Vietnamese banks raise nearly 7 billion dollars to support economic growth of almost 10%

Kaohoon··VNJPKR·Read original
3▲0 ▼0Impact / 5
Summary · why it matters

Several of Vietnam's largest commercial banks have announced major fundraising plans worth nearly 7 billion US dollars to support economic growth that expanded by almost 10% in the third quarter of 2026 and to prepare for Basel III standards due to take effect by 2030. The fundraising is also being boosted by Vietnam's stock market being upgraded to emerging market status last month. Vietnamese authorities have begun easing regulations by allowing some domestic financial institutions to raise their foreign ownership cap to as much as 49%, up from the general ceiling of 30%, while limiting any single investor's stake to no more than 20%, and they are steadily expanding foreign borrowing limits. Large banks such as Vietcombank and BDV are pressing ahead with plans to sell billions of dollars in shares to attract global partners from Japan and South Korea. Fitch warned, however, that the massive sums raised may not immediately lift capital levels, because the cash obtained is often quickly channeled into new lending, suggesting these financial institutions may need to raise more capital in the near future.

Off-coverage companies 3

Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank)i
Private▲ PositiveCapitalrelevance

Vietcombank is pressing ahead with plans to sell billions of dollars in shares to attract global partners from Japan and South Korea.

Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV)i
Private▲ PositiveCapitalrelevance

BIDV is pressing ahead with plans to sell billions of dollars in shares to attract global partners from Japan and South Korea.

Fitch Ratingsi
Private± MixedRegulationrelevance

Fitch warns the capital raised may not immediately lift capital levels as funds are quickly lent out, implying possible need for more capital.