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On the morning of 24 April 2026, Vietbank Joint Stock Commercial Bank for Industry and Trade (Vietbank, UPCoM: VBB) held the 2026 annual general meeting (AGM) to discuss the business plan and a capital increase. The meeting presented proposals including the business plan and a charter capital increase. The AGM included discussion on how the added capital could be used to turn the CAR ratio into a strategic advantage, with Vice Chairman Nguyen Huu Trung noting that Vietbank’s consolidated CAR stood at 13.42% and Tier 1 capital adequacy at 9.38% last year. He emphasized that these results reflect the bank’s ongoing efforts and shareholder support to complete the planned capital increase for 2025. Vietbank intends to continue along a plan to raise capital through retained earnings and a share issue, targeting a charter capital of around 15,000 billion dong. A stronger capital base will create room to safely and selectively expand credit, focus on target customer segments and priority sectors, and gradually meet advanced international risk governance standards. The bank also aims to manage the CAR flexibly, linking it closely to its business strategy and risk appetite at different stages to optimize capital use while keeping buffers above regulatory minimums. According to the 2025 financial statements, the bank’s non-performing loan (NPL) ratio was 2.92%, up 0.17 percentage points from 2024. Management attributed the rise to macro headwinds and discussed measures to address problem assets, including proactive monitoring to detect early-stage issues, speeding up debt collection, strengthening credit appraisal, and enforcing collateral or pursuing legal actions to recover debts. The 2026 outlook remains exposed to macro risks, and Vietbank is implementing comprehensive debt recovery and collection measures, including close monitoring of loan purposes and collateral pricing. In 2025, the bank completed increasing charter capital to above 10,000 billion dong; at this AGM, the bank proposed raising charter capital to more than 15,500 billion dong in three tranches. Tranche 1 would issue nearly 107.7 million new common shares (10%) from equity sources, at 10,000 dong per share, totaling about 1,077 billion dong. Tranche 2 would issue about 296.14 million shares (25%) to existing shareholders, at 10,000 dong per share, totaling about 2,961 billion dong. Tranche 3 would issue more than 74 million shares (5%) under an ESOP program, at 10,000 dong per share, totaling more than 740 billion dong. If all three tranches are successful, charter capital would rise from 10,769 billion dong to 15,548 billion dong. The proceeds will be used for fixed assets, IT systems, strengthening funding capacity, expanding network operations, and maintaining safety ratios and profitability. HOSE listing is planned for Q2–Q3 2026. On 26 April 2025, the 2025 AGM approved the policy to list VBB on HOSE at an appropriate time. On 11 July 2025, the Board approved implementing the listing plan, and the bank submitted its HOSE listing application in March 2026. However, geopolitical events, especially the Middle East conflict, have weighed on global and domestic markets, prompting caution about the listing timing. Management concluded that listing at that moment carried risks and would not maximize shareholder value, so they planned to consider a more favorable market environment, aiming for a listing in Q2 or Q3 2026, depending on market conditions and HOSE approval. At the end of the meeting, all proposals were approved.
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