Keyword: "VietBank"

The move of shares from UPCoM to HoSE is expected to create more room for the banks to raise capital, improve stock liquidity and enhance information transparency, thereby meeting the higher standards of a centralised stock market.

The drive toward listing is part of a broader strategy among banks to strengthen capital bases.

To maintain growth momentum, banks should strengthen their internal capabilities, enhance risk management, improve their financial health and diversify channels for mobilising medium- and long-term capital.

Many banks have reported good business performance in the first nine months of the year thanks to decreasing provision costs and rising income from services.

The Vietnam Thuong Tin Commercial Joint Stock Bank (VietBank) targets to list its shares on the Unlisted Public Company Market (UPCoM) within a year of increasing charter capital to more than 4.25 trillion (181 million USD) in 2018.

Banks are investing significantly in retail banking services instead of only focusing on corporate lending in the hope of gaining higher profits from the potential segment this year.