MINISTRY OF EDUCATION AND TRAINING THE STATE BANK OF VIET NAM HO CHI MINH UNIVERSITY OF BANKING HO NGUYEN NGOC HUYEN THE EFFECT OF LIQUIDITY CREATION ON BANK PERFORMANCE: EMPIRICAL EVIDENCE FROM VIETNAMESE COMMERCIAL BANKS MASTER THESIS Major: Banking and Finance Major Code: 8340201 Ho Chi Minh City - 2026 MINISTRY OF EDUCATION AND TRAINING THE STATE BANK OF VIET NAM HO CHI MINH UNIVERSITY OF BANKING HO NGUYEN NGOC HUYEN THE EFFECT OF LIQUIDITY CREATION ON BANK PERFORMANCE: EMPIRICAL EVIDENCE FROM VIETNAMESE COMMERCIAL BANKS MASTER THESIS Major: Banking and Finance Major Code: 8340201 SUPERVISOR: PHD. NGUYEN THI NHU QUYNH Ho Chi Minh City - 2026 i DECLARATION I hereby solemnly declare that the Master’s thesis entitled “The Impact of Liquidity Creation on Bank Performance: Empirical Evidence from Vietnamese Commercial Banks” is an independent scientific research project conducted solely by myself. The study was carried out under the dedicated supervision of PhD. Nguyen Thi Nhu Quynh. This thesis represents the culmination of my academic learning and knowledge accumulation during my graduate studies at the Ho Chi Minh Unversity of Banking. All data, empirical results, analyses, and interpretations presented in this thesis are truthful, objective, and original, and have not been published or submitted in any other academic or research work. All references and data sources used in this study have been properly cited and acknowledged in accordance with academic citation standards and research ethics. Ho Chi Minh City, March 03, 2026 Author ii ACKNOWLEDGEMENTS First and foremost, I would like to express my sincere and profound gratitude to all the distinguished lecturers and academic staff of the Ho Chi Minh University of Banking. I am especially indebted to the professors and instructors of the Faculty of Graduate Studies and the Finance - Banking Department, whose dedication, expertise, and guidance have greatly enriched my academic journey. Their commit