VPBankS raises forecast to VND 22.870 trillion for ACB stock
Published on 10/12/2026 at 09:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- VPBankS raised its 2026 pretax profit forecast for Asia Commercial Joint Stock Bank to VND 22.870 trillion on October 9, 2026.
- First-half 2026 pretax profit reached VND 10.735 trillion, up 0.40 percent year over year.
- Second-quarter pretax profit fell 11.90 percent year over year to VND 5.367 trillion.
- Six-month provisions rose 60.30 percent to VND 1.746 trillion, while non-performing loans stood at 1.03 percent at the end of the second quarter.
VPBankS raised its 2026 pretax profit forecast for Asia Commercial Joint Stock Bank to VND 22.870 trillion on October 9, 2026, from VND 22.802 trillion, according to BaoMoi. The forecast implies 17.10 percent annual growth and puts the bank at 48.10 percent of its full-year plan after the first half.
Three figures mark the latest shift
On October 6, 2026, ACB closed at VND 20,600 on the Ho Chi Minh Stock Exchange. The Vietstock trading history then showed VND 20,350 on October 8, 2026, before the price reached VND 20,150 on October 9, 2026.
The October 9 forecast was paired with first-half pretax profit of VND 10.735 trillion, up 0.40 percent from the same period a year earlier. Second-quarter pretax profit was VND 5.367 trillion, down 11.90 percent year over year, according to BaoMoi.
Provisioning changes the earnings picture
The latest risk figures explain why the headline profit trend is restrained. Six-month provisions reached VND 1.746 trillion, up 60.30 percent year over year, while second-quarter provisions reached VND 1.060 trillion, up 129.00 percent, the report said.
According to 24HMoney on October 9, 2026, ACB's non-performing loan ratio stood at 1.03 percent at the end of the second quarter, while its bad-loan coverage ratio reached 105.00 percent. Net interest income in the quarter rose 16.50 percent to VND 7.785 trillion, but non-interest profit fell 47.90 percent to VND 1.358 trillion.
What does the forecast depend on?
VPBankS kept its 2026 credit-growth forecast at 16.00 percent. By the end of the second quarter, total credit reached VND 747.530 trillion, up 8.60 percent from the start of the year, with corporate lending increasing 13.60 percent.
The company profile identifies Asia Commercial Joint Stock Bank as ACB on the Ho Chi Minh Stock Exchange under ISIN VN000000ACB8, with a financial and insurance classification, according to Global Banking & Finance Review. The combination of 16.00 percent forecast credit growth and 60.30 percent higher provisions leaves asset quality and funding costs as central earnings variables.
Asia Commercial Joint Stock Bank stock facts
- Company: Asia Commercial Joint Stock Bank
- ISIN: VN000000ACB8
- Ticker: ACB
- Primary exchange: HOSE
- Sector / Industry: Financials / Credit Intermediation and Related Activities
Market context: Latest market reports.
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