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Vietnamese banks are moving toward record asset levels, supported by continued growth across the system as of Q1 2026. Several lenders are nearing key thresholds, while a smaller group reported declines.
VietinBank is approaching the 3 quadrillion-dong asset mark. In Q1 2026, its total assets were about 2.924 quadrillion dong, up roughly 156 trillion dong in the quarter, equivalent to a 5.6% increase. If the pace continues, VietinBank could reach 3 quadrillion dong in Q2 2026.
Vietcombank reported assets rising to over 2.55 quadrillion dong, an increase of 109 trillion dong and 4.5% versus end-2025.
MB ended Q1 2026 with assets above 1.611 quadrillion dong, but this represented a slight decrease of about 4.5 trillion dong (down 0.3%).
Among private banks, VPBank posted the strongest growth, with assets increasing by nearly 112 trillion dong (+8.9%) to more than 1.372 quadrillion dong. Techcombank’s assets fell slightly (-0.2% vs end-2025) to 1.19 quadrillion dong, widening the gap with VPBank.
HDBank exceeded 984 trillion dong in assets, up about 53 trillion dong (+5.7%). SHB approached the 1 quadrillion dong milestone with assets of over 930 trillion dong, up 39 trillion dong (+4.4%) by end of Q1 2026.
Over the past two years, SHB’s assets have grown by more than 309 trillion dong (nearly 50%), indicating it could reach the 1 quadrillion dong milestone in the latter half of 2026.
The number of banks with assets above 1 quadrillion dong continued to rise. At the start of 2025, five banks—BIDV, VietinBank, Vietcombank, MB and Agribank—were above the threshold. By Q1 2026, ACB, VPBank and Techcombank had joined, bringing the total to eight banks, with HDBank and SHB nearing the milestone.
Several banks expanded in Q1 2026, including: TPBank (+4.2% to over 527 trillion dong), VIB (+1.4% to over 564 trillion dong), SeABank (+1.7% to over 403 trillion dong) and OCB (+6.5% to over 344 trillion dong).
In contrast, some banks recorded declines: Sacombank fell by over 57.5 trillion dong (-6.3%), LPBank decreased by nearly 25 trillion dong (-4.1%), and Nam A Bank declined by about 9.1 trillion dong (-2.2%).
Overall, the banking system’s assets expanded by roughly 533 trillion dong in Q1 2026, a rise of about 2.5%. Over the past two years, the aggregate assets of the 27 banks increased by nearly 7 quadrillion dong (about 47%).
The expansion was attributed to robust lending growth, bond investments, and broader asset growth across the system.
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