Which Vietnamese banks delivered the strongest earnings per share in H1?
Vietnamese banks reported H1 2026 EPS results. BVBank (BVB) led EPS growth, rising to VND682 from VND135 a year earlier, driven by after-tax profit to VND437.2bn. Vietcombank had the highest EPS at VND2,872, with profit up 36.9% to nearly VND24tn. Eximbank and SeABank saw large EPS declines.
How this was made
The 30-second read
Why it matters
Traders can use the EPS growth and profit-attributable figures to form relative positioning across Vietnamese bank stocks, but the piece lacks valuation and forward-looking catalysts.
Market read
A peer-comparison of H1 EPS growth and levels across Vietnamese banks, highlighting winners and losers for near-term relative trading.
What to watch
The excerpt does not break down drivers (NIM, credit loss provisions, fee income, one-offs) or provide forward guidance, so traders may overfit to EPS alone without assessing sustainability.
Background
The article explains EPS as after-tax profit divided by average ordinary shares, then ranks Vietnamese banks by H1 2026 EPS growth and absolute EPS.
Ticker impact
SeABank’s H1 2026 EPS dropped 53.6% to VND595, indicating a major earnings contraction.
Negative bias, potentially higher volatility versus the rest of the group.
The article provides the decline but not the underlying cause, limiting conviction on duration.
Market effects
Creates a relative profitability map for Vietnamese banks based on H1 EPS growth and level, which can drive short-term rotation within the sector.
Primarily impacts Vietnam equity sentiment and relative-value positioning among listed banks.
Limited direct global spillover, but can influence regional EM financials sentiment if investors track Vietnam bank earnings momentum.
Counterpoint
EPS rankings may not translate into stock outperformance if valuation (P/E) and asset-quality or credit-cost trends diverge from EPS growth.
Key entities
- bankBVBank
Reported H1 2026 EPS of VND682, up 5x YoY, with profit attributable to ordinary shareholders up 5.9x.
- bankVPBank
Reported H1 2026 EPS of VND1,838, up 68.5% YoY, with net profit attributable to ordinary shareholders about 1.7x.
- bankVietcombank
Topped absolute H1 2026 EPS at VND2,872, with profit attributable to ordinary shareholders up 36.9% YoY.
- bankEximbank
Reported H1 2026 EPS of VND279, down 55.4% YoY, with profit attributable to ordinary shareholders down 55.4%.
