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.
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.
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.
The slow growth comes mainly from state-owned banks, which have become more stringent on their loan disbursements.
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.
The Asian Banker continues to honour the 500 strongest banks in the Asia-Pacific in 2019 with some familiar names from Vietnam.
Growing bad debts reaching hundreds of millions of US dollars keep pressuring BIDV, Vietcombank, and VietinBank.
The US Federal Reserve’s latest rate cut will benefit commodity and equity markets in the short term, according to specialist Nguyen Tri Hieu.
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.
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.