Vietbank to raise charter capital to over VND 15.548 trillion and to list on HOSE in Q2-Q3 2026

Vietbank Joint Stock Commercial Bank (Vietbank, UPCoM: VBB) has released documents for its 2026 annual general meeting, outlining plans to increase charter capital to more than VND 15.548 trillion and to list on the Ho Chi Minh Stock Exchange (HOSE) in the second or third quarter of 2026.

2026 business targets

Vietbank’s 2026 profit target is set to rise 37% year-on-year. By year-end 2026, the bank expects total assets to reach VND 230,000 billion (up about 17% from the beginning of the year). Gross credit outstanding is projected at around VND 134,000 billion (up 23.6%), while total deposits are expected to be about VND 155,000 billion (up about 24%).

Pretax profit for 2026 is targeted at VND 2,100 billion, up 37% year-on-year.

HOSE listing timing adjusted

Vietbank previously approved a plan to list on HOSE. The 2025 AGM approved the listing plan on 26/04/2025, and on 11/07/2025 the Board approved implementation. The bank completed its listing application to HOSE in March 2026.

However, management said that geopolitical developments, including the Middle East conflict, have weighed on global and domestic markets. As of 20/03/2026, the VN-Index fell about 11.5%. After a prudent assessment, Vietbank noted that listing at the current stage carries risks and may not be the optimal way to maximize shareholder value.

Accordingly, the bank intends to consider a more suitable listing timing, possibly in Q2 or Q3 2026, depending on market conditions and HOSE’s decisions.

Capital increase plan

Vietbank plans to raise charter capital by VND 15,548 billion through three tranches.

• Tranche 1: issuance of about 107.7 million common shares (10%) from equity; par value VND 10,000 per share; issue value about VND 1,077 billion. Source: retained earnings and capital surplus as of end-2025. Shares are not transfer-restricted. Expected timing: Q2 to Q3 2026.
• Tranche 2: issuance of about 296.14 million shares (25%) to existing shareholders (new capital contributors) on the list-date; issue price VND 10,000 per share; issue value about VND 2,961 billion. Shares are not transfer-restricted. Expected timing: Q3 to Q4 2026.
• Tranche 3: issuance of more than 74 million shares (5%) under an employee stock option program (ESOP); issue price VND 10,000 per share; total value over VND 740 billion. ESOP shares will be transfer-restricted for 1 year after the end of the tranche. Expected timing: Q4 2026 to Q1 2027.

If all three tranches are completed successfully, Vietbank’s charter capital will increase from VND 10,769 billion to VND 15,548 billion.

Use of proceeds

Vietbank said all new capital will be used for fixed assets, IT systems, expanding business and network expansion, ensuring safety ratios, and supporting profitability.