Update news BIDV

Growing attractiveness of Vietnamese banks' shares is thanks to a positive revamp and strong outlook of the sector, particularly as Vietnam is accelerating global economic integration.

Vietnamese banks come closer to big deals

Experts said that a series of favorable conditions are encouraging local banks’ plans to sell shares to foreign investors for capital hike in a move to meet the Vietnamese central bank’s Basel II regulation.

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.

Vietnamese lenders set sail for lucrative lands

Vietnamese banks are following their corporate clients by expanding abroad. 

KEB Hana Bank becomes BIDV’s strategic shareholder

South Korea’s KEB Hana Bank has officially become a foreign strategic shareholder in the Bank for Investment and Development of Vietnam (BIDV) following a cooperation agreement with the two sides inked on Monday.

Prime Minister Nguyen Xuan Phuc greets Chairman of Hana Financial Group Inc.

The Vietnamese Government will create the most favourable conditions for firms from the Republic of Korea (RoK) to operate successfully in Vietnam, Prime Minister Nguyen Xuan Phuc said on November 11.

Vietnam’s credit growth projected to reach 10-year low of 13.2% in 2019

The slow growth comes mainly from state-owned banks, which have become more stringent on their loan disbursements.

State budget to receive $216m in cash dividend from State-owned businesses

Insurer Bao Viet Holdings (BVH) and the Bank for Investment and Development of Viet Nam (BIDV) have approved plans of paying cash dividends worth combined US$236 million in the next two months.


BIDV sells 603 million shares to KEB Hana Bank

After the issuance, the bank's charter capital has increased by VND6 trillion from VNĐ34.2 trillion to more than VND40.2 trillion.

Vietnamese banks ranked among 500 strongest in region

The Asian Banker continues to honour the 500 strongest banks in the Asia-Pacific in 2019 with some familiar names from Vietnam.

Local banks need to build on 1H results

Local banks posted notable results in the first half but a good second half is not a given.

SOE equitisation lists fizzle up M&A

Following a muted 2018 and first half of 2019, experts are pining for a new surge in state divestments and equitisations, buoyed by new regulatory frameworks.


BIDV, Vietcombank, and Vietinbank amass nearly $2 billion in bad debts

Growing bad debts reaching hundreds of millions of US dollars keep pressuring BIDV, Vietcombank, and VietinBank.


Good short-term effects for Vietnam after Fed's rate cut

The US Federal Reserve’s latest rate cut will benefit commodity and equity markets in the short term, according to specialist Nguyen Tri Hieu.


VN banks make big profits but share prices fall

Despite good business results, 11 out of 17 listed commercial banks saw share prices decrease in the first half of the year.

BIDV sells 15 percent stake to RoK’s KEB Hana Bank

The Bank for Investment and Development of Vietnam (BIDV) will float more than 603 million new shares, or 15 percent of its stake to the Republic of Korea’s KEB Hana Bank.

Former BIDV chairman Tran Bac Ha dies in prison

Former Chairman of the Bank for Investment and Development of Vietnam (BIDV) Tran Bac Ha died on Thursday at the age of 63 after a long illness.


Credit growth expanded 7.33 percent in H1

The banking sector reported a credit growth of 7.33 percent in the first half of this year compared to the end of 2018, Governor of the State Bank of Vietnam (SBV) Le Minh Hung said.

Vietnamese banks expect big inflow of foreign capital

Tens of trillions of VND is expected to be poured into Vietnamese banks by foreign investors in 2019 and 2020 as negotiations on many deals are running smoothly.

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.