Vietnam’s Bank for Investment and Development of Vietnam (BIDV) has unveiled plans to raise more than 10 trillion dong ($390 million) through a private placement of over 264 million shares to institutional investors, as the bank looks to bolster capital for credit expansion.
According to a disclosure, BIDV has secured commitments from 33 professional institutional investors, both domestic and foreign, for the share issuance. The State Capital Investment Corporation (SCIC) will be the largest subscriber, acquiring 90 million shares.
The group of investors associated with Dragon Capital, including Hanoi Investments Holdings Limited, Vietnam Enterprise Investments Limited, Amersham Industries Limited, DC Dynamic Securities, etc., purchased a total of 88.3 million shares.
Other notable participants include SSI Asset Management (SSIAM), Manulife Vietnam, Darasol Investments, and Oman Investment Authority, among others.
The shares will be sold at 38,900 dong ($1.5) apiece, representing a discount of around 29% to the market price. At this level, the transaction is expected to raise approximately 10.27 trillion dong.
The proceeds will be used to strengthen BIDV’s capital base to support lending growth in 2026. The issuance is expected to be completed in the first quarter, with the privately placed shares subject to a one-year lock-up period.
BIDV reported a pre-tax profit of over 36 trillion dong (approximately $1.37 billion) in 2025, with return on assets (ROA) reaching 1.01%.
SSI acted as the advisor and arranger for this transaction.
Commenting on the deal, Thomas Nguyen, Chief Global Market Officer of SSI, said: “BIDV’s planned private placement deepens the market’s role as a long-term capital provider, supports the real economy by expanding funding capacity for a core state-owned bank, and sets a leadership benchmark for how major institutions can implement policy objectives through market-based transactions.”
