vn stocks up on insurance finance banks hit by profit taking

VN stocks up on insurance, finance; banks hit by profit-taking

Vietnamese shares rose marginally on Tuesday morning as insurance-finance and energy firms remained positive against a strong profit-taking that pulled bank stocks down.
pvc misused trillion dong advance payment

PVC misused trillion-dong advance payment

Almost all of the $6.6 million and VND1.3 trillion ($59 million) that PetroVietnam paid to PVC as advance payment to implement the engineering, procurement, and construction (EPC) contract for the $1.7-billion Thai Binh 2 thermal power plant was used to pay for PVC’s loans in banks.
vn stocks advance on banks and energy firms

VN stocks advance on banks and energy firms

Vietnamese shares advanced on Monday morning, thanks to the efforts of banks and energy firms.
foreign banks try new local tactics

Foreign banks try new local tactics

The Year of the Rooster has been a rollercoaster ride for foreign banks in Vietnam: one received a licence to expand, two trimmed down their business scopes, while others decided to divest their stake in domestic banks. Despite the shifts in mission among these lenders, their long-term commitments remain unchanged, continuing their strategy of growing with the local economy.
banks lead market upturn in 2018s first trading day

Banks lead market upturn in 2018’s first trading day

Stocks ended the first trading day of 2018 in the green on the two national stock exchanges, reflecting investors’ optimism about the market outlook this year.
banks profit skyrockets due to credit growth

Banks’ profit skyrockets due to credit growth

Due to the recovery of the credit market throughout the year 2017, plenty of banks announced positive business performance with increased profits whilst fostering asset trading, risk management, and control over non-performing loans.
hcmcs outstanding loans up

HCMC’s outstanding loans up

Total outstanding loans by commercial banks in HCM City in 2017 rose 18.5 per cent from 2016 to more than VND1.74 quadrillion (US$76.73 billion), according to the State Bank of Viet Nam’s HCM City branch.
foreign investors flock to limited availability bank stocks

Foreign investors flock to limited-availability bank stocks

In 2017, Vietnamese banks have regained their appeal to foreign investors, after a long period of restructuring. Major share sales such as HDBank and VPBank in the last months of 2017 have raised millions of USD for the banks and attracted a great number of buyers from overseas.
vn index ends 2017 at 10 year high

VN Index ends 2017 at 10-year high

Vietnamese shares ended on a positive note on Friday as large-cap stocks remained positive and banks continued to draw investors’ attention for full-year earnings prospects.
low car spells doom for state owned banks

Low CAR spells doom for state-owned banks

State-owned commercial banks are growing concerned over the critically low capital adequacy ratio (CAR) of around 9 per cent, which also hit the minimum required CAR for the Vietnamese banking system.
standard chartered anz and citibanks brand score at the bottom of the list

Standard Chartered, ANZ and Citibank’s brand score at the bottom of the list

In the Brand Beat Score Vietnam Bank Report 2017, foreign banks were shown to be performing rather poorly in their brand awareness and communication activities, while Vietnamese banks are consistently better in understanding customer demand.
banks brokerages boost local markets

Banks, brokerages boost local markets

Shares continued to rise on Thursday morning, driven by banks and brokerage companies.
vietnam stocks up as banks energy firms advance

Vietnam stocks up as banks, energy firms advance

Vietnamese shares advanced further on Wednesday morning, lifted by banks and energy firms.
banks woo with fresh confidence

Banks woo with fresh confidence

Foreign funds are making their way back to Vietnamese banks, as the sector cleans up bad debts and improves corporate governance.
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.