The bank’s market capitalization is expected to reach $2.5 billion following the offering.
The upgrade was supported by the country’s robust economic growth and diversified economy.
Total assets in the banking system fell slightly by VND32.3 trillion in January to VND7,287 trillion ($326 billion) from the end of last year, statistics from the State Bank of Vietnam show.
In the first quarter of 2016, foreign investors made net purchases on the secondary bond market worth a total VND6.33 trillion ($284 million).
Vietinbank and BIDV have lost their chairmen to retirement and a new job appointment, but they are doing just fine.
The Vietnamese branch of Bangkok Bank has sought permission to lend more as it nears the 15 percent annual growth limit.
The Vietnam Animation Single Member Limited Company will offer 589,804 shares on April 27 on the Hanoi Stock Exchange (HNX), equivalent to 11 percent of charter capital after divestment.