VietinBank to receive over 300 million USD in State capital Business

VietinBank to receive over 300 million USD in State capital

The Government has approved a plan to invest an additional 6.977 trillion VND (303.2 million USD) in State capital in the Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) so as to maintain the State’s ownership percentage at this bank.
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.
Greater efforts needed to tackle bad debts: Experts Business

Greater efforts needed to tackle bad debts: Experts

The Government has directed the State Bank of Vietnam (SBV) to add non-performing loan (NPL) settlement regulations under Resolution No.42/2017/QH14 into the revised Law on Credit Institutions, SBV Deputy Governor Nguyen Kim Anh has said.
HD Bank’s profit up 31.5 pct. in H1 Business

HD Bank’s profit up 31.5 pct. in H1

The HCM City Development Joint Stock Commercial Bank (HD Bank) reported impressive results on August 3 for the first half of 2020, with pre-tax profit growing 31.5 percent year-on-year to over 2.9 trillion VND (124.3 million USD).
Techcombank to issue 4.7mn shares to employees Business

Techcombank to issue 4.7mn shares to employees

The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) plans to issue 4.7 million shares to current employees under its employee stock ownership plan (ESOP), at a price of 10,000 VND (0.43 USD) per share.
New study sheds light on bank performance Business

New study sheds light on bank performance

The process of restructuring commercial banks in Vietnam mostly focusses on mitigating negative effects and not on promoting positive factors, one of which is the increase in private ownership.