Vietcap cuts target for Vietcombank stock to VND 76,500

Published on 10/13/2026 at 14:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Margin rose 31 basis points in the first half of 2026. Vietcombank stock stood at VND 56,700 on October 12, 2026 versus VND 56,600.

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Vietcombank, VN000000VCB4, Illustration mit AI erstellt.

Vietcap cut its target for Vietcombank to VND 76,500 in a report dated September 11, 2026, according to Banker.vn. Against the HOSE closing price of VND 56,700 on October 12, 2026, that target lies 34.92 percent above the price. Vietcombank stock stood at VND 56,700 on HOSE on October 12, 2026, versus VND 56,600.

Vietcap target remains above the price

The target revision keeps the analyst view tied to operating assumptions rather than to a fresh trading-session move. Vietcap's report cited expected credit growth of 16.20 percent a year from 2026 through 2030 and projected net interest income of VND 75,009 billion for 2026, up 27.80 percent from 2025, according to Banker.vn.

Margin reached 2.92 percent

Vietcombank's net interest margin reached 2.92 percent in the first half of 2026, an increase of 31 basis points from the same period a year earlier. The same report said medium and long-term loans grew 37 percent year over year by the end of the second quarter, a figure that helps explain why analysts are emphasizing loan mix and funding costs.

Credit quality remains a counterweight in the valuation discussion. Vietcap projected a 0.65 percent non-performing-loan ratio for 2026, compared with 0.58 percent in 2025, while also forecasting a 210 percent bad-loan coverage ratio, according to Banker.vn.

Price and valuation on October 12

The HOSE price was VND 56,700 at the October 12, 2026 close. Foreign investors held 1,664,282,330 VCB shares, equal to 19.92 percent of the bank's maximum foreign ownership capacity, according to Bnews on October 12, 2026.

Vnstock listed a price-to-earnings ratio of 11.46, a price-to-book ratio of 1.92 and market capitalization of VND 477.1 trillion on October 4, 2026, according to Vnstock. Those figures put the target distance beside a dated valuation snapshot, while the 31-basis-point margin improvement supplies the operating comparison.

Vietcombank stock and the next session

Vietcombank stock enters the next HOSE session with the VND 76,500 target, the VND 56,700 closing price and a first-half margin of 2.92 percent as the key dated reference points. The figures describe the market and operating picture without turning the analyst target into a recommendation.