According to the bank’s updated list of shareholders, as of August 20, Tianhong Vietnamese Market Equity Launched QDII Fund now holds more than 91 million shares of VPBank (HSX: VPB) or a 1.14 per cent of VPBank's stake.

According to Bloomberg, Tianhong's fund is an open-ended fund incorporated in China. The fund is actively managed and tracks the VN30 Index.

The fund invests at least 80 per cent of total assets in equities, at least 80 per cent of non-cash assets in Vietnam related stocks and depository receipts, and at least five per cent of net assets in cash and government bonds.

A new shareholder, Composite Capital Master Fund LP, holds more than 135 million VPB shares or 1.7 per cent of VPBank's stake as of August 20. Composite Capital Master Fund LP is a hedge fund registered in the Cayman Islands.

According to the bank's list released on July 19, there were 13 individuals and four institutional shareholders owning nearly 5.1 billion shares, accounting for more than 64 per cent of the bank's stake.

Among them, Sumitomo Mitsui Banking Corporation is the bank's sole foreign strategic investor, owning a 15 per cent stake.

In the first six months of the year, VPBank recorded pre-tax profit of VND8.67 trillion ($348.6 million) and after-tax profit of VND6.77 trillion ($272.2 million), up 65 per cent on-year.

As of June 30, VPBank's total assets reached nearly VND864.4 trillion ($34.76 billion), up 18 per cent compared to the end of 2023.

In 2024, VPBank plans to earn pre-tax profit of VND23.2 trillion ($933 million), up 22 per cent on-year, with the bank having achieved 37 per cent of the profit plan after the first half of the year.