banks record higher profits some exceeding annual plan

Banks record higher profits, some exceeding annual plan

Multiple banks recorded prosperous business results in the first nine months of 2021 despite the negative impacts caused by the COVID-19 pandemic, with some even exceeding business targets for the whole year.
hdbank reports robust growth amid pandemic

HDBank reports robust growth amid pandemic

Ho Chi Minh City-based commercial lender HDBank has announced preliminary business results for the third quarter this year with growth across the board, fulfilling 84 per cent of its full-year business plan.
bank cements reputation as superlative financial brand

Bank cements reputation as superlative financial brand

Vietnamese banking behemoth HDBank has entered the top 10 leading brands in the country, according to a new list published by Forbes Vietnam.
hdbank honoured again as top company to work for

HDBank honoured again as top company to work for

Ho Chi Minh City-based commercial lender HDBank has once again been named among the best companies to work for in the continent by HR Asia, an authoritative regional publisher in human resources.
hdbank on track to hit 2021 targets

HDBank on track to hit 2021 targets

HDBank has announced preliminary business results for the first nine months of 2021 with positive growth, standalone bad debt ratio at less than 1 per cent, and constrained bad debt ratio at 1.4 per cent – both lower than in the same period last year.
mb in top 4 vietnams most prestigious commercial banks

MB in top 4 Vietnam’s most prestigious commercial banks

Military Joint Stock Bank (MB) ranked fourth in the top 10 of Vietnam’s most prestigious commercial banks in 2021 in recognition of the bank's proactive response to the pandemic as well as the swift digital advancement to offer tailor-made services addressing customers' unique needs.
offering credit caution for corporate bond players

Offering credit caution for corporate bond players

Vietnamese banks and real estate developers are foraying into the corporate bond arena as it is offering attractive yields for their portfolio diversification strategies. Thomas Kollar, partner of law firm Mayer Brown based in Hong Kong, writes about how some major risks could result in a systemic shock for developers and lenders that want to be involved.
vibs profit up 32 per cent in first nine months

VIB’s profit up 32 per cent in first nine months

Vietnam International Bank (VIB) announced its business results for the first nine months of 2021 with 32 per cent growth in total operating income and pre-tax profit, maintaining its leading position in the industry in terms of operational efficiency with returns on equity (ROE) reaching over 29 per cent.
private banks scoop up profit while cutting loan yields

Private banks scoop up profit while cutting loan yields

Despite gloomy economic conditions and profound uncertainty from the quarter just ended, six privately-held commercial banks have revealed huge jumps in profit in their latest business reports.
vietnams real estate scene post evergrande who will stand tall

Vietnam’s real estate scene post-Evergrande: who will stand tall?

After Evergrande’s “debt bomb”, real estate enterprises with a reined-in outstanding loan balance and strong land bank will have a good opportunity to develop and dominate the market.
masan continuous to open cvlife stores with integrated multi experience

Masan continuous to open CVLife stores with integrated multi-experience

Masan has been continuously opening multi-experience stores CVLife to integrate more services from its latest acquired startup Mobicast. At CVLife stores, customers can buy necessities at WinMart+, make financial transactions at Techcombank, buy medicine and functional foods at Phano, enjoy famous Phuc Long tea and coffee, and soon use Mobicast’s digital services.
citi named investment bank of the year in asia

Citi named Investment Bank of the Year in Asia

Citi, a leading banking institution in the US, was named Investment Bank of the Year in Asia for 2021 by The Banker magazine.
banks report healthy three quarter profit picture

Banks report healthy three-quarter profit picture

Many banks have published business reports for the first three quarters, depicting a generally bright profit picture.
masterise homes launches privileged insurance creative customer appreciation programme

Masterise Homes launches Privileged Insurance creative customer appreciation programme

Masterise Homes has recently announced a strategic partnership with Techcombank in the For the Ultimate Peace of Mind programme with Manulife Privilege Insurance Package. The Privilege Insurance is composed of a variety of benefits for customers of Masterise Homes, demonstrating genuine commitment to raising living standards in Vietnam.
citi hosts webinar on fundraising and overseas ipos for tech companies

Citi hosts webinar on fundraising and overseas IPOs for tech companies

The exclusive webinar focusing on fundraising and overseas listing considerations for tech companies in Vietnam was hosted by Citi Commercial Bank ASEAN on October 14.