 7.2x | 10.1x | 4.5x |
| Sat, 29 Jul 2023 | ₫1796.1t | ₫379.4t | ₫169.2t | 7.2x | 10.6x | 4.7x |
| Mon, 26 Jun 2023 | ₫1696.0t | ₫374.0t | ₫166.7t | 7.7x | 10.2x | 4.5x |
| Wed, 24 May 2023 | ₫1605.4t | ₫374.0t | ₫166.7t | 7x | 9.6x | 4.3x |
| Fri, 21 Apr 2023 | ₫1570.4t | ₫373.5t | ₫167.1t | 7.1x | 9.4x | 4.2x |
| Sun, 19 Mar 2023 | ₫1577.7t | ₫374.2t | ₫171.7t | 6.8x | 9.2x | 4.2x |
| Tue, 14 Feb 2023 | ₫1561.8t | ₫374.2t | ₫171.7t | 6.1x | 9.1x | 4.2x |
| Thu, 12 Jan 2023 | ₫1535.3t | ₫358.0t | ₫160.2t | 6.5x | 9.6x | 4.3x |
| Sat, 10 Dec 2022 | ₫1452.6t | ₫366.5t | ₫164.0t | 6.2x | 8.9x | 4x |
| Mon, 07 Nov 2022 | ₫1335.0t | ₫366.5t | ₫164.8t | 6.2x | 8.1x | 3.6x |
| Wed, 05 Oct 2022 | ₫1341.2t | ₫332.4t | ₫145.4t | 6.8x | 9.2x | 4x |
| Fri, 02 Sep 2022 | ₫1643.6t | ₫330.7t | ₫145.1t | 8.3x | 11.3x | 5x |
| Sun, 31 Jul 2022 | ₫1544.4t | ₫318.4t | ₫137.7t | 8.4x | 11.2x | 4.9x |
| Tue, 28 Jun 2022 | ₫1461.3t | ₫314.1t | ₫133.4t | 9.1x | 11x | 4.7x |
| Thu, 26 May 2022 | ₫1516.6t | ₫314.1t | ₫133.4t | 10.4x | 11.4x | 4.8x |
| Sat, 23 Apr 2022 | ₫1738.6t | ₫304.7t | ₫127.3t | 12x | 13.7x | 5.7x |
| Mon, 21 Mar 2022 | ₫1865.4t | ₫297.3t | ₫125.8t | 13.7x | 14.8x | 6.3x |
Price to Earnings Ratio
14.8x
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 10.2x.
- The industry is trading close to its 3-year average PS ratio of 4.5x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 23% per year over the last three years.
- Revenues for these companies have grown 19% 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 | 0.62% | |
| Financials | 0.54% | |
| Banks | 0.69% | |
| Diversified Banks | 0.70% | |
| Regional Banks | 0% | 0 |
Industry PE
- Investors are most optimistic about the Regional Banks industry even though it's trading below its 3-year average PE ratio of 4kx.
- 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 10.1x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 18% over the next 5 years.
- However this is lower than its past earnings growth rate of 23% per year.
- In contrast, the Diversified Banks industry is expected to see its earnings grow by 18% 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 | ₫65.50k | 4.7% +₫24.7t | 3.1% | PB2.8x | |
| CTG Vietnam Commercial Bank for Industry and Trade | ₫42.30k | 1.6% +₫3.5t | 22.8% | PB1.5x | |
| NAB Nam A Commercial Bank | ₫17.60k | 3.5% +₫1.7t | 33.7% | PB1.3x | |
| MBB Military Commercial Bank | ₫24.30k | 0.8% +₫1.2t | 19.2% | PB1.3x | |
| SSB Southeast Asia Commercial Bank | ₫19.80k | 1.8% +₫995.8b | -0.5% | PB1.9x |