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Update news VietinBank
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.
The ambitions cherished and the goals targeted by Vietnamese businesses
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 biggest so far M&A deals in Vietnam
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.
First Vietnamese representative in the list of world's largest companies
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.
Vietnamese bonds failing to compete in overseas markets
VietNamNet Bridge – Only three Vietnamese bonds are listed on the international market, and their liquidity remains low.
What Vietinbank seeks when selling stakes to Japanese bank?
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.
Major State-owned banks report profits for 2012
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.
The record M&A affair in the banking sector
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.
