VPBank completes 2.07 billion share issue: what it means for VPBank stock

Published on 10/15/2026 at 11:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

VPBank completed 2.07 billion shares at a 26.04 percent ratio on October 10, 2026. For VPBank stock, capital now stands at VND 100 trillion.

Capital and earnings timeline

VPBank completed its 2.07 billion share issue on October 10, 2026.
First-half 2026 pre-tax profit reached VND 18.88 trillion, up 68.00 percent year over year.
The next reported earnings date is October 21, 2026, for the third quarter of 2026.

VPBank, VN000000VPB6, Illustration mit AI erstellt.

VPBank (ISIN VN000000VPB6) completed a 2.07 billion share issue on October 10, 2026, lifting its charter capital to VND 100 trillion, according to Baomoi. The transaction changes the scale of the bank's capital base while the next earnings update is scheduled for October 21, 2026.

Capital reaches VND 100 trillion

VPBank distributed 2,066,000,000 shares to 86,299 existing shareholders, equal to a 26.04 percent issue ratio. The nominal value of the issue exceeded VND 20.66 trillion, and the number of shares outstanding rose from more than 7.9 billion to 10 billion, Baomoi reported on October 10, 2026. The completed transaction is the first stage of a broader capital plan.

The next stage could involve a private placement of more than 624 million shares to a foreign investor. The plan would add more than VND 6.24 trillion to charter capital, although the eventual offer price will be set through negotiations.

What does the issue mean for growth?

For VPBank, the larger capital base supports continued balance-sheet expansion, but profitability still depends on the quality of that growth. A September 26, 2026 analysis published by 24HMoney said first-half 2026 pre-tax profit reached VND 18.88 trillion, up 68.00 percent year over year. It also reported second-quarter net interest income of VND 17.97 trillion, up 33.00 percent year over year.

The same analysis identified a counterweight to the earnings growth. Consolidated net interest margin fell to 5.10 percent in the second quarter, while second-category loans rose 21.00 percent quarter over quarter to more than VND 9.20 trillion. That combination leaves funding costs and asset quality as the main tests for the enlarged capital structure.

Three events shape the capital plan

On September 18, 2026, the Vietnam Banks Association reported that VPBank had planned to issue 2,066,076,399 dividend shares, with a September 25, 2026 record date, Vietnam Banks Association said. On September 26, 2026, 24HMoney put first-half pre-tax profit at VND 18.88 trillion, up 68.00 percent year over year. On October 10, 2026, Baomoi reported completion of the issue and a VND 100 trillion capital base.

The next reporting date

The next scheduled reporting date is October 21, 2026, for the third quarter of 2026, according to TradingView. That release should show whether loan growth and broader capital resources are translating into sustainable earnings without a further squeeze on margins.

Capital is the central stock theme

VPBank's October transaction provides a clear capital milestone, while the 68.00 percent first-half profit increase provides the operating backdrop. The next report will help investors weigh the benefit of scale against margin pressure and rising watch-list loans.