Insurer Bao Viet’s revenue up 19 percent in Q1
Bao Viet Group posted nearly 8.1 trillion VND (348.2 million) in insurance revenue in the first quarter of 2019, a year-on-year increase of 19 percent.
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Bao Viet Group posted nearly 8.1 trillion VND (348.2 million) in insurance revenue in the first quarter of 2019, a year-on-year increase of 19 percent.
The Vietnam Maritime Commercial Joint Stock Bank (MSB) is planning to list its shares on the Ho Chi Minh Stock Exchange (HoSE) in the third quarter of 2019.
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.
The Saigon-Hanoi Commercial Joint Stock Bank (SHB) has a plan to increase its charter capital by over 5.53 trillion VND (237.48 million USD) to more than 17.57 trillion VND (754.5 million USD) via public offering of shares and paying dividends in the form of additional stocks.
The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) has targeted a pre-tax profit of more than 11.7 trillion VND (504.3 million USD) in 2019, representing a 10 percent year-on-year increase.
Malaysia has announced it will initiate an anti-dumping duty investigation on the imports of cold-rolled coils of iron or non-alloy steel originating or exported from four countries, including Vietnam, China, Japan and the Republic of Korea.
The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) has announced its audited financial report for 2018 with impressive numbers.
The Binh Son Refining and Petrochemical Company (BSR), a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam – PVN), grossed over 112 trillion VND (4.83 billion USD) in revenue in 2018 thanks to the production and sale of over 7 million tonnes of its products.
The Bank for Investment and Development of Vietnam (BIDV) was named the Best Retail Bank in Vietnam for five consecutive years by The Asian Banker Magazine.
Real estate and retail giant Vingroup plans to sell 250 million private shares to a maximum of five foreign investors in the remaining months of the year.
A plan approved by Prime Minister Nguyen Xuan Phuc targets that 11 percent of Vietnam’s population will have bought life insurance by 2020, and the rate will reach 15 percent by 2025.
Five Vietnamese have been named among the world’s billionaires in a list revealed by Forbes on March 5, one more person than last year.
Nearly 70 percent of 500 surveyed firms in Vietnam planned to expand their businesses in the near future as most of them were optimistic about business results in 2018.
The Vietnam Bank for Agriculture and Rural Development (Agribank) has been recently named in the top 500 strongest banks (AB500) in Asia-Pacific by the Asian Banker.
The profitability of Vietnamese banks has improved significantly, driven by growth in core income and robust macroeconomic conditions.
HDBank was recently selected as Asia best service and Vietnam market leader in the “Trade Finance Survey 2019” by the English-language monthly magazine Euromoney.
Many banks have seen their service earnings accelerate, buoyed by increasing investment for the business segment and rising market demands.
The State Bank of Vietnam (SBV) is planning to change its policy on reserve requirement ratios for credit institutions and foreign banks’ branches for the first time since 2011.
