VietinBank offers VND 12 trillion bonds: what it means for VietinBank stock

Published on 10/13/2026 at 10:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

VietinBank will offer 120 million six-year bonds from October 15, 2026. For VietinBank stock this means VND 12 trillion of Tier 2 capital.

VietinBank announced a VND 12.0 trillion first bond offering on October 13, 2026.
The offer covers 120.0 million unsecured, non-convertible six-year bonds for Tier 2 capital.
CTG stood at VND 29,550 on HOSE on October 13, 2026, down 16.00 percent year to date.
Six-month 2026 pretax profit reached VND 25.9 trillion, up 36.70 percent year over year.

VietinBank, VN000000CTG7, Illustration mit AI erstellt.

VietinBank will offer 120 million six-year bonds with a total value of VND 12.0 trillion from October 15, 2026, a capital move that gives VietinBank stock a concrete funding event. Vietnam.vn reported the offering on October 13, 2026.

Bond proceeds strengthen capital

The first tranche consists of 120.0 million non-convertible and unsecured bonds with a six-year maturity and a face value of VND 100,000 each. The bonds qualify for Tier 2 capital, and the interest rate combines a reference rate with a margin of 2.25 percent per year, according to Vietnam.vn.

The stated purpose is to increase working capital, support regulatory capital ratios and expand lending capacity. The subscription period runs from October 15, 2026, to November 3, 2026, making the capital calendar relevant before the next reporting cycle.

What does the offer mean for earnings?

The bond plan does not change reported earnings directly, but it supports the balance-sheet capacity behind future lending. In the first six months of 2026, VietinBank reported VND 25.9 trillion in pretax profit, up 36.70 percent from the same period of 2025, while operating profit before credit provisions reached VND 38.9 trillion, up 29.50 percent year over year, according to Stockbiz.

The same report cited a forecast of VND 10.843 trillion in third-quarter 2026 pretax profit, representing growth of 27.40 percent from the prior-year quarter. It also cited a projected 2026 pretax profit of VND 73.711 trillion, up 21.30 percent from 2025. Those figures are forecasts rather than reported results, so the bond offering is best read as a capital-strength measure alongside an earnings-growth story.

Three dated events define the setup

On December 26, 2025, VietinBank completed an issuance of nearly 2.4 million shares for a dividend payment, lifting charter capital to nearly VND 77.67 trillion, according to VietinBank. On October 6, 2026, an analyst outlook put projected 2026 pretax profit at VND 73.711 trillion, up 21.30 percent year over year. On October 13, 2026, the bank announced the VND 12.0 trillion bond offering.

Dates investors can track

The subscription window is scheduled for October 15, 2026, through November 3, 2026. The six-year maturity and the 2.25 percent margin make the bond terms a dated capital-market reference for the bank's funding profile.

CTG stood at VND 29,550 on HOSE during the October 13, 2026, morning session, while its 52-week range was VND 28,400 to VND 42,839. The stock was down 16.00 percent year to date, placing the bond plan beside a share price that remained 3.00 percent above its 52-week low.

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