VPBank stock: VNDIRECT keeps VND 30,500 target for VPBank stock

Published on 10/16/2026 at 16:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Loans rose 40.10 percent year over year in first-half 2026. VPBank stock costs VND 24,500 on October 16, 2026, up 0.20 percent on HOSE.

Analyst target and bank metrics

VNDIRECT maintained a VND 30,500 target for VPBank on October 13, 2026.
VPBank loans rose 40.10 percent year over year in the first half of 2026.
VPBank stock stood at VND 24,500 on HOSE on October 16, 2026, up 0.20 percent on the day.
VPBank had a P/E ratio of 8.20 and a market capitalization of VND 245.0 trillion as of October 16, 2026.

VPBank, VN000000VPB6, Illustration mit AI erstellt.

VPBank (ISIN VN000000VPB6) has a VND 30,500 price target from VNDIRECT, which maintained its favorable rating in a report dated October 13, 2026. Against the HOSE price of VND 24,500 on October 16, 2026, that target stood 24.49 percent higher. VPBank stock was VND 24,500 at 3:09 p.m. ICT on October 16, 2026, up 0.20 percent on the day.

Loans rose 40.10 percent

The main operating figure behind the analyst view is credit growth. In the first half of 2026, VPBank loans increased 40.10 percent from the year-earlier period and 23.00 percent from the end of 2025, according to Nguoi Quan Sat. The same report said non-interest income increased 65.00 percent year over year in the first half.

That expansion came with a measurable risk marker. The loan-to-deposit ratio reached 84.50 percent in the first half of 2026, close to the 85.00 percent regulatory threshold, while VNDIRECT projected a 2026 net interest margin of 5.20 percent, down from 5.60 percent in 2025.

Price and valuation on October 16

VPBank's trading range on HOSE was VND 24,250.00 to VND 24,500.00 on October 16, 2026, with volume of 9,651,700 shares. Its 52-week range was VND 18,710.00 to VND 26,270.00, placing the price 6.74 percent below the high and 30.95 percent above the low. The market capitalization was VND 245.0 trillion and the P/E ratio was 8.20 as of the same date.

On October 16, 2026, proprietary trading desks bought VPB shares worth VND 218 billion on HOSE. The purchases included more than 9 million shares at an average VND 24,901, while total net buying over six sessions reached VND 1.348 trillion, according to VietnamBiz.

Profit growth supports the case

VPBank reported first-half 2026 pre-tax profit of VND 18,900 billion, up 68.00 percent year over year. Second-quarter profit reached VND 11,000 billion, the strongest core-business quarterly result described in the report. Total assets exceeded VND 1.5 quadrillion after rising 19.20 percent from the end of 2025, according to Saigon Investment Finance.

The next investor milestone is the scheduled third-quarter reporting season, while the first-half figures remain the latest fully reported operating period in this review. For investors, the balance is clear in the numbers: strong loan growth and non-interest income are set against a high loan-to-deposit ratio and a projected margin decline.

Comparison with peers

VPBank: 0.20 percent daily change, P/E 8.20, market capitalization VND 245.0 trillion
VN-Index (HOSE, VND): 0.47 percent daily change, market capitalization VND 7,100.0 trillion
Techcombank (HOSE, VND): 0.10 percent daily change, P/E 7.90, market capitalization VND 185.0 trillion

VPBank stock stays below its yearly high

VPBank stock was VND 24,500 at 3:09 p.m. ICT on October 16, 2026, 6.74 percent below its 52-week high of VND 26,270.00. The 0.20 percent daily increase was measured on HOSE against the prior close of VND 24,450.00.