Vietcombank says 2014 gross profit to dip 4 pct y/y

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Báo Thanh Niên English 15 hour(s) ago

Vietcombank says 2014 gross profit to dip 4 pct y/y

Vietcombank, Vietnam's fourth-largest lender by assets, has projected its gross profit this year at 5.5 trillion dong ($261 million), or 4 percent lower than in 2013, it said in a statement.

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Singaporean funds pour more money into attractive Vietnamese businesses

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VietnamNet English 17 hour(s) ago

Singaporean funds pour more money into attractive Vietnamese businesses

VietNamNet Bridge – While the year 2013 witnessed the “landing” of many investors from Japan, Thailand and the US, 2014 is the year of Singaporean investors, experts say.

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KBC raises capital with share offering

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VietNam News English 19 hour(s) ago 1 related news

Kinh Bac City Development Holding Corp (KBC) on Tuesday reported it had sold 100 million shares for VND1 trillion (US$47.4 million). They were put for sale to increase its charter capital to cover debts (debt-to-equity swap).

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Banks change high-class personnel

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VietnamNet English 20 hour(s) ago

Banks change high-class personnel

VietNamNet Bridge – Mergers and turnovers in top management are the two outstanding trends in the banking sector of Vietnam this year.

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Vietcombank sells VND1 trillion in non-performing loans in 2014

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VOV News English 1 day(s) ago

Vietcombank sells VND1 trillion in non-performing loans in 2014

(VOV) - The Bank for Foreign Trade of Vietnam (Vietcombank) aims to control its non-performing loan (NPL) rate at 2.73% and sell VND1 trillion in NPLs to the Vietnam Asset Management Company (VAMC).

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Logistics firm targets 13% profit

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VietNam News English 3 day(s) ago

Transimex-Saigon Corporation, which specialises in freight forwarding, container and barge transport, warehousing and port services, and others, hopes to increase its pre-tax profit by 13 per cent this year to VND125 billion (US$5.9 million).

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PCG: Notice of record date for Dividend payment in cash

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VietStock FI English 4 day(s) ago

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Newly merged banking giant on the cards

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VOV News English 5 day(s) ago 1 related news

Newly merged banking giant on the cards

(VOV) -Maritime Bank shareholders have agreed with the bank’s plan to merge with smaller Mekong Bank to create one of the five biggest banks in Vietnam.

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Big businesses wallow in “mountains of cash”

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VietnamNet English 7 day(s) ago

Big businesses wallow in “mountains of cash”

VietNamNet Bridge – While the majority of businesses are thirsty for capital to maintain their production, the remaining weep because they have too much excess money.

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Bank merger deals near

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VietnamNet English 7 day(s) ago

The banking sector is likely to see a series of merger and acquisition deals in the next few months after a series of banks announced their plans to merge with other credit institutions.

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Small banks undergo restructuring through M&A

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VietnamPlus English 1 week(s) ago 2 related news

Small banks merging into bigger banks is becoming a growing trend in Vietnam.The State Bank of Vietnam (SBV) said it wants to reduce the number of commercial banks by half after three years, according to an article published on the English language news website VietNamNet Bridge on April 16.

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Bank restructuring path trends towards the merger

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VietnamNet English 1 week(s) ago 2 related news

Bank restructuring path trends towards the merger

VietNamNet Bridge – Small banks merging into bigger banks is becoming a growing trend in Vietnam. This is what the State Bank wants to see to implement its plan to halve the number of commercial banks after three years.

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SBV circular sets restrictions for credit institution ‘families'

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Báo Đầu Tư English 1 week(s) ago

SBV circular sets restrictions for credit institution ‘families'

The total credit limit granted to founding shareholders, major shareholders, family members and related parties must not exceed 5 per cent of the charter capital of a credit institution.

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M&A in Vietnam’s banking sector to catch fire this year

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Báo Thanh Niên English 1 week(s) ago 1 related news

M&A in Vietnam’s banking sector to catch fire this year

Vietnam's banking system is expected to further consolidate as an increasing number of mergers could improve the system's financial strength and reduce bad debt. Photo: Thoi bao Kinh te Saigon

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SBV sets credit limit for major shareholders, family members

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VietnamPlus English 1 week(s) ago 1 related news

The total credit limit granted to founding shareholders, major shareholders, family members and related parties must not exceed 5 percent of the charter capital of a credit institution.

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