Banks seek to bolster financial standing with capital hikes

Banks seek to bolster financial standing with capital hikes

Vietnamese banks are embracing capital hike plans to boost financial capacity.
Banks predict increased profits in 2024

Banks predict increased profits in 2024

Banks expecting a rosier profit picture this year compared to 2023.
Banks saw profit spike in Q4

Banks saw profit spike in Q4

Several banks have reported significant profit for last year, with many considering cash dividends to reward shareholders.
Banks containing threats of bad debt

Banks containing threats of bad debt

Many banks experienced a surge in bad debts in the fourth quarter of last year, driving the need to consolidate capital buffers.
Banks remain prudent about 2024 targets

Banks remain prudent about 2024 targets

Despite seeing billion-dollar profits in 2023, many banks remain cautious about their 2024 business targets amid the current economic vulnerabilities.
Vietnam seeks Mizuho Bank's expertise

Vietnam seeks Mizuho Bank's expertise

Prime Minister Pham Minh Chinh has proposed a collaboration with Japan's Mizuho Bank for the restructuring of Vietnam's banking sector.
Vietcombank launches the Visa Infinite Credit Card

Vietcombank launches the Visa Infinite Credit Card

Vietcombank introduced the premium Visa Infinite Credit Card 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.
Banks witness bleak profit results

Banks witness bleak profit results

Throughout the first half of this year, many banks – particularly smaller entities – have witnessed a sharp reduction in their profits.
Factors affecting bank profit outlook this year

Factors affecting bank profit outlook this year

Although the profit picture of most banks was upbeat in the first half of this year, the factors that impact bank performance are forecast to change.
CB on verge of mandatory transfer to Vietcombank

CB on verge of mandatory transfer to Vietcombank

Construction Bank (CB) is reaping rewards as it embarks on its ninth year of restructuring, poised to undergo a compulsory transition into becoming a subsidiary of Vietcombank.
Local banks seek foreign funding

Local banks seek foreign funding

Large sums of foreign currency flowed into the accounts of local commercial banks in the first half of this year, with many more deals in the pipeline.
Vigilance over bad debt essential

Vigilance over bad debt essential

As bad debts continue to pose a threat to the banking sector's performance, financial authorities are implementing a host of measures to mitigate risk.
Agribank to receive VND17 trillion charter capital boost

Agribank to receive VND17 trillion charter capital boost

On the morning of May 13, the National Assembly Standing Committee convened its 23rd session to discuss the provision of supplementary charter capital amounting to VND17.1 trillion ($743.5 million) for Agribank.
Modest bank growth projected this year

Modest bank growth projected this year

Last year saw major changes in the banking industry, with total assets of the commercial bank group growing strongly, and most banks entering the race to diversify services. In 2023, challenges lie ahead in the context of a downturn in the real estate cycle and a less positive outlook for exports.
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