MSB

The VN-Index rose over 19 points to close near 1,820, led by Vingroup stocks hitting new all-time highs, while foreign investors were net sellers of over VND 1,100 billion.

Vietcombank (VCB) cut its 24-month deposit rate by 0.5% to ~6% annually, part of a coordinated reduction by 29 commercial banks after the State Bank Governor's April 9 meeting. BIDV implemented the deepest cuts at 0.8-0.9% across terms, while joint-stock banks like VPBank and Techcombank followed with 0.3-0.5% reductions.

MSB is restructuring senior leadership with the proposed addition of Nguyễn Hương Loan to the Board of Directors and the appointment of Nguyễn Hà Thanh as Deputy CEO, alongside the resignations of two senior executives. These changes, to be ratified at the AGM on April 24, aim to strengthen governance and support the bank's strategic transformation and digitalization goals for 2025-2029.

MSB announced a senior leadership reshuffle, with Nguyễn Hương Loan proposed as a new board member and Nguyễn Hà Thanh appointed Deputy CEO, while Trần Xuân Quảng and Nguyễn Phi Hùng step down from executive roles. The changes aim to strengthen governance and operational capacity to support the bank's 2025-2029 strategic development phase.

The State Bank of Vietnam reports over 20 commercial banks, including ACB, have cut deposit rates by 0.1-0.5% p.a. following a directive meeting on April 9, 2026.

Over 20 Vietnamese commercial banks, led by major state-owned and private institutions, have simultaneously reduced deposit rates by up to 0.5% per annum, following a directive from the State Bank of Vietnam (SBV) on April 9. This coordinated move is expected to pave the way for a broader reduction in lending rates, with early movers like Agribank and Nam A Bank already cutting loan rates by 0.5-3.0% to support economic recovery.

Multiple Vietnamese banks, including LPBank (LPB) with a 30% cash dividend and VPBank (VPB) with over 31% total payout, are announcing high 2026 dividend distributions during the annual shareholder meeting season. This wave of payouts, commonly between 20-30%, reflects sustained sector profitability and a strategic balance between rewarding shareholders and retaining capital for expansion.

The Vietnamese banking sector, after experiencing its weakest period in three years, shows signs of recovery with recent stock gains and a positive 2026 growth outlook. Analysts project double-digit profit growth for the sector, which is expected to support the overall market, despite recent increases in interbank rates.

MSB (Vietnam Maritime Commercial Joint Stock Bank) has partnered with SAPO Technology JSC to launch a comprehensive digital ecosystem for Vietnamese small businesses and household enterprises. This collaboration aims to digitalize financial management and provide access to financing based on real-time business data, enhancing transparency and operational efficiency.

MSB launched the "Chuyển đổi thuế nhanh - Kinh doanh rực rỡ" campaign, offering its Shop360 solution and financial support to help business households comply with new tax regulations under Government Decree 68. The initiative includes tools for financial transparency, payment processing, free tax consulting, and credit lines up to 50 billion VND.

VMSC repeatedly failed to divest its minor stake in MSB. Meanwhile, MSB announced its 2026 business plan, targeting 13% profit growth and proposing a significant 20% stock dividend to increase charter capital, along with plans to acquire a fund management company.

Vietnamese commercial banks have proactively reduced deposit and lending interest rates following a meeting with the new SBV Governor, leading to an immediate positive reaction in the stock market with the VN-Index recovering over 13 points. This move is seen as a significant support for the market, attracting capital back into banking, oil & gas, and fertilizer sectors.

The State Bank of Vietnam held a meeting with 46 commercial banks, where they collectively committed to reducing both deposit and lending interest rates to support businesses and individuals amidst rising global pressures. This move aims to stabilize the market and stimulate economic growth.