Vietinbank

Update news Vietinbank

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

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.

 

Good short-term effects for Vietnam after Fed's rate cut

The US Federal Reserve’s latest rate cut will benefit commodity and equity markets in the short term, according to specialist Nguyen Tri Hieu.

 

Old-style growth model for VN banks is outdated

Credit was the major source of income of banks. In 2018, when credit grew by 14 percent compared with the years before, the profit of banks increased by 40 percent, according to the National Finance Supervision Council.

Credit growth expanded 7.33 percent in H1

The banking sector reported a credit growth of 7.33 percent in the first half of this year compared to the end of 2018, Governor of the State Bank of Vietnam (SBV) Le Minh Hung said.

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.

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.

Banks report high profits, but decide not to pay dividends

Banks, which all reported big profits for 2018, are using the money to improve their financial capability.

Bad debt handling to be audited

The handling of bad debt among credit institutions would be audited this year in order to formulate recommendations for effectively implementing a National Assembly resolution, according to the State Audit Office of Viet Nam (SAV).

 

Big banks face challenges raising charter capital

VietNamNet Bridge - Raising charter capital is the biggest challenge in 2019 not only for small joint stock banks but also for big state-owned banks.

Banks sprinting to implement capital increase plans

VietNamNet Bridge - Commercial banks only have one month to implement business plans set earlier this year and raise charter capital to meet international standards.

Foreign ownership in banks: how high should it be?

BIDV, one of Vietnam’s largest banks, is issuing 603 million shares to the foreign strategic investor KEB Hana Bank from South Korea. If the deal succeeds, KEB Hana Bank would hold 17.6 percent of shares in BIDV. 

Positive signs from Vietnam’s banks as credit ranking rises

The world’s leading credit rating firms have ranked Vietnamese commercial banks at higher positions this year, reflecting the success of monetary policy and efforts made by commercial banks.

‘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.

Banks report huge profits, bank shares’ golden days return

Investors, impressed by banks’ high profits, have been rushing to buy bank shares, pushing prices up.

11 Vietnamese banks have combined total assets of $10 billion

The finance reports from the first half of the year show that Vietnam has three banks with combined total assets exceeding VND1,000 trillion, or $50 billion, while 11 banks have total assets of over $10 billion.

Vietinbank finish 7th in volleyball champs

Viet Nam’s Vietin Bank finished seventh in the 2017 Asian Women’s Club Samruk Kazyna Volleyball Championship at the Boris Alexandrov Sports Palace in Kazakhstan yesterday.

Vietinbank ousted in Asian volleyball club competition

Viet Nam’s Vietinbank were headed home after losing to Japan’s Hisamitsu Springs in the Asian Women’s Club Samruk Kazyna Volleyball Championship in Kazakhstan on Saturday.

Automation war breaks out among young banks

VietNamNet Bridge - Young commercial banks in Vietnam have geared up to automate retail banking services in order to compete with older banks.

Big changes expected in banks’ key personnel

VietNamNet Bridge - The race of candidates for ‘hot seats’ at commercial banks is heating up as the shareholders’ meeting season has begun.