PYN Elite fund looks back on multiple months of consecutive loss during COVID-19

PYN Elite fund looks back on multiple months of consecutive loss during COVID-19

PYN Elite has reported its sixth consecutive month of loss, after the VN-Index hit a rough patch, losing $107 million in the last month alone0..
Banks striving for capital requirement compliance

Banks striving for capital requirement compliance

Pham Do Nhat Vinh, director of Financial Risk Consulting Services at KPMG Vietnam, gives exposure to TPBank’s compliance with ICAAP standards.
Sun Life Vietnam and TPBank announce exclusive bancassurance agreement in Vietnam

Sun Life Vietnam and TPBank announce exclusive bancassurance agreement in Vietnam

Sun Life Vietnam Insurance Company Limited (Sun Life Vietnam) and Tien Phong Commercial Bank (TPBank) today announced a 15-year exclusive bancassurance partnership in Vietnam.  
Chip cards may minimise bank card crime

Chip cards may minimise bank card crime

Replacing magnetic strip cards with chip cards is expected to resolve the long-going security issues affecting bank cards.
MobiFone completes full divestment of TPBank

MobiFone completes full divestment of TPBank

After two failures, MobiFone has successfully sold all of its shares in TPBank, collecting more than VND153 billion ($6.65 million).
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.
Strong lenders continue to flourish

Strong lenders continue to flourish

Vietnamese banks have reported positive third-quarter results for 2018, continuing on the recovery path and making it easier for them to seek foreign capital in the future.
Banks post impressive profit growth in H1 2018

Banks post impressive profit growth in H1 2018

Many banks have reported impressive profit growth in the first half off 2018, compared to the same period last year, thanks to the high credit growth and the improvement from the retail banking segment.
Small banks struggle to reach profit targets

Small banks struggle to reach profit targets

While large- and medium-sized banks announce trillions of Vietnamese dong in profit, small banks are still far from their targets.
TPBank obtains $100 million IFC loan for digital financial services

TPBank obtains $100 million IFC loan for digital financial services

IFC arranged a $100 million syndicated loan for TPBank to promote digital financial services to MSMEs in Vietnam.
MobiFone divests from TPBank to restructure capital

MobiFone divests from TPBank to restructure capital

MobiFone wants to sell all shares in Tien Phong Bank on the Ho Chi Minh City Stock Exchange to earn roughly VND163.8 billion ($7.2 million).
Case of Huyen Nhu closed seven years of legal proceedings

Case of Huyen Nhu closed seven years of legal proceedings

The appeal decision upheld the life sentence of Huynh Thi Nguyen Nhu, finding her guilty of embezzling $47.8 million from five companies.
TPBank could issue convertible bonds to foreign investors

TPBank could issue convertible bonds to foreign investors

As TPBank has virtually no room left for foreign investors, the bank is thinking of issuing convertible bonds to interested parties.
TPBank heads to HSX at VND32,000 initial price

TPBank heads to HSX at VND32,000 initial price

TPBank is joining its peers to list its stocks on HSX in the upcoming weeks of April, expecting some $1 billion of market capitalisation by the end of 2018.    
Court returns documents of VNCB case for further investigation

Court returns documents of VNCB case for further investigation

The court has ordered further investigation into the crimes committed by Pham Cong Danh, Tram Be, and other defendants in the VNCB case.
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