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Update news chartered capital
Large foreign capital is being poured into Vietnamese enterprises, especially big companies in different business fields.
The time to apply standards in accordance with Basel II is nearing and commercial banks are rushing to raise chartered capital.
VietNamNet Bridge - Commercial banks will find it hard to maintain a high profit growth rate in 2019 as credit and retail banking services will still be the major driving force for bank growth.
The state-owned Vietcombank has received approval from the State Bank of Vietnam’s to raise capital, while BIDV is stepping up implementation of a plan to issue shares to specific shareholders.
VietNamNet Bridge - The entire banking system is expected to need VND63 trillion to increase their charter capital this year.
VietNamNet Bridge - The prosperity of the stock market in 2017 and the first months of 2018 has helped banks increase accumulated capital.
VietNamNet Bridge - Analysts believe that banks at year-end will ease interest rates, which will make loans more accessible for businesses.
VietNamNet Bridge - The minimum required investment capital of VND1 trillion to open a private university is expected to discourage investors, as it would be difficult to recoup the capital.
VietNamNet Bridge - Bankers have been cautious when asked if their plans to increase charter capital can be fulfilled this year.
VietNamNet Bridge - A number of banks have announced they will raise charter capital in 2017 after receiving approval from shareholders. But all of them are private, not state, banks.
VietNamNet Bridge - Figures released by the State Bank of Vietnam and financial reports by commercial banks show that total charter capital of 35 Vietnamese commercial banks reached VND331.069 trillion by December 31, 2015.
VietNamNet Bridge - The potential of the Vietnamese insurance market is great: total insurance premiums in 2014 reached VND52.68 trillion, an increase of 13.2 percent over 2013.
VietNamNet Bridge - A State Bank of Vietnam (SBV) report shows that total assets of joint stock banks have fallen by 0.47 percent, while the total assets of banks that were originally state-owned had increased by 2.49 percent by June 30, 2015.
VietNamNet Bridge - Some private economic groups have shown their intention to join the bank restructuring process by injecting money into banks which are undergoing restructuring.
VietNamNet Bridge - The number of newly established real estate firms in the first quarter of 2015 soared by 50 percent compared with the same period years before.
VietNamNet Bridge – Most banks have had to cancel or delay their plans to increase chartered capital because of current economic conditions.
Surprisingly, no commercial bank has asked for refinancing from the State Bank (SBV), although SBV is ready to disburse funds.
VietNamNet Bridge – A series of commercial banks tasted the failure when implementing their plans to raise chartered capital in 2013.
VietNamNet Bridge – A lot of commercial banks have successfully increased their chartered capital by dodging the laws.
VietNamNet Bridge – Commercial banks earlier this year all planned to issue shares to increase their chartered capital. However, they have made no moved so far to implement the plans.