Central bank okays Vietcombank hiking charter capital to $2.4 bln
Vietnam's central bank has allowed the state-controlled Vietcombank to raise its charter capital from VND47.33 trillion to VND55.89 trillion ($2.38 billion).
To process the move, the lender, listed on the Ho Chi Minh Stock Exchange (HoSE) as VCB, will issue nearly 856.6 million shares to pay dividends at the ratio of 18.1% (a shareholder holding 1,000 shares will receive 181 shares).
Vietcombank will have the second-biggest charter capital among Vietnamese banks. Photo courtesy of Vietnam New Agency.
With the move, Vietcombank will surpass VietinBank and BIDV, two other “Big 4” banks, to become the second-largest bank in terms of charter capital, after VPBank.
In November 2022, VPBank topped Vietnam's banking system in terms of charter capital after expanding it by 50% to VND67.43 trillion ($2.83 billion). This puts it far ahead of state-owned banks who had hitherto held the top slots.
BIDV's chartered capital is VND50.59 trillion ($2.12 billion), while the figures for VietinBank, Vietcombank, and Agribank are VND48.06 trillion, VND47.33 trillion, and VND34.35 trillion, respectively.
Vietcombank achieved after-tax profit of VND8.99 trillion ($383 million) in Q1, up 13% year-on-year.
VCB shares dipped 0.53% to VND94,000 ($4) each at the close on Wednesday.
- Related News
- Read More
Vietnam’s auto industry paradox: Fast growth, but localization remains 'near zero'
Vietnam’s automobile market expanded rapidly in 2025, yet localization rates - particularly for passenger cars - remain stubbornly low, highlighting a structural gap in the industry’s development.
Economy - Sun, May 3, 2026 | 3:17 pm GMT+7
China’s retail giant Meiyijia enters Southeast Asia with first stores in Vietnam, Malaysia
China’s largest convenience store chain Meiyijia has made its first move into Southeast Asia with initial outlets in Vietnam and Malaysia under a new brand, signaling intensifying competition in the region’s fast-growing retail market.
Companies - Sun, May 3, 2026 | 8:07 am GMT+7
Vietnam’s e-commerce sales surge 47% to $5.64 bln in Q1
Vietnam’s online retail market continued its rapid expansion in the first quarter of 2026 as total gross merchandise value (GMV) across four major platforms, Shopee, TikTok Shop, Lazada, and Tiki, reached about VND148.6 trillion ($5.64 billion), up 47% year-on-year, according to data from analytics firm Metric.
Economy - Sun, May 3, 2026 | 8:00 am GMT+7
Vietnam, Japan agree to target $5 bln annual investment, $60 bln trade by 2030
Prime Ministers Le Minh Hung of Vietnam and Takaichi Sanae of Japan have signed six bilateral co-operation documents following summit talks at the Government headquarters.
Economy - Sat, May 2, 2026 | 4:01 pm GMT+7
Vietnam's top dairy producer Vinamilk posts Q1 profit of nearly $93 mln
Vinamilk (HoSE: VNM) reported a net profit of nearly VND2.46 trillion ($93.26 million) in the first quarter of 2026, up 55% from the same period last year, as the dairy producer met about a quarter of its full-year target after three months.
Companies - Sat, May 2, 2026 | 3:26 pm GMT+7
Vietnamese PM hosts welcome ceremony for Japanese counterpart
Prime Minister Le Minh Hung on Saturday morning hosted an official welcome ceremony for Japanese Prime Minister Takaichi Sanae, who is on a three-day official visit to Vietnam.
Politics - Sat, May 2, 2026 | 12:37 pm GMT+7
PV Oil completes 81% of full-year profit target in Q1
PV Oil, a subsidiary of state-owned Petrovietnam, reported a sharp surge in first-quarter earnings, achieving 81% of its full-year profit target within the first three months of 2026, driven largely by favorable inventory dynamics.
Companies - Sat, May 2, 2026 | 8:17 am GMT+7
Major players eye Vietnam’s wastewater treatment market
Vietnam’s wastewater treatment sector is entering a transition phase as a growing number of large corporations signal plans to enter or expand investments, driven by rising environmental infrastructure demand and expectations of clearer wastewater pricing mechanisms.
Companies - Sat, May 2, 2026 | 8:00 am GMT+7
Work on $92 mln eco-urban resort project starts in northern Vietnam tourist hotspot
A consortium of Hong Phong ID Co. Ltd. and Ecopark Hai Duong JSC has broken ground on a VND2.42 trillion ($91.97 million) eco-urban tourism project in Vietnam's northern border province of Lao Cai.
Real Estate - Fri, May 1, 2026 | 9:08 pm GMT+7
Royal Shore Beachclub announces grand opening in Hoi An
Royal Capital Group on Thursday announced the grand opening of its newest beachfront destination, set along the pristine coastline of Hoi An.
Travel - Fri, May 1, 2026 | 6:48 pm GMT+7
Novaland posts Q1 profit of $33 mln, shares hit three-year high
Novaland (HoSE: NVL) reported a strong turnaround in the first quarter of 2026, swinging to a net profit of VND860 billion ($32.63 million) from a loss a year earlier, as revenue doubled on increased property handovers.
Companies - Fri, May 1, 2026 | 3:09 pm GMT+7
Vinaconex, Vietjet have new CEOs
Vietnamese construction heavyweight Vinaconex on Wednesday appointed deputy CEO Pham Thai Duong as CEO and legal representative, replacing Nguyen Xuan Dong.
Companies - Fri, May 1, 2026 | 2:41 pm GMT+7
Japanese retailer Aeon Mall to build another shopping center in northern Vietnam
Japan’s Aeon Mall is set to invest nearly $150 million in a shopping mall project in the northern province of Bac Ninh, marking a further push into Vietnam’s fast-growing industrial localities.
Industries - Fri, May 1, 2026 | 10:59 am GMT+7
Hyosung Vina raises $7.6 mln in unsecured bond sale
Hyosung Vina Chemicals, the Vietnam arm of South Korean chaebol Hyosung, has completed a VND200 billion ($7.59 million) domestic bond issuance, according to disclosures on the Hanoi Stock Exchange.
Companies - Fri, May 1, 2026 | 10:16 am GMT+7
Vietnam central bank to add new metrics to oversee banking activity
The State Bank of Vietnam is proposing a set of new prudential metrics to strengthen oversight of banking operations, replacing the traditional loan-to-deposit ratio (LDR) with a broader framework aligned with Basel III standards.
Banking - Fri, May 1, 2026 | 8:00 am GMT+7
From national reunification to aspiration for an integrated development space
In 1975, Vietnam united the country through determination and a shared aspiration for independence. Today, in a very different context, the country faces a new challenge: unifying its market through institutional reform, writes Dr. Nguyen Sy Dung, former deputy head of the Office of the National Assembly - the country's legislature.
Economy - Thu, April 30, 2026 | 10:27 pm GMT+7
