Vietcombank and MBBank to acquire Construction Bank and Ocean Bank

Vietcombank and MBBank to acquire Construction Bank and Ocean Bank

The State Bank of Vietnam (SBV) announced a decision for the mandatory transfer of CBBank and Ocean Bank to Vietcombank and MBBank, respectively, on October 17.
Mixed fortunes for profit in banks in 2024

Mixed fortunes for profit in banks in 2024

Bank profit in the first half of this year has been a mixed mag amid a still challenging business environment.
Vietcombank preparing to sell 6.5 per cent stake to Mizuho and other shareholders

Vietcombank preparing to sell 6.5 per cent stake to Mizuho and other shareholders

Vietcombank will sell 6.5 a slice of its charter capital to strategic shareholders.
Vietcombank begins selling gold bullion online

Vietcombank begins selling gold bullion online

Vietcombank started selling SJC-branded gold bullion online on June 12.
High-end customers pave the way for specialised financial product ecosystem

High-end customers pave the way for specialised financial product ecosystem

With the growth of the middle class in the Vietnamese market, amidst a positively growing economy, the number of high-end customers for financial institutions, banks, and securities companies is steadily increasing. Dau Thi Kim Nhung, head of Retail Marketing at Vietcombank, covers priority customer activities with VIR’s Hazy Tran.
Commercial banks' credit growth picture in Q1 through expert lens

Commercial banks' credit growth picture in Q1 through expert lens

Le Hoai An, a banking consultant and trainer at Integrated Financial Solutions, elaborates on the credit landscape in the first quarter of this year.
ACV secures $1.8 billion in syndicated loans for Long Thanh Airport, ensuring on-schedule completion by 2026

ACV secures $1.8 billion in syndicated loans for Long Thanh Airport, ensuring on-schedule completion by 2026

Airports Corporation of Vietnam (ACV) has secured a $1.8 billion loan to finance the construction of Long Thanh International Airport.
Banks seek to bolster financial standing with capital hikes

Banks seek to bolster financial standing with capital hikes

Vietnamese banks are embracing capital hike plans to boost financial capacity.
Banks predict increased profits in 2024

Banks predict increased profits in 2024

Banks expecting a rosier profit picture this year compared to 2023.
Banks saw profit spike in Q4

Banks saw profit spike in Q4

Several banks have reported significant profit for last year, with many considering cash dividends to reward shareholders.
Banks containing threats of bad debt

Banks containing threats of bad debt

Many banks experienced a surge in bad debts in the fourth quarter of last year, driving the need to consolidate capital buffers.
Banks remain prudent about 2024 targets

Banks remain prudent about 2024 targets

Despite seeing billion-dollar profits in 2023, many banks remain cautious about their 2024 business targets amid the current economic vulnerabilities.
Vietnam seeks Mizuho Bank's expertise

Vietnam seeks Mizuho Bank's expertise

Prime Minister Pham Minh Chinh has proposed a collaboration with Japan's Mizuho Bank for the restructuring of Vietnam's banking sector.
Vietcombank launches the Visa Infinite Credit Card

Vietcombank launches the Visa Infinite Credit Card

Vietcombank introduced the premium Visa Infinite Credit Card on December 1.
Meeting customer needs bolsters Vietcombank

Meeting customer needs bolsters Vietcombank

It is the time of the year that the demand for credit often soars to keep abreast with demand from individuals and businesses at the year-end. Nguyen Thanh Tung, CEO of Vietcombank, scrutinised the lender’s measures to bolster credit growth and surmount challenges in the current context with VIR’s Nhue Man.
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