Vietnam now has 10 listed firms with over $38bn in assets

The group comprises BIDV, VietinBank, Vietcombank, MB, VPBank, Vingroup, Techcombank, Vinhomes, ACB, and HDBank, with banks accounting for eight of the 10 companies.

Vinhomes and HDBank were the latest to join the group as of June 30.

Vinhomes assets jump $9.24 billion in three months

Vinhomes reported total assets of VND1.11 quadrillion ($42.55 billion) at the end of June, up VND241 trillion ($9.24 billion) from three months earlier.

The increase was driven largely by inventories, which climbed by nearly VND68 trillion ($2.61 billion) from the end of March to VND207 trillion ($7.93 billion).

Its liabilities also surged by nearly VND240 trillion ($9.2 billion) to VND837 trillion ($32.08 billion), accounting for almost all of the increase in assets, while equity remained largely unchanged.

During the first half of 2026, Vinhomes launched three projects: Vinhomes Global Gate Ha Long and Vinhomes Hai Van Bay in April, and Vinhomes Saigon Park in June.

The developer posted VND52.09 trillion ($2 billion) in after-tax profit for the six-month period, completing 86.8 percent of its full-year target.

Vinhomes became the second non-bank listed company to cross the VND1-quadrillion asset threshold after Vingroup, which reached the milestone in the third quarter of 2025.

HDBank becomes eighth bank in group

HDBank recorded VND1.045 quadrillion ($40.06 billion) in total assets as of June 30, up more than VND61 trillion ($2.34 billion) from the end of the first quarter.

Customer loans rose by nearly VND58 trillion ($2.22 billion) to VND659 trillion ($25.26 billion), while customer deposits increased by more than VND52 trillion ($1.99 billion) to VND674 trillion ($25.84 billion).

The bank reported a first-half pre-tax profit of VND13.2 trillion ($506 million), up 31 percent year on year.

HDBank took over DongA Bank in early 2025 under a mandatory transfer scheme approved by the State Bank of Vietnam. The transferred lender was later renamed Vikki Bank and converted into a digital bank.

HDBank has targeted total assets of nearly VND1.2 quadrillion ($46 billion) by the end of 2026.

SHB, Sacombank close to threshold

SHB ranked just below the VND1-quadrillion group with VND963 trillion ($36.91 billion) in assets at the end of June, only VND37 trillion ($1.42 billion) short of the mark.

The bank has outlined two asset-growth scenarios for 2026. Its base target is VND975 trillion ($37.37 billion), while a second scenario would take assets above VND1 quadrillion if it is granted a credit growth quota of up to 16 percent.

Sacombank followed with VND892 trillion ($34.19 billion) in assets.