VPBankS forecasts VND 10,226 billion profit: what it means for VietinBank stock

Published on 10/12/2026 at 10:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

VietinBank posted VND 25,900 billion pretax profit in six months. For VietinBank stock, 2026 profit is forecast at VND 42,608 billion.

Key points in brief

VPBankS forecasts VietinBank net profit of VND 10,226 billion for the third quarter of 2026, up 20.10 percent year over year.
The forecast follows first-half profit before tax of VND 25,900 billion, up 36.70 percent from the prior-year period.
Vietcap projects 2026 pre-provision profit of VND 73,711 billion, up 21.30 percent, while asset quality remains a key risk.
VietinBank trades as CTG.VN on HOSE under ISIN VN000000CTG7.

VietinBank, VN000000CTG7, Illustration mit AI erstellt.

VPBankS forecast VietinBank's net profit at VND 10,226 billion for the third quarter of 2026, up 20.10 percent from the prior-year period, in a report dated October 7, 2026. The estimate places the bank among the strongest absolute profit generators in the analyst's covered group and gives VietinBank stock a concrete earnings benchmark for the next results cycle.

What does the forecast mean?

According to CafeF on October 7, 2026, VPBankS expects full-year 2026 net profit of VND 42,608 billion, an increase of 22.20 percent from 2025. The same report says VietinBank completed 76.00 percent of its full-year provision target in the first six months, while its provision coverage ratio stood at 134.00 percent.

The forecast rests on stable core banking activity, recovering net interest margin and additional fee income from debt recovery. That combination matters because the bank's profit outlook depends not only on loan growth but also on keeping credit costs manageable.

Three forecasts raise the earnings bar

The latest estimate follows two earlier projections. VCCI reported on October 2, 2026 that MBS forecast third-quarter profit of VND 10,843 billion, up 27.40 percent year over year, while Vietcap placed the bank's 2026 pre-provision profit at VND 73,711 billion, up 21.30 percent.

On September 24, 2026, VietnamBiz reported that Vietcap expected first-half operating profit before credit provisions of VND 38,900 billion, up 29.50 percent, and first-half profit before tax of VND 25,900 billion, up 36.70 percent. Vietcap also projected a 2026 net interest margin of 2.85 percent, compared with 2.62 percent in 2025.

Credit quality remains decisive

The earnings case has a clear counterweight. Vietcap identified higher non-performing loans and a weaker-than-expected net interest margin as risks, while its 2026 forecast excludes any profit from a potential VietinBank Tower transfer.

For the first half of 2026, VietinBank reported a 1.20 percent non-performing loan ratio and a 134.00 percent coverage ratio, according to VietnamBiz. The figures show why provisioning discipline remains central to the valuation story even as analysts raise profit estimates.

VietinBank stock and its listing

VietinBank is listed as CTG.VN on the Ho Chi Minh Stock Exchange, with VND as its quotation currency and Financials as its sector, according to Global Banking and Finance. The bank's operating figures and analyst estimates therefore remain the main dated reference points for VietinBank stock in this article.

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