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Top private lender posts 20 pct profit growth

Top private lender posts 20 pct profit growth

Vietnam’s top private lender, Techcombank, saw pre-tax profits in the first nine months rise by over 20 percent year-on-year to VND10.7 trillion ($461.61 million).
Techcombank revenues grow for 19th consecutive quarter

Techcombank revenues grow for 19th consecutive quarter

Techcombank’s revenues for the first half of 2020 grew 30 percent year-on-year to VND11.8 trillion ($512 million), extending its growth streak to 19 quarters despite Covid-19 impacts.
August 20, 2020 | 05:30 pm GMT+7
Deutsche Bank Vietnam, Techcombank name new CEOs

Deutsche Bank Vietnam, Techcombank name new CEOs

Deutsche Bank Vietnam and Techcombank have appointed a Vietnamese and a foreigner respectively as their new CEOs.
August 18, 2020 | 06:05 pm GMT+7
Techcombank chairman points to customer selection for low-risk, high-returns model

Techcombank chairman points to customer selection for low-risk, high-returns model

Techcombank sustains its low-risk, high-returns business model by carefully identifying customers and not entering sectors it does not clearly understand, its chairman said.
June 21, 2020 | 02:57 pm GMT+7
Techcombank extends revenue growth streak to 18 quarters

Techcombank extends revenue growth streak to 18 quarters

Techcombank's Q1 revenue rose 37.3 percent year-on-year, marking 18 consecutive quarters of growth, despite the adverse impacts of the coronavirus pandemic.
May 07, 2020 | 01:45 pm GMT+7
Techcombank customers set for $1.28 billion Covid-19 relief package

Techcombank customers set for $1.28 billion Covid-19 relief package

Techcombank will help Covid-19 affected individuals and enterprises with a VND30 trillion ($1.28 billion) credit relief package including lower interest rates and debt rescheduling.
April 16, 2020 | 11:30 am GMT+7
Techcombank CEO to leave in 8 months

Techcombank CEO to leave in 8 months

Vietnamese bank Techcombank is looking for a new CEO after incumbent Nguyen Le Quoc Anh ends his five-year tenure this September.
February 27, 2020 | 02:25 pm GMT+7
Techcombank posts double digit growth in profits

Techcombank posts double digit growth in profits

Techcombank has reported a 20 percent year-on-year surge in 2019 consolidated pretax profits to more than VND12.8 trillion ($552.8 million).
January 22, 2020 | 09:41 pm GMT+7
Techcombank to issue bonds worth $430 mln

Techcombank to issue bonds worth $430 mln

Techcombank plans to issue VND10 trillion ($430 million) in bonds through two private placements before the end of this year.
September 06, 2019 | 04:13 pm GMT+7
Bank stocks plunge despite rising profits

Bank stocks plunge despite rising profits

Banks like VPBank, Techcombank and Military Bank are seeing their share prices plunge despite reporting higher profits.
August 26, 2019 | 03:28 pm GMT+7
Vietnam commercial banks report no losses in H1

Vietnam commercial banks report no losses in H1

Among 25 banks that have announced first-half business results, none reported losses and some have posted robust profit growth.
August 01, 2019 | 07:22 pm GMT+7
Masan sees Q2 profits plunge 50 pct

Masan sees Q2 profits plunge 50 pct

Vietnamese food and agricultural giant Masan earned Q2 post-tax profit of VND1.19 trillion ($50.76 million), down 50.3 percent year-on year.
August 01, 2019 | 03:13 pm GMT+7
Comrades: Vietnam’s two new billionaires have ‘intertwined’ interests

Comrades: Vietnam’s two new billionaires have ‘intertwined’ interests

Two new Vietnamese names on Forbes magazine’s 2019 billionaire list are long-standing business partners.
March 06, 2019 | 09:06 pm GMT+7
Vietnam billionaire count rises to 5 on Forbes list

Vietnam billionaire count rises to 5 on Forbes list

The number of billionaires in Vietnam has risen to five in Forbes magazine’s 2019 list of world’s richest people released Tuesday.
March 05, 2019 | 09:17 pm GMT+7
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