Vietcombank’s Surging Stock Price and Market Dominance
Vietcombank’s stock (VCB) recently made a stunning move, soaring to the peak during the August 27 session and setting a new record high of 69,100 VND per share. This dramatic rise pushed the bank’s market capitalization to over VND 577 trillion (approximately USD 22 billion), solidifying its position as the largest entity on the stock exchange.
Remarkably, just one session added over VND 37.6 trillion (approximately USD 1.5 billion) to Vietcombank’s market cap, a record-breaking feat. This amount surpasses the value of more than 1,500 listed companies, including notable names such as Duc Giang (DGC), Kinh Bac (KBC), FPT Retail (FRT), REE Corp (REE), Gemadept (GMD), and Novaland (NVL). As of August 27, less than 50 entities in the market boasted a capitalization of over USD 1.5 billion.
Vietcombank not only leads the stock exchange in market capitalization but is also Vietnam’s top bank in terms of charter capital. Following a stock dividend payout in March this year, Vietcombank became the first entity in Vietnam’s stock market history to have over eight billion shares in circulation, corresponding to a charter capital of nearly VND 83.6 trillion.
Moreover, with its ongoing plans, Vietcombank is poised to be the first listed company to cross the VND 100 trillion charter capital threshold. At the 2025 Annual General Meeting, shareholders approved a proposal to issue private shares to increase charter capital. Specifically, the bank intends to offer up to 543.1 million shares to a maximum of 55 strategic and professional investors. The offering may be executed in one or multiple tranches over 2025-2026.
In addition to the private placement plan, Vietcombank has two other dividend payout proposals pending regulatory approval. The bank intends to utilize all remaining profits after fund allocations for 2023 (VND 22.77 trillion) and 2022 (VND 21.68 trillion) for stock dividends.
Regarding its business performance in the first half of the year, Vietcombank recorded total operating income of over VND 35.1 trillion, a 3.2% increase year-over-year. This growth was driven by strong results in foreign exchange trading and other business activities. However, net interest income for the period witnessed a slight decline of 0.5% compared to the previous year, and service income plunged by 43%.
While operating expenses increased more sharply than total operating income, Vietcombank’s profit before tax still managed a modest 5.1% year-over-year increase to VND 21.894 trillion. This was primarily due to a significant 48% drop in risk provision costs compared to the same period last year.
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As of the August 27 trading session, Vietcombank’s market capitalization reached a new pinnacle, soaring to a staggering 577.377 trillion VND. This remarkable feat positions the bank at the forefront, surpassing the combined market capitalization of VPBank and Techcombank.
