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Giấy phép số 4978/GP-TTĐT do Sở Thông tin và Truyền thông Hà Nội cấp ngày 14 tháng 10 năm 2019 / Giấy phép SĐ, BS GP ICP số 2107/GP-TTĐT do Sở TTTT Hà Nội cấp ngày 13/7/2022.
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Japan is considering a proposal to tighten income requirements for long-term residence applications as part of broader measures Prime Minister Sanae Takaichi is weighing to manage the rapidly rising number of foreigners in the country. Current long-term residence framework Japan currently has about 940,000 people with long-term residence status, representing…
Vietnam Maritime Joint Stock Commercial Bank (MSB) has released its 2026 annual general meeting (AGM) document, outlining key items including the 2026 business plan, profit distribution for 2025, and a capital increase proposal. The AGM is scheduled for April 24 in Hanoi.
MSB sets a target of pre-tax profit of VND 8 trillion for 2026, up about 13% from 2025.
Under the proposal, the bank expects:
MSB said it will maintain a strategy of steady growth as the banking sector tightens risk control, while strengthening its capital base to support long-term development.
At the AGM, MSB will present a plan to distribute profits for 2025. The bank reported pre-tax profit for 2025 of more than VND 7,058 billion, with after-tax profit of about VND 5,628 billion.
After setting aside mandatory reserves, MSB expects to retain about VND 4,558 billion for dividend distribution.
MSB will also submit to shareholders a plan to increase charter capital by issuing shares to existing shareholders at a maximum rate of 20%, equivalent to issuing up to 624 million additional shares. The issued shares would be freely transferable.
The funding sources would be retained earnings and additional capital reserves, based on the 2025 audited financial statements as of December 31, 2025.
If the plan is completed, MSB’s charter capital would increase from VND 31,200 billion to VND 37,440 billion, an increase of about VND 6,240 billion.
MSB’s leadership said the capital plan is intended to strengthen financial capacity, improve safety indicators, and provide a platform for mid- to long-term lending growth. The bank also aims to adopt international governance standards such as Basel III and IFRS to improve competitiveness and attract investors.
MSB plans to present a proposal to contribute capital and acquire shares in a fund management company to make it a subsidiary.
MSB noted that a sustained high and stable economy supports Vietnam’s stock market development and that the market remains an effective channel for capital formation. However, it said the fund management sector in 2025 did not grow in line with the market: the number of investment funds reached 123, virtually unchanged from the previous year, reflecting limited investor interest.
MSB referenced regulator guidance issued in September 2025 to restructure and develop the stock fund management sector, aiming to raise the number of funds to 500 by 2030 and assets under management to about 5% of GDP—more than six times the current level.
In the long term, MSB said rapid urbanization and growth of the middle class are expected to increase demand for accumulation and asset allocation, shifting from traditional channels toward professional and transparent investment products.
Based on this, MSB identified securities and asset management as core areas in its development strategy to expand investment services and move toward wealth management. Proposed products include open-end funds, retirement funds, equity funds, bonds, and others.
The bank also stated that while shareholders approved the policy in 2025 and the Board actively sought opportunities, the proposed approaches did not meet investment criteria and were therefore not implemented in the past year. The Board will continue to present the plan for future consideration.
MSB further proposes converting TNEX Finance (TNEX Finance Company Limited)—a non-bank financial institution 100% owned by MSB—into a comprehensive financial services company.
TNEX Finance currently operates under a consumer finance model under a State Bank of Vietnam license. MSB said TNEX Finance increased its charter capital in 2025 from VND 500 billion to VND 1,500 billion to support expansion, but that the consumer finance model has limitations compared with a comprehensive financial services model.
According to MSB management, converting to a comprehensive financial services company would help broaden operations, reach a wider customer base, diversify revenue sources, and reduce risk. It would also enhance governance capabilities and financial strength, improving competitiveness.
In addition to the above proposals, the AGM will elect or replace one member of the Board of Directors, two members of the Supervisory Board for term VII (2022–2026), and address other important matters.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
