State Bank of Vietnam (SBV) eases the Reserve Requirements for specific banks
In an announced advisory, commercial banks which have bailed out the failed ones will be allowed to have a lower Required Reserve Ratio, down -50% compared to on-going regulations. Recently, there were 4 forced acquisitions:
[1] Vietcombank (VCB VN) bailed out Construction Bank, then renamed it to VCBNeo
[2] Military Bank (MBB VN) bailed out Oceanbank, then renamed it to MBV
[3] HDBank (HDB VN) bailed out DongA Bank, then renamed it to Vikki
[4] VPBank (VPB VN) bailed out GPBank, but still did not change its name
MBB VN, VPB VN, and HDB VN all closed at limit up today, while VCB VN stock price increased by 4.3% in intraday trading.
HDBank (HDB VN): Major changes incoming
The bank will ballot its shareholders for: (1) headquarters relocation; (2) increasing FOL; (3) selling treasury stocks; and (4) a new issue for conversion options exercised. No detailed information has been announced yet. HDBank recorded Q2 financials with TOI of VND11.64 trillion (about USD446 million, up +40.3% YoY) and EBT of VND4.71 trillion (about USD181 million, up +13.9% YoY). HDB VN closed at its price ceiling of VND30,950 on 14th August 2025, resulting 7.6x P/E and 1.7x P/B.
Bamboo Airways (unlisted): Chairman and CEO resigned
The airline approved letters of resignation from Mr. Pham Ngoc Vinh – Chairman and Mr. Luong Hoai Nam – CEO, both of whom determined to resign due to their own personal reasons. The Board soon appointed Mr. Le Thai Sam as the new Chairman and Mr. Truong Phuong Thanh as the new CEO, effective from 13th August 2025. The airline has has suffered continuous setbacks since 2022 and faced strong headwinds trying to break the duopoly held by Vietnam Airlines (HVN VN) and VietJet Air (VJC VN).
Taseco Land (TAL VN): Planning a private placement
The company will ballot its shareholders for a potential private placement with August 19th as the Record date. Taseco Land has not yet announced any further detail related to neither the ballot nor the private placement. Regarding financials, Q2 revenue was VND557 billion (about USD21.3 million, down -11.5% YoY) and net income was VND35 billion (about USD1.34 million, bullish compared to Q2 2024). TAL VN closed at VND37,000 per share on 14th August 2025, thus 16.1x P/E and 3.3x P/B.
Investor can see the full Newsletter below:
