With the capital hike, VIB will be able to boost lending to creditworthy corporate and individual customers and those in the priority sectors listed by the Government. The extra capital will also allow the bank to invest in facilities, technology, products, risk management and branch network upgrade to improve the competitiveness of VIB and expand to more provinces and cities in the country.

Moreover, VIB looks to increase its asset value by 22% to VND150.2 trillion and deposits by VND100 trillion while keeping the ratio of bad debt below 3% of total outstanding loans.

VIB’s board of directors is considering an appropriate time to list on the Hochiminh Stock Exchange (HOSE). The bank proposed paying a 5% cash dividend and a 31% share dividend for shareholders.

Last year, VIB obtained the highest growth in five years with all its units beating their sales and profit targets. Its pre-tax profit amounted to VND1.4 trillion, double the 2016 figure and meeting 187% of the target. Meanwhile, the bank’s total assets were recorded at VND123.2 trillion, 103% of the target.

The bank’s credit growth was 26% while bad debt was maintained at less than 3% of total outstanding loans.

VIB continued to be recognized by international institutions and State management agencies as one of the best banks in terms of quality and transparency. It was the first bank in Vietnam to win “The leading Vietnam Bank for Trade Finance for Small and Medium Enterprises” from the Asian Development Bank.

VIB received “Vietnam’s Outstanding Innovative Banking Service Award in 2017” award from IDG for its MyVIB Social Keyboard, “The most innovative banking brand in Vietnam 2017” from the UK’s Global Brands magazine and “Best Customer Service Bank Vietnam 2017” from Global Banking & Finance Review.

Moody’s Investors Service has upgraded VIB’s rating of local and foreign currency deposits from stable to positive, and continued to list VIB in the group of the highest credit rating banks in Vietnam.