HCMC – The State Bank of Vietnam has permitted Saigon-Hanoi Commercial Joint Stock Bank (HOSE: SHB) to increase its charter capital to a maximum of over VND53.4 trillion under a plan endorsed by shareholders.
SHB will raise capital through three channels: a public share offering to existing shareholders, a private placement to professional securities investors, and an employee stock ownership plan (ESOP), reported the Vietnam News Agency.
After completing the plan, the bank expects to be among the four largest private joint-stock commercial banks in Vietnam by charter capital.
In 2025, SHB recorded pre-tax profit of over VND15 trillion, up 30% from a year earlier.
As of December 31, 2025, its total assets reached nearly VND892.6 trillion. The bank is planning to take the number to VND1 quadrillion this year.
Closing the trading session today, March 3, SHB edged down 0.96% to VND15,500, with nearly 53.2 million shares changing hands.
The VN-Index dropped 32.96 points, or 1.79%, to 1,813.14 at the close on the Hochiminh Stock Exchange, led by sharp losses in Vingroup-related stocks.
The southern bourse recorded 120 winners and 214 losers. Trading volume totaled more than 1.3 billion shares worth VND43.74 trillion, down 16% in volume and 7% in value from the previous session. Block deals accounted for 82.8 million shares valued at VND3.59 trillion.
Vingroup-related stocks weighed heavily on the market. VRE and VPL each fell 5.2%, closing at VND26,350 and VND75,900, respectively. VIC and VHM hit their daily floor prices at VND155,500 and VND93,500. The four stocks together took away 26 points from the benchmark index.
Other large-cap stocks extended losses. TCB declined 3% to VND33,600, while VNM fell 3.7% to VND43,500. MWG, VCB, VPB, MBB, SAB, CTG, HPG, VJC and FPT dropped between 2% and nearly 3%.
In contrast, energy shares advanced. GAS and PLX both hit their daily ceiling prices at VND123,400 and VND66,100. GVR also rose to its upper limit at VND45,750.
A range of energy, oil and gas, chemical and transport stocks moved higher, with many climbing to their upper daily limits with strong matched volumes.
POW led the market by liquidity with more than 72.1 million shares traded, the highest on the exchange.
Real estate, industrial and construction stocks were among the biggest losers. FIR hit its floor price, while other stocks fell between 3% and over 6%.
On the Hanoi Stock Exchange, the HNX-Index edged up 1.01 point, or 0.39%, to close at 260.01. The exchange saw 88 gainers and 75 decliners, with matched volume reaching 116.9 million shares valued at VND2.94 trillion.
