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Vietnam banks plan to float billions of shares

An estimated 12.4 billion banking stocks are poised to flood Vietnam’s market as local lenders plan dividend payouts or share issuances to raise their charter capital this year.

Banking - Fri, May 10, 2024 | 8:13 am

USD rate passes VND25,000 milestone at top Vietnam lender Vietcombank

Vietcombank, the largest Vietnamese lender by market capitalization and foreign exchange transactions, increased its USD buying and selling rates to VND24,790 and VND25,130 Wednesday afternoon.

Banking - Wed, April 3, 2024 | 7:46 pm

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

USD prices go up in Vietnam open market, bucking trend at banks

Gold shops in Vietnam’s major cities raised greenback prices by VND60 in both directions from Tuesday to VND25,030-25,130 for respective bids and asks on Wednesday, breaching the VND25,000 psychological threshold.

Banking - Wed, February 21, 2024 | 4:22 pm

Vietnam's Big 4 banks cut deposit interest rates to below 2%

Deposit interest rates at four state-controlled banks in Vietnam, namely Vietcombank, Agribank, BIDV and VietinBank, have dropped to below 2% for some terms as the banking sector continues to cut interest rates.

Banking - Thu, January 18, 2024 | 5:31 pm

Vietnam banks cut deposit interest rates to record lows amid lukewarm lending

Commercial banks in Vietnam are unanimously lowering their interest rates on short-term deposit to all-time lows as credit demand stays lackluster despite the year-end peak season nearing.

Banking - Tue, December 26, 2023 | 6:19 pm

VietinBank inks green cooperation pacts with Japanese financial institutions

VietinBank, a state-controlled Vietnamese lender, has struck cooperation agreements with Mitsubishi UFJ Financial Group (MUFG) for sustainable growth and the Japan Bank for International Cooperation (JBIC) for decarbonization and energy transition.

Banking - Mon, December 18, 2023 | 7:21 pm

Fitch upgrades ratings of 7 banks in Vietnam, including StanChart, HSBC, ANZ

Fitch Ratings has upgraded the long-term foreign-currency issuer default rating (IDR) of six banks in Vietnam to ‘BB+,’ one to ‘BB,’ and one unchanged at ‘BB-,’ the rating agency announced Wednesday.

Banking - Fri, December 15, 2023 | 9:44 am

Japan financial group MUFG to help VietinBank arrange $1 bln for sustainability initiatives

Mitsubishi UFJ Financial Group (MUFG), among the biggest banking institutions in Japan, will help state-run VietinBank arrange $1 billion in capital for sustainable growth and environmental, social, and corporate governance (ESG) initiatives in Vietnam.

Banking - Mon, December 4, 2023 | 6:07 pm