Vietnamese banking giants race to secure billion-dollar capital.
Six Vietnamese banks with charter capital exceeding VND 70,000 billion are all planning a spectacular breakthrough in charter capital size in 2026, with five of them aiming to surpass VND 100,000 billion for the first time.
As of December 31, 2025, six domestic commercial banks had reached charter capital exceeding VND 70,000 billion, namely: Vietcombank (VND 83,557 billion), MB (VND 80,550 billion), VPBank (VND 79,339 billion), VietinBank (VND 77,669 billion), Techcombank (VND 70,862 billion), and BIDV (VND 70,213 billion).
The top six banks have had their plans to increase charter capital approved by their 2026 Annual General Meetings of Shareholders this year, sparking a race for charter capital size among major banks. The ranking in terms of capital size will also change by the end of this year.
Specifically, VietinBank, VPBank, Techcombank , BIDV, and MB are expected to have charter capital exceeding 100,000 billion VND.
Techcombank is expected to surge from its current 5th position to the top of the system in terms of charter capital by issuing over 4.28 billion shares from its equity capital to existing shareholders, at an issuance ratio of 60% (shareholders owning 100 shares will receive an additional 60 new shares). This plan will increase Techcombank's charter capital by VND 42,517 billion.
In addition, the bank also issued more than 35.8 million ESOP shares with a par value of VND 10,000 per share to increase its charter capital by VND 358.7 billion.
After completing the two issuance rounds, Techcombank's charter capital is expected to increase by VND 42,876 billion, from VND 70,862 billion to VND 113,738 billion.
VPBank 's ranking in terms of charter capital size will also improve by one position, from third to second, as the bank approves a plan to increase its charter capital from over VND 79,339 billion to over VND 106,000 billion through two rounds of bonus share distribution at a rate of 26.04% and a private placement to foreign shareholders.
For VietinBank , the charter capital is expected to increase to over 105,000 billion VND after using all remaining profits after allocating funds to distribute dividends in the form of shares. However, this plan requires approval from the competent authorities.
Meanwhile, BIDV announced that it has completed a private placement of over 258 million shares to investors, representing 3.75% of its outstanding shares.
BIDV is currently continuing to implement a plan to increase capital from its capital reserve fund and retained earnings from 2023.
If the authorities approve the plan to distribute dividends in shares, BIDV could increase its charter capital to over 105,000 billion VND.
The Military Bank (MB) also approved a plan to increase its charter capital by over 100 billion VND, from 80,550 billion VND to a maximum of 102,687 billion VND, a corresponding increase of 27.5%.
MB's capital increase plan is being implemented in three main components: paying dividends in shares, offering shares to existing shareholders, and a private placement.
Vietcombank is also joining the race for massive capital increases, with its General Shareholders' Meeting approving a plan to increase its charter capital from its capital reserve fund. Specifically, the bank plans to issue up to more than 1 billion shares, thereby increasing its charter capital by up to 10,687 billion VND.
After completing its plan this year, Vietcombank's charter capital will increase from VND 83,557 billion to nearly VND 94,000 billion. However, given the breakthroughs of other banks, Vietcombank may lose its leading position and drop to sixth place.
According to the banks, increasing charter capital aims to strengthen financial capacity, meet safety indicators, improve risk management, and create room for expanding investment and developing business operations.
Smaller banks are also accelerating their operations.
Besides the race for billion-dollar valuations, the pressure to meet Basel III standards is also driving smaller banks to race to increase capital this year. Among them, National Commercial Bank (NCB) has just approved a plan to increase its charter capital by 10,000 billion VND through a private placement to strengthen its financial capacity, bringing it to 29,279 billion VND.
NCB's Chairwoman, Ms. Bui Thi Thanh Huong, stated that if the capital increase plan is completed, it will be one of the important factors helping the bank have a solid financial foundation, improve the cost of capital; and especially ensure compliance with capital adequacy ratios as regulated.
In terms of capital increase rate, NCB is the bank with the strongest growth, with its charter capital tripling in just two years.
Orient Commercial Bank (OCB) plans to issue bonus shares at a rate of 15%, equivalent to over 399 million shares and a total issuance value of nearly VND 4,000 billion, thereby increasing its charter capital to over VND 30,625 billion. The issuance is expected to take place in 2026, immediately after approval from the relevant authorities.
Meanwhile, at Viet Capital Bank (BVBank), the charter capital is expected to increase by VND 3,504 billion in 2026 through a public offering of shares at a ratio of 2:1 and an employee stock ownership plan (ESOP). The total charter capital after the increase will be VND 9,912 billion.
In addition, banks such as ABBank and VietBank have also approved plans to increase their capital to VND 13,400 billion and VND 15,500 billion respectively.
