Vietcombank Plans Private Placement of 543 Million Shares With Mizuho Able to Raise Stake to 20%

Vietnam's Vietcombank, formally the Joint Stock Commercial Bank for Foreign Trade of Vietnam, moved closer in January 2026 to a planned private placement of up to 543.1 million new shares to be offered to a maximum of 55 professional institutional investors. The offering is equivalent to up to 6.5 per cent of the bank's outstanding share capital. The announcement, reported by The Investor and other Vietnamese financial media, noted that shareholders had already approved the plan at the 2025 annual general meeting and that the bank was selecting a valuation consultant.

Japan's Mizuho Bank, an existing shareholder, currently holds a 14.96 per cent stake in Vietcombank. Under the terms of the new placement, Mizuho would be eligible to participate at a level sufficient to increase its holding to approximately 20 per cent.

MIZUHO BOARD REPRESENTATION

Vietcombank said that if Mizuho raises its stake to 20 per cent through the placement, it would be entitled to nominate one additional board member, bringing its representation to no more than two seats.