HCMC – The Bank for Foreign Trade of Vietnam (Vietcombank) will finalize its shareholder list on March 13 for a stock dividend of 49.5%.
The bank plans to issue more than 2.76 billion shares. Shareholders will get 495 new shares for every 1,000 shares held. Fractional shares will be canceled.
The dividend will be sourced from after-tax profits remaining at the end of 2018 and from 2021. Upon completion, Vietcombank’s charter capital is expected to increase by around VND27.66 trillion to VND83.56 trillion.
The bank targets growth of at least 10% in total assets in 2025, a 5% increase in pre-tax profit, a credit expansion of 16.28%, and a non-performing loan ratio below 1.5%.
Closing the trading session today, March 6, its VCB shares edged up 0.54% to VND93,500, with over 2.3 million shares changing hands
With 365 winners and 121 losers, the VN-Index climbed by 13.51 points, or 1.04%, to 1,318.22 points. Trading was heavy, with over a billion shares changing hands, totaling around VND22.47 trillion. While volume jumped by 9%, the overall value of trades remained flat. Block deals contributed 80.5 million shares worth VND1.8 trillion to the overall value.
Blue-chips were led by GVR, SSI, and MWG, which gained between 3% and 4%. SSI recorded nearly 45 million shares traded, its highest volume in almost a year. FPT, BVH, VHM, and MBB also advanced.
GAS, PLX, VIB, LPB, and SAB eased between 0.2% and 0.7%. Mid- and small-cap stocks such as JVC, GEE, and VIX ended at their ceiling prices. VIX took the lead by liquidity on the southern bourse with more than 113.2 million shares traded.
BCG and TCD fell over 6%. BCG registered a record matching volume of 94.8 million shares. EIB, which touched its floor price during the session, rebounded and closed slightly higher to VND22,200, trading 41.5 million shares, the most since October last year.
On the Hanoi Stock Exchange, the HNX-Index gained 7.61 points, or 1.1%, to 238.01 points, with 72.9 million shares worth VND1.36 trillion changing hands.
