With expectations of robust growth in both the stock market and the broader economy, bank stocks are anticipated to once again serve as the primary driving force of the market this year. Why the surge? Vietcombank (VCB) shares hit their upper limit for three consecutive sessions on January 8, 9, and 12, reaching an all‑time high of VND72,700 per share. Over just six trading days in early January (January 5–12), VCB soared more than 26%. This sharp rally stands out as one of the most remarkable developments among leading banks in early 2026, driving stock prices to unprecedented levels and propelling Vietcombank’s market capitalization to over VND607 trillion—the highest ever recorded by a Vietnamese bank. Similarly, BIDV’s BID shares recorded two consecutive limit‑up sessions on January 9 and 12, gaining nearly 27% over the six trading days mentioned, and reaching a new peak of VND49,250 per share. VietinBank’s CTG also advanced more than 16% during the same period. Private joint‑stock banks, though posting more modest gains, still delivered solid performances in those six sessions. Military Bank (MBB) rose 11.5%, Techcombank (TCB) 10.3%, TPBank (TPB) 6.45%, and Asia Commercial Bank (ACB) 6.3%, among others. SSI Research recently noted that banking was […]
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