VIB targets VND 11.550 trillion in profit, nearly 19% dividend payout, and completion of Basel III Standardized Approach

Vietnam International Commercial Joint Stock Bank (VIB) has announced its 2026 Annual General Meeting (AGM) materials, setting a profit target of VND 11.550 trillion, proposing a dividend payout of nearly 19%, and completing the implementation of Basel III under the standardized approach in accordance with Circular 14/2025/TT-NHNN. The AGM is scheduled to take place on April 8 in Ho Chi Minh City.

According to the AGM documents, VIB targets credit growth of approximately 15% in 2026, aligned with the State Bank of Vietnam’s (SBV) prudent policy direction amid ongoing inflationary pressures, interest rate volatility, and geopolitical risks. At the same time, stricter requirements on credit quality control and system safety continue to be emphasized. On that basis, the Bank expects to achieve pre-tax profit of VND 11.550 trillion, up 27% compared to 2025, maintaining operational efficiency through asset portfolio optimization, margin improvement, and cost control.

Rather than pursuing aggressive balance sheet expansion, VIB continues to demonstrate a prudent approach by focusing on selective growth, emphasizing asset quality and capital efficiency. The Bank is strengthening its core business segments while enhancing risk management capabilities and increasing the contribution of non-interest income to reinforce a sustainable earnings foundation. VIB aims to position itself as a leading bank—not only in terms of scale but also in terms of quality, profitability, and long-term value creation for shareholders.

A notable highlight in the 2026 plan is the dividend policy, with a total payout ratio of nearly 19%. Specifically, VIB plans to distribute a 9% cash dividend, issue 9.5% bonus shares to existing shareholders, and allocate 0.24% under its Employee Stock Ownership Plan (ESOP). This payout structure reflects a balanced approach between delivering short-term shareholder returns and strengthening capital for long-term growth.

Notably, VIB has completed the implementation of Basel III under the standardized approach (SA) since December 2025 in accordance with Circular 14, five years ahead of the regulation’s effective timeline. The adoption of Basel III not only ensures compliance but also enhances the Bank’s risk management capabilities, optimizes capital allocation, and improves transparency, bringing VIB closer to international standards. This milestone reflects the Bank’s strong readiness for the next phase of growth, underpinned by more rigorous capital and risk measurement frameworks. According to disclosures, VIB’s capital adequacy ratio (CAR) under Basel III exceeds 12.4%, improving by nearly 1 percentage point compared to the calculation under Circular 41/2016/TT-NHNN and significantly above the minimum requirement of 8% under Circular 14.

In recent years, VIB has continuously invested in technology, data infrastructure, and governance to support its long-term development strategy. Bank representatives noted that 2026 marks a key milestone in VIB’s transformation journey for the 2017–2026 period. As the final year of the 10-year VIB 2.0 transformation program, it serves as a pivotal point for completing the Bank’s transformation and transitioning into a new growth cycle - VIB 3.0 (2027–2036), which aims for rapid, sustainable, innovative, and modern large-scale growth, built upon a strong risk management foundation, international standards, and scalable operational capabilities.

With a disciplined growth strategy, stable dividend policy, and the completion of Basel III implementation, VIB is demonstrating a prudent and well-grounded approach, aiming for sustainable development as the banking sector enters an increasingly competitive and standardized environment.