Analysts have predicted that after a lull in 2023, a number of Vietnamese banks will once again increase their issuance of shares to foreign investors, some of which may close deals within this year.。

Vietcap Securities Company (VCSC) also said in a recently released analysis report that Vietnam's economic growth is expected to accelerate in 2024, and financing activities will be more active from the second half of 2024.。

Among them, Vietnam Commercial Bank (Vietcombank), Vietnam International Development Bank (BIDV) and People's Bank of Vietnam (LPBank) are expected to raise new capital through private placement in 2024, with a total value of 64.9 trillion VND (about 26.$300 million)。

According to the plan approved by Vietcombank2023 Annual General Meeting (AGM), the bank will conduct a private placement between 2023 and 2024 to issue 6 shares to foreign investors..5% of the shares。

At the recent Extraordinary Annual General Meeting of Shareholders, BIDV also approved an adjustment to the specific implementation time of the bank's 2023 plan to increase its registered capital by issuing additional shares.。Specifically, the General Meeting of Shareholders decided to postpone the implementation until 2024.。Under the plan, BIDV will issue additional 4.5.5 billion shares。BIDV has not disclosed the details of the offering plan, but has already drawn up a private placement plan for foreign investors.。

In addition to state-owned banks Vietcombank and BIDV, private banks such as LPBank, SHB and HDBank are also planning to issue shares to foreign investors in 2024.。

LPBank is gradually implementing a plan to issue 300 million shares to foreign investors in a private placement, the exact timing of which will be decided by the bank's board of directors after approval by national authorities.。For shares offered to foreign investors, the transfer period is three years for strategic investors and one year for professional securities investors.。

Do Quang Hien, chairman of SHB, told the bank's shareholders that SHB's additional share issuance to foreign investors would be completed by 2023 or early 2024.。Earlier, at SHB's 2023 shareholders' meeting, the bank approved a capital increase plan to continue issuing shares to foreign investors and foreign strategic investors.。

At a recent investor conference, Hoang Thanh Tung, director of investment relations at HDBank, said that HDBank had made the necessary preparations for the capital increase issue, reserving about 10% of the foreign ownership space for strategic partners.。

According to Hoang Thanh Tung, many foreign partners from South Korea, Europe and the United States have so far shown a strong interest in cooperation with HDBank.。HDBank has always been positioned to select investors to issue capital and attract strategic shareholders, so that it can meet development needs on the basis of improving its financial strength and ensure the central bank's capital adequacy and liquidity requirements.。