The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) sets to increase pre-tax profit by 12 percent year-on-year to 25.2 trillion VND this year, said Director-General Pham Quang Dung at a Hanoi conference on January 11.
China's foreign direct investment (FDI) in Thailand is expected to increase significantly over the next few years as Chinese investors are planning to expand their local footprint, a survey by Siam Commercial Bank (SCB) shows.
The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) recorded a bad debt ratio of 0.6 percent last year, the lowest so far and in the sector, compared to 0.78 percent in 2019.
Banks are sprinting to transfer the listing of shares from Unlisted Public Company Market (UpCom) to official bourses before the Law on Securities takes effect from the beginning of 2021, which would require two-year listing on UpCom before a public company could go to official bourses.
The Asian Development Bank (ADB) and the Government of Vietnam on December 22 signed a 5 million USD grant agreement, funded by the Women Entrepreneurs Finance Initiative (We-Fi), to support Vietnamese women-led small and medium-sized enterprises (WSMEs) whose access to finance has been weakened because of COVID-19.
The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has recently been honoured at four categories of the multinational financial services corporation Visa Inc.
Thailand’s economy will grow 4 percent in 2021, more than 1 percentage point lower than Southeast Asia’s average, according to the Asian Development Bank (ADB).
The COVID-19 pandemic has speeded up the banking sector’s awareness of digitisation by three to five years and forced lenders to accelerate the process to survive and grow.
A ceremony for the Vietnam Outstanding Banking Awards 2020 was held by the Vietnam Banks Association and International Data Group Vietnam (IDG Vietnam) on November 26 in Ho Chi Minh City.
VinaCapital Vietnam Opportunity Fund (VOF), the flagship fund of VinaCapital, announced that Asia Commercial Bank (ACB) had become its 5th largest investment.
For its almost 100 percent success rate in straight-through processing, the Ho Chi Minh City Development Joint Stock Commercial Bank has received the MT202 and MT103 STP awards for international payment services from J.P. Morgan Chase Bank.
The State-owned Vietnam Oil and Gas Group (PetroVietnam) has made it into the top three largest firms in Vietnam this year, the tenth year in a row, according to the latest ranking co-released by Vietnam Report (VNR) and e-newspaper VietNamNet.
Vietnam’s equity market may witness big merger and acquisition (M&A) deals in 2021 as local banks are trying to lure foreign capital on the country’s participation in international trade deals.
Vinh Phuc province views localities and businesses in the Republic of Korea (RoK) as its partners of top importance and a key factor in its international integration strategy, Hoang Thi Thuy Lan, Secretary of the Vinh Phuc Party Committee, has said.
Despite huge needs for capital loans, many businesses have not been able to access bank capital since most of their production premises, machines and equipment are rented.
Government-sponsored development banks of Japan, China and the Republic of Korea signed an agreement with major financial institutions in the Association of Southeast Asian Nations (ASEAN) to boost inter-bank cooperation during the ASEAN Plus Three Summit held virtually on November 14.
Forty of the largest companies by market capitalisation posted a 15 percent annual decline in total pre-tax profit, which fell to 162.8 trillion VND (7.02 billion USD) in January-September.
The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank, HOSE: HDB) reported pre-tax profits of 3.61 trillion VND (155.5 million USD) for the first nine months of 2020, a year-on-year increase of 31.9 percent and equivalent to 107 percent of the target.
Private corporate bonds raised in September dived from the previous month after a decree took effect to tighten the issuance on the corporate bond market.