vietcombanks 15 million back to back divestments

Vietcombank’s $15 million back-to-back divestments

From the latest two divestments from Saigonbank and CFC, Vietcombank earned a total of $15 million, stepping up among the top 48 most profitable financial institutions across Asia.
bank cross ownership a tough problem to crack

Bank cross-ownership, a tough problem to crack?

Vietcombank recently said it has received permission from the State Securities Commission to sell its stakes in the HCM City-based Saigon Bank for Industry and Trade (Saigonbank) and Việt Nam Cement Finance Company.
vietcombank divestment from saigonbank and cfc greenlighted

Vietcombank divestment from Saigonbank and CFC greenlighted

The State Securities Commission of Vietnam (SSC) has licensed Vietcombank to sell its shares at Saigon Bank for Industry and Trade (Saigonbank) and Cement Finance Company (CFC) in order to comply with central bank regulations.
analysis basel ii bank performances

Analysis: Basel II bank performances

Updated financial reports coming from nine out of 10 banks, consisting of Vietcombank, Vietinbank, BIDV, VIB, ACB, Techcombank, VPBank, MB, and Sacombank (leaving Maritime Bank out of the list as its latest reports were dated 2015) that are to implement Basel II requirements by 2018, showed that the percentage of income generated by banks arose chiefly from credit activities.
vietcombank blames outdated technology for unpaid interest

Vietcombank blames outdated technology for unpaid interest

One of Vietnam’s biggest banks in terms of assets blamed the automatic rounding of numbers in its system for VND9.7 billion ($428,500) of wrongly calculated, unpaid interest.
state owned banks lead in employee efficiency

State-owned banks lead in employee efficiency

Four big state-owned banks, namely Vietcombank, VietinBank, BIDV and Agribank, produce the highest profit per employee in the Vietnamese banking system.
gic to become third largest shareholder in vietcombank

GIC to become third largest shareholder in Vietcombank

On August 29, Bank for Foreign Trade of Vietnam (Vietcombank) signed a Memorandum of Understanding (MoU) to sell a 7.73 per cent stake, equalling 305.8 million shares to GIC Pte., Ltd. (GIC) from Singapore.
vietcombank overhauls online banking system after cyber attack

Vietcombank overhauls online banking system after cyber attack

After VND500 million ($22,400) was transferred out of a Vietcombank’s account against the owner’s will overnight, the bank has made significant changes to its online banking policies in order to prevent similar incidents.
singaporean sovereign fund eyes vietcombank

Singaporean sovereign fund eyes Vietcombank

On August 5 GIC Pte., Ltd. (GIC) from Singapore announced that it is in talks to acquire at least a 7 per cent stake in Bank for Foreign Trade of Vietnam (Vietcombank), according to newswire Reuters.com.
shares end higher in early trading

Shares end higher in early trading

The blue chip stocks of Vingroup (VIC), Vietcombank (VCB), Hoa Phat Group (HPG) and PetroVietnam Gas Joint Stock Corporation (GAS) contributed to the recovery of the market this morning.
five vietnamese enterprises on nikkei asia300

Five Vietnamese enterprises on Nikkei Asia300

FPT, Vietcombank, PetroVietnam Gas (PVGas), Vinamilk, and Vingroup are five Vietnamese enterprises that appeared on the Asia300 report, which was released recently by Nikkei Asian Review.
a 257 million loan package secured for genco1s port

A $257 million loan package secured for Genco1’s port

Power Generation Company 1 under Electricity of Vietnam (EVN Genco 1) on July 31 signed an agreement with Vietcombank, Vietinbank, BIDV and Agribank to borrow VND5.5 trillion ($257 million) to build a port in the Duyen Hai Power Centre.
vietcombank vna to collaborate in several fields

Vietcombank, VNA to collaborate in several fields

Vietcombank and national carrier Vietnam Airlines (VNA) signed a comprehensive co-operation agreement in Ha Noi on July 30.
hcm city office market set to bustle by year end

HCM City office market set to bustle by year-end

In the second half of 2015 the HCM City office market is expected to add more than 100,000sq.m of office space from one grade A and three grade B projects, according to the latest report from Cushman and Wakefield on the city real estate market.Competitive deals remain available for the best and largest tenants as new supply gets delivered with Vietcombank, Lim Tower 2, and Pearl Plaza being the most prominent. A lack of quality Grade A leasable space may mean rents will stabilise in the fourth quarter of 2015.
rising provisions slash vietcombank vietinbank profits

Rising provisions slash Vietcombank, VietinBank profits

Increasing provisional funds whittled away significant profits of two major banks in the first quarter of this year.