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VietABank, officially Viet Nam International Joint Stock Commercial Bank (VietABank), held its 2026 annual general meeting of shareholders on April 25. The bank submitted several key proposals for shareholder approval, including its 2026 profit growth plan, a large increase in charter capital, and directions for expanding investment activities.
Under its business plan, VietABank targets pre-tax profit of 1.945 billion dong in 2026, up 18.2% compared with 2025. Total assets are expected to reach 150,500 billion dong, up 7.1%. Lending growth is guided at 14.5% to 101,633 billion dong, while the bad debt ratio is to be kept below 3%.
Customer deposits and debt instruments are expected to reach 115,441 billion dong, up 11%. The bank noted that the lending target may be adjusted within limits set by the State Bank of Vietnam.
For 2025, VietABank reported pre-tax profit of 1,645 billion dong and after-tax profit of 1,319 billion dong. Based on this result, the bank proposed allocations in line with regulations, including an additional capital reserve of about 132 billion dong, a financial reserve of about 119 billion dong, and a welfare reserve of about 13 billion dong. After provisions, remaining profit would be more than 1,055 billion dong.
A central item at the AGM is the plan to raise charter capital by 4,525 billion dong, increasing it from 8,164 billion dong to 12,688 billion dong. The bank expects to implement the increase through three methods: issuing shares from treasury capital of about 1,224.5 billion dong (approximately 15%), a rights issue to existing shareholders valued at 3,100 billion dong, and issuing 200 billion dong worth of ESOP shares.
The rights issue to existing shareholders is planned to issue 310 million shares at 10,000 dong per share. The exercise ratio is about 37.97% based on the record date. VietABank said the proceeds are intended to supplement capital for business activities, with a focus on expanding lending to individuals and enterprises. The bank expects to complete the capital increase within 12 months from the State Bank of Vietnam’s approval.
In addition to the capital increase, VietABank presented plans to invest in contributing capital, acquiring shares, and establishing or acquiring subsidiaries and associates. Target sectors include securities, insurance, consumer finance, payment services, credit information, remittance, and other financial services. The total investment in these enterprises, including subsidiaries and associates, is controlled so that it does not exceed 40% of charter capital and the bank’s reserves.
The AGM agenda also includes other matters such as issuing bonds to the public, selecting an auditing firm, and executive compensation, among others.
Source: Nhịp sống Thị trường, 04/25/2026 07:49 (GMT+7).
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