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Vietnamese (HOSE) Banks Industry Analysis
UpdatedSep 29, 2025
DataAggregated Company Financials
Companies21
- 7D0.1%
- 3M23.0%
- 1Y27.0%
- YTD27.9%
In the last week, Banks has been flat. The past year has been better, since the industry has gained 27% in that time. Looking forward, earnings are forecast to grow by 16% 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 |
|---|---|---|---|---|---|---|
| Mon, 29 Sep 2025 | ₫2719.6t | ₫534.0t | ₫253.6t | 9x | 10.7x | 5.1x |
| Wed, 27 Aug 2025 | ₫2837.3t | ₫534.0t | ₫253.7t | 9.7x | 11.2x | 5.3x |
| Fri, 25 Jul 2025 | ₫2443.6t | ₫519.7t | ₫242.3t | 8.7x | 10.1x | 4.7x |
| Sun, 22 Jun 2025 | ₫2197.8t | ₫516.8t | ₫241.0t | 7.5x | 9.1x | 4.3x |
| Tue, 20 May 2025 | ₫2128.8t | ₫516.8t | ₫241.0t | 7.8x | 8.8x | 4.1x |
| Thu, 17 Apr 2025 | ₫2064.4t | ₫504.0t | ₫231.3t | 7.9x | 8.9x | 4.1x |
| Sat, 15 Mar 2025 | ₫2262.7t | ₫500.6t | ₫234.5t | 8.7x | 9.6x | 4.5x |
| Mon, 10 Feb 2025 | ₫2186.8t | ₫500.8t | ₫234.5t | 8.6x | 9.3x | 4.4x |
| Wed, 08 Jan 2025 | ₫2112.7t | ₫468.2t | ₫212.8t | 8.7x | 9.9x | 4.5x |
| Fri, 06 Dec 2024 | ₫2098.1t | ₫469.0t | ₫213.6t | 8.9x | 9.8x | 4.5x |
| Sun, 03 Nov 2024 | ₫2101.5t | ₫463.2t | ₫209.3t | 9.4x | 10x | 4.5x |
| Tue, 01 Oct 2024 | ₫2131.3t | ₫455.1t | ₫204.6t | 9.6x | 10.4x | 4.7x |
| Thu, 29 Aug 2024 | ₫2063.1t | ₫455.1t | ₫204.9t | 8.3x | 10.1x | 4.5x |
| Sat, 27 Jul 2024 | ₫1984.4t | ₫445.9t | ₫201.7t | 8.6x | 9.8x | 4.4x |
| Mon, 24 Jun 2024 | ₫1993.8t | ₫430.1t | ₫194.6t | 7.9x | 10.2x | 4.6x |
| Wed, 22 May 2024 | ₫2036.0t | ₫429.9t | ₫194.7t | 7.8x | 10.5x | 4.7x |
| Fri, 19 Apr 2024 | ₫1957.1t | ₫424.4t | ₫191.9t | 7.6x | 10.2x | 4.6x |
| Sun, 17 Mar 2024 | ₫2021.5t | ₫426.3t | ₫194.9t | 7.8x | 10.4x | 4.7x |
| Tue, 13 Feb 2024 | ₫1969.0t | ₫417.3t | ₫190.4t | 7.8x | 10.3x | 4.7x |
| Thu, 11 Jan 2024 | ₫1882.0t | ₫404.9t | ₫178.8t | 7.5x | 10.5x | 4.6x |
| Sat, 09 Dec 2023 | ₫1741.7t | ₫397.1t | ₫175.5t | 7x | 9.9x | 4.4x |
| Mon, 06 Nov 2023 | ₫1712.4t | ₫394.2t | ₫175.4t | 6.6x | 9.8x | 4.3x |
| Wed, 04 Oct 2023 | ₫1725.0t | ₫395.3t | ₫176.9t | 6.4x | 9.7x | 4.4x |
| Fri, 01 Sep 2023 | ₫1802.4t | ₫395.3t | ₫176.9t | 7.3x | 10.2x | 4.6x |
| Sun, 30 Jul 2023 | ₫1796.1t | ₫379.4t | ₫169.2t | 7.2x | 10.6x | 4.7x |
| Tue, 27 Jun 2023 | ₫1698.0t | ₫374.0t | ₫166.7t | 7.6x | 10.2x | 4.5x |
| Thu, 25 May 2023 | ₫1594.1t | ₫374.0t | ₫166.7t | 6.9x | 9.6x | 4.3x |
| Sat, 22 Apr 2023 | ₫1560.0t | ₫373.5t | ₫167.1t | 7.2x | 9.3x | 4.2x |
| Mon, 20 Mar 2023 | ₫1577.7t | ₫374.2t | ₫171.7t | 6.8x | 9.2x | 4.2x |
| Wed, 15 Feb 2023 | ₫1549.3t | ₫374.2t | ₫171.7t | 6.1x | 9x | 4.1x |
| Fri, 13 Jan 2023 | ₫1537.4t | ₫358.0t | ₫160.2t | 6.6x | 9.6x | 4.3x |
| Sun, 11 Dec 2022 | ₫1452.4t | ₫366.5t | ₫164.0t | 6.2x | 8.9x | 4x |
| Tue, 08 Nov 2022 | ₫1304.1t | ₫366.5t | ₫164.0t | 6.2x | 8x | 3.6x |
| Thu, 06 Oct 2022 | ₫1363.0t | ₫332.4t | ₫145.4t | 6.9x | 9.4x | 4.1x |
Price to Earnings Ratio
9.4x
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 9.8x.
- The 3-year average PS ratio of 4.4x is lower than the industry's current PS ratio of 5.1x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 20% 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 | 0.087% | |
| Financials | -0.11% | |
| Banks | 0.11% | |
| Diversified Banks | 0.13% | |
| Regional Banks | -0.82% | |
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, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 9.7x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 16% over the next 5 years.
- However this is lower than its past earnings growth rate of 34% per year.
- In contrast, the Diversified 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| VPB Vietnam Prosperity Commercial Bank | ₫31.10k | 5.4% +₫12.7t | 54.7% | PB1.7x | |
| CTG Vietnam Commercial Bank for Industry and Trade | ₫51.00k | 3.4% +₫9.1t | 38.0% | PB1.7x | |
| TCB Vietnam Technological and Commercial Bank | ₫38.75k | 3.3% +₫8.8t | 60.1% | PB1.7x | |
| HDB Ho Chi Minh City Development Commercial Bank | ₫30.90k | 6.6% +₫6.6t | 31.5% | PB1.7x | |
| VCB Commercial Bank for Foreign Trade of Vietnam | ₫62.60k | 1.0% +₫5.0t | 1.7% | PB2.4x |