ACB Gets Green Light to Raise Charter Capital to Nearly $2 Billion

Hanoi, May 11 – Vietnam’s Asia Commercial Bank (ACB, HOSE: ACB) has received approval from the State Bank of Vietnam (SBV) to increase its charter capital through a stock dividend issuance, boosting its total capital to nearly VND 51.4 trillion (approximately USD 2 billion).

According to a recent statement from ACB, the SBV has approved the bank’s proposal to raise its charter capital by nearly VND 6.7 trillion. The capital hike will be executed by issuing shares to pay dividends—an initiative previously endorsed at ACB’s Annual General Meeting on April 8, 2025.

Following the issuance, ACB’s charter capital will increase from VND 44.667 trillion to VND 51.367 trillion. The bank expects to complete the process in Q3 2025.

ACB’s Board of Directors emphasized that this capital boost is essential for expanding long- and medium-term funding to support lending activities, investments in government bonds, strategic projects, and upgrading its infrastructure, while strengthening financial resilience in a dynamic market environment.

Shareholding Reshuffle Among Key Stakeholders

In a related development, ACB recently updated its list of major shareholders (those holding 1% or more of its charter capital). Notably, Nguyen Thien Huong Jenny has increased her stake to over 63.2 million shares, equivalent to 1.416%. Including related parties, her total holdings reach 111.5 million shares (2.497%).

Meanwhile, Nguyen Duc Hieu Johnny now holds over 51 million shares, or 1.142%, with related parties collectively controlling 123.7 million shares, amounting to 2.77%.

Both individuals are children of Ngo Thu Thuy, Chairwoman of Au Lac Corporation, a key player in education and real estate.

Earlier disclosures show that Thien Huong International Education Village JSC—a known affiliate of the Au Lac ecosystem—owns nearly 58.6 million ACB shares (1.3%), with related holdings totaling over 107.7 million shares (2.4%).

Taken together, the Au Lac Group now holds approximately 3.86% of ACB’s charter capital, up from 3.724%.

Outlook

ACB’s latest capital enhancement signals continued growth ambitions and resilience amid a rapidly evolving banking landscape. As the bank aligns itself with regulatory requirements and future investment strategies, its strengthening ownership base may also signal deeper institutional engagement and long-term confidence in Vietnam’s banking sector.

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Source: Vietnam Insider