Sacombank expects its pre-tax profit for the second quarter of 2026 to reach only VND1,900 billion to VND2,000 billion, a drop of nearly 50 percent compared to the same period last year.

Vietnam’s central bank is steadily expanding monetary policy flexibility to support credit growth. But as investment demand surges, one question looms: how long can banks remain the economy’s primary source of long-term capital?

Sacombank expects its second-quarter 2026 pre-tax profit to fall by nearly 50% as legacy bad debts, higher funding costs and fierce competition for deposits continue to weigh on earnings.

Six of Vietnam's largest private groups are splashing nearly 4.9 quadrillion VND ($200 billion) across 40 major projects, underscoring the growing role of the private sector in driving the country's infrastructure, industrial and urban development.

The State Bank of Vietnam (SBV) has said it will not include outstanding loans for 18 mega projects in the “credit room” created for conventional loans to ensure that businesses feel secure investing in national key projects.

As credit growth continues to outpace deposit growth, liquidity pressures are mounting across Vietnam's banking system. Many banks, particularly the “Big 4” state-owned lenders, have stepped up bond issuance to raise additional funding.

The United Overseas Bank (UOB) Vietnam on July 1 broke ground on UOB Plaza Ho Chi Minh City, its new headquarters commanding a total cost of some 450 million USD.

The maximum ratio of short-term capital used for medium- and long-term lending by credit institutions will be raised from the current 30% to 40% from July 1, according to a newly issued circular from the State Bank of Vietnam (SBV).

Vietnam Prosperity Joint Stock Commercial Bank (LPBank) has disclosed that billionaire Pham Nhat Vuong, chairman of Vingroup, has become one of the bank's major shareholders.

The State Bank is encouraging commercial lenders to support large-scale national development projects while maintaining risk controls.

Saigon Commercial Joint Stock Bank (SCB) has announced the liquidation of all assets, work equipment and materials at 11 branches across the country.

With businesses seeking billions of dollars, banks raising deposit rates and the government accelerating infrastructure spending, Vietnam is entering an unprecedented competition for capital.

TNEX has been honored as the "Best Digital Bank in Vietnam 2026" by The Asian Banker. Marking its fourth win, this prestigious award reinforces TNEX’s enduring position and commitment to excellence on the global digital financial map.

The State Bank of Vietnam (SBV) has repeatedly asked commercial banks to lower deposit and lending interest rates as one of the solutions to achieve double-digit growth.

According to the State Bank of Vietnam, nearly 87% of Vietnamese adults had bank accounts as of early this year, while the number of non-cash payment transactions has been growing by nearly 59% annually.

Vietnam's anti-fraud payment platform has issued alerts to more than 4.4 million customers.

The race for scale in Vietnam's banking sector intensified as several mid-sized lenders moved closer to joining the VND1 quadrillion club.

Vietnam’s central bank has moved to encourage lending to social housing and industrial parks by relaxing credit growth calculations for participating banks.

Average lending rates at many banks edged up in April as they had to pay high for deposits. Meanwhile, the State Bank of Vietnam (SBV) continues to require credit institutions to control interest rates to support economic growth.