July 9, 2011
A customer deposits bricks of dong bank notes to a local commercial bank in Hanoi. Bankers said it’s necessary to have many branches to attract more deposits. The central bank is planning to double the minimum capital requirement for bank branches, but small lenders say the new rule would badly hurt their business. According to [...]
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December 13, 2009
Investors study companiesâ stock market performance in Ho Chi Minh City. Producers of raw material like shrimp and rubber for processing industries will do well next year as will exporters on the rising dollar and higher prices. Makers of and traders in consumer goods and dollar debtors, meanwhile, will find the going tough, says the [...]
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November 2, 2009
LookAtVietnam – Mergers and acquisitions among domestic banks will become more common in the future. Earlier this year, PetroVietnam acquired a 20-per-cent stake in OceanBank, which selected the national oil and gas group as its strategic partner. The bank’s charter capital grew to VND2 trillion (US$110 million) with the acquisition.More recently, Maritime Bank and its [...]
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March 11, 2009
Kim Eng Vietnam Securities has rated Saigon Thuong Tin Commercial Joint Stock Bank (STB), or Sacombank, one of its top picks for a buy. Sacombank announced a net profit of VND255 billion (US$14.6 million) for the fourth quarter of last year, a 45.6 percent increase from the previous quarter.The HCMC-based bank, partly owned by ANZ [...]
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