BIDV

Update news BIDV

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.

Scrapping foreign ownership cap boosts stock prices

 VietNamNet Bridge – On February 21 Vinh Hoan Fisheries Joint Stock Company (VHC) became the third listed company to offer 100 per cent of its ownership to foreign investors after Government Decree 60/2015/ND-CP took effect.

First Vietnamese bank opens branch in Myanmar

 VietNamNet Bridge - The Bank for Investment and Development of Vietnam (BIDV), along with three other banks from Taiwan, South Korea and India, have been approved by the Government of Myanmar.

Banks to raise capital to meet Basel II standards

 VietNamNet Bridge – Large local banks, which are chosen by the State Bank of Viet Nam (SBV) to apply Basel II governance standards, are trying to increase capital to meet the standards.

Two BIDV board members suspended

 Two board members of the Bank for Investment and Development of Vietnam (BIDV) have been suspended from their posts to facilitate a police probe into their alleged irregularities.

Vietnamese banks could be taken over by regional big banks

VietNamNet Bridge - When the ASEAN Economic Community takes effect, Vietnam will have to allow up to 70 percent of foreign ownership ratio in Vietnamese banks.

Vietcombank, BIDV, VietinBank: Which bank has the most bad debt?

VietNamNet Bridge - As of September 30, BIDV had taken the lead for bad debt among the three largest State-owned commercial banks of Vietnam, followed by Vietcombank with over VND7,100 billion and VietinBank, with approximately VND4,700 trillion.

Trade with Russia proves tricky for firms

 VietNamNet Bridge – Domestic exporters have missed many business opportunities in Russia because of lack of market information, payment difficulties and high shipping fees, experts have said.

Which bank is the “richest”?

 VietNamNet Bridge - The total assets of the banking system reached nearly $310 billion last year, up 12.2% compared to 2013, State Bank of Vietnam (SBV) has reported.

The positions of three major banks in Vietnam after mergers

 VietNamNet Bridge – How will the position of the three state commercial joint stock banks in Vietnam - Vietinbank, Vietcombank, BIDV - change after their mergers?

M&A activity tipped for another strong year

 VietNamNet Bridge – In an interview late last year with a Wall Street Journal reporter, the State Bank of Vietnam’s Deputy Governor Nguyen Thi Hong said it was encouraging weak banks to voluntarily restructure themselves in 2015