Opposite-direction stock trades by the family of VIB vice chairman

Dang Thi Thu Ha, wife of Dang Van Son, Vice Chairman of Vietnam International Bank (VIB), has registered to buy 6 million VIB shares from 14 April to 18 May 2026 as part of a financial restructuring plan. The transactions are expected to be carried out through both negotiated deals and on-market trades.

If the purchase is successful, Ms. Ha’s stake is expected to increase from 106.84 million shares (3.139% of capital) to 112.84 million shares (3.315% of capital). Currently, Dang Van Son holds 12.7 million VIB shares, equivalent to 0.373% of capital.

Separately, Dang Minh Trang, the daughter of Dang Van Son, has registered to sell all 5.601 million VIB shares (0.165% of holding) from 14 April to 8 May, also for financial restructuring.

2026 AGM and key agenda

VIB held its 2026 Annual General Meeting on 8 April. According to VCSC, the meeting covered the 2026 business plan, the macroeconomic environment and interest rates, and VIB’s long-term strategy.

Dividend and equity issuance for 2025

For 2025, VIB plans to pay a cash dividend of 9% (9,00 VND per share), with a yield of about 5.2%, alongside a stock dividend of 9.5%. The bank also plans to issue 8 million ESOP shares to employees, representing about 0.24% of the current outstanding shares.

2026 business targets

For 2026, VIB projects pretax profit of 11.6 trillion VND, up 27% year-on-year. VCSC’s forecast is 11.3 trillion VND, up 24% year-on-year.

VIB also targets a loan balance of 429.3 trillion VND, up 15% year-on-year, supported by capital growth to 416.0 trillion VND, up 26% year-on-year. The bank expects its non-performing loan (NPL) ratio to remain below 3.0%, compared with 2.2% in Q4 2025.

Capital position and approach to strategic investors

VIB said it is taking a cautious and selective approach to seeking new strategic shareholders. Management emphasized that the bank remains confident in its independent fundamentals, supported by a Basel III capital adequacy ratio (CAR) of 12.2% versus an 8% requirement, and a healthy return on equity (ROE) of around 18–20%.

As a result, VIB is not rushing to secure new partners, and any potential investor is expected to bring strong strategic synergies and sufficient financial resources.

Profit drivers and business expansion

VCSC believes VIB’s favorable profit plan could be supported by strong card business and bancassurance income. Management reiterated its ambition to lead the card market within three years, citing 2025 performance of more than 1.1 million cards in circulation (+29% year-on-year) and card spending exceeding USD 5 billion (+19% year-on-year).

Card-related fees from cards and retail services are expected to exceed 2.0 trillion VND (+21% year-on-year). Management also pointed to continued growth supported by new products, including real-time credit line adjustments based on AI and the One Card line for premium customers.

VIB is also expanding its ecosystem through Family Banking solutions, upgrading Privilege Banking, and specialized Business Banking solutions.

Planned foreign funding in 2026

VIB plans to raise about USD 1 billion of foreign capital in 2026 with a 3–5 year tenor to support sustainable balance-sheet growth and diversify funding sources. The fundraising is expected to be conducted in two rounds: the first by late April 2026 and the second in the second half of 2026.

Management noted that while deposit rates at some smaller banks have risen above 9%, VIB does not intend to participate in a deposit-raising race. Instead, the bank views foreign funding as a more effective alternative, with current foreign funding costs around 8.5%, slightly lower than domestic funding costs.