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Banking industry set for bumper profits

Banking industry set for bumper profits

State-owned banks' profits will grow by around 80 percent in the first quarter and private lenders’ by around 50 percent, brokerage SSI Securities Corporation has forecast.
PG Bank merger plans collapse… again

PG Bank merger plans collapse… again

The proposed merger between PG Bank and HDBank is set to be called off, making it the former’s third failed merger bid in the last six years.
March 16, 2021 | 02:00 pm GMT+7
State-owned banks lag behind in lending growth

State-owned banks lag behind in lending growth

State-owned lenders have been achieving slower credit growth than the industry average for the last five years while private banks are on the fast lane.
March 01, 2021 | 07:38 am GMT+7
Banks further cut deposit interest rates

Banks further cut deposit interest rates

Many banks have cut deposit interest rates marginally, continuing a trend that began last year as the Covid-19 pandemic hurt businesses.
February 12, 2021 | 12:00 pm GMT+7
Thailand’s 2nd largest bank set for Vietnam entry

Thailand’s 2nd largest bank set for Vietnam entry

Thailand’s second largest lender by assets, Kasikornbank, plans to open a branch in Ho Chi Minh City in the third quarter this year.
February 09, 2021 | 04:00 pm GMT+7
Techcombank profits sharply up

Techcombank profits sharply up

Vietnam’s largest private lender, Techcombank, reported a 23 percent rise in pre-tax profit last year to VND15.8 trillion ($683.62 million).
January 28, 2021 | 03:30 pm GMT+7
VPBank profits jump 26 pct

VPBank profits jump 26 pct

Lender VPBank reported a 26 percent jump in pre-tax profit last year to VND13 trillion ($564.24 million).
January 21, 2021 | 02:03 pm GMT+7
Lender MSB expects to earn hundreds of millions from insurance deal

Lender MSB expects to earn hundreds of millions from insurance deal

Vietnam Maritime Commercial Joint Stock Bank is set to sign an exclusive bancassurance deal with a leading but unidentified insurer worth hundreds of millions of dollars to it.
December 17, 2020 | 12:42 pm GMT+7
Banks continue to cut deposit interest rates

Banks continue to cut deposit interest rates

With the Covid-19 pandemic acting as a drag on credit growth, banks are continuing to cut deposit interest rates.
December 04, 2020 | 11:44 am GMT+7
SeABank registers to list on HoSE

SeABank registers to list on HoSE

SeABank has registered to list its shares on Vietnam’s main bourse Ho Chi Minh City Stock Exchange (HoSE) following recent similar moves by local lenders.
November 28, 2020 | 04:46 pm GMT+7
VOF invests $46.3 mln in ACB stock

VOF invests $46.3 mln in ACB stock

VinaCapital Vietnam Opportunity Fund has poured $46.3 million into acquiring shares of the Asia Commercial Bank (ACB), which has seen a surge in profits.
November 24, 2020 | 05:10 pm GMT+7
Banks maintain profit growth but bad debts rise

Banks maintain profit growth but bad debts rise

Most banks reported profit growth in the first nine months, but bad debts posted a double-digit rise due to the impacts of the Covid-19 pandemic.
October 26, 2020 | 12:27 pm GMT+7
Boom or bust: Saigon bank robber threatens staff with ‘bomb’

Boom or bust: Saigon bank robber threatens staff with ‘bomb’

A woman took over VND2 billion ($86,485) from a bank in Tan Phu District in HCMC on Saturday, threatening employees with what she claimed was a bomb.
October 10, 2020 | 07:30 pm GMT+7
Insurance firms step up recruitment to push bancassurance sales

Insurance firms step up recruitment to push bancassurance sales

Insurance companies are hiring more staff to boost sales to bank customers as lenders seek to increase revenue from non-traditional banking services.
September 03, 2020 | 09:00 pm GMT+7
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