The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) plans to collect 5.07 trillion VND (217 million USD) in pre-tax profits this year, an increase of 27 percent compared to 2018.
Hoa Sen Group shipped 15,000 tonnes of steel sheets worth 12 million USD to Mexico from Nghi Son port in the central province of Nghe An on April 22.
The State Bank of Vietnam (SBV) has assigned a credit growth limit to each commercial bank in 2019, with priority given to those who met Basel II’s capital safety and risk management standards ahead of schedule.
Vietnam’s leading clean energy event, The Solar Show 2019, is being held in Ho Chi Minh City from April 3-4, attracting thousands of exhibitors and experts from countries and territories worldwide.
The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) has announced its audited financial report for 2018 with impressive numbers.
The International Finance Corporation (IFC) – a sister organisation of the World Bank and member of the World Bank Group - and the Orient Commercial Bank (OCB) on March 27 signed a cooperation deal on a 100 million USD credit package and a consultancy programme to promote supply chain financing.
Banks have to mobilise long-term capital at high costs by issuing certificates of deposit (CD) in Vietnamese dong with high interest rates to lure depositors, causing concerns about a domino effect on lending rates.
Investors may keep betting on bank stocks this week, securities firms said, but selling pressure may weigh on the market’s overall performance as local stocks are considered as being overbought in recent days.
Many banks have recently announced they will recruit a large number of personnel to meet their business expansion plans in 2019.
The Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) on March 15 unveiled its joint project with the central Quang Ngai People’s Committee on building 150 charity houses for local needy residents.
Listed companies on the Hanoi Stock Exchange (HNX) reported their profits grew 11.4 percent year on year to reach 19.93 trillion VND (855.6 million USD) in 2018.
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.
As blockchain disrupts the banking and finance industry, experts urged caution was needed in its application together with a proper legal framework to limit risks and ensure development is on the right track.
The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has become one of the 30 strongest banks in the Asia-Pacific region in the recent rankings of The Asian Banker magazine.
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.
Vietnamese banks are forecast to gain in profitability this year, but raising capital will be a key focus for banks to meet the State Bank of Vietnam’s strict Basel II requirements.
The Bank of Thailand (BoT) is finishing the testing of facial recognition software for the electronic Know Your Customer (e-KYC) technology in the regulatory sandbox, paving the way for banks to offer passbook account opening through mobile banking apps in the second quarter of 2019.
The Military Commercial Joint Stock Bank (MB) ranked third among 14 Vietnamese banks in the list of 500 strongest banks (AB500) in Asia-Pacific recently released by The Asian Banker.
