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TCBS Chairman Nguyễn Xuân Minh says the company turns down bond issuance advisory mandates when it cannot adequately assess a firm's finances and cash flows. TCBS held a 37% share of the non-bank corporate bond issuance advisory market in 2025. Research on overdue bond payments also highlights cash flow and liquidity risks.
Sea’s digital financial services business Monee reported $1.4 billion in revenue for the second quarter of 2026, up 59% year over year, as outstanding loan principal reached $11 billion. Sea is reportedly considering an IPO for the business. Monee is expanding beyond Shopee, while credit provisions and the costs of operating independently remain key questions for investors.
At the November 6, 2026 close, the price-to-book ratios of 28 Vietnamese bank stocks ranged from 0.59 to 2.28, with 10 trading below book value. Some banks with ROE above 20% still had relatively low valuations; profit sources, provisions and nonperforming loan indicators varied.
