VPBank SC recommends VietinBank stock as margin outlook improves

Published on 10/19/2026 at 10:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

VPBank SC projects 2026 pretax profit growth of 20.90 percent. VietinBank stock is tied to 30.90 percent second-quarter net interest income growth.

Profit outlook and capital plan

VPBank SC projected 20.90 percent growth in VietinBank's 2026 pretax profit on October 18, 2026.
VietinBank plans a VND 16,000 billion bond offering in two phases during the fourth quarter of 2026.
TradingView lists October 28, 2026 as VietinBank's next reporting date.
VietinBank distributed 2.23 million Hai Phong Port shares to domestic investors in October 2026.

VietinBank, VN000000CTG7, Illustration mit AI erstellt.

VietinBank stock (ISIN VN000000CTG7) is drawing attention after VPBank Securities projected 20.90 percent growth in the bank's 2026 pretax profit. The assessment, published on October 18, 2026, linked the outlook to a recovering net interest margin and stronger lending yields, according to Vietbao.

Net interest income leads the case

VietinBank's net interest income increased 30.90 percent in the second quarter of 2026, while credit growth reached 5.00 percent in the first half of 2026. VPBank Securities projected a 0.19 percentage-point improvement in the 2026 net interest margin and 22.00 percent growth in net interest income, figures that shift the focus from loan volume to asset yields.

The same assessment said VietinBank had completed 76.50 percent of its full-year provisioning plan in the first half of 2026. It projected second-half provision expense 40.00 percent below the first-half level and said debt recovery had reached 44.00 percent of the bank's VND 10,000 billion annual target, according to Vietbao.

What does the capital plan mean?

VietinBank plans to offer VND 16,000 billion of six-year bonds in two phases. The first tranche totals VND 12,000 billion, with subscriptions scheduled from October 15, 2026, through November 3, 2026; VND 8,000 billion is earmarked for public-private partnership projects and VND 4,000 billion for real estate lending, according to Vietnam.vn.

Three dates and three developments

On October 2, 2026, VietinBank reported distributing 2.23 million Hai Phong Port shares to 15 domestic investors, according to Stockbiz. On October 13, 2026, the first VND 12,000 billion bond tranche was presented for public offering, according to Investing.com. The October 18, 2026 analyst view placed projected full-year pretax profit growth at 20.90 percent.

Dates investors can track

TradingView lists October 28, 2026 as VietinBank's next reporting date. The first bond subscription period runs through November 3, 2026, giving the capital plan a defined near-term timetable, according to TradingView.

Capital and earnings set the frame

VietinBank combines a 2026 earnings outlook with a VND 16,000 billion capital plan, leaving margin recovery, provisioning and bond execution as the main measurable themes for the next reporting cycle.