VPBankS forecasts 20.90 percent profit growth for VietinBank stock

Published on 10/20/2026 at 10:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter 2026 net interest income rose 30.90 percent while credit grew 5.00 percent. For VietinBank stock, first-half 2026 ROE reached 22.20 percent.

Operating forecasts and returns

VPBankS forecast VietinBank's pretax profit growth at 20.90 percent on October 19, 2026.
Vietcap set a VND 48,800 target on October 18, 2026.
VietinBank's first-half 2026 return on equity reached 22.20 percent.

VietinBank, VN000000CTG7, Illustration mit AI erstellt.

VietinBank (ISIN VN000000CTG7) drew a 20.90 percent 2026 pretax profit-growth forecast from VPBankS, while Vietcap set a VND 48,800 target. The assessments published on October 19 and October 18, 2026, respectively, put margin recovery and asset quality at the center of the investment case.

The latest analyst signals

According to Bnews on October 19, 2026, VPBankS expects VietinBank's pretax profit to increase 20.90 percent in 2026. The broker also linked the outlook to a 0.19 percentage-point increase in net interest margin and 22.00 percent growth in net interest income.

Nguoi Quan Sat reported on October 18, 2026, that Vietcap maintained a buy recommendation and a VND 48,800 target. Vietcap projected 2026 net interest income above VND 82,000 billion and parent-attributable profit near VND 41,600 billion, up 20.20 percent.

What does the margin forecast mean

The operating evidence points to improving earnings quality rather than credit expansion alone. In the second quarter of 2026, net interest income increased 30.90 percent while credit grew 5.00 percent from the start of the year, according to Bnews. Return on equity reached 22.20 percent in the first half of 2026, while nonperforming loans stood at 1.10 to 1.20 percent.

Three dates shape the case

On October 2, 2026, VCCI reported MBS's forecast of VND 10,843 billion in third-quarter pretax profit, up 27.40 percent year over year, and a 2.70 percent net interest margin. On October 18, 2026, Vietcap maintained its VND 48,800 target. On October 19, 2026, VPBankS projected 20.90 percent full-year pretax profit growth.

Operating evidence matters

VietinBank's reported first-half 2026 return on equity of 22.20 percent gives the forecasts a concrete operating benchmark. The main counterweights are weaker-than-expected margin recovery and higher nonperforming loans, risks identified in the analyst coverage.

Listing and investor context

VietinBank is listed on the Ho Chi Minh Stock Exchange under CTG.VN, in the financials sector, according to Global Banking and Finance Review. The combination of 30.90 percent second-quarter net interest income growth and a 22.20 percent first-half return on equity explains why analysts are emphasizing profitability rather than loan growth alone.