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VPBank announced a $730 million international syndicated loan on November 10, jointly arranged by IFC and SMBC. Earlier IFC project documents outlined a financing plan of up to $830 million; the two figures refer to the announced transaction and the earlier plan, respectively.
In the third quarter of 2026, the median net interest margin of 28 Vietnamese banks held steady at 2.67%, but 18 banks recorded year-on-year declines. Credit growth supported net interest income, while interest expenses rose faster than interest income. A falling share of demand deposits also put pressure on funding costs.
Sacombank says the State Bank of Vietnam has resumed talks on how to handle the 32.5% stake linked to Trầm Bê. The plan still awaits regulatory approval. Sacombank’s credit growth accelerated in the third quarter of 2026, but its nonperforming loan ratio reached 5.99%, while provisioning needs and pressure on its net interest margin leave the timing of a profit recovery uncertain.
