HDBank pre-tax profit up record 51 percent in third quarter Business

HDBank pre-tax profit up record 51 percent in third quarter

The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank, HOSE: HDB) has reported impressive results in the third quarter of this year, with pre-tax profits increasing by a record 51 percent year-on-year to over 1.23 trillion VND (53.4 million USD).
HCM City to host Vietnam M&A Forum in August Business

HCM City to host Vietnam M&A Forum in August

The Vietnam M&A forum 2019, an annual event of mergers and acquisitions for domestic and foreign enterprises, will return in its 11th edition at GEM Conference Centre in Ho Chi Minh City on August 6.
Foreign investment in banking sector to surge Business

Foreign investment in banking sector to surge

The improved business performance of Vietnamese banks and a Government regulation to require local banks to meet stricter capital regulations as part of Basel II standards is spelling the start of a wave of foreign investment into the country’s finance and banking sector in 2019, experts said.
Thai firm to acquire Agribank subsidiary Business

Thai firm to acquire Agribank subsidiary

Thai financial firm Srisawad Corporation is looking to acquire the Finance Leasing Company I (ALC I) of the Vietnam Bank for Agriculture and Rural Development (Agribank) at an estimated cost of 523 billion VND (22.45 million USD).
Trade ministry to inspect major firms Business

Trade ministry to inspect major firms

The Ministry of Industry and Trade (MoIT) will conduct annual inspections on a number of State and private businesses in different sectors, including those involved in petroleum, telecommunications, pharmaceuticals and multi-level marketing.
FE CREDIT wins three prizes at CEPI Asia Awards Business

FE CREDIT wins three prizes at CEPI Asia Awards

VP Bank Finance Company Limited (FE CREDIT), one of the largest credit card issuers in Vietnam, scored a hat-trick of gongs at the 5th Annual Cards and Electronic Payments International (CEPI) Asia Awards 2018.
Finance companies slow credit growth Business

Finance companies slow credit growth

Consumer finance companies have been cutting credit growth to focus more on tightening internal governance and selecting solvent customers to target a safer and healthier development.