Military Commercial Joint Stock Bank, VN000000MBB5

MB raised capital: VPBS set VND 25,400 target for Military Commercial Joint Stock Bank stock

Published on 10/12/2026 at 09:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half profit reached VND 20.188 trillion, up 27.10 percent. Military Commercial Joint Stock Bank stock stood at VND 19.05 versus VND 25.40.

Key points in brief

MB raised charter capital to VND 100.7 trillion by October 6, 2026.
First-half 2026 pre-tax profit rose 27.10 percent to VND 20.188 trillion.
Military Commercial Joint Stock Bank stock stood at VND 19.05 on October 12, 2026, below the VND 25,400 VPBS target.
The next earnings date listed for the bank is December 2, 2026.

Military Commercial Joint Stock Bank, VN000000MBB5, Illustration mit AI erstellt.

MB raised its charter capital to VND 100.7 trillion by October 6, 2026, while VPBank Securities set a VND 25,400 target for Military Commercial Joint Stock Bank stock. Vietnam News reported the capital milestone, and Nang Luong Sach Vietnam summarized the October 1, 2026 analyst note.

Three milestones changed the scale

On June 30, 2026, consolidated assets exceeded VND 1.733 quadrillion and outstanding loans reached VND 1.256 quadrillion, according to Vietnam.vn. On September 29, 2026, the bank had raised charter capital from VND 92.6325 trillion to VND 100.6875 trillion through a public offering, the same source reported.

On October 6, 2026, Vietnam News said MB had become the first Vietnamese bank to exceed VND 100 trillion in charter capital. The increase expands the balance-sheet buffer available for credit growth and technology investment, but it also raises the importance of asset quality as loans grow.

What does 27.10 percent profit growth mean?

For the first half of 2026, consolidated pre-tax profit rose 27.10 percent year over year to VND 20.188 trillion, while total operating income increased 16.30 percent to VND 37.865 trillion. Vietnam.vn reported that second-quarter pre-tax profit alone reached VND 10.560 trillion, up 40.70 percent year over year.

The operating mix also matters. First-half net interest income increased 32.20 percent to VND 31.807 trillion, while the consolidated cost-to-income ratio was 26.24 percent, according to the same report. VPBank Securities lowered its projected 2026 pre-tax profit growth from 19.30 percent to 15.10 percent and maintained a Buy rating with a VND 25,400 target, as reported by Nang Luong Sach Vietnam.

Next results date is December 2

TradingView lists December 2, 2026 as the next earnings date for Military Commercial Joint Stock Bank. That date will provide the next measured test of whether the 27.10 percent first-half profit growth can continue after the capital increase.

Stock price remains below the target

Military Commercial Joint Stock Bank stock stood at VND 19.05 on the HOSE on October 12, 2026. The level was VND 6.35 below the VND 25,400 target set by VPBank Securities, while the bank's first-half profit and capital base both showed double-digit expansion.