Military Commercial Joint Stock Bank, VN000000MBB5

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

Published on 10/13/2026 at 09:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half pretax profit rose 27.10 percent to VND 20.188 trillion. 29.90 percent credit growth forecast covers Military Commercial Joint Stock Bank stock.

Key points in brief

VPBankS set a VND 25,400 target for Military Commercial Joint Stock Bank stock on September 30, 2026.
First-half 2026 pretax profit rose 27.10 percent to VND 20.188 trillion.
The bank lifted charter capital above VND 100.7 trillion after two 2026 share issues.
VPBankS forecast 29.90 percent credit growth for 2026, alongside a 15.10 percent pretax profit forecast.

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

Military Commercial Joint Stock Bank (ISIN VN000000MBB5) had lifted charter capital above VND 100.7 trillion by October 6, 2026, while 24HMoney reported that VPBankS had set a VND 25,400 target for the stock on September 30, 2026. The report also forecast 29.90 percent credit growth and 15.10 percent pretax profit growth for 2026.

Capital milestones in 2026

The bank's capital chronology shows three quantified steps. In August 2026, it issued nearly 1.21 billion shares as a 15.00 percent dividend, according to Fili. On September 23, 2026, it completed an offering of 805.5 million shares at VND 10,000 each; by October 6, 2026, charter capital stood above VND 100.7 trillion.

What does the capital raise change?

Vietnam News reported on October 6, 2026, that Military Commercial Joint Stock Bank became the first Vietnamese bank to exceed VND 100 trillion in charter capital. The same report said first-half 2026 pretax profit reached VND 20.188 trillion, up 27.10 percent year over year.

The operating figures put the capital expansion beside a stronger earnings base. First-half operating income reached VND 37.865 trillion, up 16.30 percent from the same period, while net interest income rose 32.20 percent to VND 31.807 trillion, according to Dai Bieu Nhan Dan.

Target meets a measured forecast

VPBankS's September 30, 2026 report paired the VND 25,400 target with a 21.00 percent return on equity forecast and a 1.45 percent projected nonperforming-loan ratio. It also lowered its 2026 pretax profit growth forecast from 19.30 percent to 15.10 percent, making the target dependent on execution rather than a single growth assumption.

Investor reference points

Military Commercial Joint Stock Bank is listed on HOSE under ticker MBB.VN and operates in Vietnam's financial sector. Its first-half profit growth of 27.10 percent exceeded the 15.10 percent full-year growth forecast cited by VPBankS, while the 29.90 percent credit growth forecast points to expansion as the central operating variable.