Military Bank plans ₫3.02 trillion private share placement
Six institutional investors are expected to buy 200 million shares, with most proceeds earmarked for investments in the bank’s operating capacity.
Vietnam’s Military Commercial Joint Stock Bank (MB) plans to raise nearly ₫3.02 trillion by placing 200 million shares with six institutional investors. A board resolution approved a price of ₫15,090 for each share.
The proposed buyers all qualify as professional securities investors and are expected to take up the full placement. Truong Son Construction Corporation is set to buy 50 million shares, Vietcombank 46 million and the State Capital Investment Corporation (SCIC) 32 million.
Viettel plans to acquire 27 million shares, while Hochiminh City Finance and Investment State-owned Company (HFIC) will subscribe for 25 million and Dong Bac Corporation for 20 million. Transfers of the placement shares will be restricted for five years after the offering ends.
MB intends to use nearly ₫450 billion for customer loans and nearly ₫2.569 trillion for investments in its operating capacity, including IT hardware and software. The bank has scheduled disbursements from the fourth quarter of 2026 through the fourth quarter of 2027.
The pricing reflects MB’s book value in its separate financial statements dated September 30, 2026, according to the board. With a par value of ₫10,000 per share, the placement could add up to ₫2 trillion to charter capital.
After the placement, Viettel’s stake is expected to fall from 14.702 per cent to 14.679 per cent despite its additional purchase. SCIC’s holding is expected to increase from 9.831 per cent to 9.951 per cent, while Vietcombank’s would rise from 4.301 per cent to approximately 4.397 per cent.
