The Law on Credit Institutions 2024
Vietnam Investment Group Joint Stock Company (Vietnam Investment Group) has just announced the trading of shares by insiders and related persons of insiders.
Specifically, Vietnam Investment Group registered to sell 17 million VAB shares of VietABank by matching or matching orders on the floor during the period from May 28 to June 26, 2025. The purpose of the transaction is to adjust the ownership ratio in accordance with the Law on Credit Institutions.
Currently, Vietnam Investment Group owns nearly 66 million shares, equivalent to 12.21% of VietABank’s charter capital. If the transaction is successful, the number of VAB shares owned by Vietnam Investment Group will decrease to nearly 49 million shares, equivalent to 9.06% of capital.
At the close of the trading session on May 27, the market price of VAB shares stood at VND 14,000/share, up more than 50.5% compared to the beginning of the year. According to this price, Vietnam Investment Group is estimated to collect about VND 238 billion from the sale of VietABank shares.
The transaction of Vietnam Investment Group took place after nearly 11 months since the Law on Credit Institutions 2024 officially took effect (01/07/2024).
According to the Law on Credit Institutions 2024, from July 1, 2024 – the effective date of this Law, the maximum ownership ratio of individual shareholders in a credit institution is 5% (remains the same as the old regulation). However, the limit for institutional shareholders (including the number of shares indirectly owned by such shareholders) is reduced from 15% to 10%; and for shareholders and related persons, the limit is reduced from 20% to 15%.
To avoid disruptions and negative impacts on the banking system, the Law on Credit Institutions 2024 provides for a transition period. Specifically, from July 1, 2024, shareholders, and related persons who exceed the prescribed ownership ratio are allowed to maintain their shareholding but are not permitted to increase their shareholding until they comply with the provisions of this Law on ownership ratios, except in the case of receiving dividends in shares.
In another development, Ho Chi Minh City Stock Exchange (HOSE) recently announced that it had received the listing registration dossier of Vietnam Asia Commercial Joint Stock Bank (VietABank) on May 14, 2025.
The number of shares registered for listing is nearly 540 million units, equivalent to a charter capital of nearly VND 5,400 billion. Currently, VAB shares are being traded on the UPCoM Stock Exchange.
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