Banks’ charter capital surged in 2021 Business

Banks’ charter capital surged in 2021

Banks increased their charter capital by more than 110 quadrillion VND in 2021 - the highest annual growth to date - to enhance financial strength and meet the central bank’s regulations.
Banks rush to increase charter capital  Business

Banks rush to increase charter capital

Banks have rushed to increase charter capital at the end of the year in order to meet the capital adequacy requirements of Basel II and then Basel III, helping them increase their medium and long-term capital.
Vingroup sets up new energy, AI subsidiaries Business

Vingroup sets up new energy, AI subsidiaries

Two new subsidiaries under the Vietnamese conglomerate VinGroup – the VinES Energy Solutions JSC (VinES) and VinAI Artificial Intelligence Application and Research JSC (VinAI) – have been established with charter capital of 1,000 billion VND (43.68 million USD) and 425 billion VND, respectively.
HDBank to raise charter capital Business

HDBank to raise charter capital

The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) has announced plans to increase its charter capital to more than 20.273 trillion VND (879.48 million USD) by paying dividends for 2020 in shares and an employee stock option plan.
Vietcombank to raise charter capital again Business

Vietcombank to raise charter capital again

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) proposed raising its charter capital to over 50 trillion VND (2.17 billion USD) during its annual shareholders’ meeting on April 23.