fireworks fest prices announced

Fireworks fest prices announced

Ticket prices for the 2018 Danang International Fireworks Festival will range from VNĐ300,000 ($13.3) to VNĐ2 million ($88.5) for each night’s performance on the Han River banks between April 30 and June 30.
cross ownership wipe out in financial institutions to finish soon

Cross-ownership wipe-out in financial institutions to finish soon

Over the past three years, divestment activities stoked up the cross-ownership "wipe-out" among Vietnam-based financial institutions in order to strengthen ownership transparency.
four banks to organise agm this week

Four banks to organise AGM this week

The LienVietPostBank, SCB, MB and VIB are due to organise the annual general meeting (AGM) of shareholders this week.
shares up on property and bank stocks

Shares up on property and bank stocks

The benchmark VN Index rose sharply on Tuesday morning as real estate stocks remained upbeat and banks performed strongly as well.
stable foreign exchange rate expected in 2018

Stable foreign exchange rate expected in 2018

Some commercial banks appreciated the US dollar after last week’s interest rate hike by the US Federal Reserve (Fed). Experts, however, have said the exchange rate between the US dollar and Vietnamese đồng is likely to remain relatively stable throughout the year.
massive profits slated for finance and banking sector in 2018

Massive profits slated for finance and banking sector in 2018

Throughout the annual general meetings (AGMs) season, numerous commercial banks unveiled remarkable business targets for the year ahead, promising huge revenues, profits, and charter capital raises.
banks seek expats for leading roles

Banks seek expats for leading roles

Vietnam’s finance and banking sector has attracted quite a number of foreigners to leading roles over the years. This trend is expected to continue, as foreign expertise and experience are in high demand for the sector’s development and expat incomes have become more competitive over the years.
bank tickers not losing charm

Bank tickers not losing charm

The recent divestments of foreign investors from bank tickers might not mean that the financial sector is losing its charm to foreign 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.
korean investors crowd vietnams credit sector

Korean investors crowd Vietnam's credit sector

Shinhan Bank, Woori Bank, KEB Hanam, and Lotte Card are among the Korean investors currently present in the Vietnamese credit market, aiming to grasp the top spots in the credit card segment which previously was rated as "highly potential."
repos bound to be hotcake in government securities market

Repos bound to be hotcake in government securities market

Over the past several months, repurchase agreements (repos) were reported to be in growing demand among commercial banks in the government securities sector.
government okays vietcombank stake sale to foreign investors

Government okays Vietcombank stake sale to foreign investors

After the government green-lighted Vietcombank to sell the state-owned stake to foreign investors, the bank is expected to sell a total of 10 per cent, commensurate with over 350 million shares, in a separate issuance and/or through public auction to a limited number of foreign investors.
vietcombank adjusts service charges yet again

Vietcombank adjusts service charges yet again

Recently, Vietcombank adjusted its banking service charges for the second time, effectively from April 15, after the first alteration of the service charge on March 1, raising controversy among the bank’s long-term clients.
vietcombank continues quest to divest ocb

Vietcombank continues quest to divest OCB

In an effort to reduce its cross-ownership at local banks, Vietcombank is on route to auction over 6.6 million shares of Orient Commercial Bank (OCB) on April 17, at the starting price of VND13,000 ($0.59) per share.
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.