Vietcombank removes deputy chief: VND 77,800 target for Vietcombank stock
Published on 10/15/2026 at 11:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSExecutive change and earnings quality
- Vietcombank approved Nguyen Van Tuan's retirement effective November 1, 2026.
- First-half 2026 pretax profit reached VND 29,222 billion, up 33.50 percent year over year.
- BSC set a VND 77,800 target on September 15, 2026, while total assets reached VND 2.66 trillion at June 30, 2026.
Vietcombank approved Deputy General Director Nguyen Van Tuan's retirement effective November 1, 2026, while BSC's VND 77,800 target keeps earnings quality central to the stock story. Stockbiz reported the decision on October 14, 2026.
Leadership change takes effect November 1
Vietcombank said the retirement followed a request submitted on September 30, 2026. After the decision takes effect, the executive team will comprise the chief executive and eight deputy general directors, according to Stockbiz.
What does the profit growth mean?
The earnings backdrop is strong but deserves a closer look. Vietcombank reported VND 29,222 billion in consolidated pretax profit for the first half of 2026, up 33.50 percent from the same period of 2025. Net interest income reached VND 36,793 billion, up 32.10 percent, while non-interest income rose 47.70 percent to VND 10,759 billion, VietBao reported on October 4, 2026. However, credit-provision expense increased 91.80 percent to VND 2,996 billion, making the quality and repeatability of profit an important investor question.
Three dated Vietcombank developments
On June 9, 2026, Vietcombank began consolidating Vietcombank-Bonday-Benthanh after taking full ownership, with a VND 232 billion gain from the business combination reported in the first-half review. On September 15, 2026, BSC raised its Vietcombank target by 2.60 percent to VND 77,800 and forecast 2026 pretax profit of VND 53,072 billion, according to CafeF. On October 14, 2026, the bank approved Nguyen Van Tuan's retirement.
Next date for investors
The next substantiated personnel date is November 1, 2026, when the retirement decision becomes effective. Vietcombank's total assets stood at VND 2.66 trillion at June 30, 2026, up 9.00 percent from the start of the year, while non-performing loans rose from 0.58 percent to 0.61 percent, according to Stockbiz.
Profit mix remains the key issue
For investors, the central question is whether the first-half growth can continue after the one-off consolidation gain and amid higher provisions. The leadership transition adds a November 1 date to that earnings debate.
Vietcombank key facts
- Company: Joint Stock Commercial Bank for Foreign Trade of Vietnam
- ISIN: VN000000VCB4
- Ticker: VCB
- Primary exchange: HOSE
- Sector / Industry: Financials / Banking
- First-half 2026 pretax profit: VND 29,222 billion, up 33.50 percent year over year
- 2026 BSC target: VND 77,800, dated September 15, 2026
Market context: Latest market reports.
