Sai Gon - Hanoi Commercial Joint Stock stock tracks 51 percent profit plan

Sai Gon - Hanoi Commercial Joint Stock (ISIN VN000000SHB9) was trading at VND 10.90 thousand on HOSE on October 6, 2026, down 1.36 percent at 11:13 a.m. ICT. The bank's six-month pretax profit reached VND 9,092 billion, or 51 percent of its full-year target, making earnings delivery the central measure for Sai Gon - Hanoi Commercial Joint Stock stock.

Profit reaches 51 percent of plan

According to Vietnam Market Insights on September 30, 2026, SHB reported VND 9,092 billion in pretax profit for the first six months of 2026. The figure represented 51 percent of the annual profit target, giving the bank a measurable earnings cushion before the second half.

The quarterly comparison is more restrained. 24HMoney lists Q2 2026 pretax profit at VND 4,487.2 billion, compared with VND 4,575.8 billion in Q2 2025, a decline of 1.9 percent. After-tax profit stood at VND 3,602.6 billion in Q2 2026 versus VND 3,646.9 billion a year earlier.

Services offset weaker lending income

The earnings mix is changing. Nguoi Quan Sat reported on September 24, 2026, that six-month net interest income fell 17 percent year over year, while net service income reached VND 3,825 billion, 3.8 times the prior-year level. That contrast matters because fee income, rather than loan growth alone, is carrying more of the reported expansion.

The same report said total assets reached VND 962,600 billion on June 30, 2026, up 7.9 percent from the end of 2025. Customer loans were VND 659,611 billion, up 7.3 percent, while customer deposits rose 9.1 percent to more than VND 624,300 billion.

International bonds add a funding angle

SHB also approved documentation for a 2026 international bond offering denominated in Singapore dollars. Nguoi Quan Sat reported that the filing was submitted to Vietnam's State Securities Commission on September 24, 2026. The report did not disclose the planned issue size, tenor or coupon, so the funding effect cannot yet be measured through those terms.

For investors, the combination of 51 percent target completion and weaker Q2 profit points to execution rather than headline growth as the next test. Fee income provides support, while the 17 percent decline in net interest income keeps pressure on the earnings mix.

Stock trades at VND 10.90 thousand

SHB traded at VND 10.90 thousand on HOSE on October 6, 2026, with a daily change of minus 1.36 percent and volume of 21,658,400 shares. Its market capitalization was VND 58.2 trillion on the same date.

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