The Ho Chi Minh City Stock Exchange (HoSE) has recently approved the listing of VietABank’s shares (Vietnam Asia Commercial Joint Stock Bank) with the stock code VAB.
Specifically, HoSE has approved the listing of nearly 540 million VAB shares, equivalent to a charter capital of nearly VND 5,400 billion.
HoSE approves the listing of nearly 540 million VAB shares
VAB shares have been traded on the Upcom exchange since July 20, 2021, with an initial price of VND 13,500 per share. As of the trading session on June 27, the share price stood at VND 15,200 per share, marking a 63% increase since the beginning of the year.
The listing plan was approved by VietABank’s 2025 Annual General Meeting of Shareholders. According to VAB’s leadership, the listing aims to enhance the bank’s reputation, position, and brand. It also facilitates the trading of VAB shares and attracts strategic foreign investors and international financial institutions.
With the listing of VAB, there are now 19 bank stocks traded on the HoSE, including VCB, TCB, CTG, BID, MBB, SHB, TPB, VIB, ACB, HDB, STB, VPB, LPB, SSB, MSB, OCB, EIB, NAB, and now VAB.
Prior to VietABank, more than 1 billion shares of NAB (Nam A Bank) were officially traded on the HoSE after moving from the Upcom exchange. The reference price was VND 15,900 per share, and with a par value of VND 10,000 per share, the total value of listed securities of Nam A Bank exceeded VND 10,580 billion.
Notably, several other banks also aim to list their shares on the HoSE this year. For instance, at the 2025 Annual General Meeting of KienlongBank (KLB), the Board of Directors was authorized to choose a stock exchange for the bank’s listing, with the goal of completing the process by the fourth quarter of 2025.
Several banks plan to list their shares on HoSE this year.
Similarly, BVBank (BVB) has approved plans to list its shares on the HoSE this year after failing to switch to a new exchange in 2024 as initially planned. At VietBank, the 2024 Annual General Meeting authorized the Board of Directors to initiate the listing of VBB shares on the HoSE when market conditions are favorable.
According to VietBank’s Board of Directors, while the bank has met the listing requirements, the US tax policy has caused significant fluctuations in the stock market. As a result, VietBank will consider an appropriate time to implement the listing plan in 2025 or 2026 to optimize the value of its shares and ensure the maximum benefits for its shareholders.
Saigonbank (SGB) has also signed a contract with a consulting unit to advise on the process of switching from the Upcom exchange to the HoSE or HNX.
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