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Overall, banks maintain a positive outlook on business prospects, though caution has increased amid global uncertainties, particularly the risk of energy supply disruptions in the Strait of Hormuz. PBT growth targets show clear divergence: HDB (41%), OCB (39%), VPB (35%) lead with ambitious growth targets, while some conservative banks (STB 6%, LPB 5%, EIB 0.2%)

Credit Outlook: STABLE – LEANING POSITIVE S&I Ratings assesses the credit outlook for Vietnam’s brokerage sector in 2026 at Stable, while observing a gradual shift toward a Positive bias if securities companies effectively control risks. The brokerage sector enters 2026 with a strongly reinforced capital base accumulated during 2023–2025, landmark regulatory reforms, and the FTSE

Vietnam’s Economy in 2025: Growth Momentum Shaping a New Phase Key macroeconomic highlights of Vietnam in 2025: Vietnam concluded 2025 with an impressive GDP growth rate of 8.02% YoY, successfully meeting the National Assembly’s ambitious growth target. This marked the highest level of economic expansion in the past 15 years, excluding the exceptional post-pandemic rebound