Vietcombank Securities forecasts 26 percent profit growth for VietinBank stock

Published on 10/25/2026 at 00:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Vietcombank Securities sees VietinBank's profit rising 26 percent in 2026 with a 2.7 percent NIM. VietinBank stock has VND 36.2 trillion in PPP loans.

Capital plans and lending outlook

VietinBank's full-year pretax profit is forecast to rise 26 percent in 2026.
VietinBank announced a VND 16.0 trillion public bond program on October 15, 2026.
Public-private partnership loans reached VND 36.2 trillion across 26 projects on August 31, 2026.

VietinBank, VN000000CTG7, Illustration mit AI erstellt.

VietinBank (ISIN VN000000CTG7) is facing a 2026 profit forecast of 26 percent growth, while Vietcombank Securities expects a 2.7 percent net interest margin. Vietnam News reported the forecast on October 24, 2026, linking the outlook to infrastructure lending, debt recovery and the possible transfer of the VietinBank Tower project.

Three events shape the outlook

On October 2, 2026, VCCI reported a forecast for third-quarter pretax profit of VND 10.843 trillion, up 27.4 percent from the same period a year earlier. The report also said first-half profit growth exceeded 36.7 percent.

On October 15, 2026, VietinBank was reported to have planned a VND 16.0 trillion public bond offering in two tranches. The Vietnam Banks Association said the first tranche would cover VND 12.0 trillion and the second VND 4.0 trillion.

On October 24, 2026, the Vietcombank Securities forecast became the latest event in the sequence: full-year pretax profit was projected to rise 26 percent, compared with 18 percent for the third quarter. The same analysis put 2026 credit growth at 15.6 percent and the net interest margin at 2.7 percent.

What supports the forecast?

Infrastructure finance is the central operating theme. As of August 31, 2026, VietinBank had VND 36.2 trillion of outstanding loans to public-private partnership projects across 26 projects, equal to 1.7 percent of total outstanding loans, according to Vietnam News.

For investors, the forecast combines a quantified earnings catalyst with a clear funding requirement. The bond plan could strengthen capital for longer-duration lending, while the projected 2.7 percent margin shows that asset growth alone is not the entire earnings story.

Listing and investor context

VietinBank trades under ticker CTG on the Ho Chi Minh Stock Exchange. Global Banking and Finance Review identifies the issuer, HOSE listing and ISIN VN000000CTG7. The bank's next investment case therefore rests on whether credit expansion, margins and capital deployment can develop together.