Banks posted healthy profits during last year

Banks posted healthy profits during last year

Many banks, particularly private commercial lenders, have unveiled 2021 profit figures with an unprecedented growth despite the pandemic.
Banks raise provisions in anticipation of bad debt

Banks raise provisions in anticipation of bad debt

In the face of rising bad debt amid the ongoing COVID-19 pandemic, commercial banks have been forced to write up their loan loss provisions, according to industry sources.
Market rebounds on energy stocks

Market rebounds on energy stocks

The market inched higher on Tuesday morning on strong gains of oil, gas and coal stocks.
Banks in charter capital hikes to add momentum

Banks in charter capital hikes to add momentum

Despite concerns over a deteriorating economic picture, both local and foreign-invested banks are laying fresh momentum in the capital hike race to supplement their adequacy ratio and intensify operations in Vietnam.
Pham Quang Dung becomes new chairman of Vietcombank

Pham Quang Dung becomes new chairman of Vietcombank

Vietcombank has appointed CEO Pham Quang Dung as its new chairman.
Adjusting ownership rate for foreign investors in banking sector is a long-term strategy: experts

Adjusting ownership rate for foreign investors in banking sector is a long-term strategy: experts

As the market is witnessing adjustments in the rate of ownership for foreign investors in banks, analysts say that it depends on the strategy and business plan of each bank from time to time.
Rosy half-year profits across the board at Vietnamese banks

Rosy half-year profits across the board at Vietnamese banks

In the first half of this year, most banks have fulfilled more than half of their full-year profit targets despite COVID-19 complexities.
Profuse real estate lending on alert

Profuse real estate lending on alert

Loans related to real estate-backed collateral and build-operate-transfer projects are classified as among the riskiest and largest portion of banks’ portfolios, which might require restrictive approaches on quantitative quotas.
Vietcombank launches eKYC, allowing customers to open accounts anywhere within minutes

Vietcombank launches eKYC, allowing customers to open accounts anywhere within minutes

This outstanding development assists customers to open Vietcombank accounts anywhere and anytime online, avoiding waiting time at transaction counters.
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.
EVN permitted to exceed loan ceiling to develop Quang Trach 1 Thermal Power Plant

EVN permitted to exceed loan ceiling to develop Quang Trach 1 Thermal Power Plant

The prime minister has allowed Vietcombank to provide a loan exceeding the statutory ceiling for EVN to develop Quang Trach 1 Thermal Power Plant.
Ratings agencies bullish on credit growth prospects

Ratings agencies bullish on credit growth prospects

Although the State Bank of Vietnam has set stringent limits on credit growth at commercial lenders in a bid to control risky lending activities, commercial lenders are now looking forward to a potential future easing of the credit growth limit.
Nine Vietnamese banks increase global brand finance ranking

Nine Vietnamese banks increase global brand finance ranking

Nine Vietnamese banks made it on the Brand Finance Banking 500, including Agribank, Vietcombank, VietinBank, VPBank, BIDV, Techcombank, MB, Sacombank, and ACB.
Vietcombank is honoured to get the Vietnam Value Awards for the seventh time

Vietcombank is honoured to get the Vietnam Value Awards for the seventh time

Vietcombank is one of 17 businesses which have been constantly honoured at the Vietnam Value Programme for seven consecutive times from 2008.
Vietcombank to maintain resilience despite possible bad debt formation and lower profit

Vietcombank to maintain resilience despite possible bad debt formation and lower profit

Vietcombank is expected to remain resilient despite possible bad debts and lower profit due to the pandemic.
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