Joint Stock Commercial Bank for Foreign Trade of Vietnam (VCB) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Joint Stock Commercial Bank for Foreign Trade of Vietnam stock VND 30,310, price VND 53,600, that is 43.5% below the price, quality 62 out of 100. Rating: strongly overvalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
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Joint Stock Commercial Bank for Foreign Trade of Vietnam
VCB · VNOur calculation puts a fair price 43% below what the stock costs today.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range 34,573 VND – 75,372 VND · fair‑value band 25,507 VND – 39,625 VND · the 53,600 VND price screens above the 30,310 VND fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Company profile
Joint Stock Commercial Bank for Foreign Trade of Vietnam, together with its subsidiaries, provides banking products and services in Vietnam.
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The company accepts short, medium, and long-term deposits from organizations and individuals; sale of gold bars; and engages in financial and office leasing, and money remittance activities.
It also provides account services; digital banking services; payment, corporate, and credit cards; consumer, home, auto, and business loans; and investment and savings insurance.
In addition, the company offers money payment and cash flow management services, such as business accounts, cash flow management, trade finance, fund transfer, and corporate cards; SME loans, such as credit by industry, short, medium, and long-term loans; guarantee services; foreign exchange and capital market services, such as forex trading, interest rate derivatives, and commodity derivatives; digital banking; supply chain solutions; and consulting and investment services.
The company was formerly known as Bank for Foreign trade of Vietnam. Joint Stock Commercial Bank for Foreign Trade of Vietnam was founded in 1963 and is headquartered in Hanoi, Vietnam.
Stock analysis
Joint Stock Commercial Bank for Foreign Trade of Vietnam (VCB) currently trades at 53,600 VND, while our model-based Fair Value estimate is 30,310 VND, 43% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 45,959 VND per share, and 1 of the 6 models we run sit above the 53,600 VND price.
Bear case: the Dividend Discount group reads lowest at 5,167 VND, and 5 of the 6 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 25,507 VND (bear) to 39,625 VND (bull), the price of 53,600 VND sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 62/100 (solid quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Joint Stock Commercial Bank for Foreign Trade of Vietnam reported revenue of 69.1T VND in FY2025 versus 54.8T VND in FY2021, a compound +6.0%/yr. Reported net income was 35.2T VND in FY2025, compounding +12.6%/yr from FY2021.
Key figures
Market cap 448T VND (≈ $17.5B) Large · P/E ratio 10.9 · P/S ratio 5.45 · EPS (TTM) 4,931 VND · Dividend yield 0.8% · Net margin 50.7% · Return on equity 17.5% · Return on assets 1.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 73 out of 100 (low confidence).
What moves the price
The share trades about 29% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −28% fair-value upside, at −43%, VCB screens richer than that median.
Fair Value models
All 6 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
VCB screens overvalued: fair value 43% below the price. Compare with China Merchants Bank Co →
Compare Joint Stock Commercial Bank for Foreign Trade of Vietnam with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Banks - Regional · 996 stocks
Valuation Multiplesvs Banks - Regional median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
HEALTH: for banks, insurers and similar financial firms borrowed money is part of the business, so we do not rate debt here.
Context: sector, industry, market
- Is the Financials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Return on equity by industry
- Quality Score by industry
- PEG screener for stocks with fair value
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Banks - Regional stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Postal Savings Bank of China Co 601658 | ¥5.53 | ¥7.59 | +37% | vs VCB |
| China Merchants Bank Co 600036 | ¥42.88 | ¥52.73 | +23% | vs VCB |
| BNP Paribas SA BNP | €91.93 | €106.01 | +15% | vs VCB |
| Intesa Sanpaolo S.p.A ISP | €6.18 | €4.49 | −27% | vs VCB |
| State Bank of India SBIN | ₹1,019 | ₹736.65 | −28% | vs VCB |
| UniCredit S.p.A UCG | €76.80 | €50.44 | −34% | vs VCB |
| Mizuho Financial Group MFG | $9.40 | $5.89 | −37% | vs VCB |
| DBS Group D05 | 69.72 SGD | 40.39 SGD | −42% | vs VCB |
| HDFC Bank Limited HDFCBANK | ₹788.25 | ₹406.39 | −48% | vs VCB |
| ICICI Bank Limited ICICIBANK | ₹1,571 | ₹615.63 | −61% | vs VCB |
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Frequently asked questions
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Key figures of Joint Stock Commercial Bank for Foreign Trade of Vietnam
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