Vietnam Business Insights 6-11 May/2026

BANKING AND FINANCE

More than 800 listed companies report 38.2% profit growth in Q1 2026 (VnEconomy)

•  Q1 2026 earnings rose sharply by +38.2% YoY, mainly driven by the non-financial sector (+69.8%), while financials grew at a slower pace.

• Growth was led by cyclical industries (oil & gas, real estate, retail…), while banks saw weaker expansion due to NIM pressure and sluggish credit growth.

• The profit structure is shifting as banks lose dominance, with market performance and stock prices increasingly diverging across sectors.

Finance and beyond support for Vietnam's startups (VnEconomy)

• Ho Chi Minh City Venture Capital Investment Fund Joint Stock Company was launched with ~$20 million under a PPP model (40% public, 60% private) to address early-stage funding gaps and attract more venture capital into Vietnam’s startup ecosystem.

• Beyond financing, the fund aims to support startups through market access, infrastructure, and ecosystem linkages, promoting a “quadruple helix” model connecting government, academia, businesses, and communities to improve commercialization and scaling.

• With a “controlled risk-taking” mechanism and focus on high-impact sectors like AI, semiconductors, and renewable energy, the initiative is positioned as a long-term catalyst to strengthen innovation capacity and boost the digital economy’s contribution to growth.