FINANCE-BANKING STOCKS TO BECOME NEW CRAZE IN 2018

A recent survey conducted by Vietnam Report revealed that finance and banking stocks would be the ones to watch out for in 2018 as a number of reputable financial institutions (FIs) schedule to hold their initial public offering (IPO) next year.

In early 2018, Ho Chi Minh Development Bank (HDBank) planned to hold their IPO on the Ho Chi Minh City Stock Exchange (HoSE).

Nguyen Thi Phuong Thao, permanent vice chairwoman of the Board of Directors (BOD) of HDBank, asserted that the bank accomplished a steady annual average growth rate (AAGR) of 30 per cent over the past decade. She added that the bank expected to maintain the AARG at 25 per cent in 2017-2020.

Another bank to watch in 2018 is TPBank (ticker TPB) which scheduled to list on HoSE before the second quarter of 2018. Earlier, the bank’s shareholders approved the plan to raise the charter capital by the separate issuance of up to 87.6 million shares, said Do Minh Phu, TPBank’s chairman of the BOD.

Currently, the TPB stock on the over-the-counter market (OTC) is priced at VND26,000 ($1.1). Phu added that the bank expected to achieve a revenue of VND1.2 trillion ($52.96 million) in 2017.

Additionally, members of the BOD at Orient Commercial Bank (OCB) highlighted the bank’s intention of organising its IPO on HoSE in late 2018 or in early 2019. The estimated profit of OCB in 2017 mount up to VND1 trillion ($44.1 million), which exceeded the annual target by VND780 billion ($34.3 million).

The list of FIs expecting to list on HoSE goes on, including Vietnam International Bank (VIB) and Techcombank. Additionally, there are several other institutions planning to list shares on UPCoM, such as BacA Bank and VietBank.

The most recent survey conducted by Vietnam Report displayed finance-banking stocks' investment prospects. Specifically, over 45 per cent of respondents elected finance-banking as the stock group most worthy of investment and as the most profitable in 2018, following by real estate-construction with 29.2 per cent and consumption goods with 20.8 per cent.

Vo Tri Thanh, former deputy director of the Central Institute for Economic Management (CIEM), pointed out that bank stocks would most likely attract buyers and investors in 2018 due to more effective non-performing loan handling solutions as well as the upcoming application of Basel II to the entire banking system.

Source: VIR

Related News

VIETNAM ECONOMY INVESTMENT

AGRICULTURAL, FORESTRY AND FISHERY EXPORTS REACH NEARLY $49.3 BILLION AFTER EIGHT MONTHS

Asia remained Việt Nam’s largest export market, accounting for 45.5 per cent of total market share, with exports to the region increasing 11.3 per cent year on year. Việt Nam’s agricultural, forestry and fishery exports totaled nearly US$49.3 billion in the first eight months of this year, up 7 per cent year on year, maintaining growth momentum despite divergent trends among major product groups.

Sep 09, 2026

BANKING / FINANCE / INSURANCE / TAX

BANK DEPOSITS OVERTAKE CREDIT GROWTH IN LATE AUGUST

Vietnamese đồng deposits at banks grew faster than credit by late August, reversing a trend seen earlier this year and easing some short-term liquidity pressure, although banks continue to face high funding costs amid strong demand for loans. Speaking at the Government’s regular meeting, Trần Quốc Phương, deputy minister of finance, said that as of August 22, Vietnamese đồng deposits at credit institutions had increased 8.77 per cent from the beginning of the year, slightly exceeding the 8.38 per cent growth in Vietnamese đồng lending.

Sep 09, 2026

VIETNAM ECONOMY INVESTMENT

FOREIGN CAPITAL SEEKS STRONGER FOOTHOLD IN VIỆT NAM THROUGH M&A

Foreign investors carried out 1,815 capital contribution and share purchase transactions in Việt Nam in the first seven months of 2026, with total capital exceeding $6.5 billion. While the number of transactions fell 8.4 per cent year-on-year, their value rose 61.6 per cent. Rather than investing from scratch to build new production facilities, many foreign investors are choosing to acquire stakes in existing Vietnamese companies as a faster way to establish a foothold in the market.

Sep 09, 2026

GARMENT / TEXTILE

MANUFACTURING PRODUCTION RISES AT FASTEST PACE IN JUST OVER TWO YEARS

Growth in the Vietnamese manufacturing sector continued to strengthen midway through the third quarter of the year. The S&P Global Vietnam Manufacturing Purchasing Managers' Index (PMI) posted 53.3 points in August, up from 52.9 points in July and above the 50.0 no-change mark for the fourteenth consecutive month. The latest strengthening of business conditions in the sector, as revealed on September 3, was the most pronounced since February.

Sep 09, 2026

TECHNOLOGY

TECHNOLOGY, INNOVATION DRIVE CHEMICAL INDUSTRY TOWARDS HIGHER-VALUE GROWTH

Technological innovation, automation and digital transformation are becoming central to the chemical industry as companies seek to move towards higher-value products, strengthen domestic technological capabilities and pursue greener, more sustainable production. The shift is being accelerated by Politburo Resolution No. 57-NQ/TW on breakthroughs in science, technology, innovation and national digital transformation, alongside Việt Nam's chemical industry development strategy to 2030 with a vision to 2040.

Sep 09, 2026

VIETNAM ECONOMY INVESTMENT

FDI INFLOWS RISE 55.4 PER CENT ON YEAR

According to the Foreign Investment Agency under the Ministry of Finance, total foreign direct investment (FDI) registered in Vietnam reached $40.63 billion as of August 31, up 55.4 per cent year-on-year. All three components – newly registered capital, additional capital injected into existing projects, and foreign investors’ capital contributions and share purchases – recorded increases.

Sep 09, 2026