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Search Results: 7,574 results for keyword "bank".
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.
Garmin Vietnam announces expansion of payment service
01-04-2024 15:23
Garmin Vietnam is expanding its contactless payment service, Garmin Pay, through a collaboration with five major banks, ACB, MB, Sacombank, Techcombank, and Vietcombank, the company announced on April 1.
HDBank announces over $500 in million profit
01-04-2024 14:55
The Ho Chi Minh City Development Joint Stock Commercial Bank on March 29 announced its 2023 audited financial statements, which show it achieved its best-ever results with pre-tax profit exceeding VND13 trillion ($524 million), an increase of 26.8 per cent, consolidating its rapid growth.
Investment shift reflects evolving economic arena
01-04-2024 13:32
Vietnam’s economy is expected to continue its success this year as it reinforces its position as a magnet for foreign investors. Lim Dyi Chang, head of commercial banking at UOB Vietnam, spoke with VIR’s Vinh Thanh about the 2024 outlook of Vietnam’s economic growth and how the country climbs up the foreign investment ladder.
Banks and mutual fund market: partners in growth
01-04-2024 09:37
In recent years, a strong transformation has been witnessed with commercial banks in developing wealth management and investment advisory services. Le Hoai An, a banking consultant and trainer at Integrated Financial Solutions, talked to VIR’s Nhue Man about the mutual fund market in Vietnam.
Crypto fraudster Bankman-Fried faces sentencing
29-03-2024 10:38
Disgraced cryptocurrency wunderkind Sam Bankman-Fried is set to be sentenced Thursday following his conviction in one of the biggest financial fraud cases in history.
PM receives outgoing WB Country Director
29-03-2024 08:36
Prime Minister Pham Minh Chinh on March 28 hosted a reception for World Bank (WB) Country Director for Vietnam Carolyn Turk, who came to say goodbye at the end of her tenure.
BAC A BANK hits award with foreign exchange transaction
28-03-2024 10:03
Within the framework of the Vietnam FX Awards 2024 held in Hanoi recently, Bac A Commercial Joint Stock Bank (BAC A BANK) was honoured to be granted the award of Top 5 Banks with the largest foreign exchange trading volume in Vietnam on FX matching year 2023 awarded by the London Stock Exchange Group (LSEG).
MB secures prestigious international award for excellence in risk management
27-03-2024 19:14
Military Commercial Joint Stock Bank (MB) has once again been recognised for its leadership in risk management innovation, securing the Model Risk Manager Award from global financial services research and consultancy firm Celent.
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