AsemconnectVietnam - Vietbank (UPCoM: VBB) has just announced the documents for its 2026 Annual General Meeting of Shareholders, setting a pre-tax profit target of VND2,100 billion, a 37% increase compared to 2025, along with plans to increase charter capital and list on the HOSE.

According to the documents for the General Meeting of Shareholders to be held on April 24th, Vietbank will present to shareholders the target of achieving total assets of VND230,000 billion by the end of 2026, an increase of nearly 17% compared to the beginning of the year. Total outstanding loans are expected to reach VND134,000 billion, an increase of 23.6%; total deposits are expected to reach VND155,000 billion, an increase of nearly 24%. The projected pre-tax profit for the whole year of 2026 is VND2,100 billion, a 37% increase compared to the 2025 results.
Regarding the plan to list on the Ho Chi Minh Stock Exchange (HOSE), the 2025 Annual General Meeting of Shareholders had previously approved the principle of listing VBB shares on HOSE at a time suitable to market conditions. On July 11, 2025, the Board of Directors issued Resolution No. 111/2025/NQ-HĐQT approving the implementation of the plan to list Vietbank shares on HOSE. Based on that, the Bank completed the listing application and submitted it to HOSE in March 2026.
However, according to the explanation of VietBank's Board of Directors, in the context of complex and volatile international geopolitical situations, especially the developments in the Middle East which have negatively impacted global and domestic financial markets. The VN-Index has recorded a decline compared to the period before these fluctuations occurred.
The management board believes that listing at this time carries many risks and is not the optimal time to maximize shareholder benefits. Therefore, Vietbank plans to consider a more suitable listing time, expected in Q2 or Q3/2026, depending on market developments and the decision of HOSE.
Also at the 2026 Annual General Meeting, the Board of Directors of VietBank will present to shareholders a plan to increase charter capital to VND15,548 billion through 3 tranches. Accordingly, Vietbank expects to increase charter capital by an additional VND4,779 billion in 2026 through 3 tranches.
In the first tranche, VietBank plans to issue nearly 107.7 million common shares (10% ratio) from equity capital. With a par value of VND10,000 per share, the issuance value is nearly VND1,077 billion. The capital used to increase capital comes from equity (retained earnings and capital reserve fund until the end of 2025). These shares are not subject to transfer restrictions. The expected implementation period is from Q2 to Q3/2026.
In the second phase, the Bank plans to issue an additional 296.14 million shares (25%) to existing shareholders (new shareholders) whose names are on the shareholder list as of the record date. With an issuance price of VND10,000 per share, the value of the issued shares is VND2,961 billion. These shares are not subject to transfer restrictions. The expected implementation period is from Q3 to Q4/2026.
In the third phase, VietBank plans to issue over 74 million shares (5% of its total shares) under its employee stock option program (ESOP). With an issue price of VND10,000 per share, the total value of the issuance will exceed VND740 billion. Shares issued under the ESOP program will be subject to a one-year transfer restriction from the date the issuance ends. The issuance is expected to take place between Q4 2026 and Q1 2027.
If all three phases are successfully completed, VietBank's charter capital will increase from VND10,769 billion to VND15,548 billion. The entire increase will be used for investment in fixed assets, information technology systems, supplementing working capital, expanding the bank's network, ensuring compliance with safety ratios, and generating profits for the bank's business operations.
N.Nga
Source: VITIC/Tinnhanhchungkhoan