Military Commercial Joint Stock Bank, VN000000MBB5

VPBankS keeps VND 25,400 target for Military Commercial Joint Stock Bank stock

Published on 10/16/2026 at 09:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

VPBankS kept a VND 25,400 target on October 2, 2026. Military Commercial Joint Stock Bank stock posted VND 20.188 trillion pretax profit, up 27.10 percent.

Banking growth signals

VPBankS maintained a VND 25,400 target on October 2, 2026.
First-half pretax profit reached VND 20.188 trillion, up 27.10 percent.
Charter capital exceeded VND 100.7 trillion on October 6, 2026.

Military Commercial Joint Stock Bank, VN000000MBB5, Illustration mit AI erstellt.

Military Commercial Joint Stock Bank (VN000000MBB5) has a VND 25,400 share-price target from VPBank Securities, while first-half 2026 pretax profit reached VND 20.188 trillion, up 27.10 percent year over year. Bnews reported the target on October 16, 2026, citing VPBankS's October 2 view.

Capital passes VND 100 trillion

The bank completed a capital increase that lifted charter capital to nearly VND 100.7 trillion, making it the first Vietnamese bank to cross that threshold. Vietnam News reported the milestone on October 6, 2026, and said total assets exceeded VND 1.7 quadrillion as of June 30, 2026.

The larger capital base gives MB additional room for lending and technology investment. Its stated 2026 objective is total outstanding credit of VND 1.5 quadrillion, with bad debt below 1.5 percent, according to the same report.

What does profit mean for growth?

Second-quarter pretax profit was VND 10.560 trillion, up 40.70 percent from the same period a year earlier. Net interest income rose 36.50 percent, while the net interest margin recovered to 4.10 percent, an increase of 0.35 percentage points from the prior quarter, according to Bnews.

Three dated developments

On October 2, 2026, MB and OceanBase announced a memorandum of understanding for database modernization, with the project aimed at strengthening infrastructure resilience. Yahoo Finance carried the announcement. On October 6, 2026, Vietnam News reported charter capital of nearly VND 100.7 trillion. On October 16, 2026, Bnews reported that VPBankS maintained its VND 25,400 target and Buy rating.

Next dated payment event

Military Commercial Joint Stock Bank bondholders are scheduled to receive the second interest payment on October 21, 2026. VSDC lists an 8.00 percent annual payment rate for the MBB12601 bond.

Capital supports the next phase

For investors, the central question is whether stronger capital can support credit growth while asset quality remains controlled. The bank reported a 1.40 percent nonperforming-loan ratio at the end of the second quarter and a 93.60 percent bad-debt coverage ratio, according to Bnews.