VietinBank targets 5-10% asset growth in 2026, capitalizing on opportunities at VIFC

Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank, HOSE: CTG) has released its 2026 annual general meeting (AGM) materials, outlining proposals including the bank’s business plan, profit distribution, and the election of additional members to its Board of Directors and Supervisory Board for the 2024–2029 term.

2026 outlook and operating measures

VietinBank said the global economy and political environment are expected to remain volatile in 2026, with ongoing difficulties and challenges. It noted that Vietnam is not immune to global geopolitical cycles, and that the Government and the State Bank of Vietnam (SBV) are expected to continue actively and flexibly managing macroeconomic policy to stabilize the macro environment and support economic development.

Based on guidance from the Party and the Government/SBV, and after reviewing 2025 results, VietinBank plans to implement proactive measures consistently across its headquarters and business units to meet its 2026 business targets. The bank said it will maximize internal resources and focus on five strategic pillars: diversifying revenue and pursuing sustainable growth; becoming the primary bank for key customers; strengthening sales channel efficiency; improving risk management and debt recovery; and promoting new business initiatives while improving operating efficiency.

New business models and partnerships

VietinBank said it is actively studying and developing new business models by leveraging opportunities from sandbox policies and the development of the International Financial Center in Vietnam (VIFC). It also plans to capture market opportunities including green finance, digital finance, and digital trading platforms to diversify products, enhance competitiveness, and support modernization of Vietnam’s financial market.

The bank also plans to promote diverse partnerships with international counterparts to develop a digital ecosystem and advance inclusive finance, aiming to play a leading role in building a modern financial ecosystem at national and regional levels.

Key 2026 targets

VietinBank’s 2026 proposals include the following targets:

• Increase total assets by 5–10%.
• Loan growth within the limit set by the SBV.
• Funding mobilization growth aligned with credit growth, ensuring liquidity and safety indicators.
• Control bad debt ratio below 1.8%.
• Standalone pre-tax profit as approved by competent authorities.

On dividend policy, VietinBank said the dividend payout rate and structure (cash and/or stock) will be implemented as approved by authorities and in compliance with the law.

2025 profit distribution update

For 2025, VietinBank reported standalone after-tax profit of VND 32,906 billion. After provisioning, the bank said it had about VND 16,213 billion remaining to pay dividends in shares as approved by the authorities.

Board and Supervisory Board elections; AGM date

At this AGM, VietinBank will elect one additional member to its Board of Directors and one additional member to its Supervisory Board for the remainder of the 2024–2029 term.

The VietinBank 2026 annual general meeting is scheduled to be held on April 24 in Hanoi.