Central bank replaces DongA chief week after placing bank on watch

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Báo Thanh Niên English 1 week(s) ago

Central bank replaces DongA chief week after placing bank on watch

The central bank Thursday suspended the general director of DongA Bank and his deputy, a week after placing the partly private lender under special surveillance for "various violations."

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Vietnam approves Sacombank, Southernbank merger

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Báo Thanh Niên English 2 week(s) ago 2 related news

Vietnam approves Sacombank, Southernbank merger

Sacombank's headquarters in Ho Chi Minh City

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Vietnam 2015 FDI inflows seen at $12.3-$13.3 bln: BIDV bank

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Báo Thanh Niên English 1 month(s) ago

Vietnam could attract between $6 billion and $7 billion worth of foreign direct investment (FDI) in the second half of this year, bringing total 2015 FDI inflows to $12.3 billion-$13.3 billion, a major commercial bank said on Monday.

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Vietnam central bank taking over another troubled lender

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Báo Tuổi Trẻ English 2 month(s) ago 1 related news

Vietnam central bank taking over another troubled lender

Vietnam's central bank said on Tuesday it would take over all shares in troubled lender Global Petro Bank because of its failure to restructure, making the third such move this year to consolidate the country's fragmented banking sector.

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Vietnam central bank taking over another troubled lender

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Báo Thanh Niên English 2 month(s) ago 1 related news

Vietnam central bank taking over another troubled lender

Vietnam's central bank said on Tuesday it would take over all shares in troubled lender Global Petro Bank because of its failure to restructure, making the third such move this year to consolidate the country's fragmented banking sector.

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Vietnam bank BIDV plans foreign stake sales in 2016

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Báo Tuổi Trẻ English 2 month(s) ago

Vietnam bank BIDV plans foreign stake sales in 2016

Vietnamese lender BIDV, the country's biggest partly private bank by assets, said it could sell stakes to foreign strategic partners next year, as the Southeast Asian nation further opens up its economy to outsiders.

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Vietnam's BIDV says registered capital up at $1.44 bln post Mekong merger

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Báo Thanh Niên English 2 month(s) ago

Vietnam's lender BIDV, the country's top partly private bank by assets, has raised its registered capital by 12 percent to 31.48 trillion dong ($1.44 billion) after merging with a local lender, the bank said in a statement on Wednesday.

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Major Vietnamese lender Sacombank set to expand after merger

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Báo Thanh Niên English 2 month(s) ago 1 related news

Major Vietnamese lender Sacombank set to expand after merger

The Sacombank's headquarters in Ho Chi Minh City. Photo credit: Saigon Times Online

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Tuna value likely to drop in Q2

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VietnamPlus English 2 month(s) ago

Tuna value likely to drop in Q2

Vietnam would continue to decrease tuna's export value in the second quarter of this year, partly due to its falling price on the world market, the Vietnam Association of Seafood Exporters and Producers (VASEP) forecast.

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Vietnam central bank says taking over small lender

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Báo Thanh Niên English 4 month(s) ago 1 related news

Vietnam's central bank will acquire all shares in a small, loss-making bank in Hanoi, a unit of Ocean Group Co, to ensure the banking system's safety, the second move in less than two months as it seeks to clean up the fragmented sector.

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Vietnam's largest private lender VietinBank faces criminal investigation

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Báo Thanh Niên English 4 month(s) ago

Vietnam's largest private lender VietinBank faces criminal investigation

Government inspectors have proposed an investigation into violations found at VietinBank, the country's largest partly private bank in terms of assets, after checking its activities from 2009 to 2012.

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Vietnam's Sacombank aims to complete Phuong Nam merger in 2015

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Báo Thanh Niên English 4 month(s) ago

Vietnam's Sacombank aims to complete Phuong Nam merger in 2015

Sacombank, Vietnam's sixth-largest partly private lender by assets, is aiming to complete this year a merger with unlisted domestic Phuong Nam Bank, the latest in a series of consolidation moves in the overcrowded financial sector.

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Vietnam seeks new markets for agro-forestry-fishery products

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VietnamPlus English 4 month(s) ago

Vietnam is struggling to explore new markets for its agro-forestry-fishery products as the 13 percent annual plunge in export value during the first quarter was partly ascribed to the excessive dependence on traditional markets, the Government’s online newspaper reported.

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Vietnam lender BIDV sees 19 pct jump in annual pretax profit: investor

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Báo Thanh Niên English 4 month(s) ago

Vietnam lender BIDV sees 19 pct jump in annual pretax profit: investor

Vietnam's lender BIDV, the country's second-biggest partly private bank by assets, expects pre-tax profit to climb 19 percent to 7.5 trillion dong ($350 million) this year, a shareholder said.

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Vietnam's Mekong Housing Bank says to work on merger with BIDV

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Báo Thanh Niên English 5 month(s) ago

Vietnam's Mekong Housing Bank says to work on merger with BIDV

Vietnam's unlisted Mekong Housing Bank (MHB) plans to work with BIDV, the country's second-biggest partly private bank by assets, in 2015 to complete a merger plan, it said in a statement.

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