HFIC to divest all shares in Eximbank

The Ho Chi Minh City State Financial Investment Company (HFIC) has approved a plan to transfer its entire stake in Vietnam Export Import Commercial Joint Stock Bank (Eximbank). HFIC currently holds 8,486,941 shares, representing 0.45% of Eximbank's charter capital.

The divestment is scheduled to take place between the fourth quarter of 2026 and the first quarter of 2027 via the Ho Chi Minh City Stock Exchange (HoSE). HFIC has set an initial transfer price of 17,393 VND per share, which could yield approximately 147.6 billion VND.

HFIC cited frequent changes in Eximbank's senior leadership as a key factor in its decision. The company noted that continuous fluctuations in high-level personnel could complicate the effective management and supervision of its investment and pose risks to its interests if the bank's operational strategy shifts.

HFIC has been an investor in Eximbank since 2006, when its predecessor, the Ho Chi Minh City Urban Development Investment Fund (HIFU), initially invested 12.15 billion VND at par value. The proceeds from this sale are intended to restructure HFIC's investment portfolio and reallocate capital to other activities in line with its strategic direction.