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Banks eye charter increase
09-04-2024 09:46
Vietnam’s banks are to set out ambitious plans to raise charter capital this year.
Exchange rates hover near historical highs
09-04-2024 09:37
Substantial foreign investor outflows from Vietnam’s equity markets might prompt the central bank to introduce measures to stabilise exchange rates, facing heightened volatility.
Development highlights in Q1 through expert’s lenses
08-04-2024 16:48
Suan Teck Kin, executive director of global economics and market research at United Overseas Bank (UOB), talked to VIR’s Hong Dung about Vietnam’s development landscape in Q1 and forex prospects for 2024.
MUFG’s BWG chairmanship begins in April
08-04-2024 09:16
MUFG Vietnam took over the chair of the Banking Working Group (BWG), one of the most active working groups under the Vietnam Business Forum, from April 1. The forum serves as a regular and high-level channel of communication between the business community and the government.
ABBank eyes HSX listing
05-04-2024 16:23
ABBank has outlined a path to recovery, addressing financial setbacks with increased credit-risk provisioning and setting ambitious goals, including a potential Ho Chi Minh Stock Exchange (HSX) listing and a $3 billion market capitalisation. Leadership emphasises strategic shifts and transparency, with support from McKinsey, to achieve long-term success.
Stock market shows potential for growth
05-04-2024 16:22
Amidst a landscape of economic uncertainties, banking, retail, and real estate sectors are identified as beacons of growth, bolstered by strategic government interventions.
Techcombank named Best Bank in Vietnam by Global Finance
05-04-2024 11:52
Techcombank has been named the Best Bank in Vietnam by US-based financial publication Global Finance at its 31st annual awards for the World’s Best Banks.
VPBank plans compulsory acquisition of struggling credit institution
04-04-2024 15:56
VPBank has outlined documentation in its 2024 AGM of its intention to undertake a compulsory acquisition of a struggling financial institution. This move is highlighted as part of VPBank's strategic objectives for the year.
Banks eye rosier prospects in Q1
04-04-2024 15:14
The banking sector has witnessed an inspiring profit picture in the first quarter of this year as the economic rebound takes a stronger foothold.
ACB has no plans to pursue M&A
04-04-2024 15:12
In response to a shareholder inquiry regarding merger and acquisition (M&A) strategies, Tran Hung Huy, chairman of the Board at Asia Commercial Bank (ACB), disclosed that the bank has explored potential M&A opportunities but currently has no plans to pursue them.
VIB approves 29.5 per cent dividend payout and 2024 profit plan of $481.6 million
04-04-2024 11:44
Vietnam International Bank (VIB) has approved a 29.5 per cent dividend in cash and stocks, and a pre-tax profit plan of $481.6 million for fiscal year 2024.
Bank shareholders to receive lucrative dividend
03-04-2024 15:15
Nam A Bank passed its plan for its dividend payout at its AGM on March 29, at a ratio of 25 per cent in the form of shares, to bolster its financial standing. The bank aims to raise its charter capital to nearly $571 million this year, before reaching $675 million by 2025.
Forex market under significant pressure
03-04-2024 15:08
Large fluctuations in the forex market in the early months of this year have been contributed to several internal factors. Economic experts believe that measures so far have been insufficient, and market-driven interest rates are forecasted to rise in the near future.
MUFG’s BWG chairmanship begins in April
02-04-2024 16:49
MUFG Vietnam will take over the chair of the Banking Working Group (BWG), one of the most active working groups under the Vietnam Business Forum (VBF) from April 1. The VBF serves as a regular and high-level channel of communication between the business community and the government.
Fallen crypto tycoon Bankman-Fried gets 25-year sentence
01-04-2024 16:44
Disgraced cryptocurrency wunderkind Sam Bankman-Fried was sentenced to 25 years in jail on Thursday -- a stunning descent for a figure who seemed poised to lead an emerging sector less than two years ago.
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