Income diversification and profitability of Vietnamese commercial banks

The paper aims to investigate the impact of income diversification on commercial banks’ profitability in Vietnam. Using a panel data set 33 Vietnamese banks during period from 2006 2020, empirical analysis shows more diverse revenue sources, higher financial performance. research provides some recommendations that should look forward diversifying their income, particularly non-traditional activities, order improve competitiveness, reduce risk, and raise policies encourage diversify incomes be enacted. This will not only beneficial for but also helps mitigate risk banking industry maintain its stability. main results are robust different measure performance controlling economic crisis.