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.