Mixed performance by Vietnam commercial banks in Q3
Vietnamese commercial banks have had a mixed third quarter, with some reporting substantial profit gains while others seeing steep declines or even losses.

Vietcombank headquarters in Hanoi. Photo courtesy of the bank.
According to statistics compiled by The Investor, 26 listed banks in the country earned profits of VND56.06 trillion ($2.22 billion) in Q3, up 17% from a low base in the same period last year.
In terms of absolute value, six banks – Vietcombank, Techcombank, VietinBank, VPBank, HDBank and LPBank – saw profit increase by over VND1 trillion ($39.53 million) compared to the same quarter last year.
State-controlled Vietcombank maintained its position as the sector leader, reporting after-tax profits of VND8.57 trillion ($338.74 million), up nearly 19% year-on-year, with all segments except foreign exchange trading showing growth.
LPBank delivered the most impressive performance with Q3 net profits of VND2.33 trillion ($92.1 million), 2.3 times higher than the same period last year. The surge was driven by a significant increase in service income, which skyrocketed from VND164 billion to VND1.02 trillion.
VPBank also showed remarkable growth, with profit soaring 71.5% year-on-year to VND4.16 trillion ($164.43 million), the highest in two years. HDBank and VietinBank reported profit increases of 41% and 33%, respectively.
Private lender Vietbank saw the most striking profit growth, with VND327 billion ($12.93 million), representing an 8.4-fold increase from the same period last year.
The bank has expanded its network to 124 branches, which is set to increase further to 132 by the end of this year. As a result, its net interest margin (NIM) more than doubled to VND2.11 trillion ($83.4 million) in the first nine months of this year, including VND852 billion in Q3.
NamABank also expanded its reach, with nearly 250 transaction points as of early October, resulting in a 53% increase in NIM to VND2 trillion ($79 million) and a 109% jump in after-tax profit to VND870 billion in Q3.
Not all banks fared well in the third quarter.
Orient Commercial Bank (OCB) reported Q3 profits of VND347 billion ($13.72 million), down 68% year-on-year.
Several other banks including Maritime Bank, Vietnam International Bank (VIB), Saigon-Hanoi Bank (SHB) and KienlongBank experienced double-digit profit drops.
ABBank was the only bank to report a loss in Q3/2024 of VND285 billion ($11.26 million), compared to a profit of VND24 billion in the same period last year.
ABBank’s service revenue plummeted from VND189 billion to VND82 billion; and it suffered unspecified losses in foreign exchange trading and securities investment. The lender’s operating costs remained stable, but credit risk provisioning doubled to VND526 billion.
Its lackluster Q3 performance left ABBank with a pre-tax profit of VND239 billion ($9.45 million) for the first nine months, down 66% year-on-year, achieving only 24% of the year's target; while its after-tax profit dropped 68% to VND181 billion.
The bank attributed its lower-than-expected profits to increased bad debt provisioning and falling market demand due to the impacts of natural disasters.
- Read More
Vietnam's agri major Hoang Anh Gia Lai fined for bond information disclosure failure
Vietnam's agri major Hoang Anh Gia Lai JSC has been fined VND92.5 million ($3,528) for failing to disclose bond-related information as required by law.
Companies - Thu, August 7, 2025 | 4:31 pm GMT+7
Northern Vietnam province accelerates $2.2 bln LNG-to-power project
Quang Ninh province will hand over 4.9 hectares of reclaimed land to the Quang Ninh LNG-fuelled power plant project before August 11, local authorities stated at a meeting on Wednesday.
Energy - Thu, August 7, 2025 | 4:17 pm GMT+7
Vietnam's seafood firms ride profit wave ahead of US tariff hike
Vietnam’s seafood companies reported surging profits in Q2/2025, driven by importers ramping up purchases ahead of new U.S. reciprocal tariffs.
Economy - Thu, August 7, 2025 | 2:21 pm GMT+7
Le Anh Tuan appointed new CEO of Dragon Capital Vietfund Management JSC
Dragon Capital Group, Vietnam's largest asset manager, has appointed Le Anh Tuan as CEO of its arm Dragon Capital Vietfund Management Joint Stock Company (DCVFM), starting from October 1, 2025.
Companies - Thu, August 7, 2025 | 2:01 pm GMT+7
Indonesia, Malaysia, Thailand expand local currency transaction network
Bank Indonesia, Bank Negara Malaysia, and Bank of Thailand have added new Appointed Cross Currency Dealer (ACCD) participating banks to broaden services for bilateral transactions in local currencies across the three nations, Bank Indonesia said in a statement on Tuesday.
Southeast Asia - Thu, August 7, 2025 | 12:48 pm GMT+7
ASEAN to sign MoU on regional power grid implementation
ASEAN member states are set to sign an MoU on the implementation of the ASEAN Power Grid during the bloc’s Energy Ministers’ Meeting this October.
Southeast Asia - Thu, August 7, 2025 | 12:43 pm GMT+7
Vietnam overtakes Thailand to become world's second-largest rice exporter
Vietnam has outranked Thailand as the world’s second-largest rice exporter in the first half of 2025, Thai PBS reported on August 3, citing the Thai Rice Exporters Association.
Companies - Thu, August 7, 2025 | 12:41 pm GMT+7
Vietnam posts trade surplus of $10.18 bln in 7 months
Vietnam’s export earnings grew by 14.8% to $262.44 billion in the first seven months of this year, while its import turnover rose by 17.9% to $252.26 billion, resulting in a trade surplus of $10.18 billion.
Economy - Thu, August 7, 2025 | 12:19 pm GMT+7
Malaysia pledges big purchases, investments with US
Malaysia has agreed to buy and invest over $240 billion (MYR1.02 trillion) in the U.S. to help reduce the trade gap between the two countries.
Southeast Asia - Thu, August 7, 2025 | 12:08 pm GMT+7
Vietnam's leading property developer Novaland to issue 152 mln shares to settle $229 mln debt
Novaland, a major real estate developer in Vietnam, plans to issue nearly 152 million new shares to swap more than VND6 trillion ($228.8 million) worth of bond principal.
Companies - Thu, August 7, 2025 | 10:11 am GMT+7
Vietnam's FDI capital disbursement hits five-year record high despite US tariff turmoil
Disbursed foreign direct investment (FDI) capital in Vietnam reached $13.6 billion in Jan-July, up 8.4% year-on-year, despite U.S. tariff concerns.
Economy - Thu, August 7, 2025 | 9:57 am GMT+7
Malaysia steps up efforts to explore nuclear energy potential
Malaysia’s Minister of Science, Technology and Innovation Chang Lih Kang on Wednesday reaffirmed his ministry’s commitment to enhancing cooperation with the Ministry of Energy Transition and Water Transformation (PETRA) in exploring the potential of nuclear energy.
Southeast Asia - Thu, August 7, 2025 | 8:10 am GMT+7
Indonesia's economy grows faster than expected
Indonesia's economy expanded by 5.12% year-on-year in Q2/2025, up from 4.87% in the previous quarter, exceeding the forecasts of many economic organizations, which had previously projected a rate of less than 5%, according to Statistics Indonesia (BPS).
Southeast Asia - Thu, August 7, 2025 | 8:07 am GMT+7
Philippine energy group eyes investment in Vietnam’s power sector
AboitizPower wants to invest in Vietnam’s electricity industry, especially in transmission infrastructure, said Danel Aboitiz, executive director of the corporation.
Energy - Wed, August 6, 2025 | 11:11 pm GMT+7
Vietnam seeks 8.3-8.5% economic expansion for 2025
The Government has requested the State Bank of Vietnam to proactively adjust the credit growth aim for this year in line with a GDP expansion target of 8.3-8.5%.
Economy - Wed, August 6, 2025 | 10:41 pm GMT+7
Japanese investment in Vietnam shifts toward service, trade, and technology: bank exec
Japanese investment in Vietnam is seeing a notable shift, with sharp increases in the services, trade, and technology sectors, while investment in manufacturing has slowed, said Abe Ryota, a senior economist at Sumitomo Mitsui Banking Corporation (SMBC).
Economy - Wed, August 6, 2025 | 4:06 pm GMT+7
- Consulting
-
Navigating tariff shocks: Vietnam’s path forward through diversification
-
Southeast Asia IPO performance in Jan-June
-
Vietnam's fund management industry has chance to make breakthrough development: exec
-
Vietnam infrastructure spending surges 40%
-
Vietnam needs two-pronged policy approach to mitigate impact of rising oil prices: RMIT experts
-
Proactively managing risk in volatile times