Bank Stock of the Year: Who Boasts Impressive Price Growth, Massive Liquidity, High Dividends, and Investor Favoritism?

As of the early morning of December 11, 2025, the race in the “Bank Stock of the Year” category is heating up, with reader engagement surging. Leading the pack is TCB, boasting over 900,000 votes, significantly outpacing its competitors. SHB holds the second spot with more than 500,000 votes. Following closely, VPB has garnered over 61,000 votes, MBB over 11,000, LPB more than 5,300, and STB over 5,100.

Over the past year, TCB, SHB, VPB, MBB, STB, and LPB have been standout performers in the stock market, with impressive price increases and robust liquidity. Additionally, several banks have implemented attractive dividend policies and achieved positive business results, earning high praise from investors.

SHB (Stock Code: SHB)

In the first 11 months of 2025, SHB recorded a remarkable 113% price increase, the highest among listed bank stocks. From its January low to its September peak, the stock surged by 150%.

SHB also led in trading volume, with over 15 billion shares traded, valued at nearly 240 trillion VND.

Continuing its tradition, SHB maintained a consistent dividend policy. In February 2025, the bank completed a stock dividend distribution at an 11% ratio, as approved by the 2024 Annual General Meeting. The 2025 AGM also approved a 5% cash dividend and a 13% stock dividend. Compared to the previous year, this year’s dividend plan was accelerated, completed by June and August.

As a result, SHB’s chartered capital increased from 40.6 trillion VND to nearly 46 trillion VND. Looking ahead, the bank plans to further raise its chartered capital to over 53 trillion VND by issuing 200 million private placement shares to domestic and international institutional investors, 459.4 million shares to existing shareholders, and 90.6 million ESOP shares.

SHB’s business performance has been robust, with pre-tax profits for the first nine months reaching 12,235 billion VND, a 36% year-on-year increase, achieving 85% of the annual target. As of September 30, 2025, SHB’s total assets stood at 852,695 billion VND, up 14.1% from the end of 2024, surpassing the 2025 target and setting the stage for a 1 million billion VND asset milestone by 2026.

Techcombank (Stock Code: TCB)

TCB’s stock price rose by 41% in the first 11 months of 2025. The stock experienced a strong rally from April to October, followed by a correction. From its January low to its October peak, TCB gained 81%.

Over 4 billion TCB shares were traded in the first 11 months, with a transaction value of approximately 140 trillion VND, ranking it among the top five banks in liquidity.

Following a 15% cash dividend and a 100% stock dividend in 2024, Techcombank distributed a 10% cash dividend in 2025.

In terms of business performance, Techcombank led private banks in pre-tax profits for the first nine months of 2025, with 23,400 billion VND, a 2.4% year-on-year increase. The bank’s equity reached 179 trillion VND, the highest among private banks and second only to Vietcombank. Techcombank’s chartered capital exceeded 70.6 trillion VND.

As of September 30, 2025, Techcombank’s total assets surpassed 1.13 million billion VND. The bank maintained a strong CASA ratio of 42.5%, among the highest in the industry. Additionally, TCB upheld robust asset quality, with a non-performing loan (NPL) ratio of 1.23% and an NPL coverage ratio (LLC) of 119.1%, marking eight consecutive quarters above 100%.

VPBank (Stock Code: VPB)

VPB’s stock price climbed 56% in the first 11 months of 2025. The stock saw a vertical rise from May to August, doubling in value to peak at 38,650 VND per share.

Over 6.5 billion VPB shares were traded in the first 11 months, with a transaction value exceeding 160 trillion VND, making it the second most liquid bank stock. VPB’s market capitalization surpassed 230 trillion VND, equivalent to approximately 8.5 billion USD.

In 2025, VPBank executed a 5% cash dividend distribution, totaling nearly 4 trillion VND.

In business operations, VPBank, alongside Techcombank, became one of the first two private banks to reach a 1 million billion VND asset milestone. By the end of the first nine months of 2025, VPBank’s consolidated assets exceeded the target set at the Annual General Meeting, reaching 1.18 million billion VND, a 27.5% year-on-year increase; standalone assets surpassed 1.1 million billion VND.

VPBank’s consolidated pre-tax profit for the first nine months reached 20,396 billion VND, 47.1% higher than the same period last year.

MB (Stock Code: MBB)

MBB’s stock price increased by 42% in the first 11 months of 2025, with trading liquidity reaching approximately 150 trillion VND.

MBB stood out with one of the highest dividend payout ratios in 2025. Early in the year, MBB distributed a 15% stock dividend for 2023 profits. By mid-year, the bank paid a total dividend of 35% for 2024 profits, including 3% in cash (300 VND per share) and 32% in stock.

In business performance, MB’s consolidated pre-tax profit for the first nine months reached 23,139 billion VND, an 11.6% year-on-year increase. As of September 30, 2025, MB’s total assets exceeded 1.3 million billion VND, up 17.7% from the beginning of the year. With two stock dividend distributions, MB’s chartered capital surged from 52.1 trillion VND to over 80.5 trillion VND, becoming the second-highest in Vietnam’s banking system.

Sacombank (Stock Code: STB)

STB, Sacombank’s stock, was among the most liquid and highest-performing bank stocks in 2025.

In the first 11 months, STB’s price rose by 32%. Like many other bank stocks, STB experienced a strong rally from April to October, gaining nearly 70%. Since late October, the stock has corrected, currently trading around 48,000 VND per share.

Sacombank was one of the few large banks that did not pay dividends in 2025 due to its ongoing restructuring efforts. However, 2025 marked the first year in nine that Sacombank proposed a dividend plan at its Annual General Meeting. The bank’s leadership noted that the divestment of the 32.5% stake held by the Tram Be group was the final hurdle in its restructuring. Once completed, Sacombank will have the financial capacity to increase capital and distribute profits to shareholders.

In business operations and NPL management, Sacombank continued to show positive results. In the first nine months, Sacombank’s pre-tax profit reached 10,988 billion VND, a 36% year-on-year increase, achieving 75% of the annual target. As of the end of Q3, the bank’s total assets grew by 13% year-on-year to over 848 trillion VND.

LPBank (Stock Code: LPB)

LPB’s stock price rose by 56% in the first 11 months of 2025, making it one of the top five performing listed stocks.

LPBank impressed investors with a 25% cash dividend payout in 2025, the highest cash dividend ratio in the banking sector that year. LPBank did not issue any stock dividends.

Recently, LPBank announced plans to increase its foreign ownership limit from 5% to 30% at an extraordinary shareholders’ meeting in 2025. This move is expected to enhance LPB’s attractiveness and pave the way for strategic foreign investment.

According to the latest financial report, LPBank’s pre-tax profit for the first nine months of 2025 reached 9,612 billion VND, a 9% year-on-year increase. As of September 30, 2025, LPBank’s total assets stood at 539,149 billion VND, up 18.3% year-on-year and over 6% from the beginning of the year.