Issuing more than 543 million individual shares, increasing capital to nearly VND 89,000 billion
On April 26, Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank, code: VCB) held the 2025 Annual General Meeting of Shareholders at Vietcombank Human Resources Training and Development School, Ecopark urban area (Hung Yen). The Congress approved many important contents, notably the plan to issue individual stocks to increase charter capital.
According to the resolution, Vietcombank will issue a maximum of 543.1 million individual shares, equivalent to 6.5% of outstanding shares, to no more than 55 strategic investors and professional securities investors. The total issuance value at face value is estimated at VND 5,431 billion. Issued stocks will be limited to a minimum transfer period of 3 years for strategic investors and 1 year for professional securities investors.
After the issuance, Vietcombank's charter capital is expected to increase from VND 83,557 billion to nearly VND 88,988 billion, continuing to maintain its position as the commercial bank with the highest charter capital in the system.
Use all 2024 profits to divide dividends to shareholders
In parallel with the plan to raise capital, the General Meeting of Shareholders of Vietcombank also approved the use of all profit after tax in 2024 - estimated at more than 23,000 billion VND - to divide dividends to shareholders. The form of dividend (in cash or stock) will be based on the approval of the management agency and the decision of the Board of Directors.
Speaking at the Congress, Mr. Nguyen Thanh Tung - Chairman of Vietcombank's Board of Directors - emphasized: "Vietcombank will consistently motto the action of 'innovation, efficiency, sustainability' and the viewpoint of 'responsibility - discipline - connection - creativity'.
Mr. Nguyen Thanh Tung added that Vietcombank is oriented to develop in depth, effectively and sustainably, associated with comprehensive digital transformation and green growth.
With two major decisions approved at the Congress - issuing individual stocks and sharing full profits in 2024 - Vietcombank expects to improve financial capacity, expand operational scale, and increase value for shareholders in the long term.
