December 22, 2011
Saigon Thuong Tin Commercial Joint- Stock Bank may sell as much as a 15 percent stake to Credit Suisse Group AG, the Vietnamese lender’s Chief Executive Officer said. The bank’s stock rose to the highest level in almost a month in Ho Chi Minh City. Sacombank, as the lender is known, will start negotiations [...]
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December 9, 2011
A branch of First Commercial Joint-Stock Bank in Hanoi. The bank and two other Vietnamese banks plan to merge to bolster their liquidity. Three Vietnamese banks plan to merge to bolster their liquidity and cut costs as a single entity, the country’s central bank said. First Commercial Joint-Stock Bank, Tin Nghia Commercial Joint-Stock Bank and [...]
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November 26, 2011
An employee at Joint-Stock Commercial Bank for Foreign Trade of Vietnam, or Vietcombank, counts dong bank notes in Hanoi. Vietnam’s central bank unveiled plans to create a three-tiered financial industry dominated by 15 lenders as part of efforts to allay concerns over the nation’s banking system. The country aims to have 15 “big” banks by [...]
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November 16, 2011
Vietnam set a schedule for data releases such as bad-debt ratios and Prime Minister Nguyen Tan Dung ordered the publication of a report on state-owned companies’ finances, following calls for more transparency. The State Bank of Vietnam will release banking industry data including the loan ratios and return on equity, as well as figures [...]
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September 27, 2011
Joint-Stock Commercial Bank for Foreign Trade of Vietnam, the state-owned lender known as Vietcombank, said it will sell a 15 percent stake to Mizuho Financial Group Inc. for about $570 million. The central bank approved the sale, Chairman Nguyen Hoa Binh said by telephone Tuesday. Vietcombank will issue about 347 million new shares for [...]
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January 1, 2011
A group of Vietnamese banks and funds asked the government to raise a cap on foreign ownership in lenders to 35-40 percent, according to a statement on the website of the Vietnam Association of Financial Investors. The grouping of 63 companies, including the three biggest Vietnamese banks and international funds, are also seeking regulatory [...]
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August 5, 2009
Following Agribank and Sacombank, the Bank for Investment and Development of Vietnam (BIDV) has just purchased a private Cambodian bank and opened a representative office in the country. Other Vietnamese banks are also eyeing the market. The ceremony on announcing BIDV’s and Vietnam Airlines’ investment projects in CambodiaBy June 30, 2009, Cambodia had 25 commercial [...]
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July 15, 2009
Foreign experience in management of bad debts; Vietcombank – Vietnam’s best bank for trade finance; Prime HCM City real estate waits on investors; Japanese firm inks 2.5 million USD design contract The Vietnam Banks Association (VBA) in coordination with the Grant Thornton Vietnam company on July 14 organised a seminar on foreign experiences in the [...]
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July 2, 2009
Experts have affirmed that what needs to be done now to prepare for the post-crisis period is to restructure the banking system. Nguyen Duc Huong, General Director of Lien Viet Bank, when talking about the weak points of domestic banks, said that recently, when Vietnam’s national economy was at its lowest and domestic banks had [...]
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July 1, 2009
VietNamNet Bridge – The Deputy Chairman of Vietnam’s National Finance Supervision Committee expressed confidence that the Vietnamese banking system is sound. Deputy Chairman of Vietnam’s National Finance Supervision Committee Le Xuan NghiaNghia: A report by CommerzBank (Germany) showed that the return on equity capital (ROE) ratios of big financial institutions in the world [recently] are [...]
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