Vietcombank 2025 Shareholders' Meeting will issue more than 543 million private shares, strengthen senior personnel

On April 26, 2025, Joint Stock Commercial Bank for Foreign Trade of Vietnam ( Vietcombank - code: VCB) successfully held the 2025 Annual General Meeting of Shareholders (AGM) at Vietcombank Human Resources Training & Development School, Ecopark urban area, Hung Yen.

The congress approved many important contents related to the completion of leadership personnel, the plan to issue individual shares to increase charter capital, and the orientation and business plan for 2025.

Strengthening senior staff, consolidating management foundation

The General Meeting of Shareholders approved the election of two additional members of the Board of Directors for the 2023-2028 term, Mr. Kohei Matsuoka and Ms. Hoang Thanh Nhan. Before becoming a member of the Board of Directors of Vietcombank, Mr. Kohei Matsuoka was an Executive Member of Mizuho Bank and Co-Head of Asia Business Management at the Global CIB Coordination Department, Mizuho Bank Global Headquarters and Ms. Hoang Thanh Nhan was Editor-in-Chief of the State Bank.

At the same time, the General Meeting of Shareholders dismissed Mr. Shojiro Mizoguchi - Member of the Board of Directors and Deputy General Director from the position of Member of the Board of Directors. With the above decisions, Vietcombank's Board of Directors now has 10 members, continuing to ensure professional structure, experience and modern management strategy.

The Congress also elected Mr. Tran Sy Manh - Head of Planning Department, Vietcombank Head Office as a member of Vietcombank's Supervisory Board, replacing Mr. Trinh Ngoc An, who was dismissed at his personal request. The term of office of the newly elected member of the Board of Directors and Supervisory Board is the remaining term of the 2023-2028 term.

The consolidation of the leadership team takes place in the context of Vietcombank strongly promoting digital transformation, expanding its domestic and international network of operations, and pioneering green growth. Strengthening governance and management capacity is a strategic step, helping Vietcombank improve operational efficiency, increase competitiveness, ensure sustainable development and increase long-term value for shareholders.

Annual General Meeting of Shareholders 2025

Approved plan to issue 543.1 million private shares to increase charter capital

One of the key issues at the shareholders’ meeting was to approve the plan to issue individual shares to increase charter capital. Accordingly, the bank plans to offer up to 6.5% of its outstanding shares, equivalent to a maximum of 543.1 million shares, to no more than 55 investors, including strategic investors and professional securities investors. The total offering value at par value is estimated at VND5,431 billion.

The issuance plan can be flexibly implemented in one or more phases during the 2025-2026 period, based on market developments and actual demand from investors. According to regulations, privately issued shares will be restricted from transfer for at least 3 years for strategic investors and 1 year for professional securities investors.

After completing this plan, Vietcombank's charter capital will increase from nearly VND83,557 billion to nearly VND88,988 billion, continuing to maintain its position as the bank with the largest charter capital in Vietnam. This creates a solid foundation for Vietcombank to increase its competitiveness, expand its operations and invest in depth in strategic projects.

Currently, Vietcombank is the bank with the highest charter capital in the system after issuing more than 2.76 billion shares to pay dividends, increasing its charter capital to VND83,557 billion. The capital for issuing shares is taken from the remaining profit after tax and after setting aside funds until the end of 2018, along with the remaining profit of 2021.

Mr. Nguyen Thanh Tung - Chairman of Vietcombank's Board of Directors delivered the opening speech at the Congress.

Target to increase total assets by 10% associated with green strategy - digital

Following the outstanding achievements in 2024, Vietcombank enters 2025 with the orientation of in-depth, effective and sustainable development, associated with comprehensive digital transformation and green growth. The Bank is determined to implement the motto of action: "Innovation, efficiency, sustainability", the guiding viewpoint of management "Responsibility - Discipline - Connection - Creativity". The Bank aims to achieve the highest goals and targets set out in Vietcombank's Development Strategy to 2025 and the Restructuring Plan associated with Vietcombank's bad debt settlement in the period of 2021-2025; at the same time closely following the directions of the Government and the State Bank.

In 2025, the bank targets total asset growth of about 10% and adjusts accordingly to the assigned credit growth rate, maximum outstanding credit balance of 16.28% and implemented according to the announcement of the State Bank; capital mobilization from market 1 increases by 8% in line with credit demand. The bad debt ratio continues to be controlled below the threshold of 1.5%, reflecting the commitment to maintaining asset quality and effective risk management.

In particular, in the coming period, Vietcombank will vigorously implement the green growth and sustainable development strategy, continue to affirm its leading, leading, and pioneering role in the national financial system in implementing Environmental - Social - Corporate Governance (ESG) standards, actively contribute to the sustainable development of the economy and gradually affirm its position in the international arena.

In 2024, Vietcombank will maintain its position as the leading commercial bank in Vietnam in terms of financial capacity, with high growth scale, controlled credit quality, and outstanding business efficiency. Vietcombank's total assets will reach VND 2.1 million billion, up 13% compared to 2023. Outstanding credit balance is approximately VND 1.5 million billion, up 14% compared to 2023, within the credit growth limit assigned by the State Bank. Total capital mobilization will reach about VND 1.5 million billion, up 8% compared to 2023. Vietcombank continues to strictly control credit quality and promote bad debt handling. On-balance sheet bad debt is VND 13,964 billion, bad debt ratio is 0.96%, risk reserve fund balance is VND 31,183 billion. The provision ratio covering on-balance sheet bad debt is 223%, the highest among large banks in Vietnam. Market-leading profit scale. In 2024, Vietcombank will also be the first bank to successfully issue VND2,000 billion in green bonds in compliance with international standards and regulations in Vietnam.

Vietcombank's market capitalization by the end of 2024 will reach about 21 billion USD, continuing to be the listed enterprise with the largest capitalization in Vietnam, in the top 100 listed banks with the largest capitalization globally.

With a clear strategic orientation, a strong financial foundation and a well-rounded leadership team, Vietcombank continues to affirm its position as a leading bank, a pioneer in innovation, for a safe - transparent - modern financial system, accompanying the country's development in the new era.

Vietnam Russia

Source: https://congthuong.vn/dhdcd-vietcombank-2025-se-phat-hanh-543-trieu-co-phieu-rieng-le-kien-toan-nhan-su-cap-cao-385014.html