VietABank submits application for listing on HOSE

Ho Chi Minh City Stock Exchange (HOSE) announced that it has received the listing registration dossier of VietABank Joint Stock Commercial Bank (VietABank - Code: VAB).

The number of shares registered for listing is nearly 540 million units, equivalent to a charter capital of nearly VND 5,400 billion. Currently, VAB shares are being traded on the UPCoM stock exchange. At the 2025 annual meeting held at the end of April 2025, VietABank General Director Nguyen Van Trong said that the Bank has officially submitted its application to the HOSE and has received the document.

Up to now, the HOSE floor 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). Meanwhile, the HNX has only 2 stocks (BAB, NVB) and UPCoM has 7 stocks including: Vietbank, Kienlongbank, Saigonbank, BVBank, ABBank, PGBank and VietABank.

VietABank submits application for listing on HOSE

According to VietABank, the listing of shares aims to enhance the prestige, position and brand of VAB, facilitate stock trading, and at the same time take advantage of opportunities to attract investment capital, promote the Bank's activities to foreign strategic investors and international financial institutions. It is expected that in the third quarter of 2025, the transfer of the floor will be successfully carried out, thereby helping to make stock trading more active.

In 2025, VietABank set a profit target of 1,306 billion VND and doubled its charter capital to more than 11,500 billion VND. The profit target increased by more than 20%, although VietABank assessed 2025 with many challenges such as credit risk, market risk in the context of the uncertain world economy , the board of directors submitted to shareholders for approval of the profit plan of 1,306 billion VND.

At the same time, VietABank aims to increase total assets by 7.1% to nearly VND128,381 billion. Of which, outstanding credit balances will increase by 10.3% to VND88,110 billion. Customer deposits and issuance of valuable papers are expected to increase by 9.3% to VND101,007 billion. The bad debt ratio will be controlled below 3%. At the end of last year, VietABank's bad debt ratio was at 1.37%, which is relatively low among small-scale banks.

At the end of the first quarter of this year, VietABank recorded pre-tax profit of VND352.9 billion, up 42.5% over the same period. The growth momentum came from core business activities with net interest income increasing by 13.5% and credit risk provision expenses decreasing. As of March 31, VietABank's total assets were VND129,046 billion, up 7.7% over the same period. Customer loans reached VND84,910 billion, up 6.3%. The bank's loan growth mainly came from loans to domestic economic organizations and individuals.

According to the updated list of shareholders owning 1% or more of the Bank's capital on November 16, 2024, VietABank has two major institutional shareholders: Viet Phuong Investment Group Joint Stock Company owning 12.21% and Hoa Binh Development Investment Joint Stock Company holding 5.52% of VietABank's capital.
Other institutional shareholders such as the Ho Chi Minh City Party Committee Office owns 4.97%, Saigon Jewelry Company Limited - SJC owns 2.77%, and Cu Chi Industrial and Commercial Development Investment Joint Stock Company owns 1.2%.

As for other individual shareholders, Mr. Phuong Huu Viet - Chairman of Viet Phuong Group owns 4.55%, Mr. Tran Tien Dung - Member of the Board of Directors and Deputy General Director of VietABank owns 1.02% and Ms. Do Thi Ngoc Ha - sister-in-law of Ms. Phuong Minh Hue (General Director of Viet Phuong Group) owns 0.13%.

Source: https://baodautu.vn/vietabank-nop-ho-so-niem-yet-tren-san-hose-d287075.html