Specifically, nearly 540 million shares of VAB were registered for listing on the HOSE, equivalent to a charter capital of nearly VND 5,400 billion.
Previously, at the 2025 Annual General Meeting of Shareholders, VietABank’s leadership informed that the listing of shares aims to enhance the prestige, position, and brand value of VAB, facilitate share trading, and seize the opportunity to attract investment capital from foreign strategic investors and international financial institutions.
Currently, the HOSE has a total of 18 bank stock codes (VCB, BID, CTG, TCB, MBB, VPB, ACB, LPB, HDB, STB, SHB, VIB, SSB, EIB, TPB, MSB, OCB, and NAB). In contrast, HNX has only 2 codes (BAB and NVB), and UPCoM has 7 codes (Vietbank, Kienlongbank, Saigonbank, BVBank, ABBank, PGBank, and VietABank).
Viet A Commercial Joint Stock Bank was established in 2003 by merging two credit institutions: Saigon Finance Joint Stock Company and Danang Rural Joint Stock Commercial Bank. VietABank’s initial charter capital was VND 75.72 billion, and by March 2022, the Bank had successfully increased its capital to nearly VND 5,400 billion.
According to the list of shareholders owning 1% or more of the Bank’s capital as of November 16, 2024, VietABank has two large institutional shareholders: Viet Phuong Investment Group Joint Stock Company (12.21%) and Hoa Binh Development and Investment Joint Stock Company (5.52%).
Other institutional shareholders include the Ho Chi Minh City Party Committee Office, holding 4.97%, Saigon Jewelry Company Limited (SJCCo., Ltd.) owning 2.77%, and Cu Chi Industrial and Commercial Development Investment Joint Stock Company with a stake of 1.2%.
Individual shareholders include Mr. Phuong Huu Viet, Chairman of Viet Phuong Group, with a stake of 4.55%, Mr. Tran Tien Dung, Member of the Board of Directors and Vice President of VietABank, holding 1.02%, and Mrs. Do Thi Ngoc Ha, sister-in-law of Ms. Phuong Minh Hue (General Director of Viet Phuong Group), with a stake of 0.13%.
Source: VietstockFinance
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VietABank’s business results have consistently ranked in the lower tier, with pre-tax profits ranging from VND 100-300 billion per year, and only breaking through after trading on the UPCoM (2021), with profits surpassing VND 1,000 billion.
Most recently, in the first quarter of 2025, profits from business activities increased by 6% to VND 440 billion. The bank also significantly reduced credit risk provisions by 48%, with a provision of just over VND 87 billion. As a result, VietABank’s pre-tax profit was nearly VND 353 billion, up 42% over the same period last year.
Compared to the 2025 plan of VND 1,306 billion in pre-tax profit, the Bank has achieved 27% of its target after the first quarter.
| Pre-tax profit of VAB over the years |
On July 20, 2021, nearly 445 million shares of VAB of VietABank officially traded on the UPCoM with a reference price of VND 13,500/share. However, after nearly four years on UPCoM, VAB shares are currently trading around VND 12,200/share (as of May 20, 2025). The average trading volume since the beginning of the year has been just over 900,000 shares/day.
| VAB stock price movement since the beginning of 2025 |
– 09:46 20/05/2025
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