Bank stocks help PYN Elite beat VN-Index in Sept
Finland-based PYN Elite Fund recorded returns of 3.37% in September, outperforming a mere 0.3% increase of the benchmark VN-Index of the Ho Chi Minh Stock Exchange, thanks to the rallies of its bank portfolio.
Finance - Mon, October 7, 2024 | 11:17 am
Finland’s PYN Elite remains bullish on Vietnam’s bank stocks
Finnish fund PYN Elite has affirmed its projection on Vietnamese banking stocks' strong performance as this sector remained overweighed in its portfolio.
Finance - Mon, September 30, 2024 | 9:13 am
Sacombank to record $79.3 mln income from selling industrial park-related debts in H2: broker
Private lender Sacombank will record VND2 trillion ($79.3 million) in non-interest income from selling debts related to the Phong Phu Industrial Park in Ho Chi Minh City in the second half of 2024, according to broker Vietcap Securities.
Banking - Mon, August 5, 2024 | 8:01 am
Finland’s PYN Elite sees 1.8% returns in June, beating VN-Index performance
Finland-based PYN Elite Fund posted 1.8% in returns last month, versus a 1.3% decline on the VN-Index, the main gauge of the Ho Chi Minh Stock Exchange (HoSE).
Finance - Sat, July 6, 2024 | 10:24 am
Sacombank forced to return $1.4 mln to customer for deposit loss
The People's Court of Cam Ranh town in the south-central province of Khanh Hoa on Thursday instructed Ho Chi Minh City-based lender Sacombank to return over VND36 billion ($1.41 million) to a local customer for deposit losses.
Economy - Fri, July 5, 2024 | 9:38 am
How property developer Kita Group restructures debt for Sacombank
The emergence and land fund expansion of real estate developer Kita Group’s members have been associated with their engagement in the auctions of debts at Ho Chi Minh City-based lender Sacombank.
Companies - Mon, June 3, 2024 | 11:39 am
Bamboo Airways ex-CEO wanted following Sacombank accusations
Former CEO of Bamboo Airways Dang Tat Thang is wanted for questioning by the Ministry of Public Security's investigative agency to verify accusations made by Sacombank about his wrongdoings.
Society - Thu, May 23, 2024 | 10:29 pm
Sacombank targets 10% growth in 2024 pre-tax profit
Private Vietnamese lender Sacombank has set a target of earning VND10.6 trillion ($424.6 million) in pre-tax profit for 2024, a year-on-year increase of 10%.
Companies - Mon, April 8, 2024 | 2:03 pm
Ministry of Public Security rejects rumors on Sacombank chairman’s exit ban
Vietnam’s Ministry of Public Security has rejected rumors that chairman of Ho Chi Minh City-based Sacombank Duong Cong Minh has been banned from leaving the country which led to the dumping of the bank’s shares on Tuesday.
Companies - Tue, April 2, 2024 | 6:17 pm
Sacombank refutes Bamboo Airways ex-CEO’s claim on chairman’s involvement in Van Thinh Phat scandal
Sacombank, a mid-sized lender in Vietnam, has rejected claims by former CEO of Bamboo Airways alleging that its chairman has been involved in the notorious Van Thinh Phat scandal and banned from leaving the country.
Banking - Tue, April 2, 2024 | 12:29 pm
Former Sacombank deputy CEO named Bamboo Airways chairman
Vietnamese private carrier Bamboo Airways on Monday appointed Phan Dinh Tue, former Sacombank deputy CEO, as its chairman for the 2023-2025 term, replacing Le Thai Sam.
Companies - Mon, February 5, 2024 | 10:47 pm
Vietnam bank deposits hit record high of $522 bln at end-September amid lowering rates
Client deposits at credit institutions in Vietnam reached a record high of VND12,680 trillion (circa $522 billion) as of end-September, rising 7.28% from end-2022, data from the central bank showed.
Banking - Tue, November 28, 2023 | 11:07 am
Former Sacombank CEO appointed HDBank deputy general director
Former deputy CEO of Saigon-Hanoi Bank (SHB) and former CEO of Sacombank Tran Xuan Huy was appointed deputy general director of HDBank starting Monday.
Banking - Thu, October 19, 2023 | 11:37 am
Sacombank keen to acquire stake in Bamboo Airways
Ho Chi Minh Stock Exchange-listed Sacombank is taking procedures to acquire a stake in Bamboo Airways, one of its debtors, as the airline is seeking strategic investors.
Banking & Finance - Sat, September 16, 2023 | 11:36 am
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