Customers do transactions at Techcombank (Source: cafef.vn)
Hanoi (VNS/VNA) -♐ Shares offour Vietnamese banks may rise 14-68 percent in 12 months, according to JPMorgan’s Asia Pacific Equity Research.
The New York-based financial institutionsaid in its research that the Vietnamese banks “offered an increasingly rarecombination of high and self-sustaining earnings growth."
“This, with a favourable credit cycle,should lead to significant multi-year returns,” the US bank reported early thismonth.
In addition, high visibility on nominalgross domestic product (GDP) and current account surplus allows “extrapolationof strong earnings and credit growth in Vietnam.”
JP Morgan rated shares of the Joint StockCommercial Bank for Foreign Trade of Vietnam (Vietcombank), the VietnamTechnological and Commercial Joint Stock bank (Techcombank) and the AsiaCommercial Joint Stock Bank (ACB) at over weight and the Vietnam ProsperityJoint Stock Commercial Bank (VPBank) at neutral.
The banks under JP Morgan’s coverage areexpected to deliver 15-21 percent return-on-equity (RoE) ratios in the next twoyears as “they have started making money on both sides of the balancesheet.”
JP Morgan also highlighted favourablecyclical positioning as a defining feature of the Vietnamese bankingsystem, which managed asset quality problems well in 2012-13.
It spoke highly of the creation of theVietnam Asset Management Company (VAMC), which “provided a five-year timelineto write off bad debt” and allowed banks to grow sustainably through beingfunded against VAMC bonds.
Vietcombank, Techcombank, ACB and VPBank wereforecast to record a 12 percent earnings compound annual growth rate (CAGR) for2019-21 on the back of a 16 percent loan CAGR and a 6-13 basis point netinterest margin (NIM) compression, as competition in retail loans should crimpyields.
JP Morgan warned the four banks’ stock ofcapital would appear low at a 12.2 percent capital adequacy ratio (CAR) as theywere “transitioning from Basel 1 to Basel 2.”
Meanwhile, high RoE, limited dividendpayout rates of 0-17 percent and reasonable risk-weighted asset growth of 13-19percent would ensure capital needs are met.
ꦿ In addition, credit penetration at 104 percentof the revised GDP is high, according to JP Morgan, due to “leverage build-upat State-linked companies with low capital efficiency” and a higher consumerleverage that would limit growth and lead to non-performing loans (NPLs)./.
The Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) has announced its pre-tax profit in 2018 rose 11 percent year on year to 9.62 trillion VND (around 414.2 million USD).
The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has offered to sell more than 2.3 million shares it owns in the national carrier Vietnam Airlines.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Customers do transactions at Techcombank (Source: cafef.vn) 
