law on dual roles rearranges top bank personnel

Law on dual roles rearranges top bank personnel

In order to comply with the new amendment on holding dual posts in commercial banks and enterprises, leaders of various banks, including LienVietPostBank and Nam A Bank took leave, signalling huge changes in the banks' board of directors (BOD).
shareholder activism tops banks agm agendas

Shareholder activism tops banks' AGM agendas

Over the past three years, the manipulation of voting rights or shareholder activism among leaders in the board of directors in Vietnam-based commercial banks was among the most debatable issues brought up at the banks' annual general meetings (AGM).
cross ownership wipe out in financial institutions to finish soon

Cross-ownership wipe-out in financial institutions to finish soon

Over the past three years, divestment activities stoked up the cross-ownership "wipe-out" among Vietnam-based financial institutions in order to strengthen ownership transparency.
bank tickers not losing charm

Bank tickers not losing charm

The recent divestments of foreign investors from bank tickers might not mean that the financial sector is losing its charm to foreign shareholders.
bank execs income in spotlight

Bank execs’ income in spotlight

As the banks’ AGM season is approaching, bank leaders’ incomes are coming into focus, with figures touching millions of dollars, even at banks that will not pay dividends to shareholders this year.
overseas remittances heating up for tet holiday

Overseas remittances heating up for Tet holiday

Over the course of January, the total overseas remittances wired from compatriots to families and relatives living in Vietnam saw a notable increase, especially with Tet Holiday just around the corner, offering domestic banks opportunities to foster overseas remittance wiring services, expand revenue, enhance the stability of the VND, and relieve the pressure on the USD/VND exchange rate.
foreign ownership limit drives investors from vietnamese banks

Foreign ownership limit drives investors from Vietnamese banks

Over the past three years, numerous foreign investors made noteworthy divestments at Vietnam-based commercial banks due to the inconsiderable ownership. 
finance banking stocks to become new craze in 2018

Finance-banking stocks to become new craze in 2018

A recent survey conducted by Vietnam Report revealed that finance and banking stocks would be the ones to watch out for in 2018 as a number of reputable financial institutions (FIs) schedule to hold their initial public offering (IPO) next year.
fed hikes show limited impact on overseas remittances

Fed hikes show limited impact on overseas remittances

Over the past several years, the foreign remittance inflows sent by over fours million Vietnamese workers living from 187 countries and territories have been steady, despite the Fed’ raising interest rates three times in 2017.
bank stock revival stokes purchasing fire

Bank stock revival stokes purchasing fire

The Vietnamese stock market has recently been showing signs of a revival in the market of bank stocks, with rising stock weight, growing trading volumes, and soaring degree of relative liquidity (DRL), whilst foreign investors and active shareholders flock to purchase huge amounts of bank stocks before the end of 2017.
ocb to become first in vietnam to successfully apply basel ii

OCB to become first in Vietnam to successfully apply Basel II

In late November, Orient Commercial Joint Stock Bank (OCB) successfully applied Basel II standards after two years of implementation, enabling the commercial bank to progress towards being one of the top ten best-performing financial institutions in Vietnam.
banks beset by long term accumulated losses

Banks beset by long-term accumulated losses

Numerous financial institutions such as Eximbank, Vietbank, CB Bank, Oceanbank, and GP Bank have failed in scraping away their million-dollar accumulated losses despite their ever-growing profitability over the past first three quarters of 2017, causing major concerns to shareholders.
domestic commercial banks accelerate foreign talks

Domestic commercial banks accelerate foreign talks

Aiming to reach the target to complete the selection the strategic investors before listing shares on the stock exchange, domestic banks are accelerating negotiations with foreign investors as well as propose the authorities to increase the foreign ownership limit (FOL) to lure in foreign investors.
us tightening anticipated minor impact on inward remittances

US tightening anticipated minor impact on inward remittances

US President Donald Trump’s announcement of tightening control over money outflows from the US, gave rise to concerns over possible impacts on inward remittance flows to Vietnam. Financial expert Huynh Trung Minh scrutinises the issue.
overseas remittances under downward pressure

Overseas remittances under downward pressure

Although the amount of remittance flows into Ho Chi Minh City in the first eight months of 2017 slightly increased compared to the same period last year, it is forecasted that the city’s overseas remittances might still decrease by the end of the year, mainly due to pressure from the Federal Reserve System's (Fed) policy.