BIDV

Update news BIDV

Given abundant liquidity and low demand for credit, banks are offering attractive loans during the year-end period.

Two former deputy general directors of BIDV face jail terms of 6-7 years

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).

BIDV case heading to court on July 20

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.

Banks sell mortgaged assets to resolve bad debts

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.

VN digital payment market reshaped because of new rules

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

BIDV plans to raise another $229.1 million  in charter capital

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).

 

BIDV puts auto firm Vinaxuki up for sale to recover bad debt

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...

VN banking sector: The ‘big four’ struggle to raise charter capital

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

Eight business fields to suffer most from Covid-19

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

Registered capital at major state-run banks to be raised in Q1

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

‘Big four’ banks turn into ‘big two’

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 banks in Vietnam swell 9.12% to over US$518 billion

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%.

Foreign banks may return soon

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.

Government backs capital hike plans for four State-owned banks

 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.

 

State-run Vietnam Rubber Group gets green light to list on HoSE

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.

Vietnam c.bank's new circular to turn US$1.73 billion required reserves to loans

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

Dollar billionaires and hot competition in the banking sector in 2019

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

Vietnam to consider reducing ownership at state-run commercial banks

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

Total assets of banks in Vietnam increase 9% to nearly US$520 billion

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%.

Vietnam's banking industry waits for big M&A deals

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.