SHB sets sights on pre-tax profit hike, bad debt ratio dip in 2024

SHB sets sights on pre-tax profit hike, bad debt ratio dip in 2024

Saigon-Hanoi Commercial Joint Stock Bank, one of the top private banks in Vietnam, is aiming for VND11.28 trillion ($444 million) in pre-tax profit in 2024, up 22.2% year-over-year, its chairman Do Quang Hien told the bank's AGM on Thursday.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam's Mobile World plans to pay 5% dividend in 2024

Vietnam's Mobile World plans to pay 5% dividend in 2024

Vietnam’s Mobile World Investment Corporation will present to shareholders a plan to pay dividends at a rate of 5% in 2024.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnamese firms announce cash dividends as Lunar New Year begins

Vietnamese firms announce cash dividends as Lunar New Year begins

Many Vietnamese companies have announced cash payout to shareholders immediately following the Lunar New Year holiday (Tet).

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam top brewer Sabeco to pay 15% dividend, Thai owner to receive $42 mln

Vietnam top brewer Sabeco to pay 15% dividend, Thai owner to receive $42 mln

Vietnam Beverage Company Limited, indirectly owned by Thai beverage giant ThaiBev, is set to receive VND1,030 billion ($42.4 million) from a dividend payout by Vietnam’s top brewer Sabeco.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Techcombank turns 30, fetes sustained entrepreneurial spirit and constant renewal

Techcombank turns 30, fetes sustained entrepreneurial spirit and constant renewal

Techcombank has always done things a bit differently, with more daring, says CEO Jens Lottner as he reflects on the Vietnamese bank’s 30-year journey and the future it envisions.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Bamboo Capital to put more energy into infrastructure, drug sectors

Bamboo Capital to put more energy into infrastructure, drug sectors

Vietnamese conglomerate Bamboo Capital Group is driving its growth based on three core businesses - infrastructure, renewable energy, and real estate - and will invest more in the pharmaceutical sector, the corporation’s leadership said.

Bamboo Capital - Mon, Dec 22, 2021 | 11:30 am GMT+7

Agri group Loc Troi to pay 25% dividend rate in shares

Agri group Loc Troi to pay 25% dividend rate in shares

Loc Troi Group JSC, a leading agricultural services and food corporation in Vietnam, will pay last year’s dividend of 25% in shares to add more than VND1 trillion ($42.65 million) to its charter capital.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam's steel sector sees light at end of tunnel: Hoa Phat executive

Vietnam's steel sector sees light at end of tunnel: Hoa Phat executive

Vietnam's steel sector has endured a difficult period, but the worst days are over, according to Tran Dinh Long, chairman of Hoa Phat Group, the biggest Vietnamese steel producer, as its performance improved from a loss in January to a profit in March.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Ministry to reap massive dividend from machinery firm VEAM

Ministry to reap massive dividend from machinery firm VEAM

The Ministry of Industry and Trade will net at least VND4,746 billion ($204 million) from 2021’s dividend payments by Vietnam Engine and Agricultural Machinery Corp. (VEAM), which holds major stakes in carmakers Honda Vietnam, Toyota Vietnam, and Ford Vietnam.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Eximbank to pay first dividend in 8 years

Eximbank to pay first dividend in 8 years

Eximbank, with Japan’s Sumitomo Mitsui Banking Corporation a major shareholder, will pay a dividend for the first time in eight years, fuelling hopes the lender is entering a new period after years of shareholder conflict.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Japanese bank SMBC terminates strategic partnership with Eximbank

Japanese bank SMBC terminates strategic partnership with Eximbank

Sumitomo Mitsui Banking Corporation, which holds a 15% stake in Eximbank, has terminated its strategic partnership with the Vietnamese bank ahead of time, after 14 years of cooperation, Eximbank's chairwoman said Friday.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7