The Ho Chi Minh City Stock Exchange (HoSE) announced that 539.96 million shares of Viet A Bank (VAB) will begin trading on the HoSE on 22/7. The reference price is 14,250 dong per share. The price fluctuation range for the first trading day is 20% of the reference price.

VAB becomes the 21st bank listed on the main exchange, joining 18 others on the HoSE and two on the Hanoi Stock Exchange (HNX).

Prior to moving to the HoSE, VAB shares were traded on the Unlisted Public Company Market (UPCoM) starting 20/7/2021. In its final UPCoM session, VAB shares closed at 15,200 dong, a 60% increase since the beginning of the year and its highest level in three years.

In late May, Viet Phuong Group finalized the sale of 17 million VAB shares through private placement, reducing its ownership from over 12.2% to 9.06% of the bank's capital, complying with the 2024 Law on Credit Institutions.

In late June, the State Bank of Vietnam approved VietABank's charter capital increase of up to 2,764 billion dong through additional share issuance, bringing the total to over 8,160 billion dong. This is VietABank’s first charter capital increase this year, as part of the capital increase plan approved by its shareholders.

At the shareholders' meeting, the bank approved a plan to more than double its charter capital to over 11,500 billion dong. This will be achieved through three methods: issuing over 285 million shares at a 52.8% ratio, issuing 20 million employee stock ownership plan (ESOP) shares at a 3.7% ratio, and issuing 313 million shares to existing shareholders at a 100:58 ratio.

This year, the bank aims for a 20% pre-tax profit growth, targeting over 1,300 billion dong. Total assets are projected to exceed 128,000 billion dong by the end of the year. Customer deposits and issued valuable papers are expected to reach over 101,000 billion dong. The target for outstanding credit is to increase by over 10% to 88,100 billion dong, subject to approval by the State Bank of Vietnam.

In Quarter I/2025, VietABank achieved 353 billion dong in pre-tax profit, a 42% increase compared to the same period last year. As of 31/3, the bank’s total assets reached 129,046 billion dong, a 7.7% increase since the beginning of the year. Outstanding loans to customers were 84,910 billion dong, a 6.3% increase. Total on-balance sheet bad debt was 536 billion dong, a 50.8% decrease compared to the beginning of the year.

Quynh Trang