BIDV

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Four Vietnamese firms have been named in this year’s Global 2000 list by Forbes, an annual ranking of the world’s biggest and most powerful public companies.

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).

 

Banks warned about risks associated with bond issuance

VietNamNet Bridge - Thirsty for long-term capital, many commercial banks are issuing bonds with attractive interest rates. 

VN bank shares continue to lure foreign capital

VietNamNet Bridge - The stock market is still seeing foreign investors pour money into bank shares, analysts say.

‘Big four’ banks stay firmly in their positions as other big banks arrive

VietNamNet Bridge - The prosperity of the stock market in 2017 and the first months of 2018 has helped banks increase accumulated capital.   

Division in banking sector sharpens

VietNamNet Bridge - While some commercial banks report increased mobilized capital, other banks have had to raise deposit interest rates, demonstrating the divide in the banking sector, analysts say.

Tycoons meet with misfortune because of rumours

VietNamNet Bridge - Veteran investors could lose billions of dollars because of rumors. 

Vietnamese bankers rush to invest in neighboring markets

VietNamNet Bridge - Vietnamese banks with powerful financial capability are investing in Laos, Cambodia and Myanmar, betting on the prosperity of their markets.

Foreign bank staff paid 2-3 times more than staff at Vietnamese banks

VietNamNet Bridge - While Vietnamese banks pay VND20 million ($900) or so to every worker, foreign banks pay three times higher.

Big banks pay high volume of deposit interest in 2016

VietNamNet Bridge - More than VND100 trillion was paid by the eight biggest commercial banks to depositors in 2016. 

How will three state-owned banks raise charter capital?

Of the three state-owned banks, the largest in the economy, BIDV has the lowest CAR (capital adequacy ratio). 

Who is No 1 among the three biggest banks?

BIDV is the No 1 bank in terms of total assets and VietinBank is No 1 in stockholder equity, networks and high pay for workers.

Bank officers face risk of losing jobs amid technology wave

VietNamNet Bridge - Consumers’ rapid adoption of new technologies have forced commercial banks to invest big money to renovate technologies. Meanwhile, tens of thousands of bank officers fear they may lose jobs because of technology upgrades.

Hoang Anh Gia Lai considers selling 20,000 hectares of rubber area to Chinese

In an effort to generate cash flow for debt repayment, Hoang Anh Gia Lai Group will have to sell sugar refineries and possibly sell 20,000 hectares of rubber area to the Chinese.

Good news for Hoang Anh Gia Lai’s creditors

Sugar, palm oil and rubber, the three crops that Hoang Anh Gia Lai of Doan Nguyen Duc grows in Vietnam, Laos and Cambodia, have seen prices increasing in the context of a lower global supply due to climate change. 

Facing budget deficit, Finance Ministry demands dividend payments from SOEs

VietNamNet Bridge - The State invests in many enterprises as a big shareholder, but it sometimes does not receive dividends from enterprises, even though they make big profits. 

Rescue of Hoang Anh Gia Lai group stirs strong debate

VietNamNet Bridge - Will the government agreeing to save Hoang Anh Gia Lai Group, which has been bogged down in difficulties, two scenarios are possible. 

BIDV, VietinBank told to pay cash dividends

 The Ministry of Finance wants Bank for Investment and Development of Vietnam (BIDV) and Vietnam Bank for Industry and Trade (VietinBank) to pay 2015 dividends in cash.

Facebook accounts of bank clients hacked, money stolen

VietNamNet Bridge - Vietnamese clients of HSBC and BIDV have lost tens of millions of dong after having their international payment accounts hacked. 

VN Central Bank approves BIDV plan to open Yangon branch

 The State Bank of Viet Nam (SBV) on March 31 approved the Bank for Investment and Development (BIDV) of Viet Nam's plan to open a branch in Yangon city, Myanmar.