Procurators on October 28 proposed prison sentences ranging from three to 19 years for 12 defendants involved in violations at the Bank for Investment and Development of Vietnam (BIDV).

Twelve people involved in violations of banking operations at the Bank for Investment and Development of Vietnam (BIDV) will be brought to trial on July 20, according to the Hanoi People’s Court.

Many banks in Ho Chi Minh City are selling their mortgaged assets, mainly properties worth trillions of Vietnamese dong, to speed up the resolution of bad debts.

A new payments market will be created with the presence of more players, including commercial banks, fintechs, telcos and foreign investors.

The Joint Stock Commercial Bank for Investment and Development of Viet Nam (BIDV) plans to issue shares to increase its charter capital by VND5.3 trillion (US$229.1 million).

The Bank for Investment and Development of Vietnam (BIDV) has announced plans to put secured assets of Xuan Kien Auto JSC (Vinaxuki) up for auction...

VND92 trillion is the amount of money that four state-owned banks, or the ‘big four’, have paid to the state budget since 2014.

Three major scenarios for economic development in 2020 have been drawn up by Can Van Luc and researchers from BIDV.

All four major state-run banks, including Vietcombank, Vietinbank, Agribank and BIDV, are expected to qualify for Basel II standards in 2020.

With Vietcombank making up 40 percent of total profit of four state-owned banks, the competition among the ‘big four’ banks has been reduced to the ‘big two’.

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%.

The completion of the sale of Vietcombank stake to foreign buyers in early 2019 and of BIDV at the end of last year may bode well for a comeback of foreign banks to Vietnam in 2020.

 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.

Once completed listing on the Ho Chi Minh City Stock Exchange, Vietnam Rubber Group would be the second largest firm in terms of registered capital, behind BIDV.

The circular lists cases that credit institutions are granted a reserve requirement waiver or a lower reserve requirement ratio.

Two dollar billionaires in the banking sector emerged in 2019, which also witnessed competition that led to big changes in the economy.

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

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%.

The merger and acquisition market in banking industry in the first half of this year has received new signal when Korean bank became a major shareholders of BIDV in early November with a record M&A deal worth US$890 million.