TP Bank to raise charter capital to 461 mln USD Business

TP Bank to raise charter capital to 461 mln USD

The board of directors at the Tien Phong Joint Stock Commercial Bank (TP Bank, Stock code TPB) has approved an increase to the bank’s charter capital this year of 2.15 trillion VND, bringing it to 10.71 trillion VND (461.1 million USD) from 8.56 trillion VND.
VAMC establishing debt trading floor Business

VAMC establishing debt trading floor

The State-run Vietnam Asset Management Company (VAMC) is in the process of founding a debt trading floor for managing and updating information on debts, according to its latest report.
VietinBank plans to increase chartered capital Business

VietinBank plans to increase chartered capital

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.
BIDV clears bad debts at VAMC Business

BIDV clears bad debts at VAMC

The Bank for Investment and Development of Vietnam (BIDV) has cleared all non-performing loans it had previously sold to the Vietnam Asset Management Company (VAMC), the bank’s Chairman Phan Duc Tu said.
Vietnamese banks see improved solvency Business

Vietnamese banks see improved solvency

Banks in Vietnam posted solid profit growth and asset quality improvements in 2019, benefitting from the country's robust macro-economic environment, Moody's Investors Service said.