VIETNAM CHAMBER OF COMMERCE AND INDUSTRY
Liên Đoàn Thương Mại Và Công Nghiệp Việt Nam
Sat, Aug 14, 2021, 07:05:00
VPBank is set to triple its capital to VND75 trillion ($3.29 billion) next year, which will make it highest of any Vietnamese bank’s.
It plans to issue new shares to existing shareholders at a rate of 80 percent, its management told analysts and stock investors Thursday.
The bank will also make a private placement of a 15 percent stake to a foreign strategic partner to increase its capital.
Its current charter capital is VND25.3 trillion.
Vietnam’s biggest lender by charter capital is BIDV (VND40.2 trillion).
VPBank’s pre-tax profits for the first half of 2021 jumped by 37 percent to VND9.04 trillion.
The bank is also eyeing new businesses such as investment banking and wealth management.
