Sovico Group has announced the completion of the transfer of over 65 million shares of HDBank (stock code: HDB). The transaction was executed via a negotiated deal between November 21 and November 25, totaling over VND 1.9 trillion.
Following this transaction, Sovico’s ownership in HDBank has decreased to more than 385 million shares, equivalent to a 9.9% stake in the bank. Earlier in June, the shareholder had also sold 50 million HDB shares. These transactions are in compliance with the 2024 Law on Credit Institutions, which mandates a maximum ownership limit in a single bank.
On the stock market, HDB shares are currently trading at VND 32,000 per share, marking a 25% increase since the beginning of the year. The bank’s market capitalization stands at over VND 123 trillion.
HDBank is planning a 25% stock dividend for 2024, meaning shareholders will receive 25 additional shares for every 100 shares held. The dividend will be sourced from the bank’s undistributed profits for 2024, after fulfilling tax obligations and statutory reserve requirements.
Additionally, HDBank’s Board of Directors has approved a resolution to issue bonus shares from the capital surplus fund at a 5% ratio. If both plans are executed, HDBank’s chartered capital will increase by a maximum of VND 11,578 billion, reaching over VND 50,172 billion.
In other developments, on November 18, 2025, HDBank issued 800 corporate bonds under the code HDB12507, with a face value of VND 1 billion per bond, totaling VND 800 billion. The bonds have a three-year term and are set to mature on November 18, 2028.
Is the Era of ‘Lost Trust’ in Corporate Bonds Over?
The corporate bond market is entering a phase of restructuring, marked by a surge in issuances but a sharp decline in buybacks. Concurrently, the Ministry of Finance has proposed new regulations designed to act as a “filter” for the market. These measures aim to enhance transparency and restore confidence, addressing the “trust deficit” that has previously plagued the sector.
Sovico Group Reduces Stake in HDBank
Sovico Group has successfully divested over 65 million shares of HDBank, reducing its ownership stake in the bank to 9.9%.
HDBank Raises VND 1,000 Billion Through Bond Issuance
HDBank has successfully issued 1,000 bonds under the code HDB12508, with a face value of 1 billion VND per bond, totaling an issuance value of 1 trillion VND.
Top Banks with the Highest Loan Interest Earnings: BIDV and VietinBank Lead, VPBank Outpaces Techcombank by 1.5 Times, SHB Trails Behind
Amidst the backdrop of the most significant surge in credit outstanding balances across the entire system in recent years, interest income from lending continues to serve as the cornerstone of profitability for banks.
HDBank’s Deputy CEO Trần Hoài Nam: Aiming to Become an “ASEAN Asset”
As one of the top five Vietnamese enterprises with the highest ACGS (ASEAN Corporate Governance Scorecard) ratings in 2024, HDBank is entering a new phase of acceleration. With a bold ambition to elevate its governance standards to regional best practices, the bank is strategically preparing for the next evaluation cycle. HDBank’s ultimate goal is to position itself as a premier “ASEAN asset,” setting a benchmark for excellence in the region.
