MBBank to finance $61 mln for 780-room apartment in Binh Duong province

MBBank to finance $61 mln for 780-room apartment in Binh Duong province

Phu Dong 5 Investment Company Limited, under Phu Dong Real Estate Group JSC, and MBBank have signed an agreement on financing the construction of Phu Don SkyOne apartment complex.

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

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

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

Positive outlook for Vietnamese banks, GDP growth over 6% in 2024: Fitch

Positive outlook for Vietnamese banks, GDP growth over 6% in 2024: Fitch

Vietnamese banks are set to enjoy a favorable business environment over the next few years in tandem with a strengthening economy, a Fitch Ratings report says.

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

Vietnam collects less corporate income tax in 2022 from top 1,000 firms

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

Military Bank profit grows 10% in Q1 on provision reduction

Military Bank profit grows 10% in Q1 on provision reduction

The Military Commercial Bank (MBBank) recorded a post-tax profit of VND5.21 trillion ($221.8 million) in the first quarter of 2023, up 10.14% year-on-year, as risk provisions dropped on the decline of most business segments.

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

Central bank may lift foreign ownership limit at three banks

Central bank may lift foreign ownership limit at three banks

The State Bank of Vietnam is mulling over lifting the foreign ownership limit at HDBank, MBBank and VPBank, said brokerage house Yuanta Securities Vietnam.

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

Fitch upgrades Vietcombank, Vietinbank ratings, outlook positive

Fitch upgrades Vietcombank, Vietinbank ratings, outlook positive

Fitch Ratings has upgraded the Long-Term Issuer Default Rating (IDR) of Vietcombank and Vietinbank to ‘BB’ and MBBank to ‘BB-‘, while affirming that for Standard Chartered Bank Vietnam and ANZ Bank Vietnam at ‘BB’.

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

PharmaxisGroup launches e-commerce platform, partnership with MBBank

PharmaxisGroup launches e-commerce platform, partnership with MBBank

PharmaxisGroup Vietnam on Wednesday launched e-commerce platform khoduoconline.com, and embarked on a comprehensive strategic partnership with Military Bank to boost the initiative.

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