“Vietcombank’s Major Shareholder, GIC, Reduces Ownership Stake”
Vietcombank, or the Joint Stock Commercial Bank for Foreign Trade of Vietnam, recently disclosed information about shareholders owning 1% or more of its capital, based on data provided by shareholders as of July 23, 2025. In the latest update, the Government of Singapore Investment Corporation (GIC) now holds just over 84.5 million VCB shares, equivalent to 1.01% of Vietcombank’s charter capital.
According to an earlier report published by Vietcombank, this investment fund held nearly 139.6 million VCB shares, representing 1.67% of the bank’s capital.
Under the Law on Credit Institutions, shareholders owning more than 1% of the capital must submit a written report to the credit institution within seven working days from the date of change in ownership ratio.
Thus, the Government of Singapore Investment Corporation has sold 55.1 million VCB shares in July, equivalent to 0.66% of Vietcombank’s charter capital.
Source: Vietcombank
In addition to GIC, Vietcombank has two other major shareholders with ownership stakes above 1%. The State holds 74.8% of the charter capital, equivalent to more than 6.25 billion shares, while Mizuho Bank (Japan) is the second largest shareholder with a 15% stake, or approximately 1.25 billion shares.
GIC, Singapore’s sovereign wealth fund, was established in 1981 to manage the country’s foreign reserves. Its primary objective is to preserve and enhance the long-term value of its investments, contributing to Singapore’s financial stability and prosperity. GIC operates as a global investor with a diversified portfolio spanning various asset classes and geographic regions.
In 2019, GIC participated in Vietcombank’s private placement by purchasing 94.4 million shares, equivalent to 2.55% of the bank’s charter capital at that time.
“Masan Shares Surge: A Billionaire’s Fortune Reaches New Heights”
As of Forbes’ real-time update, Nguyen Dang Quang’s net worth stands at a staggering $1.2 billion, witnessing a surge of $75 million, which equates to nearly VND 2,000 billion. This surge has propelled him to secure the 2,797th rank on the esteemed list of the world’s richest individuals.
Sun PhuQuoc Airways Welcomes Its First Aircraft, Ticket Sales Expected to Commence in October 2025
Vietcombank is set to take the lead in arranging a substantial credit package for Sun PhuQuoc Airways’ ambitious investment plan. The airline’s vision includes the acquisition of 10 brand-new Airbus A320/321NEO aircraft, a significant step forward.
Sun Group Airlines Welcomes First Aircraft, Plans to Commence Ticket Sales in October
Sun PhuQuoc Airways, the newest addition to the Sun Group’s portfolio, proudly welcomed its first Airbus A321NX on August 11, 2025. With this significant milestone, the airline is gearing up for its commercial launch, planning to commence ticket sales in October and initiate operations in November 2025.
Stock Trading Leadership: A New Era as Major Shareholders Exit, Leaving VCR and GCF with a Fresh Start
The week of August 4-8, 2025, witnessed a flurry of notable divestment transactions at TNC, ECO, and VCR, with plans also unveiled for a complete capital withdrawal from GTD. On the buying front, AIG concluded its takeover of GCF, while Khu Dong – Phu Quoc, and Silver Field became major stakeholders in VCR.
US Dollar Makes a Modest Gain at Commercial Banks on August 11
As of 9 a.m. on August 11th, Vietcombank and BIDV listed their USD exchange rates at 23,485-23,560 VND/USD (buy-sell), a 10-dong increase from the buying and selling rates listed on August 8th.
