On October 24, 2024, Vietnam Export-Import Commercial Joint Stock Bank (Eximbank) responded to circulating rumors regarding plans to relocate its headquarters and credit issuance to customers.

Eximbank stated that these rumors have caused public concern, affected investor and customer sentiment, and violated the rights of its shareholders. The bank emphasized that the rumors have also seriously damaged Eximbank’s image, brand, and reputation.

Eximbank reaffirmed its commitment to complying with regulations on information disclosure, ensuring transparency, and respecting shareholders and investors. The bank urged shareholders, investors, customers, partners, and media outlets to be cautious about unverified information and subjective speculation concerning the bank’s operations.

Earlier, Eximbank released documents for an extraordinary general meeting of shareholders scheduled for November 2024. Notably, the meeting will be held in Hanoi, rather than Ho Chi Minh City as it had been in the past. One of the key proposals to be discussed by the Board of Directors is the relocation of Eximbank's headquarters, currently situated at Vincom Center, 72 Le Thanh Ton, Ben Nghe Ward, District 1, Ho Chi Minh City.

Eximbank clarified that the proposal to relocate the headquarters arises from necessary internal operational considerations. The decision will be openly and transparently discussed at the shareholders' meeting and will only be approved if it receives over 51% of the total votes from attending shareholders. The proposal to relocate the headquarters will also require review and approval from the State Bank of Vietnam as per regulations.

Additionally, Eximbank stated that it has requested support from relevant authorities to investigate and clarify the motives behind the dissemination of false information, aiming to protect the legitimate rights and interests of the bank, its customers, shareholders, and partners.

As of October 10, 2024, Gelex Group JSC remains the largest shareholder in Eximbank, holding a 10% stake, equivalent to over 174.695 million shares.

Notably, the list of shareholders shows the re-emergence of a familiar name—Vietnam Joint Stock Commercial Bank for Foreign Trade (Vietcombank). According to the disclosure, Vietcombank is now the second-largest shareholder, holding a 4.51% stake, equivalent to over 78.793 million shares.

The remaining three shareholders required to disclose their holdings include: VIX Securities JSC, with 3.58% (over 62.345 million shares), and two members of the Board of Directors, Luong Thi Cam Tu, holding 1.12% (equivalent to over 19.359 million shares), and Le Thi Mai Loan, holding 1.03% (equivalent to over 17.940 million shares).

Tuan Nguyen