VietABank listed at 14,250 VND/share
Ho Chi Minh City Stock Exchange (HoSE) has just announced the listing of VietABank shares (code: VAB). VietABank set the reference price for the HoSE listing at VND14,250/share.
Accordingly, more than 539.96 million VAB shares will be officially traded on the HoSE from July 22, with a reference price of VND14,250/share in the first session. The price fluctuation range on the first trading day is 20%.
VAB shares will be traded on UPCoM from July 20, 2021 to July 9, 2025. In the last trading session on UPCoM, VAB shares closed at VND15,200/share, up more than 60% compared to the beginning of the year and the highest level in the past three years.
The listing on HOSE marks a new milestone in the development of VietABank, making the Bank the 21st unit of the banking system with shares officially listed on the exchange. Up to now, HoSE has a total of 18 bank stocks (VCB, BID, CTG, TCB, MBB, VPB, ACB, LPB, HDB, STB, SHB, VIB, SSB , EIB, TPB, MSB, OCB, NAB); HNX has two codes (BAB, NVB).
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| More "king" stocks listed on HoSE. |
Previously, at the end of May 2025, Viet Phuong Group sold 17 million VAB shares through negotiation, thereby reducing its ownership ratio at VietABank from more than 12.2% to 9.06%. This transaction helps the Group meet the regulations on institutional ownership limits under the Law on Credit Institutions amended in 2024.
In addition, Cu Chi Industrial and Commercial Development Investment Joint Stock Company (HoSE: CCI) - where Mr. Phan Van Toi, Vice Chairman of VietABank, is Chairman of the Board of Directors, also registered to sell 2.5 million VAB shares during the period of June 10 - July 8 to increase capital for business operations.
In parallel with the ownership restructuring, VietABank was also approved by the State Bank to increase its charter capital by a maximum of VND2,764 billion by the end of June 2025, through the issuance of shares. If successful, the charter capital will exceed VND8,160 billion.
At the end of the first quarter of 2025, VietABank recorded a profit after tax of VND 292.9 billion, an increase of 44% over the same period. Total assets by the end of March 2025 reached VND 129,046 billion, an increase of 7.7% over the beginning of the year. VietABank's pre-tax profit target for 2025 is VND 1,306 billion, an increase of 20.3% compared to the plan for 2024.
The Board of Directors of VietBank (code: VBB) has just announced the decision to approve the implementation of the plan to list VBB shares on the HoSE. The expected completion time is in the first quarter of 2026 at the latest. Vietbank said that the specific time will be submitted to the Board of Directors for decision based on the License/Approval of the state management agency.
Previously, sharing at the 2025 Annual General Meeting of Shareholders, the Board of Directors of this Bank also said that the 2024 Annual General Meeting of Shareholders approved the listing of VBB shares on the HoSE when the time and market conditions are favorable.
Based on the business performance in 2022, 2023 and the restructuring plan associated with bad debt settlement in the period of 2021 - 2025, VietBank has fully met the conditions prescribed by law on business performance, operational efficiency, financial indicators and governance to list on the stock market.
However, in 2024, the market context and economic environment are not favorable. The stock market is being affected by inflation, interest rate policies and unstable macroeconomic developments, increasing the risks when listing. Therefore, the bank will consider choosing the right time, possibly in 2025 or early 2026 to ensure optimal stock valuation when listed.
VietBank has also just passed a resolution on the plan to offer shares to the public that was approved at the 2025 Annual General Meeting of Shareholders. Specifically, VietBank plans to offer 270.9 million shares to shareholders (a decrease of 184 shares compared to the plan in the Resolution of the Annual General Meeting of Shareholders due to handling odd shares in the capital increase from equity). The issuance ratio is 100:3, meaning that shareholders owning 100 shares will be able to buy 33 new shares. Implementation time is in the third - fourth quarter of 2025.
With the issuance price of VND10,000/share, VietBank is estimated to collect VND2,709.4 billion from the offering. This amount will be prioritized for lending to individual customers, then lending to small and medium-sized enterprises, and finally lending to large enterprises. If this issuance is completed, VietBank will continue to increase its charter capital to VND10,919.7 billion.
Previously, on June 30, VietBank completed the issuance of 107.09 million bonus shares to 1,777 shareholders to increase equity capital from equity capital in 2025. The remaining 558 odd shares were canceled. The issuance source includes VND247 billion from the charter capital supplementary reserve fund and VND823.9 billion from accumulated undistributed profits.
The exercise ratio is 100:15, meaning that shareholders who own 100 shares will receive 15 new shares. The issued shares are not subject to transfer restrictions. After completing the issuance, Vietbank increased its charter capital from VND7,139.4 billion to VND8,210.3 billion.
At the end of the first quarter of 2025, VietBank's pre-tax profit reached more than VND 248 billion, after-tax profit reached VND 198 billion, 3.4 times higher than the same period last year. This result mainly came from net interest income increasing by 56% over the same period, reaching nearly VND 703 billion. Currently, VBB shares are being traded on the UPCoM market, at the end of the session on July 14, VBB shares stopped at a market price of VND 11,000/share, up 39.5% compared to the beginning of the year.
"King" stocks rise again
The 2025 annual general meeting of shareholders of KienlongBank (code: KLB) also approved the plan to list shares on the Hanoi Stock Exchange (HNX). KienlongBank said that listing shares is necessary to prove that the bank is increasingly transparent in its operations, and its operational capacity and competitiveness are enhanced.
The plan to list shares is a very important task and the Board of Directors of KienlongBank will urgently implement procedures to speed up the listing. KienlongBank's leaders said that the Bank is urgently completing the process, but the procedures will need approval from competent State agencies. The goal is to complete it in the fourth quarter of 2025.
However, KienlongBank had previously decided to withdraw its application to list shares on the HoSE in January 2023. The main reason given was that market developments were not favorable for the listing and the interests of shareholders.
Similarly, the 2025 Annual General Meeting of Shareholders of BVBank (code: BVB) also approved the plan to move the floor from UPCoM to HoSE this year. In fact, the plan to move the floor was approved by the bank's shareholders at the shareholders' meeting last year, but due to the unfavorable market situation, the Bank has not yet carried out the procedures related to the floor transfer.
BVBank's Board of Directors believes that in 2025 the economy will recover and the stock market will develop in a more positive direction than in 2024, so the Board of Directors will continue to submit to shareholders a plan to list BVB shares on HoSE.
According to the plan, Saigonbank (code: SGB) will also list its shares on HoSE or HNX in the near future. Mr. Vu Quang Lam, Chairman of Saigonbank's Board of Directors, said that Saigonbank's financial indicators have met the conditions for listing shares on HoSE and the Bank has signed a contract with a consulting company to transfer shares. Although Saigonbank's leaders want to list shares soon, they believe that "this is a long and complicated process" so there must be a roadmap, time and market conditions to allow it.
Along with the recovery of the stock market and information about listing shares on the stock exchange, many private bank stocks in this period are really impressive such as NVB increased by 73% since the beginning of 2025, VAB increased by 63%, KLB and SHB both increased by more than 56%. The codes TCB, STB, MBB again marked the number of times breaking price records. TCB with an increase of 43.2% has broken the price record 17 times in 2025. STB and MBB are also having the most number of times surpassing the peak - 23 times surpassing the peak.
The reason why "king" stocks have increased strongly again is expected next year when the credit "room" is completely removed and Resolution 42 on bad debt handling is legalized.
According to VIS Rating, banks with strong retail operations such as ACB, HDB, OCB, VIB, VPB, MBB will be the ones to benefit directly as the new Law helps to process collateral assets faster, reduce provisioning pressure and improve profitability. In addition, the positive business results in the first half of the year reported by banks have a positive impact on the "king" stock.
Meanwhile, analysts say the "king" stock is trading at a P/B of 1.3 times its 2025 projection, with a projected ROE of 16%. This P/B is nearly 2 standard deviations lower than the 5-year historical average P/B of the banking industry (while for foreign investors, banks with a ROE of 16% can be traded at a P/B of over 2 times).
Source: https://baodautu.vn/them-nhieu-co-phieu-vua-niem-yet-san-h0se-d331097.html
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