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Vietcombank
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Vietcombank continues to achieve record profits
State-owned lender Vietcombank reported record pre-tax profits of VND41.2 trillion (US$1.68 billion) for 2023.
State-owned banks maintain double-digit growth
While several private banks broke their rising profit streaks in 2023, state-owned banks maintained double-digit growth rates.
Big 4 banks represent 41.9% of total credit, 50% of total deposits
Vietnam's four largest commercial banks - Vietcombank, BIDV, Agribank and VietinBank (the Big 4) - in 2023 accounted for 41.9% of total outstanding loans and about 50% of the total deposits of the country's banking system.
January 14, 2024 | 02:15 am PT
Vietcombank pushes deposit interest rates to record low
State-owned lender Vietcombank, Vietnam’s biggest lender by market cap, has cut its interest rate for one-month deposits to a record low of 2.4%.
November 30, 2023 | 08:38 pm PT
State-owned lenders pay dividends with shares to hike capital
Three of the “Big Four” state-owned lenders either will pay dividends with shares as a way to raise capital this year.
November 17, 2023 | 04:46 pm PT
Vietcombank makes biggest profit among lenders in Q3
Vietcombank remained the biggest profit earner among lenders in the third quarter, a period in which half of all listed banks saw smaller profits following a race to lure deposits.
November 13, 2023 | 02:28 am PT
Vietcombank’s profit hikes in Q3
Vietnam’s biggest state-owned lender Vietcombank saw its pre-tax profit surpass VND9 trillion (US$366.1 million) in the third quarter, higher than various other banks’ profits throughout the first nine months of the year.
October 28, 2023 | 08:18 pm PT
Banks lower deposit interest rates to below 6%
Four state-owned banks and a dozen private lenders have dropped their deposit interest rates to below 6%from as high as7.5-8% earlier this year.
August 24, 2023 | 03:44 pm PT
Top Vietnam bank weighs share issue to raise at least $600M: sources
Vietnam's most valuable listed lender, Vietcombank, is tapping advisers for plans to raise at least $600 million in fresh equity capital to build firepower and better compete with its rivals, two sources familiar with the matter said.
June 1, 2023 | 07:04 pm PT
Vietcombank names new general director
Vietcombank, Vietnam's largest state-owned lender, named its current deputy general director Nguyen Thanh Tung as its new general director on Monday.
January 31, 2023 | 07:35 am PT
Dollar increases slightly on black market
The U.S. dollar rose slightly against the Vietnamese dong on the black market Friday morning.
January 19, 2023 | 10:53 pm PT
Four biggest banks report profits of around $1B each
The profits of the four biggest Vietnamese banks increased sharply in 2022 to around $1 billion each thanks to the highest credit growth in many years.
January 16, 2023 | 01:15 am PT
Agribank climbs into top 3 in profitability stakes
State-owned Agribank has become the third most profitable lender in the country after its first half profits rose by 60 percent to VND15.08 trillion (US$642.3 million).
August 2, 2022 | 09:00 pm PT
Banks’ profits surge in Q1
Most banks grew their profits in double digits in the first quarter but asset quality worsened.
May 9, 2022 | 09:30 pm PT
VN-Index slips from 1,500-point threshold as selling pressure continues
Vietnam’s benchmark VN-Index dropped 0.27 percent to 1,498.26 points Thursday with strong selling pressure on blue chip tickers.
March 24, 2022 | 01:46 am PT
Vietcombank Remittance Company bags two int'l awards
Vietcombank Remittance Company was awarded the "Excellence Money Transfer Company" and "Best Home Payment Service Provider" titles by U.K.-based Global Banking and Finance Review magazine.
December 3, 2021 | 08:30 pm PT
Vietcombank gets new chairman
Vietnam’s biggest state-owned lender, Vietcombank, has named Pham Quang Dung as its new chairman until 2023.
August 30, 2021 | 08:04 pm PT
Vietcombank H1 profit surges 35 pct
State-owned lender Vietcombank reported a VND14.8 trillion (nearly $643.5 million) profit in the first half of the year, up more than 35 percent year-on-year.
July 12, 2021 | 06:27 pm PT
Vingroup, four Vietnamese banks among world's 2,000 largest firms
Vietnam's largest private conglomerate Vingroup, three state-owned banks and a private lender have been included in this year's Forbes list of the world’s 2,000 largest listed firms.
June 5, 2021 | 08:29 pm PT
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