Techcombank shares (code TCB) owned by billionaire Ho Hung Anh have just had a strong breakout session, surging 6.5% to set a new peak at VND 29,400/share. As a result, the market capitalization also hit a new record of VND 208,000 billion ($8 billion), solidifying Techcombank’s position as the largest private bank in the Vietnamese stock market.
Despite this impressive performance, the bank’s chairman, Ho Hung Anh, has his eyes set on an even more ambitious goal. At the 2025 Annual General Meeting of Shareholders held on April 26th, he emphasized their commitment to achieving a market capitalization of $20 billion by the end of 2025.
Mr. Anh attributed this target to the bank’s successful IPO in 2018, when the market valued Techcombank at 4.5 times its initial offering price. With the bank’s equity currently nearing VND 170,000 billion, along with positive signs in the bond and real estate markets, he believes this goal is well within reach.
Additionally, Mr. Anh shared plans for the IPO of Techcombank Securities (TCBS) later this year, pending market conditions and the upgrade of Vietnam’s stock market status.
In just under two weeks since the AGM, TCB shares have climbed over 13%, adding nearly $1 billion to the bank’s market cap. This surge has significantly boosted Mr. Anh’s wealth, with his family’s stock assets now estimated to exceed VND 50,000 billion ($2 billion). Forbes also ranks him as Vietnam’s fourth-richest person, with a net worth of $1.9 billion.
Turning our attention back to Techcombank, the bank has set its sights on a pre-tax profit target of VND 31,500 billion for 2025, marking a 14.4% increase from the previous year. With the State Bank of Vietnam’s approval, Techcombank’s credit limit currently stands at VND 745,738 billion, a 16.4% jump from 2024, and the bank maintains a tight grip on non-performing loans, keeping them below 1.5%.
Notably, Techcombank’s shareholders have approved a 2024 dividend payout plan. The bank intends to distribute a 10% cash dividend, amounting to VND 1,000 per share. With nearly 7.065 billion shares in circulation, the total cash dividend payout is expected to reach nearly VND 7,065 billion.
“Techcombank Shares Soar to All-Time High After Chairman Ho Hung Anh’s ‘US$20 Billion Commitment’”
“TCB stock soared by over 13% following the 2025 Annual General Meeting of Shareholders on April 26th, marking a significant surge in investor confidence. This upward trajectory underscores the market’s positive response to the strategies unveiled at the gathering.”
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“Techcombank: Aspiring to be the Leading Comprehensive Financial Group in the Region.”
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