strong rise in bank profitability in first quarter

Strong rise in bank profitability in first quarter

A number of banks recorded impressive growth in the first quarter and set a relatively strong profit growth target this year.
scb appoints foreign acting ceo

SCB appoints foreign acting CEO

Saigon Joint Stock Commercial Bank (SCB) has announced the decision on appointing Chen Yi-Chung (Jeremy Chen) as acting CEO. This appointment is amid the drastic implementation of the transformation and sustainable development strategy for 2020-2030 at SCB with strategic consultations from McKinsey & Company.
banks urged to complete listing plans

Banks urged to complete listing plans

The latest regulatory requirements make it impossible for banks to continue delaying their listing plans.
local banks continue to appeal to foreign capital

Local banks continue to appeal to foreign capital

With high profitability and a strong rebound, local banks are becoming tempting targets for foreign investors mulling over stake purchase deals.
60 million convertible preferred sbt stocks offered to foreign strategic investors

$60 million convertible preferred SBT stocks offered to foreign strategic investors

For the first time, a Vietnamese sugar company engages in a strategic capital-raising deal of international significance, which not only contributes to the company’s sustainable development, but also to that of the Vietnamese sugar industry.
small scale banks massively hike charter capital

Small-scale banks massively hike charter capital

Small banks are mulling over capital hikes and listing plans amid favourable market conditions and rosy business performance.
eximbank launches chatbot application for 247 customer care

Eximbank launches ChatBot application for 24/7 customer care

With the rapid development of the Fourth Industrial Revolution in recent years, the banking and finance industry has rapidly adopted advanced technologies. ChatBot is one specific application that has been launched by many banks and financial institutions around the world as well as in Vietnam to provide prompt support to customers.
banks upbeat about reaching full year profit targets

Banks upbeat about reaching full-year profit targets

Banks are confident in reaching their full-year profit targets albeit the central bank is unlikely to loosen banks’ credit growth limit in the second half.
eximbank to apply infosys technology for enhanced risk management

Eximbank to apply infosys technology for enhanced risk management

The current challenges brought about by changes in the business environment and increasing requirements of risk management regulations have promoted banks, including Eximbank, to synchronise particular products.
eximbank receives international banking award

Eximbank receives international banking award

US-based Bank of New York Mellon on July 9 granted Eximbank the Straight Through Processing Award (STP Award).
banks hike charter capital to improve financial strength

Banks hike charter capital to improve financial strength

Many banks are set to hike charter capital to boost their financial strength through stock issuances to pay dividend for the 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.
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.
consumer finance market draws robust foreign capital inflows

Consumer finance market draws robust foreign capital inflows

Over the past several years, the Vietnamese consumer finance market showed undeniable charm to foreign investors with the forecasted market value of nearly $1 quadrillion by the end of 2018.
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.