Vietnamplus

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has reported an impressive pre-tax profit of 17.3 trillion VND (740.1 million USD) in the first half of 2022.

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) posted credit growth of nearly 3.7 percent in the opening quarter of 2021, a record high for many years, Chairman of the Board of Directors Nghiem Xuan Thanh has said.

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) – one of the major banks in Vietnam - on February 22 announced that it will reduce the interest rate on all existing loans for three months until May 22.

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) recorded a bad debt ratio of 0.6 percent last year, the lowest so far and in the sector, compared to 0.78 percent in 2019.

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has recently been honoured at four categories of the multinational financial services corporation Visa Inc.

Many banks have gained significant profit increases from foreign exchange (forex) trading this year, figures show.

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) plans to increase its charter capital for the 2020-2021 period by paying dividends in shares and issuing additional shares, according to documents of the upcoming annual shareholders’ meeting scheduled for June 26.

The National Payment Corporation of Vietnam (NAPAS) and the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) on April 16 announced a COVID-19 discount programme for businesses providing transportation services.

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has introduced a second interest rate cut to help companies and individuals hurt by the COVID-19 pandemic.

Domestic banks are in a position to complete their 2019 profit targets if they finish the year on a high.

Vietcombank is heading to Australia and could open for business in Sydney within the next 24 months.

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has been named the Best Domestic Bank in Vietnam, the Best Bank for SMEs in Vietnam and the Most Outstanding Company in Vietnam – Financial Sector by Asiamoney magazine.

Insurer FWD Group Ltd. is nearing an agreement to pay about 400 million USD for a unit of the Bank for Foreign Trade of Vietnam JSC (Vietcombank), and a long-term insurance distribution agreement with the bank, Bloomberg reported.

Five Vietnamese companies are among the 300 largest and fastest-growing businesses in Asia, according to Nikkei Asia Review's exclusive ranking.

Seeing the potential from a population of 96 million and the 2018 per capita GDP of 2,590 USD, Vietnamese banks are racing to develop retail markets.

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has offered to sell more than 2.3 million shares it owns in the national carrier Vietnam Airlines.

Four banks are seeking all possible ways to increase charter capital and some of them have succeeded but they found it not easy.

Capital limitations hinder banks from meeting regulations on capital adequacy ratio (CAR) and performing their business due to a series of other regulations.

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) was the only Vietnamese bank chosen to offer money exchange service at the DPRK-USA Hanoi Summit Vietnam’s International Media Centre.

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has officially completed a plan to reduce its holding ratio at other credit institutions to below 5 percent as required by the central bank.