MSB considers investing in securities company

"Encroaching" on securities

One of the contents proposed by Vietnam Maritime Commercial Joint Stock Bank (MSB) at the General Meeting of Shareholders held on April 21, 2025 was to divest capital from TNEX Finance and contribute capital/buy shares of securities companies and fund management companies.

Accordingly, MSB plans to seek a suitable partner to transfer part of its capital or transfer 100% of its capital contribution at TNEX Finance. This transfer will help the bank have more resources to enhance its financial capacity, expand its scale, continue to invest in technology and potential projects, thereby focusing on promoting core business activities.

MSB representative said that this is a plan that the Bank has carefully considered, not only for 2025 but also for the previous period, due to the adverse impacts of market developments on financial companies in recent years. However, forecasts show that the Vietnamese consumer finance industry is entering the preparation stage for a new growth cycle and still has a lot of room for development due to the low penetration rate. Therefore, MSB will consult shareholders on this issue and implement it when market conditions are favorable.

Investing in MSB Securities Company can help them participate more strongly in the capital market. Photo: Duy Minh

In addition, MSB assesses the Vietnamese stock market and investment banking services as potential markets, playing the role of an effective capital channel for the economy and is forecast to attract about 25 billion USD of foreign indirect investment each year into Vietnam. From this basis, "encroaching" into the securities and investment banking sectors is one of the bank's future development focuses, bringing many benefits: Being able to build and develop a comprehensive financial model, based on providing full-package financial services such as: Securities brokerage, financial consulting and issuance of stocks, bonds, securities investment to asset management and fund investment...;

Second, banks can easily access and expand their operations to wealth management, serving potential customers who want to invest in professional financial products;

Third, MSB can participate more strongly in the capital market, especially in the context of the Government's efforts to upgrade Vietnam to an emerging market, opening up opportunities to welcome foreign capital flows. "In that context, MSB will have a great advantage in both providing commercial banking services and supporting businesses in raising capital through investment banking channels," said a bank representative.

Increased capital to 31,200 billion VND

Along with contributing capital to potential fields, at the congress, MSB also presented a plan to increase charter capital from VND 26,000 billion to VND 31,200 billion through issuing shares to pay dividends at a rate of 20% from undistributed accumulated profits after setting aside funds according to the 2024 Audited Financial Statement.

This year's dividend plan will ensure investment efficiency and shareholder benefits, while also demonstrating MSB's ability to maintain good growth rates in revenue, profit and safety ratios as set out in the strategy.

In addition, the bank's 2025 business plan is based on the 2024 results and research on market development scenarios. Accordingly, the growth target is VND 350,000 billion in total assets, up 9% compared to the beginning of the year; total mobilization from market 1 and capital-raising bonds reaches VND 202,000 billion, up 15% compared to 2024; total outstanding loans (including loans to economic organizations and individuals, corporate bond investment) reaches VND 212,000 billion, up 20%. And the target profit is VND 8,000 billion, up 16%; the bad debt ratio is controlled below 3%.

Thuy Linh

Source: https://congthuong.vn/msb-tinh-chuyen-gop-von-vao-cong-ty-chung-khoan-384112.html