BIDV plans VND 20 trillion bonds: what it means for BIDV stock
Published on 10/19/2026 at 09:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSCapital plan and reporting dates
- BIDV approved a VND 20 trillion public bond plan on October 14, 2026.
- First-half 2026 pretax profit reached VND 18,905 billion, up 18.00 percent year over year.
- Mirae Asset kept a VND 42,350 target for BIDV on October 18, 2026.
BIDV (VN000000BID9) approved a plan for up to VND 20 trillion in public bonds on October 14, 2026. The subordinated debt would strengthen Tier 2 capital and support lending, according to DNSE. For BIDV stock, the key issue is how quickly the capital plan translates into balance-sheet capacity.
What does the plan mean for capital?
The proposed bonds are non-convertible, unsecured and divided into four issuance phases. The first phase covers VND 8 trillion in seven-year and eight-year bonds, with issuance planned from the fourth quarter of 2026 through the first quarter of 2027, Vietnam.vn reported on October 16, 2026.
The funding push follows an VND 800 billion private placement completed between September 11 and October 9, 2026, with a fixed annual interest rate of 8.20 percent. That sequence gives the capital story a concrete scale, while the eventual cost of funding remains relevant for margins.
Three dates mark capital build
On June 30, 2026, BIDV reported VND 10,333 billion in second-quarter pretax profit, up 19.80 percent year over year. On September 11, 2026, the bank began distributing a VND 800 billion private bond issue. On October 14, 2026, it approved the VND 20 trillion public bond plan, based on figures reported by Vietnam.vn.
What will the October report show?
BIDV's first-half 2026 pretax profit reached VND 18,905 billion, an 18.00 percent increase from the prior-year period. Total assets rose 3.30 percent from the end of 2025 to VND 3.44 quadrillion, while loans increased 5.40 percent to nearly VND 2.50 quadrillion, according to Nguoi Quan Sat on October 18, 2026.
Analyst target meets asset-quality risk
Mirae Asset maintained an overweight view and a VND 42,350 target on October 18, 2026. The research also cut its full-year 2026 net interest margin forecast from 2.48 percent to 2.34 percent and cited a second-quarter non-performing loan ratio of 1.83 percent, compared with 1.47 percent at the end of 2025. Those figures frame the investor debate around capital growth and credit costs.
Reporting dates are set
BIDV's investor-relations calendar lists October 30, 2026 for the announcement of third-quarter interim separate and consolidated financial statements and November 30, 2026 for the third-quarter earnings call, according to the BIDV investor-relations page.
Capital and earnings now converge
The October reporting date will show whether the bank's 18.00 percent first-half profit growth is carrying into the second half, while the bond program adds a separate test for funding discipline. The combination puts Tier 2 capital, lending growth and asset quality on the same investor checklist.
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