Private lender VPBank targets 114% profit growth in 2024
Vietnam’s leading private lender VPBank targets to rake in VND23.17 trillion ($914.18 million) in pre-tax profit this year, a year-on-year increase of 114%, according to its 2024 business plan approved by shareholders at the AGM on Monday.
Banking - Mon, April 29, 2024 | 11:13 pm
Sumitomo Mitsui-invested VPBank plans to merge with ailing lender
Hanoi-based VPBank, the biggest private lender by charter capital in Vietnam, will ask for shareholders’ approval to proceed with a plan to acquire a weak bank following a request by the State Bank of Vietnam (SBV).
Banking - Wed, April 24, 2024 | 11:18 am
Margin lending at Vietnam brokers hits new high, room remains ample
Outstanding margin loans at brokerage houses in Vietnam had risen to a record high of an estimated VND195 trillion ($7.66 billion) at the end of March.
Finance - Mon, April 22, 2024 | 10:44 am
Nam A Bank becomes 18th lender listed on Vietnam’s main bourse
Nam A Commercial Joint Stock Bank (Nam A Bank) on Friday debuted 1.06 billion shares on the Ho Chi Minh Stock Exchange (HoSE), becoming the 18th bank to be traded on Vietnam’s main bourse.
Banking - Sat, March 9, 2024 | 10:00 am
Vietnamese ride-hailing firm Be secures $30 mln from local broker VPBank Securities
Vietnamese ride-hailing firm Be Group, a rival of market leaders Grab and Gojek, has secured an investment of VND739.5 billion ($30.3 million) from VPBank Securities.
Companies - Wed, January 10, 2024 | 5:07 pm
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
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
Vietnam association of foreign firms, Hai Phong authorities hold tax dialogue for companies
The Vietnam's Association of Foreign Invested Enterprises (VAFIE) and Hai Phong's tax authorities co-hosted a conference in the northern city on Wednesday to answer businesses' tax-related enquiries.
Finance - Thu, November 23, 2023 | 9:34 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
Vietnam collects less corporate income tax in 2022 from top 1,000 firms
Corporate income tax (CIT) paid by the 1,000 biggest taxpayers in Vietnam in 2022 fell 14.9% from that in 2021, the General Department of Taxation has said.
Companies - Tue, October 24, 2023 | 10:16 am
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
DFC keen on rare earths-linked investment in Vietnam
The U.S. International Development Finance Corporation (DFC) is not a newcomer to Vietnam, and made headlines during President Biden’s visit to Hanoi last month with two deals totaling $400 million. In an interview, DFC spokesperson Pooja Jhunjhunwala shared the views on the institution’s priority areas in Vietnam such as rare earths, infrastructure and energy and how investment can advance reforms.
Finance - Fri, October 13, 2023 | 2:50 pm
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
VPBank secures $300 mln loan from US gov’t development agency
VPBank, the largest bank in Vietnam in terms of charter capital, has struck a deal on a $300 million loan from US International Development Finance Corporation (DFC), the U.S. government’s development finance institution, to ramp up its operations.
Banking - Sun, September 10, 2023 | 3:32 pm
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Trungnam Group eyes green energy development in Ninh Thuan province
Energy - Update 1 day ago
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No offshore wind projects in Vietnam until 2028: global council
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Techcombank plans 10% stake issue to foreign strategic investors
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Vietnam central bank pumps cash to save troubled lender SCB
