Vietcombank Plans to Invest VND 694 Billion to Increase Its Stake in MB
MB plans to issue 200 million shares to six domestic professional investors. Vietcombank intends to buy 46 million shares for about VND 694 billion. If completed, its stake in MB is expected to rise to about 4.397%, remaining below 5%.
Military Commercial Joint Stock Bank (MB) plans a private placement of 200 million ordinary shares. Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) intends to buy 46 million shares at VND 15,090 each, an investment of about VND 694 billion representing 23% of the offering. If the transaction is completed, its stake in MB is expected to rise from 4.301% to about 4.397%, remaining below 5%.
Under a plan approved by MB on November 10, 2026, the offering will be made to six domestic professional securities investors and is expected to raise VND 3.018 trillion. The offering price was set based on the book value in MB’s separate financial statements as of September 30, 2026, and is about 21% below the market price of around VND 19,150 per share on the morning of November 13. The shares will be subject to a five-year transfer restriction from the close of the offering. The offering is planned to begin in the fourth quarter of 2026, subject to the relevant conditions being met.
Vietcombank was once a major shareholder in MB, holding about 7.04% at the end of 2016. To comply with restrictions on cross-ownership among financial institutions, it sold about 19.39 million MB shares in December 2018, reducing its stake to 4.98%. It then fell below the 5% threshold for a major shareholder that applied at the time. The proposed purchase would increase its investment in MB again.
If the offering succeeds, MB’s charter capital will increase by VND 2 trillion to about VND 102.687 trillion. MB plans to use about VND 2.5685 trillion of the proceeds for assets and information technology hardware and software, and the remaining nearly VND 449.5 billion for customer lending. The funds are expected to be used between the fourth quarter of 2026 and the fourth quarter of 2027.
Source: VietVance
