The International Finance Corporation (IFC), a member of the World Bank Group, announced on August 11 that it will provide a 70 million USD loan to Indo Trans Logistics Corporation (ITL Corp), with the aim of improving logistics, trade and competitiveness in Vietnam’s economy amid the COVID-19 pandemic.
The Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) planned to increase its chartered capital from its accumulated profits or paying dividend by stocks. The plan is being completed by the competent State agencies to complete the legal procedures for implementation.
Leaders of the State Bank of Vietnam (SBV) and commercial banks have asked the government to promptly handle capital increase for State-owned commercial banks.
The Orient Commercial Joint Stock Bank (OCB) has successfully issued shares worth more than 900 billion VND (over 39.6 million USD) to increase its chartered capital.
Many investors have shown their keen interest in the equitisation of the Vietnam National Shipping Lines (Vinalines) as the country’s biggest sea transport company plans to hold their initial public offering (IPO) in early September.
The Vietnam Prosperity Joint Stock Commercial Bank (VPBank) plans to increase its current chartered capital from 15.7 trillion VND (around 691.6 million USD) to 27.8 trillion VND (1.22 billion USD) in 2018, the bank announced at its shareholders’ recent meeting.
The Vietnam Airlines Corporation has announced that it will issue over 191 million shares for existing shareholders at 10,000 VND each to increase its chartered capital.
The Housing Development Commercial Joint Stock Bank (HDBank) has been allowed to increase its chartered capital from more than 8.828 trillion VND (392.3 million USD) to 9.908 trillion VND.
The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) will increase chartered capital to almost 8.83 trillion VND (389 million USD) by issuing 56.7 million shares.
Prime Minister Nguyen Tan Dung has approved the equitisation plan to transform the State-owned Vietnam National Construction Consultants Corporation (VNCC) into a joint stock company on January 15.
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