reference exchange rate continues going up

Reference exchange rate continues going up

The State Bank of Vietnam set the daily reference exchange rate at 23,242 VND per USD on March 19, up 10 VND from the previous day.
shares extend gains banks in the focus

Shares extend gains, banks in the focus

Shares extended gains on the two national stock exchanges on Friday morning, driven by positive performance of banks.
two local billionaires lose out on first day of 2020

Two local billionaires lose out on first day of 2020

Two of the five richest people in Vietnam had a poor start to the new year as they saw their net asset worth decrease.
techcombank reports extraordinary first nine months of 2019

Techcombank reports extraordinary first nine months of 2019

Techcombank released its financial results for the first nine months of 2019, posting record pre-tax profit of VND8.9 trillion ($386.96 million), completing 75 per cent of the annual target and recording the 16th consecutive quarter of on-year revenue growth.
vietnamese banks ranked among 500 strongest in region

Vietnamese banks ranked among 500 strongest in region

The Asian Banker continues to honour the 500 strongest banks in the Asia-Pacific in 2019 with some familiar names from Vietnam.
techcombank ranks third in top 500 most profitable companies

Techcombank ranks third in top 500 most profitable companies

Passing over other banks, Techcombank ranks third among the top 500 most profitable companies in 2019 published by the Vietnam Report.
techcombank champions 15 consecutive quarters of revenue growth

Techcombank champions 15 consecutive quarters of revenue growth

Techcombank, a major commercial lender in the local banking industry, has further cemented its position as a leading bank in Vietnam through reporting pre-tax profit of VND5.7 trillion ($247.8 million) and revenue of VND9.1 trillion ($395.6 million) for the first half of 2019, 32 per cent and 19 per cent increase from the same period last year, respectively.
chairman of hoa phat no longer in billionaires list of forbes

Chairman of Hoa Phat no longer in Billionaires List of Forbes

Hoa Phat Group (HPG) chairman Tran Dinh Long is no longer named on Forbes' 2019 list of billionaires published on March 5, including five Vietnamese names.
after delays local banks eye listing

After delays, local banks eye listing

Several local banks are reportedly determined to list on stock markets in 2019 after delaying last year.
ars runners surpass their limit at latest international marathon

ARS runners surpass their limit at latest international marathon

40 members of Adidas Runners Saigon (ARS) on December 2 attended the Ho Chi Minh City International Marathon Techcombank 2018. This is the debut of ARS, Adidas’ international running organisation since its launch in November.
transparency helps vietnam banks draw foreign investors

Transparency helps Vietnam banks draw foreign investors

Healthy domestic banks should focus on improving the transparency in their audited financial statements to attract foreign investors as some banks have recently succeeded with the strategy, experts suggested.
commercial banks to support wb projects

Commercial banks to support WB projects

Sai Gon-Ha Noi Bank (SHB) and Vietnam Technological and Commercial Joint Stock Bank (Techcombank) have been assigned to support projects signed between Vietnam and the World Bank.
banks raise charter capital on own power for basel ii

Banks raise charter capital on own power for Basel II

Numerous banks have been raising charter capital to lure in investment and improve their reserves. However, some of them have raised it from retained earnings, and ownership limits and hassles during negotiation have made local banks less attractive.
the bright outlook for techcombank

The bright outlook for Techcombank

The trend of retail lending and the firm credit growth rate have opened a new prospect for Vietnamese banking. Talking with VIR about banking development, Barry Weisblatt, head of research at Viet Capital Securities, has expressed his belief in the Vietnamese banking sector, especially in Techcombank.
techcombanks shares officially listed on hsx

Techcombank’s shares officially listed on HSX

More than 1.1 billion shares of the Vietnam Technological and Commercial Joint Stock Bank (Techcombank) were officially listed on the Ho Chi Minh City Stock Exchange (HSX) on June 4.