Techcombank has set November 3, 2026 as the record date for collecting written shareholder opinions on establishing a wholly owned one-member commercial bank at the Vietnam International Financial Centre (VIFC). Seven banks, including Vietcombank, HDBank, SHB, MB, TPBank, LPBank and Nam A Bank, already won shareholder approval during the 2026 AGM season to set up subsidiaries at the centre; Vietcombank plans charter capital of 3,000 billion VND, and MSB says a VIFC subsidiary could lower the cost of foreign-currency funding. In Q3/2026, Techcombank posted pre-tax profit of 10,375 billion VND, up 25.8% and its highest quarterly level to date. The bank will also set a record date of October 30, 2026 for issuing over 3.54 billion shares in a 50% stock dividend, which would lift charter capital from 70,862 billion VND to about 106,293 billion VND.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Techcombank muốn thành lập thêm ngân hàng
Keywords
Open a keyword to see other news on the same topic.
Related tickers and likely impact
TCB
• NeutralTechcombank
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Banks |
| Market cap | 241,995 bn VND |
| P/E | 8.4 |
| P/B | 1.29 |
| Close on 10/23/2026 | 34.20 |
| Change that session | +0.15% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Techcombank sets record date for 50% stock dividend
Techcombank's Board has issued a resolution to issue over 3.54 billion shares as a 50% stock dividend, where every 100 shares receive 50 new shares. The final record date is October 30, 2026, funded by undistributed retained earnings in the audited 2025 financial statements. Shareholders approved the plan with about 69.94% of votes in favor, and the State Bank of Vietnam approved a charter capital increase of up to VND 35,730.97 billion, including ESOP shares. After the dividend, the bank will offer nearly 29.97 million shares to employees at VND 10,000 each, with a one-year transfer restriction; completing both steps would bring charter capital to about VND 106,593 billion. In the first half of 2026, pre-tax profit reached VND 18,540 billion, up 22.5% year on year.
- State Bank Approves Techcombank Charter Capital Increase of Over VND35,700 Billion, Making It the Largest in the System
- Techcombank approved to raise charter capital to over VND 106,000 billion
The State Bank of Vietnam approved Techcombank's plan to raise its charter capital from about VND 70,862 billion to VND 106,593 billion, an increase of over 50%. The increase comes from a 50% stock dividend worth over VND 35,431 billion and an ESOP issuance of nearly VND 300 billion for employees. The bank says the move will strengthen its long-term capital base, support business expansion and investment in technology and data, while maintaining capital safety ratios and asset quality. The plan follows pre-tax profit of VND 18,500 billion in the first six months of 2026, up 22.5%, and operating income of VND 28,600 billion, up 17.5%. Techcombank also ranked among the 20 banks contributing the most to the state budget in 2025, with nearly VND 11,000 billion, and was named Best Bank in Vietnam 2026 by Euromoney for the 6th consecutive year.
- Techcombank posts record quarterly profit of VNĐ10 . 4 trillion
Techcombank reported record third-quarter pre-tax profit of VNĐ10.4 trillion (US$402 million), up 25.8% year-on-year. For the first nine months, total operating income rose 17.1% to VNĐ45.2 trillion and pre-tax profit increased 23.7% to VNĐ28.9 trillion, with trailing 12-month ROE at 16.3%. Net fee income grew 40%, led by a 136.6% jump in letter of credit, cash and payment fees, while investment banking fees fell 17.5% as higher interest rates weighed on margins. Customer deposits rose 8.4% to VNĐ692.1 trillion, but the NPL ratio climbed to 1.36% from 1.15%, which the bank mainly attributed to several individual loans outside its core sectors. Subsidiary TCBS also posted its highest quarterly pre-tax profit to date, at VNĐ2.15 trillion.
- Bank earnings update (evening of Oct 20): Another bank posts over VND 10,000 billion in Q3 profit, while one bank's profit doubles year on year
As of the evening of October 20, several banks had reported 9-month 2026 results with profits up year on year. VPBank posted consolidated pretax profit of nearly VND 30,000 billion for nine months, up nearly 47%, with Q3 profit topping VND 11,000 billion, its highest quarterly level on record. Techcombank (TCB) reported VND 28,900 billion in pretax profit for nine months, up 23.7%, and VND 10,400 billion in Q3, while SHB estimates VND 14,300 billion, up 17%. Smaller results included PGBank's VND 630 billion, up 27%, and ABBank's VND 4,301 billion pretax profit, twice its level in the same period of 2025.
- Service income up 40%, Techcombank consolidates leading position, record Q3 profit
Techcombank reported Q3/2026 pre-tax profit of VND 10.4 trillion, its highest quarterly level to date, lifting nine-month pre-tax profit to VND 28.9 trillion, up 23.7% year on year. Service income for nine months rose 40.0% to VND 11.8 trillion, mainly from letter of credit, cash and payment income up 136.6%, helping diversify income while net interest margin remains under pressure. Credit growth accelerated on national infrastructure projects, with total assets at VND 1.3 million billion as of Sept 30, 2026, and the capital adequacy ratio (CAR) at 15.0%. Nine-month operating expenses rose 18.7% as the bank expanded staffing, marketing and technology investment.
Related markets
Latest news
- New York AG seeks $1.37B from NovaTech founders over Ponzi scheme
New York Attorney General Letitia James has asked a court to order NovaTech's founders, Cynthia and Eddy Petion, and related companies to pay $1.37 billion, including about $1.13 billion in investor funds and $232.5 million in interest, following a default judgment in August 2025. Four people who recruited investors have separately agreed to pay nearly $6 million in settlements for victims. The AG's office said more than 11,000 New Yorkers lost tens of millions of dollars through NovaTech and the earlier AWS Mining scheme, with promoters targeting Haitian and other immigrant communities through prayer groups, social media and WhatsApp. Investors deposited about $1.16 billion into NovaTech's crypto wallets between August 2019 and May 2023, but only about $26 million went to trading provider B2Broker, and a separate motion seeks about $6.15 million over AWS Mining, including interest.
- Tech Sell-Off: 2 Growth Stocks Investors Might Wish They'd Bought on the Dip
The author notes many AI stocks are pulling back, with the Nasdaq-100 down 5.5% in the last week alone, and argues that broad market sell-offs have historically been followed by recoveries to new highs. Duolingo (DUOL) trades 73% below its record high, with 58.7 million daily active users (up 23%) and a target of 100 million by 2028; its price-to-sales ratio is about 6 versus a five-year average of 14.4, and its P/E is about 16.6. SentinelOne (S) reported record annual recurring revenue of $1.2 billion, up 22%, with ARR from its AI products almost tripling, and its P/S of about 6.7 compares with 10.2 to 43.3 for CrowdStrike, Palo Alto Networks and Zscaler. The author considers both companies potentially worth a long-term look if the tech sell-off intensifies.
- 3 Things Investors Might Not Know About Rivian's $4.5 Billion Loan
Rivian is set to draw on a $4.5 billion loan from the U.S. Department of Energy (DoE) to build its second factory in Georgia, with withdrawals expected in 2027. The loan is not directly dilutive, but it requires Rivian to contribute its own capital, which is why the company issued over 86 million new shares in July, raising roughly $1.3 billion. Interest is based on the U.S. Treasury yield curve with a 0% credit spread; the author estimates that compared with Rivian's $1.25 billion secured green notes at 10% annual interest, the loan could save hundreds of millions of dollars a year. Note A ($3.355 billion maximum principal) requires interest payments from June 15, 2030, principal repayments from 2031, and final maturity on March 15, 2045. However, the Georgia plant may be less profitable per vehicle than Rivian's Illinois factory in the early stage, as it will take time to reach scale.
- Bitcoin consolidates after 3% loss as AI fears stoke fresh stock-market weakness
Bitcoin fell 3.2% on Thursday to as low as $80,840 on Bitstamp, then ranged below $82,000 as Wall Street opened Friday amid AI financing worries. CoreWeave slid 15.5% week to date to its lowest level since May 2025, after Bernstein cut its price target from $74 to $51. Crypto markets saw $336 million in liquidations over 24 hours, including $281 million of long positions, while U.S. spot Bitcoin ETFs recorded $635 million in net outflows on Thursday, the largest single-day drawdown since late June. South Korea's KOSPI opened at 5,402 points, dipped to 5,305, and finished 0.3% higher. Nvidia CEO Jensen Huang said demand for capital far exceeds its availability.
- Stock Split Watch: Is Micron Next?
Micron's latest quarterly revenue jumped 379% to $54 billion, and its stock, which topped $1,200 earlier this year, has since fallen to about $900, giving the company a market capitalization above $1 trillion. The article explains that a stock split lowers the price of each share without changing the company's overall market value, and can make shares more accessible to smaller retail investors. Micron has completed three stock splits in the past, the most recent more than 25 years ago. The author does not expect the company to announce a split in the coming weeks, given that the stock has fallen from its highs. Possible headwinds include memory prices that may decline as supply improves, and a slowdown in AI investment that could weigh on revenue and stock performance.
- Russia sets conditions for normalizing relations with the US and the West
Russian Deputy Foreign Minister Alexander Grushko said on 22 October, at the 19th Verona Eurasian Economic Forum, that normalizing Russia's relations with the US and Europe depends entirely on lifting all sanctions. He said relations cannot develop while the sides are effectively walking through a minefield, with no way to know where sanctions will be applied. Grushko accused the EU of seeking to contain Russia across the Balkans, the South Caucasus, the Baltic region and the Arctic, and argued that the bloc has identified Russia as its main strategic threat and is preparing for war. The two-day forum, held on 22 and 23 October in Istanbul, draws participants from more than 30 countries.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.