Vietcombank to hold first shareholders' meeting in 2008

Tuesday, April 22, 2008
The Bank for Foreign Trade of Viet Nam (Vietcombank) recently announced that it plans to hold first shareholders' meeting this year on April 26 at the National Conference Centre in Hanoi.
The shareholders' meeting will discus on brief report on Vietcombank's equitisation process and pass the operation regulations, development orientation from 2008 to 2013, this year's business plan and the plan to list shares on the stock market this year.
This year, Vietcombank's total ownership capital could be over 20.331 trillion dong, up 53.62% against 2007 and nearly 211.084 trillion dong in total capital, rising 7.72% from 2007. The bank also targets to reach after tax profit growth of 11.68% against the previous year, pay a 12.08% dividend this year and reach a credit growth rate of 29.2% against 2007.
Vietcombank plans to continue selecting strategic investor within this year and offer more shares to hike chartered capital to 15 trillion dong in the third quarter of 2008. (DTCK)