HCMC – Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) plans to attain credit growth of 15-16% this year, according to documents for its annual general meeting of shareholders slated for April 27.
The bank will also adjust its capital mobilization strategy to comply with loan-to-deposit ratio (LDR) regulations.
BIDV aims to align its pre-tax profit target with approvals from authorities and keep its non-performing loan (NPL) ratio below 1.4%.
Shareholders will vote to add one board member and one supervisory board member for the 2022-2027 term. The board currently has 10 members, led by Phan Duc Tu, while the supervisory board has four members, headed by Ta Thi Hanh.
The meeting agenda includes a proposal to increase charter capital, a plan for public bond issuance, the 2025 operating budget, and remuneration policies for board and supervisory board members.
Last year, BIDV issued nearly 1.2 billion shares for dividend payment, raising its charter capital by nearly VND12 trillion to VND69 trillion. In February 2025, the bank completed the issuance of 123.8 million shares via private placement to professional investors at an average price of VND38,800 per share.
Closing the trading session today, March 17, its BID shares edged down by 0.12% to VND40,350, with a matching volume of over 3.3 million shares.
The VN-Index ended higher on Monday, gaining 10.11 points, or 0.76%, to close at 1,336.26 points, as foreign investors returned to net buying after a previous session of net selling.
Trading volume reached over 971.3 million shares, valued at more than VND20.67 trillion, falling 5.2% and rising 9.9%, respectively, over the previous session. Market breadth showed 270 gainers and 185 decliners. Foreign investors recorded net purchases of nearly VND130 billion on the Hochiminh Stock Exchange.
VCB led foreign buying with net inflows of over VND163.69 billion, followed by VCI at nearly VND68.44 billion. VHM and VIC also saw net purchases of around VND65 billion and VND47 billion, respectively.
FPT recorded the highest net selling by foreign investors at over VND270 billion. Other stocks under net selling pressure included BCM, HPG, PNJ, and DGC, with outflows at between VND40 billion and VND49 billion.
VCB rose by 1.97% to VND67,300 per share, contributing 1.81 points to the main index. VPB, BCM, and HVN added 1.2 points, 0.7 point, and 0.5 point, respectively.
The VN30-Index, which tracks the 30 largest-cap stocks, climbed 7.87 points to 1,394.9 points. The VN30 basket had 17 advancers and nine decliners.
Lender SHB took the lead by liquidity with nearly 94.6 million shares, followed by VPB with a volume of over 71.5 million shares.
On the Hanoi Stock Exchange, the HNX-Index advanced 4.04 points, or 1.66%, to 246.77 points, with 115 winners and 64 losers. Trading volume totaled more than 56.45 million shares worth a total of VND1 trillion.
