Shares trade higher on the back of bank stocks
January 13, 2022 | 16:41
Shares reversed course to trade higher on Wednesday, strengthened by the strong increase of banking stocks that attracted a huge injection of cash flow.
Finance groups seek funding alternatives
By Lam Tien
January 13, 2022 | 15:00
Besides massive foreign investment in several notable finance-related corporations across Vietnam, public fundraising through major stock exchanges is also a viable alternative for consumer finance companies.
Banks posted healthy profits during last year
By Lien Thuy
January 13, 2022 | 13:25
Many banks, particularly private commercial lenders, have unveiled 2021 profit figures with an unprecedented growth despite the pandemic.
Vietcombank could lift its FOL to 35 per cent
By Lam Tien
January 13, 2022 | 13:25
Vietcombank reveals its desire to lift the bank's foreign ownership limit (FOL) to 35 per cent.
Crucial legislative developments in the bond market
By Phan Anh Vu
January 13, 2022 | 12:48
The State Bank of Vietnam (SBV) has previously issued regulations on prudential ratios and limits over banking activities while recently the ability of businesses to pay loans and interest has been severely affected by the current pandemic. As a result of these twinned developments, commercial banks have become more and more cautious in granting credit.
Exchange-traded funds gain traction from overseas
January 13, 2022 | 12:10
International investors through exchange-traded funds have their sights set on Vietnam’s equity sector, despite some of the country’s major hurdles owing to foreign ownership restrictions and capital outflows due to the tightening monetary stances. Celine Luu reports.
VPBank could raise its FOL to 17.5 per cent
By Tri Lam
January 13, 2022 | 10:14
Raising its foreign-ownership limit (FOL) could mean that a private placement for potential foreign investors may be made, while at the same time, VPBank could offer more flexible conditions for present foreign owners, thanks to the new modification relat
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.
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