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

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

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

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

Jewelry mogul Doji expands investment portfolio beyond gold

Jewelry mogul Doji expands investment portfolio beyond gold

Doji Gold & Gems Group JSC, Vietnam’s leading jewelry maker, has expanded its investment portfolio, ranging from its pillar arm of gold and silver to finance, banking, and real estate.

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

Private lender TPBank to acquire fund management firm

Private lender TPBank to acquire fund management firm

Vietnamese private lender TPBank says the impending acquisition of fund management firm Vietnam Fortune Capital (VFC INC.) will further its efforts to become a modern financial group.

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

Mega business deals signed between Vietnam, US during Biden’s visit

Mega business deals signed between Vietnam, US during Biden’s visit

Businesses from Vietnam and the U.S. signed deals and announced investments worth billions of USD during U.S. President Joe Biden’s visit to Vietnam on September 10-11.

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

Vietnam lender TPBank borrows $100 mln from US development finance agency

Vietnam lender TPBank borrows $100 mln from US development finance agency

Vietnamese private lender TPBank has signed a deal for a $100 million loan from the U.S. International Development Finance Corporation (DFC), a development finance institution under the U.S. government.

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

Vietnam commercial banks report 25-94% decline in Q2 profit

Vietnam commercial banks report 25-94% decline in Q2 profit

Four of seven Vietnamese commercial banks that have announced second quarter business results show a 25-94% year-on-year decline in pre-tax profits.

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

Corporate bonds account for 10% of TPBank’s total outstanding loans

Corporate bonds account for 10% of TPBank’s total outstanding loans

Vietnamese private lender TPBank’s corporate bond investments make up about 10% of its total outstanding loans and were covered by collateral, said CEO Nguyen Hung.

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

Novaland, TPBank, Ricons join hands to complete prominent property project

Novaland, TPBank, Ricons join hands to complete prominent property project

Vietnamese real estate developer Novaland, construction firm Ricons, and TPBank signed an agreement on Wednesday to be able to finish the construction of an eye-catching property complex at the heart of Ho Chi Minh City.

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

TPBank targets 11% increase in pre-tax profit

TPBank targets 11% increase in pre-tax profit

Vietnamese private lender TPBank has set a pre-tax profit target of VND8.7 trillion ($370.37 million) in 2023, a year-on-year increase of 11%.

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