The banking sector’s total charter capital rose 1.8% in the first half of the year, even though only seven banks increased their capital during the period.

SeABank recorded the largest increase, adding more than $221 million, or 20.52%, to bring its charter capital to approximately $1.31 billion. The other banks that raised capital were ABBank, Nam A Bank, BIDV, PGBank, Bac A Bank and Saigonbank.

By charter capital at the end of the second quarter, the top four positions remained unchanged. Vietcombank led the ranking with more than $3.18 billion.

MB remained in second place with charter capital of about $3.07 billion. VPBank and VietinBank ranked third and fourth, with approximately $3.02 billion and $2.96 billion, respectively.

BIDV and Techcombank swapped fifth and sixth places. At the end of the second quarter, BIDV ranked fifth with around $2.77 billion, ahead of Techcombank, whose charter capital stood at nearly $2.70 billion.

Agribank ranked seventh with unchanged charter capital of more than $1.97 billion, while ACB followed closely with nearly $1.96 billion.

The remaining two places in the top 10 belonged to HDBank, with around $1.91 billion, and SHB, with approximately $1.75 billion.

Among private-sector banks, VPBank, Techcombank, ACB, HDBank, SHB, SeABank, VIB, MSB, LPBank and TPBank ranked highest by charter capital.

However, the charter capital of several banks has changed since the second-quarter figures were finalized, after they completed share issuances to raise additional capital.

BIDV recently increased its charter capital to nearly $2.96 billion following the issuance of almost 500 million shares.

An Binh Commercial Joint Stock Bank, or ABBank, has also completed a share issuance to pay dividends to existing shareholders. Following the issuance, ABBank’s charter capital officially increased from approximately $532 million to nearly $612 million.

Several banks set to cross $4 billion in charter capital

Vietnamese banks are expected to see a surge in charter capital in the coming period. For the first time, the country’s banking system could have several lenders with charter capital exceeding roughly $3.8 billion.

Techcombank plans to issue more than 3.54 billion shares to existing shareholders as a 50% stock dividend. The bank has also announced plans to issue nearly 30 million shares under an employee stock ownership plan, or ESOP.

Following the issuances, Techcombank’s charter capital is expected to rise to approximately $4.06 billion, positioning it to become Vietnam’s largest private-sector bank by charter capital. The issuance is scheduled for the fourth quarter of 2026.

VPBank also plans to increase its charter capital from approximately $3.02 billion to around $4.05 billion in 2026. The bank expects to issue shares from owners’ equity before conducting a private placement of more than 624 million shares to a foreign investor.

Vietcombank, meanwhile, plans to issue up to more than 1.068 billion shares to existing shareholders. The total par value of the issuance is capped at more than $407 million, which would raise the bank’s charter capital to more than $3.58 billion.

Agribank has also received government approval for an additional approximately $1.13 billion in charter capital during the 2025-2027 period, bringing its total charter capital to more than $3.10 billion.

Military Commercial Joint Stock Bank, or MB, has approved a plan to raise its charter capital from around $3.07 billion to as much as $3.91 billion, an increase of 27.5%.

VietinBank also plans to increase its charter capital to more than $4 billion by paying stock dividends from remaining profits after allocations to its funds. The plan still requires approval from the relevant authorities.

NCB recently announced plans for a private placement of 3.3 billion shares in 2027, which would raise an additional approximately $1.26 billion in capital. The bank had previously completed a capital increase at the end of June 2026, bringing its charter capital to around $1.12 billion.

If the new plan is successfully implemented, NCB’s charter capital would reach nearly $2.37 billion, an increase of 112.7% from its current level.

Tuan Nguyen