The plan to list on HoSE was approved by Vietbank's 2024 Annual General Meeting of Shareholders (AGM). However, due to unfavorable market conditions and macroeconomic environment in 2024, the bank's Board of Directors decided to postpone the listing to ensure optimal stock valuation upon listing.
According to Vietbank, with its business performance in 2022 and 2023 and its restructuring plan, the bank has fully met the legal requirements on business performance, operational efficiency and governance to be listed.
Vietbank's plan to change floors is taking place in parallel with the roadmap to increase charter capital. Most recently, the bank's Board of Directors approved a detailed plan for the public offering of shares.
Vietbank has approved a resolution on the plan to offer shares to the public that was approved at the 2025 Annual General Meeting of Shareholders. Specifically, Vietbank plans to offer 270.9 million shares to shareholders (a decrease of 184 shares compared to the plan in the Resolution of the Annual General Meeting of Shareholders due to handling odd shares in the capital increase from equity capital).
The issuance ratio is 100:3, meaning that shareholders owning 100 shares will be able to buy 33 new shares. Implementation time is in the third and fourth quarters of 2025.
With the issuance price of VND10,000/share, Vietbank is estimated to collect VND2,709.4 billion from the offering. This amount will be prioritized for lending to individual customers, then lending to small and medium-sized enterprises, and finally lending to large enterprises.
If the offering is successful, Vietbank is estimated to raise about VND2,709.4 billion. The entire amount will be prioritized to supplement lending capital, focusing on individual customer segments and small and medium enterprises. After the issuance, Vietbank's charter capital is expected to increase to VND10,919.7 billion.
At the end of the first quarter of 2025, Vietbank's pre-tax profit reached more than VND 248 billion, and after-tax profit reached VND 198 billion, 3.4 times higher than the same period last year. This result mainly came from net interest income increasing by 56% over the same period, reaching nearly VND 703 billion.
Source: https://baovanhoa.vn/kinh-te/vietbank-vbb-len-ke-hoach-niem-co-phieu-tren-san-hose-153437.html
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