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VietinBank profits surge 83 pct

VietinBank profits surge 83 pct

VietinBank, Vietnam's third largest bank by asset, has reported an 83 percent increase in pre-tax profits to almost VND11.5 trillion ($495 million) in 2019.
IFC offloads 1.5 pct stake in VietinBank

IFC offloads 1.5 pct stake in VietinBank

The International Finance Corporation (IFC) has sold nearly 57.4 million shares of VietinBank, a 1.54 percent stake.
November 20, 2019 | 07:16 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
Local banks continue issuing bonds to raise capital

Local banks continue issuing bonds to raise capital

Vietnamese banks are persisting with the issue of bonds to comply with credit safety regulations and meet rising credit demand.
May 28, 2019 | 10:45 am GMT+7
VietinBank to sell its stake in Saigonbank

VietinBank to sell its stake in Saigonbank

VietinBank will sell its remaining 4.91 percent stake in Saigonbank next Friday via an auction, the Hanoi Stock Exchange announced.
April 11, 2019 | 10:38 am GMT+7
Vietnam banks among 500 most valuable brands

Vietnam banks among 500 most valuable brands

Four Vietnamese lenders, three state-owned and one private, are among the world’s top 500 most valuable brands this year.
February 15, 2019 | 02:23 pm GMT+7
Three banks report plunge in profits

Three banks report plunge in profits

While profit across the banking sector grew by an estimated 40 percent last year, VietinBank, LienVietPostBank and SaigonBank have reported steep declines. 
January 25, 2019 | 08:08 pm GMT+7
VietinBank running out of options to raise capital

VietinBank running out of options to raise capital

International norms require VietinBank to increase its capital, but its current ownership structure leaves little room to act.
December 13, 2018 | 09:02 am GMT+7
Vietcombank, VietinBank lend $132 mln to upgrade former US airbase

Vietcombank, VietinBank lend $132 mln to upgrade former US airbase

The credit is to help expand the overloaded Cam Ranh International Airport in central Vietnam.
February 28, 2017 | 08:52 am GMT+7
Jetstar secures $117 mln credit deal with VietinBank to buy Airbus planes

Jetstar secures $117 mln credit deal with VietinBank to buy Airbus planes

The purchase was finalised last month during a visit to Vietnam by French President Francois Hollande
October 11, 2016 | 04:58 pm GMT+7
Vietnam sticks to $45- billion state budget collection plan this year

Vietnam sticks to $45- billion state budget collection plan this year

Prime Minister Nguyen Xuan Phuc has asked the Ministry of Finance, relevant ministries and local governments to strive to implement the 2016 state budget collection scheme, which has been approved by the National Assembly.
June 07, 2016 | 08:14 am GMT+7
Vietnam’s third largest bank to sell its stake in SaigonBank

Vietnam’s third largest bank to sell its stake in SaigonBank

State-owned VietinBank will sell nearly 17 million holding shares in Saigonbank, equivalent to over five percent of the bank's charter capital, to reduce ownership cap down to about five percent with only 15.12 million shares.
May 21, 2016 | 01:25 pm GMT+7
VietinBank ranked highest of Vietnam’s banks in Top 100 ASEAN Banks 2016

VietinBank ranked highest of Vietnam’s banks in Top 100 ASEAN Banks 2016

Among the 19 Vietnamese commercial banks listed in the Top 100 ASEAN Banks 2016 report released on April 8, VietinBank claimed top spot in terms of core capital and pre-tax profit.
April 09, 2016 | 12:20 pm GMT+7
 
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