Citi agrees to sell consumer segment in the region to UOB Group

Citi agrees to sell consumer segment in the region to UOB Group

Citi agrees to sell consumer segment, including its retail banking and credit card businesses, but excluding the bank’s institutional businesses in four countries.
Dorsey fintech firm Block wants bitcoin mining for all

Dorsey fintech firm Block wants bitcoin mining for all

Jack Dorsey on Thursday announced that his digital payments firm Block is building a system to make it easier for people to mine bitcoin.
More securities firms go public

More securities firms go public

More securities firms are weighing over going on the bourse to best avail of market appeal, as well as replenish their capital sources.
Shares trade higher on the back of bank stocks

Shares trade higher on the back of bank stocks

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

Finance groups seek funding alternatives

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

Banks posted healthy profits during last year

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

Vietcombank could lift its FOL to 35 per cent

Vietcombank reveals its desire to lift the bank's foreign ownership limit (FOL) to 35 per cent.
Crucial legislative developments in the bond market

Crucial legislative developments in the bond market

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

Exchange-traded funds gain traction from overseas

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

VPBank could raise its FOL to 17.5 per cent

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

Lenders advocating for improved charter capital mechanisms

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

Alexandre Macaire, former HSBC Asia Pacific executive, to be the new CFO of Techcombank

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

FLC chairman Trinh Van Quyet to be heavily fined for negligence to publicly report stocks sale

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.
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