Business

Bank capital rules help lift shares

Stock indices returned to positive territory on Serpt.9, following a message from the State Bank of Vietnam that it would revise strict new rules on the capital adequacy ratio of commercial banks.
Business

Vietcombank to sell stake in Eximbank

Vietcombank will sell 5 million shares it holds in Eximbank, representing a 1.26-percent stake, as part of its effort to restructure its investment portfolio and meet stricter capital adequacy ratio (CAR) requirements, Vietcombank management board member Le Thi Hoa told Vietnam News on August 11.
Business

Vietcombank posts 146mln USD in profit

Partly-equitised Vietcombank posted a creditable pre-tax profit of 2.8 trillion VND (145.83 million USD) to June 30, up 7.3 percent against the same six months of last year.
Business

Vietcombank readies bond issue totalling 265 mln USD

Vietcombank will issue bonds totalling 5 trillion VND (264.55 million USD) to generate capital for business development, improve infrastructure and ensure a capital adequacy ratio of at least 10 percent of total capital, under a plan approved this week by the State Bank of Vietnam.
Business

Vietcombank lowers this-year profit target

Vietcombank shareholders on April 19 approved a lower profit target for the year, cutting the bank’s estimated take this year by 10 percent from earlier forecasts to 4.5 trillion VND (236.84 million USD).
Business

HSBC Vietnam shows firm growth in first report

HSBC Vietnam, which upgraded from a branch into a foreign bank in Vietnam early last year, yesterday announced strong growth in 2009 despite the global financial crisis, with all segments turning in profits.