vietcombank preparing to sell 65 per cent stake to mizuho and other shareholders

Vietcombank preparing to sell 6.5 per cent stake to Mizuho and other shareholders

Vietcombank is preparing for a private placement of 6.5 per cent of its charter capital to strategic shareholder Mizuho and a number of other shareholders, according to ACB Securities (ACBS).
vietcombank begins selling gold bullion online

Vietcombank begins selling gold bullion online

Vietcombank began selling SJC-branded gold bullion online on June 12.
high end customers pave the way for specialised financial product ecosystem

High-end customers pave the way for specialised financial product ecosystem

With the growth of the middle class in the Vietnamese market, amidst a positively growing economy, the number of high-end customers for financial institutions, banks, and securities companies is steadily increasing. Dau Thi Kim Nhung, head of Retail Marketing at Vietcombank, covers priority customer activities with VIR’s Hazy Tran.
commercial banks credit growth picture in q1 through expert lens

Commercial banks' credit growth picture in Q1 through expert lens

Le Hoai An, a banking consultant and trainer at Integrated Financial Solutions, talked with Hong Dung on the credit landscape in the first quarter of this year, its impacts on banking stocks' performance, and how some banks have tackled current challenges to achieve better growth.
acv secures 18 billion in syndicated loans for long thanh airport ensuring on schedule completion by 2026

ACV secures $1.8 billion in syndicated loans for Long Thanh Airport, ensuring on-schedule completion by 2026

Airports Corporation of Vietnam (ACV) has secured a $1.8 billion loan from three state-owned banks over a 20-year term to finance the construction of Long Thanh International Airport.
garmin vietnam announces expansion of payment service

Garmin Vietnam announces expansion of payment service

Garmin Vietnam is expanding its contactless payment service, Garmin Pay, through a collaboration with five major banks, ACB, MB, Sacombank, Techcombank, and Vietcombank, the company announced on April 1.
banks seek to bolster financial standing with capital hikes

Banks seek to bolster financial standing with capital hikes

Many banks have announced plans for their upcoming annual shareholders' meetings (AGMs), with diverse issues such as dividend payments, capital hikes, and profit targets topping the agendas.
banks predict increased profits in 2024

Banks predict increased profits in 2024

With the low-interest rate environment and resumed credit growth, banks are expecting a rosier profit picture this year compared to 2023.
banks saw profit spike in q4

Banks saw profit spike in Q4

Several banks saw a significant improvement in the fourth quarter (Q4) last year, leveraging credit growth and improved efficiencies to tackle bad debts.
banks containing threats of bad debt

Banks containing threats of bad debt

The credit quality of BaoViet Bank has receded as the bank’s non-performing loans (NPL) climbed to almost $70 million by the end of 2023, showing a near 50 per cent jump compared to the start of the year.
banks remain prudent about 2024 targets

Banks remain prudent about 2024 targets

Major state lender Vietcombank has just released its 2023 figures, with results across a variety of areas exceeding expectation. The Hanoi-headquartered bank saw $59.5 billion in deposit volume, up over 12 per cent on-year, and outstanding balances amounting to $53.58 billion, showing a 10.6 per cent jump on-year.
lending rate forecast to be cut by 1 15pp in 2024

Lending rate forecast to be cut by 1-1.5pp in 2024

There will be little room for further reduction in deposit interest rates in 2024 as they have dropped deeply to pre-COVID-19 levels, while the lending interest rate can still be lowered by 1-1.5 percentage points next year, Vietcombank Securities (VCBS) forecast.
vietnam seeks mizuho banks expertise

Vietnam seeks Mizuho Bank's expertise

Prime Minister Pham Minh Chinh has proposed a collaboration with Japan's Mizuho Bank, one of the three mega banks in Japan, for the restructuring of Vietnam's underperforming banks.
vietcombank launches the visa infinite credit card

Vietcombank launches the Visa Infinite Credit Card

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) introduced the premium Vietcombank Visa Infinite Credit Card, featuring a pair of unique and exquisite card designs, on December 1.
meeting customer needs bolsters vietcombank

Meeting customer needs bolsters Vietcombank

It is the time of the year that the demand for credit often soars to keep abreast with demand from individuals and businesses at the year-end. Nguyen Thanh Tung, CEO of Vietcombank, scrutinised the lender’s measures to bolster credit growth and surmount challenges in the current context with VIR’s Nhue Man.