Bank stocks: Half increase strongly, half 'cool'

The Vietnamese stock market has increased sharply in the past two trading weeks. Notably, the performance of the 'king' stocks group has been remarkable, with nearly half of the stocks setting record prices.

VN-Index continuously breaks new peaks - Photo: QUANG DINH

After more than 3 years, the Vietnamese stock market has returned to set new all-time highs in just the past 2 trading weeks. Besides the influence of Vingroup and Gelex , the role of banking stocks is indispensable.

12/27 bank stocks have hit new peaks,SHB increased very strongly

Statistics from Tuoi Tre Online show that 12/27 bank codes, equivalent to about 44%, have set new historical peaks by the end of the trading session on August 6.

MBB leads in the number of times it sets a record closing price in the list of 12 codes.

There have even been cases where prices have increased more than twice, showing that banking stocks, which are considered "oversized", can still generate impressive returns when the market has strong cash flow.

Most notably, SHB grew 110.7% to VND18,750/share, leading the performance of the entire banking industry. At the same time, SHB also entered the group of industry price records.

Besides SHB, 11 other bank codes such as MBB, STB, CTG, TCB, LPB,ACB , VPB, NAB, HDB, VCB, EIB have also recorded record prices in 2025. Most of these are achieving growth of more than 40%.

Meanwhile, the other half of the banking group is still "incubating", although it also recorded significant increases. These are the cases of KLB (+96.7%), NVB (+86.5%), VAB (+81.4%), ABB (+73.8%) which are only behind SHB in terms of price performance but are still quite far from the peak of the era.

Many names in the banking industry such as OCB, MSB, VIB, SSB, BAB... have not yet returned to their highest historical price range.

Be careful "catching the top"

Mr. Nguyen The Minh - Director of Analysis for Individual Clients at Yuanta Vietnam Securities, said that credit growth is showing signs of accelerating in the second half of the year.

The State Bank has proactively expanded credit room for organizations with good asset quality and complying with capital safety regulations. Some banks have been granted new limits higher than expected, creating conditions for expanding lending during the peak season at the end of the year, expanding EPS growth prospects for the whole year of 2025.

Second, the real estate market is gradually entering a recovery cycle, with a series of legal and credit support policies being issued.

This is an indirect factor that positively impacts the banking system - which holds a large amount of collateral and outstanding debt related to this sector.

The low interest rate level, combined with the expanded credit channel, helps banks have more motivation to grow credit safely and under control.

In particular, the implementation of Basel III creates pressure to increase capital - and at the same time opens a "new story" for bank stocks. As capital safety requirements become more stringent, many banks are forced to implement plans to increase charter capital through stock dividends, private offerings or issuance to strategic shareholders.

Information related to capital increases often attracts the attention of speculative and medium-term money flows.

However, experts also warn that when stocks surpass historical peaks, it often reflects high market expectations. However, the valuation at this time may be "ahead" of the actual profit base, leaving little room for short-term price increases. Buying at high prices carries the risk of "catching the peak".

In addition, the fear of missing out (FOMO) often causes investors to act rashly, especially when witnessing strong increases in bank stocks and high liquidity. However, successful investing requires more reason than emotion. Following prices without a clear strategy can lead to losses if the market suddenly corrects.

Closely monitor volatile stocks

Faced with the strong increase of the stock market in the current period, the Securities Commission has just issued a directive to the stock exchanges, the Vietnam Securities Depository and Clearing Corporation (VSDC) and securities companies.

Accordingly, the Securities Commission recommends strengthening close monitoring of stock transactions with strong increases/decreases compared to the general developments of the market and the industry.

At the same time, review information on mass media, rumors related to stock codes, groups, and forums that show signs of association, calling on, and enticing investors to buy and sell stocks.

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Source: https://tuoitre.vn/co-phieu-ngan-hang-nua-tang-manh-nua-u-song-20250807072425157.htm