Multiple listed companies announce capital raising plans, drawing investors

Multiple listed companies announce capital raising plans, drawing investors.

Multiple listed companies on the stock market are set to announce their charter capital raising plans at the upcoming general meetings of shareholders.

Among the listed companies, the banking group seems to have been the most eager.

Vietnam International Bank (VIB) has attracted great attention from investors with its plans for a capital increase, profit growth, and bad debt reduction.

VIB plans to increase its charter capital to over VNĐ21 trillion (US$918 million) through the distribution of bonus shares at the rate of 35 percent of charter capital to existing shareholders, and 0.7 percent of equity sources to employees under the Employee Stock Ownership Plan (ESOP) program.

In 2022, VIB sets a profit target of VNĐ10.5 trillion, an increase of 31 percent compared to 2021. The targets for total assets, total credit balance, and capital mobilization all increased by 30 percent, respectively to VNĐ402.5 trillion, VNĐ265.6 trillion, and VNĐ280.6 trillion.

The bank also aims to control the bad debt ratio below 3 percent, the capital adequacy ratio (CAR) calculated according to Basel II standards above 10 percent. The return on assets (ROA) and return in equity (ROE) are expected to be 2.4 percent and 29.5 percent, respectively.