Maritime Commercial Joint Stock Bank to list shares on HoSE
The Vietnam Maritime Commercial Joint Stock Bank (MSB) is planning to list its shares on the Ho Chi Minh Stock Exchange (HoSE) in the third quarter of 2019.
Hanoi (VNA) - The Vietnam Maritime Commercial Joint Stock Bank (MSB) is planning tolist its shares on the Ho Chi Minh Stock Exchange (HoSE) in the thirdquarter of 2019.
The plan was unveiled at the bank’s annual general meeting ofshareholders in Hanoi on April 23.
MSB General Director Huynh Buu Quang said the bank’s board of directors hasbeen preparing all necessary procedures for the initial publicoffering (IPO) and the listingof shares.
Quang said the IPO will help the bank increase its capital, especiallycash, and get more business opportunities.
The IPO is expected to increase the bank’s capitalization value to1.1 billion USD after reselling all treasury stocks to selected investors, headded.
In 2019, the MSB plans to raise its chartered capital by 1 trillion VND (42.9million USD) to 12.75 trillion VND (over 547.3 million USD) by issuing 100 millionshares or maximum 8.5 percent of its current charter capital for domesticinvestors.
At the meeting, the shareholders also approved the bank’s financial targets. TheMSB is set to increase its total assets by 11 percent to 153 trillion VND (6.56billion USD). The bank’s pre-tax profits are expected to hit 1.86 trillion VND(79.8 million USD), up 77 percent.
By the end of 2018, the MSB's total assets reached nearly 138trillion VND (5.92 billion USD), an increase of 23 percent compared to the endof 2017. Last year, its pre-tax profits stood at over 1.05 trillion VND (45million USD), up 6.4 times as compared to 2017.
Besides business activities, 2018 was also a key year for the MSBin implementing risk management in line with strict standards of Basel 2. Thebank has successfully piloted regulations of the State Bank of Vietnam oncalculating capital safety ratio.
The settle of debt also brought in positive results. The bad debt rate has beenalways well controlled, standing at 2.21 percent, much lower than the regulatedmaximum level of 3 percent.-VNA
Maritime Bank (MSB)’s request to take over Textile and Garment Finance Joint Stock Company (TFC) has recently received approval from the State Bank of Vietnam (SBV).
The Vietnam Maritime Commercial Joint Stock Bank (Maritime Bank) has failed to get approval from shareholders to trade its shares on the stock exchanges.
The Vietnam Maritime Commercial Joint Stock Bank (Maritime Bank) has been certified by assessment body Economic Dividends for Gender Equality (EDGE) in recognition of its commitment to gender equality in the workplace.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
At the meeting (Source: VNA) 
