Vietnam banking industry’s valuation higher than regional peers

A VietinBank office in Hanoi. The valuation ratio of the Vietnamese banking industry will become more attractive as banks continually increase charter capital. - VNA/VNS

HANOI (Vietnam News/Asia News Network): The valuation of the Vietnamese banking industry is relatively high compared to other regional countries, according to Military Bank Securities Company (MBS).

News portal cafef.vn quoted a report on the banking industry released recently by MBS, showing that the price to earnings ratio (P/E) of the Vietnamese banking industry by the end of last month was 13.02, significantly higher than other regional countries, such as Indonesia (11.9), Singapore (11.8), Thailand (9.3), China (4.7) and South Korea (3.9).