Vietnam bank BIDV plans foreign stake sales in 2016

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Báo Tuổi Trẻ English 3 day(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 4 day(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 4 day(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 3 week(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 2 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 2 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 2 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 2 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 2 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 3 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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Refinery project developers fear low profits after drop in oil prices

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VietnamNet English 4 month(s) ago

Refinery project developers fear low profits after drop in oil prices

VietNamNet Bridge - Oil refinery projects have been progressing slowly, partly due to a drop in oil prices, but economists have called on the government to reconsider investments in the field.

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Vietnam's BIDV plans to sell 25 pct stake to foreigners

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Báo Thanh Niên English 5 month(s) ago

Vietnam's BIDV plans to sell 25 pct stake to foreigners

BIDV, Vietnam's second-largest partly private lender by assets, plans to sell a 15 percent stake to a strategic foreign partner and another 10 percent to an overseas financial investor, an executive said on Monday.

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VietinBank's gross profit seen down at $342 mln in 2014: report

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Báo Thanh Niên English 5 month(s) ago

VietinBank's gross profit seen down at $342 mln in 2014: report

VietinBank, Vietnam's top partly private bank, made a gross profit of 7.3 trillion dong ($342 million) last year, slightly above its annual target but down 5.8 percent from 2013, an official newspaper reported on Friday.

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Vietnam inflation slips to 10-year low as oil prices drag

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Báo Thanh Niên English 6 month(s) ago

Vietnam inflation slips to 10-year low as oil prices drag

Vietnam’s inflation finished 2014 at 4.09 percent, the lowest rate in 10 years, partly due to cheaper petrol costs.

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Exports of wood, wooden products rise

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Báo điện tử CP English 11 month(s) ago 1 related news

Exports of wood, wooden products rise

VGP – Viet Nam earned US$5.7 billion from exporting wood and wooden exports over the past seven months of 2014.

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