Vietcombank

Update news Vietcombank

If the four state invested banks cannot raise their charter capital, the safety of their operations will be affected, according to the Vietnam Banking Association (VNBA).

Forbes Global 2000 list has four Vietnamese firms

Four Vietnamese firms have been named in this year’s Global 2000 list by Forbes, an annual ranking of the world’s biggest and most powerful public companies.

Vietnam’s banks strive to meet Basel II standards

Vietnam’s banks are having difficulties meeting Basel II standards, including the quality of database, the qualifications of staff, technology infrastructure, training, and budget for consultants.

Banks ignite ‘zero-dong service’ competition

After Techcombank announced its ‘zero-dong service’ policy, in which its clients pay no fee for some kinds of services, other banks have followed the move.

Vietnam Airlines gets green light to list shares on HoSE

With a par value of VND10,000 (US$0.43), the total value of the share amount in subject is VND14.18 trillion (US$611.64 million).

Vietnamese banks prepare for Basel II standards

VietNamNet Bridge - Vietcombank and VIB Bank have become the two first Vietnamese banks which have received approval from the State Bank of Vietnam (SBV) to apply Basel II standards.

Vietnam’s banks: small capital, low technology, bad debt

VietNamNet Bridge - While commercial banks in the world are changing fast to adapt to the 4.0 industrial revolution, Vietnam’s banks are still busy trying to raise capital.

Foreign capital returns to Vietnam’s banks

VietNamNet Bridge - Vietnam’s banking sector, after overcoming a difficult period because of high bad debt in 2012-2014, has begun recovering.

‘The big five’ in Vietnam’s banking system

The big five are state -owned banks Agribank, BIDV, VietinBank and Vietcombank, and Saigon Commercial Bank (SCB), a joint stock bank with the fifth largest total assets in the system.

Vietcombank prepares for private placement to foreign investors

Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has come closer to a private placement of 579.7 million shares to foreign investors in a move to raise charter capital to VND39.57 trillion.

Bankers to divest shares to clear cross-ownership status

VietNamNet Bridge - A number of commercial banks are rushing to divest shares to withdraw capital they contributed to other banks many years ago.

Credit card race heating up with more competitors

Small banks and finance companies are now rushing to issue credit cards and compete with big banks as they believe the development potential of the credit card market remains great.

Vietnam’s banks prepare to go abroad

VietNamNet Bridge - Vietnam’s leading banks Vietcombank, BIDV and VietinBank will have to list shares on overseas bourses under a plan for the next eight years.

Banks to hike service fees this month

After two months postponing the increase in service fees for ATM cash withdrawals as required by the central bank, some commercial banks have now resumed the plan, announcing that a new service fee framework will apply from the middle of this month.

VN bank shares continue to lure foreign capital

VietNamNet Bridge - The stock market is still seeing foreign investors pour money into bank shares, analysts say.

Vietnam expects big changes in bank rankings after capital increases

VietNamNet Bridge - The entire banking system is expected to need VND63 trillion to increase their charter capital this year.

Banking fees increase, e-wallets favored

VietNamNet Bridge - As commercial banks have increased Internet Banking, Mobile Banking and cash withdrawal service fees, clients have shifted to use e-wallets which are convenient and free.

BUSINESS IN BRIEF 19/5

 Vietcombank, PV GAS up co-operation, Retail sales, services revenue up by 10.1%, Hanoi apartment project accused of cheating customers, South Korea travel firms seek more Vietnamese arrivals          

Making fat profits, banks pay big dividends

VietNamNet Bridge - Most commercial banks have announced plans to pay big dividends, but there are some banks which have not paid dividends over the last 10 years.

Bank bosses leave ‘hot seats’ because of new state regulation

VietNamNet Bridge - Big changes in key personnel have been among the hottest issues discussed at banks’ shareholders’ meetings this year.