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Search Results: 7,574 results for keyword "bank".
Amendments to gold regulations on agenda
12-04-2024 16:10
Vietnamese authorities have identified issues and will close regulatory loopholes to stabilise the gold market, according to Malayan Banking Berhad (Maybank).
SCB, Van Thinh Phat execs convicted of embezzlement; Truong My Lan sentenced to death
12-04-2024 09:59
Ho Chi Minh City People's Court has found former executives of Saigon Commercial Bank (SCB) and Van Thinh Phat Group guilty of embezzlement, and Truong My Lan was sentenced to death after being convicted of three charges, and was also ordered to return nearly $26.97 billion.
ADB highlights geopolitical tensions in gold market
12-04-2024 09:00
During a press briefing in Hanoi on April 11, Nguyen Ba Hung, chief economist at the Asian Development Bank (ADB) office in Vietnam, addressed fluctuating trends in the global gold market.
Truong My Lan sentenced to death in major bank fraud case
12-04-2024 08:49
Truong My Lan, Chairwoman of property developer Van Thinh Phat Group, was sentenced to death at the first-instance trial in Ho Chi Minh City on April 11.
PV Power secures $300 million loan to fund LNG plants
10-04-2024 17:06
PetroVietnam Power (PV Power) has signed a short-term loan agreement worth $300 million with Citibank and ING to supplement capital for the Nhon Trach 3 and Nhon Trach 4 power plants, which are the first liquefied natural gas (LNG)-to-power plants in Vietnam.
Banks post huge profits despite low credit growth
10-04-2024 15:26
Credit growth throughout the banking sector in the first quarter remained low at 0.26 per cent, but many banks still reported significant profits.
HSBC sells Argentina division for $550 million
09-04-2024 14:45
Global bank HSBC has agreed to sell its Argentina division to the financial services company Grupo Financiero Galicia for $550 million as it focuses on core Asia operations, it said Tuesday.
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.
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