Agribank

Update news Agribank

The Vietnam Bank for Agriculture and Rural Development (Agribank) is the only bank of the "big 4" State-owned banks in Vietnam that has not been equitized.

Vietnam to allow EU credit institutions to hold 49% shares at two banks

Vietnam is committed to allowing credit institutions of the European Union (EU) to hold up to 49% shares at two joint stock commercial banks in Vietnam when the European Union-Vietnam Free Trade Agreement (EVFTA) takes effect.

 

Foreign investors look forward to Vietnam’s imminent IPOs in 2020

Nearly 100 Vietnamese companies will need to hit the road for share auctions by the end of 2020 to meet the government’s target of privatizing state firms.

Total assets of banks in Vietnam swell 9.12% to over US$518 billion

Total assets of commercial banks under state ownership accounted for 42.7% of the total in the banking sector, followed by joint stock commercial banks with 41.6%.

Government backs capital hike plans for four State-owned banks

 The Government supports the policy of allowing four State-owned banks to raise charter capital, said Governor of the State Bank of Viet Nam (SBV) Le Minh Hung.

 

Vietnam to consider reducing ownership at state-run commercial banks

Vietnam is committed to opening the financial market to foreign investors, particularly in financial services.

Total assets of banks in Vietnam increase 9% to nearly US$520 billion

The total assets of commercial banks under state ownership accounted for 43.4% of the total of the banking sector, followed by joint stock commercial banks with 41.4%.

A predicted scenario

For the first time in years, the Bank for Investment and Development of Vietnam (BIDV) has fallen out of the list of the top five profitable banks in the face of the strong growth of joint-stock commercial banks.

Low, late floods worsen saline intrusion in Mekong Delta: experts

Low and late floods have further worsened saline intrusion in the Mekong Delta region, heard a workshop held in the Mekong Delta province of An Giang on October 4.

93 SOEs to be equitised by 2020

Prime Minister Nguyen Xuan Phuc has signed a decision approving a list of 93 State-owned enterprises which will be equitised from now to the end of 2020.

Forex reserves reach highest level to date

The State Bank of Vietnam (SBV) obtained a large amount of foreign currencies in the first half of 2019, pushing foreign exchange reserves recorded in the period to the highest level to date.

Bad debt handling to be audited

The handling of bad debt among credit institutions would be audited this year in order to formulate recommendations for effectively implementing a National Assembly resolution, according to the State Audit Office of Viet Nam (SAV).

 

Vietnam to spend VND5 trillion to stop ‘black credit’

The VND5 trillion credit package initiated by the State Bank (SBV) will be ineffective if it is not managed well, analysts warn.

HCM City court sentences nine in Agribank financial loss case

 The Ho Chi Minh City People’s Court on December 21 handed down sentences to nine defendants related to a financial loss case at a branch of the State-owned Bank for Agriculture and Rural Development (Agribank).

Agribank Branch seven financial loss case put on trial

 The People’s Court of Ho Chi Minh City on December 16 opened a trial for violators of regulations on lending in credit organisations’ activity and fraudulence at the branch 7 of the Vietnam Bank for Agriculture and Rural Development.

HCM City jails 11 in bank fraud case

The jury of HCM City's People's Court yesterday handed down punishments ranging from nine years imprisonment to a life sentence to 11 people involved in the loss of roughly VND1 trillion

Trial begins on VND1 tril. bank loss

 HCM City's People's Court yesterday began hearing the case of former director of the Viet Nam Bank for Agriculture and Rural Development's Branch No.6 Ho Dang Trung, who allegedly caused a loss of roughly VND1 trillion to the bank.

BUSINESS IN BRIEF 3/6

Turkey probes tax evasion of plywood imports from Vietnam, Agribank, FPT Group expands operations into the Philippines, U.S. firms eye stronger investment in Vietnam, Factory pollution kills livestock

VN bankers who went downhill in 2014

 VietNamNet Bridge – In 2014, the banking sector was volatile, with many famous bankers arrested for serious violations.

State changes state-owned banks’ leadership

 VietNamNet Bridge – New faces have appeared holding the key positions at state-owned banks and at banks in which the State holds a  controlling stake.