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Update news Vietinbank
VietNamNet Bridge – Lawyers have warned that if VietinBank denies the responsibility for its worker’s behavior of appropriating institutions’ and individuals’ money, depositors would keep away from banks.
VietNamNet Bridge – Ho Chi Minh City prosecutors on January 13 demanded life imprisonment for Huynh Thi Huyen Nhu, former deputy chief of the Risk Management Department of the Vietnam Joint Stock Commercial Bank for Industry and Trade,
Local shopping website signs deal with Sumitomo; Viettel expands mobile market in Cameroon; HP unveils SME-tailored servers; Thai Nguyen steel mill starts work
VietNamNet Bridge – In this list are the corporations in the fields of oil and gas, power and finance-banking.
Vietinbank targets capital of over 1.7 billion USD; Banks see profit targets beyond reach; DHG transfers brand to Thai partner; Accenture suggests solutions to raising port efficiency
VietNamNet Bridge – Sheer greed and poor governance, coupled with lax State management, have made the banking system the biggest sinner in the current economic situation, economists said.
Vietinbank, which ranks the 1,764th in the Forbes Global 2000 hopes it can get in-grade promotion, while other Vietnamese businesses hope their names would enter the list one day.
The Bank of Tokyo’s investment in Vietinbank was the biggest merger and acquisition (M&A) deal in 2012. Foreign groups now keep pouring money into the insurance and building material enterprises.
VietNamNet Bridge - The Forbes Magazine has published the Forbes Global 2000 list of the largest and most powerful companies in the world. Vietinbank ranks 1,764th. In terms of profitability, the Vietnamese bank ranks 1,682th and 874th for property.
VietNamNet Bridge – Only three Vietnamese bonds are listed on the international market, and their liquidity remains low.
VietNamNet Bridge – Commenting about the deal of Vietinbank, one of the Vietnamese biggest commercial bank, sells stakes to The Bank of Tokyo - Mitsubishi UFJ (BTMU), the Vietnamese bank has obtained big gains.
VietNamNet Bridge – Pre-tax profits of Vietcombank and VietinBank, two large banks with majority State ownership, rose slightly in 2012 despite tough challenges facing the banking industry.
VietNamNet Bridge - The deal signed today, December 27, between Tokyo Mitsubishi UFJ and Vietinbank can become a record M&A transaction in the financial sector of Vietnam when the investment value is up to $743 million.