VPBank, Proparco cooperate to promote green credit in Vietnam Business

VPBank, Proparco cooperate to promote green credit in Vietnam

VPBank and Proparco - the private sector financing branch of Agence Française de Développement (AFD) have signed a 50-million-USD loan with the aim of supporting climate-friendly initiatives, green and energy efficient projects, as well as small-and-medium enterprises (SMEs) in the country.
KEB Hana named strategic shareholder of BIDV Business

KEB Hana named strategic shareholder of BIDV

KEB Hana Bank of the Republic of Korea (RoK) has become a strategic shareholder of the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV), helping the latter to have the biggest charter capital among Vietnamese banks.
M&A value reaches 5.43 billion USD in seven months Business

M&A value reaches 5.43 billion USD in seven months

The value of the merger and acquisition (M&A) deals in Vietnam reached 5.43 billion USD in the first seven months of this year, according to data released on July 23 by the AVM Vietnam, a co-organiser of the Vietnam M&A Forum 2019.
BIDV sells 15 percent stake to RoK’s KEB Hana Bank Business

BIDV sells 15 percent stake to RoK’s KEB Hana Bank

The Bank for Investment and Development of Vietnam (BIDV) will float more than 603 million new shares, or 15 percent of its stake to the Republic of Korea’s KEB Hana Bank under its resolution No.696/NQ-BIDV issued on July 22.
Foreign investment in banking sector to surge Business

Foreign investment in banking sector to surge

The improved business performance of Vietnamese banks and a Government regulation to require local banks to meet stricter capital regulations as part of Basel II standards is spelling the start of a wave of foreign investment into the country’s finance and banking sector in 2019, experts said.