Banking - theinvestor.vn

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

Banking - Wed, April 24, 2024 | 1:09 pm GTM+7

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

Sumitomo Mitsui-invested VPBank plans to merge with ailing lender

Lukewarm interest in Vietnam’s first gold auction after 11 years

Vietnam exchange rate pressures to ease gradually: economist

Vietnam central bank cancels first gold auction in 11 years

Vietnam central bank pumps cash to save troubled lender SCB

Lending picks up at Vietnam banks with 1.34% Q1 growth

Vietnam central bank to auction 16,800 taels of gold after 11-year hiatus

The State Bank of Vietnam (SBV), the country’s central bank, will auction 16,800 taels of SJC-branded gold bars next week for the first time in 11 years to help bring prices down in a country where the metal is highly favored as a safe haven asset.

Banking - Sat, April 20, 2024 | 10:32 am GTM+7

Vietnam central bank ready to cool USD surge: Deputy Governor

The State Bank of Vietnam (SBV) stands ready to make needed interventions to curb the worrisome strengthening of the U.S. dollar against the local currency, a senior official has said.

Banking - Fri, April 19, 2024 | 4:01 pm GTM+7

Techcombank wins two Stevie Awards for brand development, marketing excellence

Vietnam's private lender Techcombank was named the winner of two Stevie Awards for Innovation in Brand Development and Most Innovative Marketing Team of the Year in the 11th annual Asia-Pacific Stevie Awards.

Banking - Fri, April 19, 2024 | 1:52 pm GTM+7

Private lender LPBank approves name change, charter capital hike to $1.32 bln

Vietnamese private lender LPBank approved a name change from Lien Viet Post Joint Stock Commercial Bank to Loc Phat Vietnam Joint Stock Commercial Bank at its 2024 AGM on Wednesday.

Banking - Thu, April 18, 2024 | 10:34 am GTM+7

US, StanChart promote clean energy investments in Vietnam

The United States Agency for International Development (USAID) and Standard Chartered Bank Vietnam have signed a memorandum of understanding (MoU) to promote clean energy investments in Vietnam.

Banking - Tue, April 16, 2024 | 8:42 pm GTM+7

US dollar hits new high versus Vietnam dong

The U.S. dollar has continued to strengthen against the Vietnamese dong, reaching a new high at commercial banks and causing another headache for the country’s central bank, which has been ordered to stem gold fever.

Banking - Tue, April 16, 2024 | 10:40 am GTM+7

Private lender OCB targets 66% rise in 2024 pre-tax profit

Vietnam’s Orient Commercial Bank (OCB) is targeting a pre-tax profit of nearly VND6.9 trillion ($274 million) this year, an increase of 66% from 2023.

Banking - Tue, April 16, 2024 | 9:23 am GTM+7

Vietnam central bank prepares to auction gold bars as buying fever rages

After a decade-plus hiatus, Vietnam’s central bank will auction SJC-branded gold bars in the coming days as it bids to narrow the gap between domestic and global prices.

Banking - Mon, April 15, 2024 | 4:41 pm GTM+7

Vietnam gold prices plunge after central bank’s increased supply announcement

Gold prices at major retailers in Vietnam plummeted Saturday morning after the country’s central bank stated that it will increase supply of the precious metal to cool the ongoing buying fever.

Banking - Sat, April 13, 2024 | 2:07 pm GTM+7

CIMB Bank Vietnam posts $3.4 mln loss in 2023

CIMB Bank Vietnam, under Malaysia-headquartered CIMB bank, reduced its post-tax loss by 60.6% year-on-year to VND85.9 billion ($3.44 million) in 2023.

Banking - Mon, April 8, 2024 | 3:45 pm GTM+7

Shinhan Bank Vietnam’s 2023 net profit up 22% to $181 mln

Shinhan Bank Vietnam, wholly owned by South Korea’s Shinhan Bank, earned a net profit of VND4.52 trillion ($181.2 million) in 2023, up 22.1% year-on-year, with all major indicators showing improvements.

Banking - Sun, April 7, 2024 | 8:00 am GTM+7

Techcombank named Best Bank in Vietnam by Global Finance

Vietnam Technological and Commercial Joint Stock Bank (Techcombank) has been named the “Best Bank in Vietnam” by U.S.-based financial publication Global Finance, at its 31st annual awards for the World’s Best Banks.

Banking - Fri, April 5, 2024 | 12:11 pm GTM+7

Vietnam banks spend big on technology

Amid the rapidly changing needs of users and the digital transformation goal set by the government, Vietnamese banks have been investing heavily in technology with the total hitting trillions of Vietnamese dong (VND1 trillion = $39.9 million).

Banking - Thu, April 4, 2024 | 3:06 pm GTM+7

HSBC Vietnam records $208 mln post-tax profit in 2023, up 40%

HSBC Bank (Vietnam) Ltd., under London-headquartered lender HSBC, recorded a post-tax profit of VND5,189.1 billion ($207.5 million) in 2023, up 40.2% year-on-year, according to the bank’s financial statements.

Banking - Thu, April 4, 2024 | 11:54 am GTM+7

Vietnam central bank stands ready to cool overdone dong depreciation

The State Bank of Vietnam (SBV) is aware of the importance of keeping the USD/VND exchange rate steady and stands ready to put a brake on the dong devaluation run when necessary, said an official.

Banking - Thu, April 4, 2024 | 11:07 am GTM+7

Customers’ interests to be ensured in Maritime Bank fraud case: central bank

Customers’ interests will be guaranteed as authorities clarify the responsibilities of Maritime Bank and individuals in a case that caused huge losses at the private lender, said Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu on Wednesday.

Banking - Thu, April 4, 2024 | 10:58 am GTM+7