VPBank stock gained 0.87 percent as SSI raised its 2026 forecast

Published on 10/07/2026 at 09:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

VPBank stock gained 0.87 percent on October 6, 2026, while SSI raised its 2026 profit forecast to VND 38,800 billion. First-half profit rose 68 percent.

VPBank, VN000000VPB6, Illustration mit AI erstellt.

VPBank stock (ISIN VN000000VPB6) gained 0.87 percent to VND 23,200 at the October 6, 2026 close on HOSE. The move followed Mekong ASEAN reporting on October 6 that SSI Research raised its 2026 consolidated pretax profit forecast from VND 37,200 billion to VND 38,800 billion.

Profit forecast moves higher

The revised forecast represents 27 percent growth from the previous year, according to Mekong ASEAN. SSI attributed the change mainly to stronger expectations for VPBank subsidiaries, including VPBankS, while the slower recovery of FE Credit remained a counter-factor.

VPBank recorded VND 11,000 billion in consolidated pretax profit in Q2/2026, up 76 percent from the same quarter a year earlier. First-half pretax profit reached VND 18,900 billion, an increase of 68 percent year over year, with credit growth of 40.6 percent and non-interest income growth of 91 percent, according to Mekong ASEAN.

Analysts see further upside

Investing.com lists 11 analysts covering VPBank, with 9 Buy ratings, 2 Hold ratings and 0 Sell ratings. The average 12-month price target is VND 26,170.1, with a high estimate of VND 30,148.91023 and a low estimate of VND 22,214.98648.

The near-term earnings debate centers on whether subsidiary growth can offset pressure on margins and asset quality. VPBank's net interest margin declined from 5.31 percent in Q1/2026 to 5.18 percent in Q2/2026, while its cost-to-income ratio stood at 19.7 percent in the first half, according to Mekong ASEAN.

VPBank stock remains below yearly high

VPBank stock was last quoted at VND 23,200 on HOSE on October 6, 2026. The 52-week range was VND 18,631.1 to VND 27,011.3, while market capitalization stood at VND 229.5 trillion, according to the dated market figures published by Investing.com. The combination of rapid first-half profit growth and a higher full-year forecast gives the stock a clear earnings benchmark for the Q3 reporting cycle.