Ministry of Public Security rejects rumors on Sacombank chairman’s exit ban
Vietnam’s Ministry of Public Security has rejected rumors that chairman of Ho Chi Minh City-based Sacombank Duong Cong Minh has been banned from leaving the country which led to the dumping of the bank’s shares on Tuesday.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Sacombank expects 50% profit hike to $405 mln in 2023
Vietnamese lender Sacombank is expecting pre-tax profit of VND9.5 trillion ($405 million) in 2023, up 50% year-on-year.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
False info on foreign ownership may hurt Sacombank: executive
Sacombank has asked the Vietnam Securities Depository (VSD) to clarify information regarding the bank’s foreign ownership limit of 23.63% because the bank may no longer be able to attract a foreign strategic investor if the ratio reaches 30%, said CEO Nguyen Duc Thach Diem.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Sacombank auctions 11,222 sqm land in HCMC
Sacombank will auction nearly 11,222 square meters of land in Ho Chi Minh City with a starting price exceeding VND592.93 billion ($25 million) on December 29.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Dragon Capital ownership at Sacombank rises to 5.25%
Dragon Capital, a leading fund management company in Vietnam, has completed the purchase of 5.1 million Sacombank (STB) shares, raising its ownership at the lender to 5.25% from 4.98%.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
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No offshore wind projects in Vietnam until 2028: global council
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