Vietcap cuts target for VietinBank stock to VND 48,800

Published on 10/14/2026 at 12:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Six-month profit hit VND 20,744 billion, 60.90 percent of plan. VietinBank stock stood at VND 29,550 on October 13, 2026, down 16.00 percent year to date.

Analyst target and profit outlook

On September 24, 2026, Vietcap cut its VietinBank target from VND 50,000 to VND 48,800.
Six-month net profit reached VND 20,744 billion, equal to 60.90 percent of the annual plan.
VietinBank stock was last at VND 29,550 on October 13, 2026, down 16.00 percent year to date.
Vietcap forecast 2026 pre-provision profit of VND 73,711 billion, up 21.30 percent from 2025.

VietinBank, VN000000CTG7, Illustration mit AI erstellt.

VietinBank (ISIN VN000000CTG7) has a lower analyst target but a strong first-half earnings base. According to Stockbiz on September 24, 2026, Vietcap reduced its target for VietinBank from VND 50,000 to VND 48,800. That target remains 65.14 percent above the last reported share price of VND 29,550. VietinBank stock was last at VND 29,550 on October 13, 2026, down 16.00 percent year to date.

Profit reaches 60.90 percent of plan

According to Baomoi in its report on the second quarter of 2026, VietinBank posted net profit of VND 20,744 billion in the first six months of 2026. The figure represented 60.90 percent of the bank's full-year plan, giving the target revision a stronger earnings backdrop than the share price alone suggests.

The same report said net interest income reached VND 40,116 billion in the first half of 2026, up 28.10 percent from the same period a year earlier. Operating income rose 24.50 percent to VND 51,486 billion, while second-quarter profit before tax reached VND 14,729 billion, up 21.80 percent year over year.

Forecasts point to further growth

VCCI reported on October 2, 2026, that Vietcap forecast 2026 pre-provision profit of VND 73,711 billion, up 21.30 percent from 2025. The same report cited an MBS forecast for third-quarter profit of VND 10,843 billion, representing 27.40 percent year-over-year growth.

Valuation comparisons add a second measure for investors. The VCCI report cited a price-to-book ratio of 1.27 for VietinBank, versus 1.44 for BID and 2.03 for VCB, while VietinBank's five-year average was 1.37.

HOSE listing anchors the market view

Global Banking and Finance Review identifies VietinBank as CTG.VN on the Ho Chi Minh City Stock Exchange, with ISIN VN000000CTG7 and the financials sector. The dated VND 29,550 price and 16.00 percent year-to-date decline put the analyst target in clear distance from the market's latest reported level.

For investors, the central contrast is numerical: first-half net profit reached VND 20,744 billion, while the stock remained 16.00 percent below its year-start level. The target cut therefore sits alongside improving operating figures rather than replacing them.

Price and target remain far apart

VietinBank stock was last at VND 29,550 on the Ho Chi Minh City Stock Exchange on October 13, 2026. Vietcap's VND 48,800 target, dated September 24, 2026, stood 65.14 percent above that price.