Southeast Asia Commercial Joint Stock, VN000000SSB6

SeABank cuts 2026 profit target, a reset for Southeast Asia Commercial Joint Stock stock

Published on 10/25/2026 at 02:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SeABank cut its 2026 profit plan 15 percent to VND 6,008 billion. Southeast Asia Commercial Joint Stock stock gets a new chair.

Profit plan and leadership

SeABank reduced its 2026 pretax profit target by 15 percent on October 23, 2026.
First-half 2026 pretax profit reached VND 2.625 trillion.
Tr?n Thi Thanh Thuy became chairwoman on October 22, 2026, while credit growth stayed at 17 percent.

Southeast Asia Commercial Joint Stock, VN000000SSB6, Illustration mit AI erstellt.

Southeast Asia Commercial Joint Stock (VN000000SSB6) cut its 2026 pretax profit target by 15 percent to VND 6,008 billion and changed its chairwoman effective October 22, 2026. Vietnam.vn reported the board resolution on October 23, 2026.

Why the profit target changed

The revised plan puts the bank's pretax earnings goal at VND 6,008 billion, down from the VND 7,068 billion target approved earlier in 2026. The board linked the change to lower interest rates and support for businesses and households, while deposit rates for terms of six months or longer were reduced by 0.5 to 0.7 percentage points per year, according to Investify.

Three dated steps for SSB

On June 30, 2026, SeABank had posted first-half pretax profit of VND 2.625 trillion and net interest income of VND 4.663 trillion, while total assets reached VND 427.1 trillion, as CafeF reported. On September 21, 2026, SSB joined the FTSE Global All Cap Index as one of 27 Vietnamese additions. On October 22, 2026, Tr?n Thi Thanh Thuy became chairwoman after Lê Van Tan resigned, with the profit plan reset announced alongside the leadership change.

What does the reset mean?

The bank kept its 17 percent credit growth target even as it lowered its earnings ambition. That combination points to a margin and funding challenge rather than a retreat from loan expansion. The board is also preparing Lê Van Tan for a chief executive role, subject to State Bank approval, as his predecessor's three-year term ends in November 2026.

Next corporate date

The next substantiated management milestone is November 2026, when the current chief executive's three-year term is due to end and the proposed transition is scheduled for regulatory approval.

Leadership now meets a lower earnings goal

For investors, the key comparison is the VND 1,060 billion reduction from the earlier profit plan against unchanged credit growth of 17 percent. The new chairwoman therefore takes office while SeABank balances lending support with a lower 2026 earnings target.