Vietcombank has approved a plan to issue more than one billion shares and left open the possibility of establishing a presence in Việt Nam’s international financial centre, at its 2026 annual general meeting held on April 24 in Hưng Yên.

Vietcombank’s 2026 Annual General Meeting of Shareholders

Maintaining leadership with strong financial fundamentals

In 2025, Vietcombank continued to maintain its leading position in the banking system in terms of both scale and operational efficiency, while effectively controlling asset quality and safety indicators.

The chairing board presides over the meeting

Total assets exceeded VNĐ2.4 quadrillion (US$95 billion), up around 17 per cent compared to the end of 2024. Customer deposits in Market I reached approximately VNĐ1.7 quadrillion, an increase of more than 10.4 per cent.

Outstanding credit grew by 15 per cent to around VNĐ1.7 quadrillion. Consolidated pre-tax profit surpassed VNĐ44 trillion, rising 4.2 per cent year-on-year.

Efficiency indicators remained strong, with return on assets (ROA) at about 1.6 per cent and return on equity (ROE) above 16 per cent. Vietcombank continued to be the largest listed bank by market capitalisation in Việt Nam’s stock market.

The bank maintained a non-performing loan (NPL) ratio below 1 per cent, significantly lower than the industry average, alongside a high loan-loss coverage ratio. Its capital adequacy ratio met Basel II standards and is gradually moving towards Basel III compliance.

Vietcombank also retained the highest credit ratings among Vietnamese banks, in line with the sovereign ceiling, as assessed by S&P Global Ratings, Moody’s and Fitch Ratings.

Vietcombank’s management presents key proposals and reports to shareholders

Approving 2026 plan and key decisions on capital and expansion

The AGM approved all resolutions with a high level of consensus, laying the foundation for the implementation of the bank’s 2026 business plan.

Vietcombank targets asset growth in line with credit expansion, with outstanding loans projected to increase by around 10 per cent and not exceeding the cap of 13 per cent set by the State Bank of Vietnam. The NPL ratio is expected to be kept below 1.5 per cent.

Shareholders cast votes and access meeting information via the VCB DigiVote application

The discussion session records numerous questions and opinions from shareholders

A key proposal approved at the meeting was the plan to increase charter capital using reserve funds. The bank will issue up to more than 1.068 billion shares to existing shareholders at a par value of VNĐ10,000 per share, equivalent to a maximum total issuance value of over VNĐ10.686 trillion.

Shareholders also approved the appointment of Nguyễn Ngọc Minh, Deputy Director of the Foreign Exchange Management Department at the State Bank of Vietnam, as a member of Vietcombank’s Supervisory Board for the 2023–2028 term.

The chairing board directly addresses shareholders’ questions

In addition, the AGM endorsed a policy to establish a wholly domestically owned commercial bank of Vietcombank within Việt Nam’s international financial centre, with an initial charter capital of VNĐ3 trillion.

This direction is expected to open up new development space for the bank, enabling it to participate more deeply in regional and global financial value chains within a specialised legal framework.

Vietcombank’s leadership congratulates Nguyen Ngoc Minh (third from left) on his election to the Supervisory Board for the 2023–2028 term

The meeting also included a discussion session that recorded numerous questions and opinions from shareholders, which were addressed directly by the chairing board.

VCB News