VPBank completes share issue as SSI sets VND 26,500 target for VPBank stock

Published on 10/12/2026 at 10:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half pre-tax profit reached VND 18,900 billion, up 68.00 percent year on year. VPBank stock now reflects 10.00 billion shares.

Key points in brief

VPBank completed a 2.066 billion share dividend issue, lifting its outstanding shares to 10.00 billion.
First-half 2026 pre-tax profit reached VND 18,900 billion, up 68.00 percent year on year.
The bank raised registered capital from VND 79,339 billion to VND 100,000 billion.
The next earnings date listed for VPBank is October 21, 2026.

VPBank, VN000000VPB6, Illustration mit AI erstellt.

VPBank (VN000000VPB6) completed a 2.066 billion share dividend issue, lifting its outstanding shares to 10.00 billion. On October 6, 2026, Mekong ASEAN reported that SSI Research set a VND 26,500 target after raising its 2026 pre-tax profit forecast from VND 37,200 billion to VND 38,800 billion.

Three dates shaped the capital story

On June 30, 2026, VPBank signed a USD 1.44 billion sustainability-linked syndicated loan with SMBC as coordinator, according to Mekong ASEAN.

On October 6, 2026, SSI Research raised its 2026 consolidated pre-tax profit forecast to VND 38,800 billion from VND 37,200 billion, a 27.00 percent year-on-year increase, as reported by Nguoi Quansat.

On October 9, 2026, VPBank completed the distribution of 2.066 billion shares to 86,299 shareholders, raising the total share count to 10.00 billion, according to CafeLand.

What does the issue mean for capital?

The issue increased registered capital from VND 79,339 billion to VND 100,000 billion, while the distribution ratio reached 26.04 percent. The capital increase gives VPBank a larger balance-sheet base for its next expansion phase, but the share count also changes the denominator for per-share measures.

The operating backdrop remains strong. In the first half of 2026, consolidated pre-tax profit reached VND 18,900 billion, up 68.00 percent year on year, while second-quarter pre-tax profit reached VND 11,000 billion, up 76.00 percent year on year, according to Mekong ASEAN. Net interest margin declined from 5.31 percent in the first quarter to 5.18 percent in the second quarter, making funding costs a key counterweight to profit growth.

Next earnings date is October 21

Investing.com lists October 21, 2026 as VPBank's next earnings date. The timing puts the third-quarter report after the completed share issue and should give investors a first view of whether rapid balance-sheet growth is translating into sustainable margins.

Capital base reaches VND 100 trillion

VPBank's latest capital action combines a 26.04 percent stock dividend with a planned second stage involving more than 624 million shares for a foreign investor, according to CafeLand. For VPBank stock, the immediate analytical balance is clear: first-half profit growth of 68.00 percent contrasts with the second-quarter margin decline from 5.31 percent to 5.18 percent.