On December 25, 2025, Joint Stock Commercial Bank for Industry and Trade of Vietnam (VietinBank, HOSE: CTG) announced that after completing the issuance of shares to pay dividends from the remaining profits of 2021, 2022, and the period 2009-2016, the bank’s voting shares increased from nearly 5.4 billion to almost 7.8 billion. This officially raised the charter capital from VND 53,700 billion to over VND 77,669 billion.
VietinBank issued nearly 2.4 billion shares to pay dividends to 55,846 shareholders, with an exercise ratio of 44.63%. A total of 27,990 fractional shares will be canceled.
According to VietinBank, the additional charter capital is expected to be fully utilized for business operations, allocated across various activities with a focus on safety, efficiency, and maximizing shareholder value. These areas include infrastructure investment, technology upgrades, service development, credit expansion, investment activities, and other business operations.
Previously, VietinBank also planned to increase its charter capital by issuing shares from the remaining profits of 2023 (VND 12,565 billion) and 2024 (nearly VND 15,600 billion). If all plans are executed, VietinBank’s charter capital will exceed VND 105,000 billion.
On December 23, 2025, Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank, HOSE: HDB) announced the completion of share issuance to pay dividends and issue bonus shares to existing shareholders, increasing its charter capital from VND 38,594 billion to nearly VND 50,053 billion.
HDBank issued nearly 964.9 million shares to pay dividends to 29,637 shareholders, with a dividend share ratio of 25%. Additionally, the bank issued nearly 181 million shares to increase equity from owner’s equity for 29,637 shareholders, with a distribution ratio of 4.69%.
All 18,448 fractional shares were donated to the HDBank Trade Union. The share transfer is scheduled for Q1/2026 after completing the necessary procedures. This will increase HDBank’s outstanding shares from nearly 3.86 billion to over 5 billion.
On December 25, 2025, Sai Gon Industrial and Commercial Joint Stock Bank (Saigonbank, UPCoM: SGB) also announced the results of its share issuance to increase charter capital from undistributed accumulated profits.
Saigonbank issued over 22 million shares to 3,343 existing shareholders, with an issuance ratio of 6.5%. A total of 1,223 fractional shares will be canceled. This increased the voting shares from nearly 339 million to almost 361 million, raising the charter capital from VND 3,388 billion to VND 3,608 billion.
Saigonbank stated that the additional charter capital will be used for infrastructure investment, technology upgrades, digital transformation, IT infrastructure modernization, credit expansion, capital trading, and other banking activities.
Vietnam Thuong Tin Commercial Joint Stock Bank (VietBank, UPCoM: VBB) recently announced the results of its public offering of 270.94 million shares at VND 10,000 per share.
As of December 19, 2025, 255.86 million shares were distributed to 603 investors, representing a distribution rate of 94.44%. The remaining 15 million unsold shares will be canceled, and no further offerings will be conducted.
After the issuance, the total proceeds amounted to VND 2,558 billion, increasing VietBank’s charter capital to nearly VND 10,769 billion. The number of outstanding voting shares rose from 821 million to nearly 1.08 billion.
Early Capital Increase Plans for 2026
In other developments, several banks held extraordinary shareholders’ meetings in late 2025 to present capital increase plans for 2026.
At the extraordinary shareholders’ meeting on December 24, National Citizen Commercial Joint Stock Bank (NCB, HNX: NVB) approved a plan to increase charter capital by issuing private shares in 2026.
NCB plans to issue 1 billion shares to raise its charter capital by VND 10,000 billion to VND 29,279 billion. The offering will be conducted in one tranche at a price not lower than VND 10,000 per share for professional securities investors. The issuance is expected to take place in Q2-Q3/2026 and be completed within the year.
Upon completion, NCB’s charter capital will increase from VND 19,280 billion to nearly VND 29,280 billion. The proceeds will be used to supplement capital for lending to corporate and individual customers for production, business, and consumption.
Under the 2023-2025 restructuring plan and 2030 vision (PACCL), NCB aims to increase its charter capital to VND 23,500 billion by 2029. In 2025, NCB completed its third capital increase in four consecutive years, raising its charter capital to VND 19,280 billion.
At the extraordinary shareholders’ meeting on December 26, Vietnam Prosperity Joint Stock Commercial Bank (BVBank, UPCoM: BVB) approved a plan to increase charter capital by up to VND 3,504 billion through two methods.
Under Method 1, BVBank plans to issue 320.41 million shares to existing shareholders at a ratio of 2:1 (shareholders holding 2 shares will receive 1 right, and 2 rights can purchase 1 new share). Shareholders cannot transfer their purchase rights. The issued shares will be unrestricted. The offering price will not be lower than VND 10,000 per share.
The expected VND 3,204 billion proceeds will be used to supplement lending capital. The issuance is planned for 2026.
Under Method 2, BVBank plans to issue 30 million shares under an Employee Stock Ownership Plan (ESOP). The offering targets bank employees and subsidiaries’ employees as approved by the Board of Directors. The expected VND 300 billion proceeds will also be used to supplement lending capital.
If both issuances are completed, BVBank’s charter capital will increase from VND 6,408 billion to VND 9,912 billion.
Overall, the capital increase race in 2026 is expected to intensify as banks expand their scale to meet capital safety requirements.
– 10:34 27/12/2025
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