The State Bank of Viet Nam (SBV) has just allowed Maritime Bank (MSB) to raise its charter capital by more than VND3.5 trillion (US$155 million) from the current level to nearly VND15.3 billion through stock dividends.
By issuing stock dividends and private offering from equity and issuing stocks for foreign investors, VPBank is expected to raise its charter capital to VND75 trillion (US$3.3 billion).
Billions of banking stocks are about to flood the market with banks planning to pay stock dividends and issue new shares to raise their charter capital.
In the third quarter of this year Techcombank decided to pay stock dividends for 2017 to its shareholders at a ratio of two shares for each share held.
The managing board of Dat Xanh Real Estate Service & Construction Corporation has approved plans to hike its charter capital to VND3 trillion (US$132 million), and establish a $42 million subsidiary this year.