Vietnam gold bullion prices hit new high amid lukewarm response to auctions

Vietnam gold bullion prices hit new high amid lukewarm response to auctions

Gold biscuit prices jumped to an all-time high in Vietnam Tuesday, following global price movements, even as firms remained uninterested in central bank auctions of the previous metal.

Finance - Tue, May 7, 2024 | 3:29 pm

TPBank targets after-tax profit of $295 mln in 2024

TPBank targets after-tax profit of $295 mln in 2024

Private Vietnamese lender TPBank targets to earn VND7.5 trillion ($294.75 million) in after-tax profit this year, according to CEO Nguyen Hung.

Banking - Wed, April 24, 2024 | 1:09 pm

Jewelry mogul Doji expands investment portfolio beyond gold

Jewelry mogul Doji expands investment portfolio beyond gold

Doji Gold & Gems Group JSC, Vietnam’s leading jewelry maker, has expanded its investment portfolio, ranging from its pillar arm of gold and silver to finance, banking, and real estate.

Companies - Wed, April 24, 2024 | 9:42 am

Private lender TPBank to acquire fund management firm

Private lender TPBank to acquire fund management firm

Vietnamese private lender TPBank says the impending acquisition of fund management firm Vietnam Fortune Capital (VFC INC.) will further its efforts to become a modern financial group.

Banking - Thu, November 23, 2023 | 5:32 pm

Mega business deals signed between Vietnam, US during Biden’s visit

Mega business deals signed between Vietnam, US during Biden’s visit

Businesses from Vietnam and the U.S. signed deals and announced investments worth billions of USD during U.S. President Joe Biden’s visit to Vietnam on September 10-11.

Industries - Tue, September 12, 2023 | 11:07 am

Vietnam lender TPBank borrows $100 mln from US development finance agency

Vietnam lender TPBank borrows $100 mln from US development finance agency

Vietnamese private lender TPBank has signed a deal for a $100 million loan from the U.S. International Development Finance Corporation (DFC), a development finance institution under the U.S. government.

Banking - Mon, September 11, 2023 | 9:51 am

Vietnam commercial banks report 25-94% decline in Q2 profit

Vietnam commercial banks report 25-94% decline in Q2 profit

Four of seven Vietnamese commercial banks that have announced second quarter business results show a 25-94% year-on-year decline in pre-tax profits.

Banking - Mon, July 24, 2023 | 4:34 pm

Corporate bonds account for 10% of TPBank’s total outstanding loans

Corporate bonds account for 10% of TPBank’s total outstanding loans

Vietnamese private lender TPBank’s corporate bond investments make up about 10% of its total outstanding loans and were covered by collateral, said CEO Nguyen Hung.

Banking & Finance - Thu, April 27, 2023 | 9:52 am

Novaland, TPBank, Ricons join hands to complete prominent property project

Novaland, TPBank, Ricons join hands to complete prominent property project

Vietnamese real estate developer Novaland, construction firm Ricons, and TPBank signed an agreement on Wednesday to be able to finish the construction of an eye-catching property complex at the heart of Ho Chi Minh City.

Real Estate - Wed, April 19, 2023 | 5:48 pm

TPBank targets 11% increase in pre-tax profit

TPBank targets 11% increase in pre-tax profit

Vietnamese private lender TPBank has set a pre-tax profit target of VND8.7 trillion ($370.37 million) in 2023, a year-on-year increase of 11%.

Banking - Tue, April 18, 2023 | 4:48 pm