The Ho Chi Minh Inventory Trade’s headquarters in HCM Metropolis. (Picture: courtesy of HoSE)
Hanoi (VNS/VNA) – Banks, together with VietBank (VBB) and Việt Capital Financial institution
(BVB), are anticipated to switch from UpCOM alternate to the Ho Chi Minh Metropolis
Inventory Trade (HoSE).
The plans had been accepted at their latest Normal Assembly of Shareholders.
Nguyen Huu Hữu Trung, basic director of Vietbank, mentioned that the itemizing of
VBB shares on the inventory market can show its transparency and strengthen its
operational capabilities to realize the strategic targets from 2023 to 2025.
This 12 months, Vietbank targets revenue earlier than tax of 960 billion VND (40.9 million
USD), a rise of 46% 12 months on 12 months. Complete property are estimated to rise 12%
to 125 trillion VND.
Vietbank additionally plans to lift capital by over 1 trillion VND by issuing shares
at a fee of 21% to present shareholders. After the issuance, the financial institution’s
constitution capital is anticipated to extend from 4.77 trillion VND to five.78 trillion
VND.
In the meantime, Viet Capital Financial institution’s shares shall be listed on HoSE after two years of
buying and selling on UpCoM. This can improve buying and selling circumstances for shareholders whereas
additionally taking a big step towards the longer term.
The financial institution goals to realize a complete property of 86.6 trillion VND, up 10%, with
capital mobilisation from residents and financial organisations, excluding
credit score establishments, up 16% to greater than 69 trillion VND.
ABBank has additionally proposed to record shares on one other buying and selling ground to
shareholders for approval.
ABBank expects revenue earlier than tax to rise considerably by 68% from 2022 to 2.8
trillion VND this 12 months. Its complete property are forecast to advance 5% to 136.8
trillion VND. The financial institution hopes to mobilise from folks and organisations a price
of 93.5 trillion VND, a acquire of two%.
On the Normal Assembly of Shareholders final 12 months, Nam A Financial institution requested
shareholders to approve its itemizing plan; nonetheless, as a consequence of market circumstances,
this plan was postponed to guard shareholders’ pursuits.
Till now, there are 17 banks with shares listed on HoSE, two banks having shares
listed on HNX, eight banks buying and selling on UpCOM, and three banks buying and selling on OTC.
Securities professional Huy Nam mentioned that the swap from UPCoM to HoSE will elevate
the transparency and governance requirements of banks available in the market./.