For the first time in the history of Vietnam’s stock market, a company has more than 8 billion shares

On March 13, Vietcombank (VCB) will close the list of shareholders to distribute a 49.5% dividend in shares, issuing nearly 2.77 billion shares, raising the total to nearly 8.36 billion, the first time in Vietnam’s stock history for a company to reach this figure. The charter capital will increase from 55,891 billion VND to 83,557 billion VND, the largest in the market. The issuance source is from retained earnings and dividends. In 2024, Vietcombank is projected to earn 42,236 billion VND before tax, a 2% increase from 2023 due to reduced provisioning costs. Credit growth is 13.7%, total assets exceeding 2 trillion VND. However, bad debt increased by 11% to 13,964 billion VND, but the bad debt ratio slightly decreased to 0.96%. The coverage ratio for bad debts remains high at 223%.