Two Vietnamese banks to list on stock exchanges in 2025

Vietnamese private lenders VietABank and KienlongBank are set to move their shares from the unlisted public companies market UPCoM to the Ho Chi Minh City or Hanoi stock exchanges in 2025.

At its 2025 AGM held on Saturday, VietABank shareholders approved a plan to list all floating VAB shares on the Ho Chi Minh City Stock Exchange (HoSE). The bank’s board of directors was authorized to carry out necessary procedures for the listing.

The move aligns with the government’s direction under the project "Restructuring redit institutions in connection with settlement of bad debts for the 2021-2025 period," which aims to have all joint stock commercial banks listed on Vietnam’s stock exchanges by 2025.

Providing an update on the progress, VietABank CEO Nguyen Van Trong confirmed that the bank has officially submitted its listing application to the HoSE.

"Following shareholders’ approval, VietABank will closely adhere to the listing procedures. We are accelerating the process and aim to complete the transition from the UPCoM to the HoSE within two months," he said.

Chairman Phuong Thanh Long added that the listing presents an opportunity for VietABank to attract more investors, boost trading liquidity and allow the market to better assess the bank’s value.

"We expect to complete the listing successfully in the third quarter of 2025, which will stimulate more active share trading," he noted.

VietABank targets a pre-tax profit of VND1.31 trillion ($50.34 million) in 2025, up over 20% year-on-year. The bank projects total assets to reach VND128.4 trillion ($4.93 billion), up VND9 trillion from 2024.

In 2024, VietABank reported a pre-tax profit of VND1.09 trillion and total assets of VND119.83 trillion, achieving 102% of the year's target.

Meanwhile, KienlongBank (KLB) secured shareholder approval for its listing plan at its 2025 AGM on Friday. It is yet to be known whether it is the HoSE or the Hanoi Stock Exchange.

The bank emphasized that going public is essential to demonstrating greater transparency, improving operational efficiency, and strengthening competitiveness as a large-scale public enterprise.

Describing the listing as a strategic priority, KienlongBank's board of directors committed to swiftly executing the required procedures.

“We will move quickly to complete the process, although final approval must come from relevant state authorities. Our goal is to finalize the listing by the fourth quarter of 2025,” said chairman Tran Ngoc Minh.

For 2025, KienlongBank aims for a pre-tax profit of VND1.38 trillion ($53 million), with projected assets reaching VND102 trillion ($3.92 billion), a 10.66% increase compared to 2024.

The bank aims to achieve a pre-tax profit of VND1.38 trillion ($53 million). Total assets are expected to reach VND102 trillion ($3.92 billion), up 10.66% compared to 2024.

Besides Kienlongbank and VietABank, five other banks have yet to list their shares on the stock exchanges. They are trading on the UPCoM, namely Saigonbank, VietBank, PGBank, BVBank, and ABBank.