Lenders advocating for improved charter capital mechanisms
By Tri Lam
January 13, 2022 | 09:00
Amid an urgent need for business expansion, privately-run commercial banks are executing their charter capital enhancement path, while some state-owned banks are requesting the government’s extraordinary mechanism using public budget.
Alexandre Macaire, former HSBC Asia Pacific executive, to be the new CFO of Techcombank
By Luu Huong
January 12, 2022 | 11:42
Hanoi-based lender Techcombank has just named Alexandre Macaire, the former HSBC Asia Pacific top executive, to be the new CFO.
FLC chairman Trinh Van Quyet to be heavily fined for negligence to publicly report stocks sale
By Lam Tien
January 12, 2022 | 10:15
Following a trading violation by FLC’s Group chairman Trinh Van Quyet, the Ho Chi Minh Stock Exchange (HSX) annulled Monday's sale of 74.8 million shares of conglomerate FLC and suspended his accounts.
Shares nosedive on late massive selling
January 11, 2022 | 10:55
Shares nosedived on Monday due to the fall of real estate stocks caused by massive selling at the end of the trading session.
Will AEON Group acquire MSB's consumer finance company FCCOM?
By Celine Luu
January 10, 2022 | 11:27
The Board of Directors of MSB announced the planned sale of FCCOM, and AEON Group is allegedly the most viable acquirer for MSB’s consumer finance firm.
Banks begin to hike deposit interest rates
January 10, 2022 | 11:02
In October, the average interest rates on bank deposits for six months and 12 months were 4.7 per cent and 5.5 per cent, down half a percentage point from a year earlier, according to Bao Viet Securities Company.
Domestic insurance market expects double digit growth in 2022
January 10, 2022 | 10:47
Hanoi - The country’s total insurance premium revenue in 2022 is estimated at VND253.7 trillion (US$111.1 million), up 18.04 per cent compared to 2021, according to the Department of the Insurance Supervisory Authority.
Listed company awards highlight greener progress
By Bich Ngoc
January 08, 2022 | 20:00
The Vietnam Listed Companies Awards 2021 last week honoured 38 companies with an exclusive disclosure on managing risks in climate changes, accounting, internal control, operations, and information technology.
Businesses urged to usher in sustainability era
By Luu Huong
January 08, 2022 | 18:26
Though Vietnam has pledged to achieve net zero by 2050, sustainability awareness remains an obscure concept among listed enterprises. Therefore, a shared understanding of what constitutes sustainability is being deemed critical at local and regional levels to attract and allocate resources towards green development.
Banks are upbeat about profit prospects in 2022
By Lien Thuy
January 07, 2022 | 20:35
The State Bank of Vietnam's (SBV) fresh survey shows that most credit institutions are optimistic about the business situation in the forthcoming quarter.
Market capitalisation on HOSE hits nearly 93 percent of GDP
January 06, 2022 | 10:04
Market capitalisation on the Ho Chi Minh Stock Exchange (HOSE) rose more than 42 percent year-on-year to 5.8 quadrillion VND (254.83 billion USD) by the end of 2021, accounting for 92.77 percent of the previous year’s GDP.
Timo secures $20-million funding led by Square Peg
By Bich Ngoc
January 06, 2022 | 09:26
Timo, Vietnam’s very first digital banking platform, on January 5 announced that it had secured $20-million funding led by Square Peg, a leading global VC firm whose investments include unicorns such as Canva, FinAccel, and Airwallex.
Who were the top ten wealthiest individuals in Vietnam's banking sector in 2021?
By Tri Lam
January 05, 2022 | 12:04
2021 has been a rollercoaster ride of emotions for the stock market, as equities plummeted in value while simultaneously increasing and breaking record highs. Some of the wealthiest people on the stock market became ever wealthier. Here are the top 10 richest individuals in Vietnam's banking sector in 2021.
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