VIB Shareholder Group Led by Beston, Bellmont Holds Over 8.6% of Bank

Overview

Ngân hàng Quốc tế Việt Nam (VIB), listed on HOSE, updated its list of shareholders holding 1% or more of charter capital and their related persons as of 28 October. The disclosure shows Công ty cổ phần Beston, Công ty cổ phần Bellmont and four related individuals together holding more than 322 million VIB shares, equivalent to over 8.6% of the bank’s capital. The update coincides with VIB’s reported 9-month pre-tax profit of nearly VND 7,600 billion, up 8% year-on-year.

Key Facts

• Beston holds more than 87 million VIB shares, equivalent to over 2.33% of charter capital.
• Bellmont holds more than 85.7 million VIB shares, equivalent to nearly 2.3% of charter capital.
• Bellmont recently received more than 85.7 million VIB shares from Beston through a corporate split (tách doanh nghiệp); combined the two entities hold nearly 173 million shares, or about 4.63% of the bank.
• Four individuals related to the two companies hold more than 4% of VIB; bà Nguyễn Thùy Nga and her husband ông Trương Hồng Hải hold over 3.88%, while ông Nguyễn Mạnh Thắng and his wife hold 0.095%.
• Both Beston and Bellmont are chaired and run as general director by bà Nguyễn Thùy Nga.
• Beston is also one of five companies in which VIB chairman ông Đặng Khắc Vỹ and related persons hold more than 5% of charter capital, alongside Uniben, Funderra and Chứng khoán KAFI, per an April update.
• VIB’s total assets stood at nearly VND 600,000 billion as of the end of Q3; 9-month pre-tax profit reached nearly VND 7,600 billion, up 8% year-on-year.

What Happened

VIB published the updated shareholder list on 28 October, in line with the disclosure obligation under the Law on Credit Institutions 2024, which requires shareholders owning 1% or more of a bank’s charter capital to provide information on themselves and their related persons. The filing identifies Beston and Bellmont as the two corporate holders above the threshold, alongside four individuals connected to them.

The structural change behind the numbers is the split of Bellmont from Beston. Bellmont received more than 85.7 million VIB shares from Beston through a corporate separation, leaving the two entities with nearly 173 million shares combined, or roughly 4.63% of the bank. The filing does not disclose the transaction value or the timing of the split beyond the 28 October update date. The disclosure also notes that Beston sits within the wider group of five companies in which chairman ông Đặng Khắc Vỹ and related persons hold more than 5% of charter capital, a relationship previously reported in April.

Market Context

VIB closed at 14,150 on 28 October 2026 on HOSE. The stock trades as a retail-focused commercial bank with total assets approaching VND 600,000 billion, and the 8% year-on-year growth in 9-month pre-tax profit to nearly VND 7,600 billion places it among the Vietnamese banks still expanding earnings against a slower credit-growth backdrop. The shareholder disclosure is a governance event rather than an earnings event, but it arrives in a market where bank ownership concentration and related-party structures are under closer regulatory scrutiny following the 2024 credit-institutions law.

Strategic Significance

The key structural point is that the 8.6% block is not a single new investor taking a position but an existing ownership cluster being reorganized and disclosed. Splitting Bellmont out of Beston separates the holding into two licensed entities while keeping the beneficial owners unchanged, which matters for how the stake counts against regulatory ownership caps and related-party limits. For long-term holders, the overlap between the Beston-Bellmont group and the companies associated with chairman ông Đặng Khắc Vỹ means VIB’s free float and governance profile are more concentrated than headline institutional ownership suggests. The 8% profit growth supports the retail-banking franchise, but the ownership map is the variable that will shape how the bank is valued relative to peers.

What to Watch

• Any further VIB shareholder-list update disclosing changes to the Beston and Bellmont holdings or the four related individuals.
• Q4 and full-year 2026 earnings, to confirm whether the 8% 9-month pre-tax profit growth pace holds through year-end.
• Regulatory guidance or SBV commentary on ownership thresholds and related-party definitions under the Law on Credit Institutions 2024.
• Disclosure of the transaction value and completion terms of the Beston-Bellmont corporate split.
• Foreign-ownership and free-float filings for VIB on HOSE, given the concentrated domestic holding structure.