VietinBank stock gets a VND 10,226 billion Q3 profit forecast

VietinBank (ISIN VN000000CTG7) was last at VND 29,800 on HOSE on October 6, 2026, after a 0.51 percent gain. The immediate earnings focus is a VPBankS forecast for Q3/2026 net profit of VND 10,226 billion, up 20.1 percent from the same quarter of 2025.

Q3 profit forecast reaches VND 10,226 billion

According to Cafebiz on October 7, 2026, VPBankS expects VietinBank's Q3 net profit to reach VND 10,226 billion. The forecast puts full-year 2026 net profit at VND 42,608 billion, up 22.2 percent year over year.

The forecast is tied to a recovering net interest margin, stable fee income and proceeds from recovered written-off loans. VPBankS also cited a 134 percent loan-loss reserve coverage ratio and said VietinBank had completed 76 percent of its full-year provisioning target in the first six months.

Six-month earnings set a high base

VietinBank's first-half 2026 net profit reached VND 20,744 billion, equal to 60.9 percent of the annual plan. Baomoi reported that six-month net interest income reached VND 40,116 billion, up 28.1 percent year over year, while profit before tax reached VND 25,868 billion, up 36.7 percent.

The operating mix matters for the forecast. Q2 net interest income rose 30.9 percent year over year to VND 20,730 billion, and service income increased 58 percent to VND 2,269 billion. Credit costs were the counterweight, rising 78.3 percent year over year to VND 5,300 billion in Q2.

Analyst target stays above the stock

Stockbiz reported on September 24, 2026, that Vietcap maintained a Buy recommendation while cutting its CTG target from VND 50,000 to VND 48,800. The new target lies 63.8 percent above the VND 29,800 HOSE close, while Vietcap raised its 2026 net interest income forecast 4.4 percent to VND 82,012 billion.

Vietcap also projected a 2.85 percent 2026 net interest margin and warned that higher funding costs and asset quality remain important variables. The bank's Q2 non-performing loan ratio rose to 1.20 percent from 1.02 percent at the end of Q1, even as its reserve coverage remained at 134 percent.

VietinBank stock holds above VND 29,000

VietinBank stock was last at VND 29,800 on HOSE on October 6, 2026, with the session change at 0.51 percent. The price context leaves earnings delivery and credit costs as the two clearest checkpoints for the Q3 outlook.

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