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BIDV becomes largest bank in Vietnam by total assets
01-05-2023 15:48
BIDV has reported a 58 per cent on-year increase in pre-tax profit to over ($288.7 million) for the first quarter of 2023, according to the AGM on April 28.
MB honoured at Sao Khue Awards 2023
01-05-2023 15:42
With two outstanding digital products, Military Commercial Joint Stock Bank has been honoured at the Sao Khue Awards 2023. This is the fifth consecutive year that MB has received this prestigious award.
BVBank targets move to Ho Chi Minh City Stock Exchange in 2023
30-04-2023 09:44
Viet Capital Bank (BAN VIET Bank) held its annual general shareholders' meeting on April 26, where the agenda was discussed. The meeting was a success, reflecting the bank's ability to adapt to market changes while maintaining operational safety and efficiency.
Parkson Retail Asia submits application for voluntary bankruptcy in Vietnam
30-04-2023 09:34
The Board of Directors of Parkson Retail Asia Ltd., together with its subsidiaries, announced on April 28 that Parkson Vietnam Co., an indirect wholly owned subsidiary of the company, filed an application to the People’s Court of Ho Chi Minh City for the commencement of voluntary bankruptcy proceedings.
HDBank targets 29 per cent profit growth for 2023
28-04-2023 16:25
HDBank has successfully organised its 2023 annual general shareholders' meeting with a high approval rating from shareholders. The bank has approved a number of targets, plans and proposals, including a target of VND13.2 trillion ($562.67 million) in profit for 2023, a growth of 29 per cent on-year.
BIDV enters strategic partnership with Switzerland-based Edmond de Rothschild
27-04-2023 16:58
The private banking services of BIDV, with support from Switzerland-based private banking institution Edmond de Rothschild, are expected to provide tailored financial solutions and investment advice to high-net-worth clients in Vietnam.
HDBank's leadership discusses strategy at AGM
26-04-2023 20:41
At HDBank's annual general shareholders' meeting, the lender affirmed its steadfast commitment to actively engage in the Credit Institutions Restructuring Programme, while expanding its investment portfolio. Meanwhile, the question of whether the bank's foreign ownership cap of 49 per cent will be lifted remains unclear.
VIB's first-quarter profit up 18 per cent
26-04-2023 13:47
VIB announced positive results for Q1, with a return on equity of 30 per cent and a strong balance sheet.
MB sets sights on increasing charter capital and upcoming M&A deal
26-04-2023 12:06
All eyes have been on Military Commercial Joint-Stock Bank (MB) as it continued to make waves in the Vietnamese banking landscape, solidifying its position as a major player in the industry with its upbeat performance. Nonetheless, certain concerns have been raised regarding the bank’s real estate loan portfolios, a merger and acquisition (M&A) deal with a weak Vietnamese bank, and its restructuring process with MCredit.
Sacombank caps its FOL at 30 per cent and targets boosting its profits
26-04-2023 12:02
Bolstered by a well-defined roadmap that includes a cap of 30 per cent on foreign ownership level (FOL) and an ongoing debt restructuring programme, Sacombank is poised for remarkable growth and the distribution of dividends to its shareholders in the years to come.
Salesforce and FPT IS to elevate digital experience for customers
26-04-2023 09:31
FPT Information System Corporation (FPT IS) and Salesforce have been providing strategic solutions for the finance and banking industry in Vietnam, helping to shape the digital experience for customers.
Stunning Muong Lay town
25-04-2023 15:29
Muong Lay town in Dien Bien province boasts a very special position compared to other localities around Vietnam, as it is located on the banks of the Son La Hydropower Reservoir at the confluence of the Da River, the Nam Na River, and Nam Lay Stream. Muong Lay has long been dubbed a “jewel” atop the northwest skies thanks to its scenery that makes visitors fall in love.
Lenders manifest steady trajectory with profit figures
25-04-2023 13:00
Although first quarter business results of banks show deceleration compared to the final quarter of 2022, in the current macro context, this still is an encouraging growth.
Credit institutions allowed to reschedule repayment terms
25-04-2023 12:17
Credit institutions and foreign bank branches are now allowed to restructure the repayment terms to support clients struggling with production and business expenses.
MSB shareholders reject M&A proposal with another Vietnamese bank
25-04-2023 10:59
With only a paltry 56 per cent of shareholders having voted in favour of the merger, the proposed collaboration between MSB and another Vietnamese bank, allegedly PGBank, has failed to meet the required threshold of 65 per cent, thereby casting a shadow of doubt over a potential merger and acquisition (M&A) deal.
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