Vietcombank plans 6.50 percent share sale: Vietcombank stock gets VND 75,000 target

Published on 10/09/2026 at 11:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

DSC set a VND 75,000 target on September 28, 2026. Vietcombank stock posted VND 29,222 billion in first-half profit.

Vietcombank plans to sell 6.50 percent of its shares by the end of 2026.
DSC set a VND 75,000 target after reporting VND 29,222 billion in pretax profit for the first half of 2026.
Vietcombank's first-half net interest margin reached 2.92 percent, up 31 basis points year over year.
The bank is listed on the Ho Chi Minh Stock Exchange under ticker VCB and was added to the FTSE All-World Index.

Vietcombank, VN000000VCB4, Illustration mit AI erstellt.

Vietcombank (ISIN VN000000VCB4) plans to sell 6.50 percent of its shares by the end of 2026, while DSC set a VND 75,000 target on September 28, 2026. The bank's pretax profit reached VND 29,222 billion in the first half of 2026, up 33.00 percent year over year, according to DSC.

Three dates define the story

On September 28, 2026, DSC reported VND 17,420 billion in pretax profit for the second quarter of 2026, an increase of 58.00 percent year over year. On October 1, 2026, Vietcombank described a VND 50,000 billion lending program for growth sectors and small and medium-sized businesses. On October 9, 2026, The News reported that Vietcombank plans the 6.50 percent share sale by year-end.

What does the share sale mean for capital?

The proposed equity sale gives Vietcombank a route to reinforce capital while credit demand expands. The News linked the sector's fundraising drive to stricter Basel III requirements by 2030 and reported that Mizuho Bank holds a 15.00 percent stake in Vietcombank. That creates a clear investor question: how quickly can fresh equity support lending without diluting returns?

Profit growth meets credit discipline

The operating data provide a second test. Vietcombank's total operating income reached VND 47,551 billion in the first half of 2026, up 35.00 percent year over year, while DSC reported a nonperforming-loan ratio of 0.61 percent and a coverage ratio of 279.00 percent in its September 28, 2026 update.

Vietcombank also said that its small and medium-sized business loan book rose 10.40 percent in the first half of 2026 and foreign direct investment customer loans increased more than 16.00 percent. Net interest margin reached 2.92 percent in the first half, up 31 basis points year over year. The combination points to expanding activity, but the planned capital raise will matter most if it preserves asset quality as lending grows.

Listing and investor context

MarketScreener identifies Vietcombank as ticker VCB on the Ho Chi Minh S.E. and records its addition to the FTSE All-World Index on September 21, 2026. Its profile describes a bank serving individual and corporate clients through deposits, loans, cards, guarantees, payments and foreign exchange services.