We attended VCB’s EGM in Hanoi on January 30. The meeting's main agenda included (1) the bank’s plan to increase its charter capital in 2023 using retained earnings from 2021 and accumulated retained earnings at end-2018 and (2) the election of a new member to the board of directors (BOD).

The maximum number of shares to be issued under the 2023 stock dividend plan was proposed at 2.77 billion shares. The private placement plan of a 6.5% stake pre-money that was approved by shareholders at the AGM held in 2021 remains in progress.

Mr. Nguyen Thanh Tung, who is VCB’s deputy CEO, was elected as an additional BOD member for the 2018-2023 period.