The plan will be implemented via dividend payment in shares to shareholders.
ACB plans to issue 498.8 million shares to pay the dividend, equivalent to a total value of 4.98 trillion VND.
The payment ratio is 30 percent, meaning every shareholder will receive three new shares for every 10 they hold.
The expected issuance time is the fourth quarter of this year.
Previously, ACB planned to pay a 2019 dividend in shares and cash. However, due to the COVID-19 pandemic, the State Bank of Vietnam required banks to use resources to reduce interest rates, support businesses and not pay dividends in cash.
ACB also plans to pay the 2020 dividend at a rate of not less than 20 percent.
In the first six months of this year, ACB recorded a consolidated pre-tax profit of 3.8 trillion VND (165 million USD), up 5.4 percent over the same period last year.
The bank plans to earn a pre-tax profit of 7.6 trillion VND this year./.
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- Vietcombank plans to raise charter capital via share issuance
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- Vietcombank does not set specific targets for profit in 2020
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