Vietcombank

Update news Vietcombank

Vietcombank is heading to Australia and could open for business in Sydney within the next 12 months.

 

Vietcombank posts record profit of nearly $757.6 million

Bank for Foreign Trade of Vietnam (Vietcombank) reported $757.59 million in consolidated profit in the first nine months of this year, surging 50.6 percent from the same time last year and reaching 85.8 percent of the yearly plan.

Different scenarios for VN-Index in Q4

Brokerages proposed different scenarios for the movement of VN-Index from now until the end of the year depending on the world's economic growth prospects.

Hong Kong-based insurer likely to reach deal with Vietcombank

Insurer FWD Group Ltd. is nearing an agreement to pay about $400 million for a unit of Vietcombank, and a long-term insurance distribution agreement with the bank, Bloomberg reported.

 

How big are Vietnamese banks?

The 11 top commercial banks have total assets of over $10 billion, while nearly 15 smallest banks have l total assets of less than VND100 trillion. The rankings of banks have changed a lot over the last decade.

The ‘big four’ banks thirsty for foreign capital

Initial encouraging results have occurred after efforts were made to reduce the need for capital from banks where the state holds the controlling stake.

Local banks need to build on 1H results

Local banks posted notable results in the first half but a good second half is not a given.

SOE equitisation lists fizzle up M&A

Following a muted 2018 and first half of 2019, experts are pining for a new surge in state divestments and equitisations, buoyed by new regulatory frameworks.

 

VN banks thrive with satisfactory profits, despite low credit growth

Many commercial banks have reported profits of trillions of dong in the first half of the year.

BIDV, Vietcombank, and Vietinbank amass nearly $2 billion in bad debts

Growing bad debts reaching hundreds of millions of US dollars keep pressuring BIDV, Vietcombank, and VietinBank.

 

VN banks make big profits but share prices fall

Despite good business results, 11 out of 17 listed commercial banks saw share prices decrease in the first half of the year.

How should state companies hire and use foreign talent?

Vietnam needs talents to build an economy with modern corporate governance, but problems remain at the state level.

Banks announce impressive profits in first half of 2019

Domestic banks have unveiled positive business performance results in the first half of this year, with some new records being set.

Vietnamese banks expect big inflow of foreign capital

Tens of trillions of VND is expected to be poured into Vietnamese banks by foreign investors in 2019 and 2020 as negotiations on many deals are running smoothly.

Forex reserves reach highest level to date

The State Bank of Vietnam (SBV) obtained a large amount of foreign currencies in the first half of 2019, pushing foreign exchange reserves recorded in the period to the highest level to date.

Share price slump may hinder Vietcombank’s plan

Vietcombank is offering to sell 6.5 percent of shares to foreign investors this year in a plan to raise charter capital.

 

JBIC provides $200 mln credit for Vietnam’s energy projects

The Commercial Bank for Foreign Trade of Vietnam (Vietcombank) and the Japan Bank for International Cooperation (JBIC) exchanged a credit contract worth $200 million to fund renewable energy projects in Vietnam.

The kings of cash

The total amount of cash that businesses held at the end of 2018 hit VND433 trillion.

 

Vietnam’s 50 best-performing firms announced

The list of Vietnam’s 50 best-performing companies (Top 50) was announced by the Nhip Cau Dau Tu (Investment Bridge) magazine and Thien Viet Joint Stock Company in Ho Chi Minh City on June 27.

Vietcombank licensed to open office in New York

The New York State Department of Financial Services has granted operating license to the Commercial Bank for Foreign Trade of Vietnam (Vietcombank) to open a representative office in New York.