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VCB shares surged to the ceiling in the morning session on April 23 ahead of Vietcombank’s 2026 annual general meeting (AGM). As of 10:15, VCB traded at 63,500 dong per share, up 6.9% from the reference price. Buying demand dominated, with bids at the ceiling price for about one million shares, while sell orders were nearly exhausted. Liquidity also rose sharply, with around 18 million shares traded in just over an hour.
The price move comes as Vietcombank prepares to hold its 2026 AGM on April 24, with materials indicating a key focus on raising charter capital through a large-scale equity issue. Under the AGM plan, the bank intends to issue up to more than 1.06 billion shares to existing shareholders from equity capital.
After the issuance, Vietcombank’s charter capital is expected to increase from about 83.557 trillion dong to nearly 94.000 trillion dong.
The equity plan is described as one of the largest capital-raising initiatives in the banking sector this year, as banks work to strengthen capital adequacy ratios and create capacity for loan growth in the coming period.
For 2026, Vietcombank targets credit growth within limits permitted by the State Bank (NHNN) and plans to mobilize market 1 funding in line with credit growth. Total assets will follow approvals by competent authorities.
The bank has not yet disclosed a 2026 profit target, noting that the figure will be determined by relevant authorities. Vietcombank also states that its non-performing loan (NPL) ratio remains below 1.5%.
To achieve its 2026 objectives, Vietcombank plans to adjust its credit mix, increase service income through a full digital transformation, and improve the share of service income. The bank also intends to promote cross-selling and focus on connectivity and ecosystem expansion as core tasks.
In addition, Vietcombank plans to establish a wholly owned subsidiary at the Vietnam International Financial Center (VIFC) with charter capital of 3,000 billion dong.
The bank says its presence in the IFC would enable Vietcombank to participate directly in the development of IFC Vietnam and provide an additional channel to deploy international banking activities within its own legal framework.
The board of directors has submitted to the AGM a proposal to grant and authorize the board to carry out related tasks regarding the establishment of the subsidiary at the IFC.
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