60 million convertible preferred sbt stocks offered to foreign strategic investors

$60 million convertible preferred SBT stocks offered to foreign strategic investors

For the first time, a Vietnamese sugar company engages in a strategic capital-raising deal of international significance, which not only contributes to the company’s sustainable development, but also to that of the Vietnamese sugar industry.
small scale banks massively hike charter capital

Small-scale banks massively hike charter capital

Small banks are mulling over capital hikes and listing plans amid favourable market conditions and rosy business performance.
eximbank launches chatbot application for 247 customer care

Eximbank launches ChatBot application for 24/7 customer care

With the rapid development of the Fourth Industrial Revolution in recent years, the banking and finance industry has rapidly adopted advanced technologies. ChatBot is one specific application that has been launched by many banks and financial institutions around the world as well as in Vietnam to provide prompt support to customers.
banks upbeat about reaching full year profit targets

Banks upbeat about reaching full-year profit targets

Banks are confident in reaching their full-year profit targets albeit the central bank is unlikely to loosen banks’ credit growth limit in the second half.
eximbank to apply infosys technology for enhanced risk management

Eximbank to apply infosys technology for enhanced risk management

The current challenges brought about by changes in the business environment and increasing requirements of risk management regulations have promoted banks, including Eximbank, to synchronise particular products.
eximbank receives international banking award

Eximbank receives international banking award

US-based Bank of New York Mellon on July 9 granted Eximbank the Straight Through Processing Award (STP Award).
banks hike charter capital to improve financial strength

Banks hike charter capital to improve financial strength

Many banks are set to hike charter capital to boost their financial strength through stock issuances to pay dividend for the shareholders.
commercial banks still ailing from bad debts curse

Commercial banks still ailing from bad debts curse

Despite significant efforts to resolve bad debts over the course of 2017, commercial banks will likely carry a total VND60 trillion ($2.64 billion) of bad debts into 2018.
bad debts and risk provisions remain on top of banks agenda

Bad debts and risk provisions remain on top of banks’ agenda

Throughout the annual general shareholders’ meeting (AGM) season, bad debt resolution and hefty risk provisions were the most worrisome issues emerging in the banking sector in since the beginning of 2017.
consumer finance market draws robust foreign capital inflows

Consumer finance market draws robust foreign capital inflows

Over the past several years, the Vietnamese consumer finance market showed undeniable charm to foreign investors with the forecasted market value of nearly $1 quadrillion by the end of 2018.
hdbank raises charter capital to enter top ten banks in vietnam

HDBank raises charter capital to enter top ten banks in Vietnam

Recently, State Bank of Vietnam (SBV) has approved of Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) raising its charter capital for the second time by around $43 million, from VND8.8 trillion ($388.7 million) to VND9.8 trillion ($431.9 million), joining the top 10 Vietnam-based banks having the largest charter capital.
mekong capital wins private equity international award

Mekong Capital wins private equity international award

Mekong Capital has been awarded the 2017 Private Equity International Award for Operational Excellence for a small cap investment in Asia, based on the performance of Mobile World.
mekong capital officially sells 75 per cent holding in loc troi

Mekong Capital officially sells 75 per cent holding in Loc Troi

Mekong Capital, a Vietnam-focused private equity firm specialising in consumer-driven businesses, announced that its Vietnam Azalea Fund (VAF) had sold 75 per cent of its stakes in Loc Troi Group Joint Stock Company (Loc Troi), a plant protection, seedling supply, and food processing firm.
founder of sacombank to return after five years

Founder of Sacombank to return after five years

In recent days, potential candidates have been lining up to participate in restructuring Sacombank, one of the largest joint stock commercial banks in Vietnam, drawing avid attention from the public. The appearance of numerous “heavyweights” have called even more attention, highlighting names like New York-based Evercore Group Investment Bank, M&A consulting firm Redsun Capital Limited, and Dang Van Thanh, president of Thanh Thanh Cong Group. This is the first time Thanh returns to the field after a long absence from the financial-banking market since his 2012 incident with Sacombank.
banks accelerate handling of bad debts

Banks accelerate handling of bad debts

Many banks have announced new bad debts handling roadmaps in order to create a breakthrough in resolving bad debts.