2023: energy, electronics sectors shine bright as Vietnam attracts huge foreign investments
Energy and electronics sectors hogged the limelight as registered foreign direct investment (FDI) in Vietnam reached $36.6 billion this year through December 20, up 32.1% year-on-year.
A year in review and 2024 forecasts - Fri, December 29, 2023 | 9:15 am
SMBC to earn $48.6 mln dividend from VPBank weeks after becoming strategic investor
Sumitomo Mitsui Banking Corporation (SMBC), the second-largest bank in Japan by total assets, will receive VND1.19 trillion ($48.6 million) worth of dividend from privately-run VPBank just weeks after becoming a strategic investor.
Banking - Mon, November 6, 2023 | 4:51 pm
SMBC finalizes $1.5-bln M&A deal with Vietnam's largest lender by charter capital VPBank
Japan’s Sumitomo Mitsui Banking Corporation (SMBC) has completed acquisition of a 15% stake worth $1.5 billion of Hanoi-based VPBank, making it the largest M&A deal in the Vietnamese banking system so far.
Banking - Fri, October 20, 2023 | 5:42 pm
Japan's SMBC member entirely divests from Vietnam broker Petrovietnam Securities
SMBC Nikko Securities Inc., a member of Japan’s Sumitomo Mitsui Banking Corp. (SMBC), is now no longer a major shareholder of Petrovietnam Securities JSC (PSI), according to the Hanoi Stock Exchange (HNX).
Finance - Sat, October 14, 2023 | 9:51 am
Major private lender VPBank to raise foreign ownership limit to 30%
VPBank, Vietnam’s biggest lender in terms of charter capital, will increase its foreign ownership limit to 30%, from 17.642% at end-2022.
Banking - Wed, September 6, 2023 | 7:11 pm
Thailand's KBank explores major Vietnam acquisition deal
Thailand's second-biggest lender Kasikornbank said Wednesday it is exploring an acquisition deal in Vietnam but that it is still not the time to announce the result if any.
Finance - Wed, August 23, 2023 | 3:45 pm
WB arm joins with Japanese lender to invest $60 mln in Vietnamese firms
The World Bank’s IFC is making two new investments in Vietnam’s retail and agribusiness sectors to help strengthen the value chain and support food security in the country.
Finance - Fri, June 16, 2023 | 3:51 pm
Japan's SMBC kicks off $200 mln fund to fuel Asian fintech startups
Japanese megabank SMBC has co-founded the corporate venture capital fund “SMBC Asia Rising Fund” with Tokyo-based venture capital firm Incubate Fund (IF) in Singapore while it expands across Asian markets, including Vietnam.
Finance - Tue, May 9, 2023 | 3:09 pm
VPBank receives 10% deposit from Japan’s SMBC
VPBank, Vietnam’s largest bank by charter capital, has received a 10% deposit from Sumitomo Mitsui Banking Corp. (SMBC) in a deal to sell its 15% stake to the Japanese major bank, said VPBank chairman Ngo Chi Dung.
Banking - Wed, April 19, 2023 | 3:00 pm
Japanese banks pump vast capital into Vietnam market
Japanese banks, both mega and smaller, have been channeling more investment into Vietnam, one of the world’s fastest expanding economies.
Finance - Wed, April 12, 2023 | 3:33 pm
SMBC acquires 15% stake in Vietnam’s VPBank for $1.5 bln
Vietnamese lender VPBank signed a deal on Monday to sell a 15% stake to Japan’s Sumitomo Mitsui Banking Corp. (SMBC) for about $1.5 billion through a private placement.
Banking - Mon, March 27, 2023 | 2:33 pm
Consumer credit firm Kredivo raises $270 mln in Mizuho Bank-led round
Kredivo Holdings, a Southeast Asian major digital consumer credit platform with operations in Vietnam and Indonesia, has raised $270 million in a series D round led by Japan’s Mizuho Bank, which contributed $125 million.
Companies - Thu, March 23, 2023 | 3:02 pm
Eximbank forecasts $146 mln profit in 2022
Eximbank, with Japan's SMBC as major shareholder, has forecast pre-tax profits of VND3.5 trillion ($146 million) for 2022, and a pre-tax profit target of VND5 trillion ($208 million) for 2023, up 42.9% year-on-year.
Banking - Mon, December 5, 2022 | 2:37 pm
IFC considers pouring $20 mln into Vietnam’s biggest sugar maker
The World Bank’s investment arm IFC has proposed a $20-million investment in Vietnam’s largest sugar producer TTC Sugar in one year.
Companies - Fri, December 2, 2022 | 3:58 pm
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Vietnam data market charms foreign players: property firms
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Site clearance deadline set for $2 bln northern Vietnam LNG power plant
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Investors flock to central Vietnam for renewable energy projects
Energy - Update 19 hr ago
Thailand Kasikornbank’s Vietnam branch sees 2023 loss widen to $7.4 mln
Banking - Update 4 day ago
- Editor’s Picks
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Vietnam data market charms foreign players: property firms
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Vietnam healthtech sector turns investment magnet
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Site clearance deadline set for $2 bln northern Vietnam LNG power plant
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Six miles and beyond: Vietnam draft law sets offshore boundary
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Trungnam Group eyes green energy development in Ninh Thuan province
