Vietnamese banks have been in a race to add capital this year. This bank capital increases are expected to accelerate further in the coming year. A wave of capital-raising deals Recent weeks have seen a surge in capital increase announcements by banks. BIDV has received approval to increase its charter capital by over VND11 trillion, taking its total to nearly VND70 trillion. The bank plans to issue shares to pay a dividend by the first quarter of 2025, using its profits that have been retained since 2022. Meanwhile, Vietcombank secured approval from the National Assembly for a state capital injection of nearly VND20.7 trillion to maintain the ratio of state ownership. The funds will be sourced from stock dividends, utilizing profits retained until 2018 and remaining earnings from 2021. Mid-sized banks are also actively joining this trend. Eximbank raised its charter capital by VND1.2 trillion to around VND18.7 trillion by the end of November. SEABank followed suit, increasing its capital by VND3.4 trillion to VND28.35 trillion. Both banks chose to issue shares to pay a dividend as their preferred method of raising capital. Smaller banks are also making notable strides in raising capital. NCB recently announced the successful completion of […]