Techcombank

Update news Techcombank

Banks seek foreign capital, but not foreign strategic shareholders

VietNamNet Bridge - Some Vietnamese banks have revealed they are negotiating with foreign partners on capital contributions. 

Vietnamese banks thrive following foreign partners’ divestment

VietNamNet Bridge - Concerns were once raised when a number of foreign partners decided to divest from Vietnamese banks, but banks’ financial reports show satisfactory business performances.

Consumer credit market sees more M&A deals

VietNamNet Bridge - The increased presence of foreign investors in M&A deals of finance companies shows the attractiveness of the consumer credit market.

The outstanding bankers of 2017

VietNamNet Bridge - Bankers Ngo Chi Dung, Duong Cong Minh and Dang Khac Vy frequently appeared in local media in 2017. 

Foreign strategic investors at domestic banks: assets or problem?

VietNamNet Bridge - The divestment of a number of foreign strategic investors from Vietnamese banks is a sign that foreign technology doesn’t always help.

Where is Vietnam’s banking system on the region’s map?

VietNamNet Bridge - Phan Minh Ngoc, an economist, analyses the indexes to show the health of Vietnamese banks.

Wanted notices issued for two former bank officials

 VietNamNet Bridge – The Ministry of Public Security has issued wanted notices for two officials of Techcombank’s HCM City branch.

Techcombank appoints new CEO

  The Vietnam Technological and Commercial Joint-stock Bank, or Techcombank, appointed Nguyen Le Quoc Anh, its former deputy chief executive officer, as its new chief executive officer on September 23, 2016.


Techcombank changes CEO

 VietNamNet Bridge – Mr. Nguyen Le Quoc Anh, Director of Strategy and Bank Development, will temporarily replace Mr. Murat Yuldashev as the CEO of the Vietnam Technological and Commercial Joint Stock Bank (Techcombank).

Banks earn high revenue from VIP clients

Credit is believed to be the service which feeds Vietnamese banks. However, the banking services provided to VIP customers make up 60-70 percent of revenue of many bank branches.

Vietnam Airlines to operate using equitisation company model

 VietNamNet Bridge – National carrier Vietnam Airlines (VNA) will officially start operations, following the model of an equitisation company, from April 1 this year.

State changes state-owned banks’ leadership

 VietNamNet Bridge – New faces have appeared holding the key positions at state-owned banks and at banks in which the State holds a  controlling stake.

BUSINESS IN BRIEF 24/11

TPP predicted to hit small farms; Farmers concerned over domination by FDI companies; Cocoa sector in search of fresh way forward; New land price framework issued; Rising demand for electricity to leave power plants short of coal

Investors buy 49 million Vietnam Airlines shares

 The national flag carrier Vietnam Airlines sold more than 49 million shares worth 1,093 billion VND (52.05 million USD) at its initial public offering (IPO) at the HCM City Stock Exchange on November 14.

BUSINESS IN BRIEF 23/10

 Techcombank appointed to support Metro No.2 project; Cai Mep-Thi Vai authority proposed; Ocean Dune golf course controversy continues; Capital suffers office for lease redundancy; office for lease

BUSINESS IN BRIEF 17/9

 VN looks to lift shrimp industry; External capital needed in struggle to resolve bad debts; Rubber exports predicted to fall; Textiles and garments top exports again; Lack of foreign language skills disadvantages Vietnamese firms

BUSINESS IN BRIEF 12/9

Vietnam joins Summer Davos forum 2014; Vietnam issues rules for securities lending; Foreign banks offer syndicated loan to VietinBank; Building materials industry under realignment; Vung Ro oil refinery to turn out first products in 2020

BUSINESS IN BRIEF 17/8

 Techcombank before tax earnings up 45%; VN could become world's top animal food exporter; Vietnam’s first hybrid rice R&D station opens; Australian initiative aims for fair trade competition in Vietnam; Exports to US continue to trend upwards

BUSINESS IN BRIEF 18/11

 HCM City’s foreign-currency credits tumble; Vietnam eyes labour cooperation with Middle East, North Africa; BIDV receives Asia Risk award; Mekong Delta looks towards green economy

BUSINESS IN BRIEF 6/11

 Bailout disbursed in dribs and drabs into real estate; SBV puts forward plan to increase lending given low credit growth; Vietnam Airlines to sell 2.7pct stake in Techcombank; Gov’t asked to contain inflation to attract more investors