VPB – Update – Revaluation following the VPBankS IPO
Posted: Oct 22, 2025
- Pre-tax profit of VPB is expected to grow 43.6%/31.8% YoY in 2025/2026, driven by top-tier credit growth and a sharp decline in credit cost.
- NPL is expected to improve materially YTD.
- We recommend ADD on VPB with a target price of VND 42,400/share.
Share:
Relevant reports
Don't have an MBS account?
Open an accountStart trading and stay informed with timely updates and valuable reports from MBS.
If you have an MBS account, please register to receive reports from MBS.
Get the latest market updates and corporate insights from MBS.