First Vietnamese bank surpasses $762mn in quarterly net interest income

According to second-quarter 2026 financial statements released by 27 banks listed on Vietnam’s stock exchanges, the majority reported higher net interest income compared with the previous quarter.

Only five banks recorded declines.

The top five banks each generated more than VND16.8 trillion ($641 million) in net interest income, significantly outperforming the rest of the sector.

VietinBank remained the industry’s leader, reporting a record-high VND20.7 trillion, marking the first time a Vietnamese bank has crossed the VND20 trillion threshold in quarterly net interest income.

Previously, only two banks had come close to the milestone.

BIDV reported nearly VND19.25 trillion ($734 million) in the fourth quarter of 2025, while VietinBank posted VND19.385 trillion ($739.3 million) in the first quarter of 2026.

Vietcombank also recorded strong growth during the quarter, with net interest income rising to over VND19.140 trillion ($730.2 million).

Although VPBank posted the slowest growth among the top nine banks at six percent, it maintained its ranking ahead of BIDV, MB, and Techcombank, all of which recorded 13 percent growth.

Among smaller lenders, NCB and Vietbank delivered the strongest quarterly gains, benefiting from relatively low comparison bases in the previous quarter.

NCB’s net interest income increased 30.5 percent, while Vietbank posted a 29.4-percent rise.

Both banks climbed two spots in the industry rankings.

At the other end of the spectrum, five banks reported declines in net interest income, including MSB, SeABank, ABBank, VietABank, and Saigonbank.

Saigonbank experienced the steepest drop, with net interest income falling 23.7 percent to VND160 billion ($6.1 million), the lowest figure among the 27 listed banks.

VietABank followed with a 14.6-percent decline to VND577 billion ($22 million).

The shifts in net interest income also reshaped several positions in the rankings.

SHB posted a 22-percent increase, allowing it to overtake Sacombank and reclaim ninth place.

OCB rose six percent and moved ahead of SeABank into 15th position.

ABBank recorded one of the largest ranking declines, dropping three places to 23rd after its net interest income slipped 2.5 percent.

Overall, state-owned banks and the country’s largest private-sector lenders within the top 10 recorded relatively balanced growth ranging from six to 15 percent.

Smaller banks, by contrast, experienced much greater fluctuations in both directions due to their lower earnings bases.

Credit growth reaches 8.38 percent

Deputy governor of the State Bank of Vietnam Pham Thanh Ha recently said that due to a range of policy measures, outstanding credit across the banking system had exceeded VND20.15 quadrillion ($771 billion) as of July 29, representing an 8.38-percent increase from the end of 2025.

Credit continued to be directed primarily toward production and business activities, with priority given to sectors identified by the government as key drivers of economic growth.

The central bank expects the global economic environment to remain uncertain in the future, creating challenges for the conduct of monetary policy in emerging and developing economies with high levels of openness, including Vietnam.

For the remainder of 2026, the State Bank of Vietnam said it would continue to closely monitor domestic and international economic developments while managing monetary policy in a proactive and flexible manner.

In addition, the central bank aims to maintain adequate liquidity across the banking system, keep inflation under control, preserve macroeconomic stability, and support sustainable economic growth.

The central bank will continue monitoring credit expansion and the implementation of credit support programs to ensure timely policy adjustments where necessary.