This forecast was mentioned by the analysis team of Rồng Việt Securities Company (VDSC) in an updated report on Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank).
VDSC stated that the sale of the VietinBank building could be completed in the first half of 2026, with the earliest being in Q1/2026. “The transfer will be conducted at market price, and the profit will be recognized after the transaction is completed,” the analysis team wrote in the report.
Previously, in July 2025, this bank also announced the necessary procedures to restart the transfer of the headquarters project (also known as VietinBank Tower) located on land lot TM1 in the Nam Thang Long urban area, Phu Thuong ward, Hanoi (commercial name Ciputra).
The project is situated on a land area of nearly 30,000 m2 with a design of 2 towers, 48 and 68 floors high. According to the initial plan, one tower will serve as the headquarters for VietinBank, while the other will be a 5-star hotel, a healthcare area, and luxury apartments for rent.
The project has a total investment capital of approximately 10.267 trillion VND, which started construction in 2010, but has not yet been completed due to certain difficulties faced by the bank in implementation. Recently, there have also been reports in the market that a leading real estate company in the domestic market is exploring the possibility of acquiring the building from VietinBank.
Regarding this year’s business targets, VDSC forecasts that the credit growth of this bank will be around 15%. Rồng Việt expects the State Bank will adjust the credit growth limit for VietinBank to a higher level than the limit granted at the beginning of the year (11%).
The credit costs of this giant may continue to decrease slightly based on the control of the scale of newly arising bad debts at a stable level and ensuring the maintenance of criteria regarding the bad debt ratio and bad debt coverage.