Vietnam National Petroleum stock: Vietcap raises target to VND 43,200

Vietnam National Petroleum (ISIN VN000000PLX1) became the subject of a higher analyst valuation on October 6, 2026, when Vietcap raised its target to VND 43,200 and maintained its Buy rating. The target is 23.08 percent above the VND 35,100 closing price cited for October 20, 2026.

Vietnam National Petroleum stock last traded at VND 35,100 on October 20, 2026, down 0.14 percent on the Ho Chi Minh Stock Exchange, according to Investing.com.

Second-quarter earnings set the base

The latest reported quarter supplied the operating counterweight to the valuation debate. Revenue reached VND 136.22 trillion in the second quarter of 2026, up 78.00 percent from the second quarter of 2025, while net income reached VND 2.81 trillion, up 106.00 percent, according to Simply Wall St. The revenue increase was larger than the earnings increase in absolute terms, leaving the reported profit margin at 2.10 percent.

Price position and valuation

The stock's reported 52-week range was VND 31,900 to VND 70,400, placing the October 20 price 10.03 percent above the low and 50.14 percent below the high. The same source listed a market capitalization of VND 47.50 trillion and a price-to-earnings ratio of 19.00 as updated in October 2026.

Vietcap's valuation rests on a 2026 core net profit forecast up 29.00 percent year over year. Its research also cited a projected 2027 price-to-earnings ratio of 10.40, compared with the company's five-year median of 19.90, while naming volatile oil prices and competition from Vin Oil and Gas Global as downside risks.

Listing and business profile

Global Banking and Finance Review identifies Vietnam National Petroleum Group as PLX.VN on HOSE, with VND as its trading currency. The company imports, exports and trades petroleum products in Vietnam and internationally, alongside logistics, liquefied petroleum gas, lubricants, asphalt and chemicals.

What the target implies

At VND 35,100, the Vietcap target leaves a 23.08 percent gap to its stated price objective. That gap sits beside a sharp second-quarter earnings increase and a much wider 52-week trading spread, giving investors three different measures of the stock's current position.

Current market position

Vietnam National Petroleum stock last traded at VND 35,100 on October 20, 2026 on HOSE, down 0.14 percent on the day. The reported 52-week range was VND 31,900 to VND 70,400.