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Customers rush to banks for biometric verification as Jan 1 deadline nears

Customers rush to banks for biometric verification as Jan 1 deadline nears

In the final weekend before the Jan. 1, 2025, deadline for biometric verification, many customers, especially seniors, rushed to banks instead of completing the process online.
VietinBank appoints new CEO

VietinBank appoints new CEO

Central bank to sell gold through 4 state-owned lenders

Central bank to sell gold through 4 state-owned lenders

Big 4 banks represent 41.9% of total credit, 50% of total deposits

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
Bank fails to sell Hanoi $2M penthouse in three auctions

Bank fails to sell Hanoi $2M penthouse in three auctions

VietinBank is set to auction a penthouse with prices starting at VND54.1 billion ($2.2 million) in Hanoi for the fourth time, following three unsuccessful attempts to sell this collateral property.
January 11, 2024 | 02:02 am PT
State-owned lenders pay dividends with shares to hike capital

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
VietinBank to sell 358 properties to collect debts

VietinBank to sell 358 properties to collect debts

State-owned VietinBank is selling 358 foreclosed properties pledged by loan borrowers, including four- and five-star hotels, worth a total of VND8 trillion (US$337.69 million) to realize their debts.
July 3, 2023 | 08:27 pm PT
OceanBank chairman returns to VietinBank as deputy CEO

OceanBank chairman returns to VietinBank as deputy CEO

VietinBank has recalled Do Thanh Son and made him deputy CEO after seven years at OceanBank, which he successfully led out of trouble.
October 13, 2022 | 12:02 am PT
VietinBank Securities eyes another record year

VietinBank Securities eyes another record year

VietinBank Securities eyes record profits again this year though the stock market itself is likely to be down.
March 22, 2022 | 02:40 am PT
VietinBank pioneers online foreign exchange services

VietinBank pioneers online foreign exchange services

VietinBank has launched FX Online 24/7, allowing customers to perform transactions at any time, anywhere on platforms VietinBank eFAST and VietinBank Ipay.
November 12, 2021 | 06:00 pm PT
General director of VietinBank appointed new chairman

General director of VietinBank appointed new chairman

Vietnam Bank for Industry and Trade (VietinBank) has elected General Director Tran Minh Binh as the bank's new chairman for the 2019-2024 term.
September 8, 2021 | 02:43 am PT
VietinBank pre-tax H1 profits up 75 pct

VietinBank pre-tax H1 profits up 75 pct

State-owned lender VietinBank has recorded pre-tax profits of VND13 trillion ($565.2 million) in the first six months of 2021, a year-on-year increase of 75 percent.
June 30, 2021 | 05:00 pm PT
VietinBank to pay dividends in shares for last three years

VietinBank to pay dividends in shares for last three years

The government has approved VietinBank's plans to pay dividends for 2017-19 at a total rate of 28.79 shares for every 100 owned.
May 24, 2021 | 08:55 pm PT
Manulife to become VietinBank’s exclusive insurance partner with Aviva purchase

Manulife to become VietinBank’s exclusive insurance partner with Aviva purchase

Canadian insurer Manulife will acquire the Vietnamese business of British company Aviva and its 16-year bancassurance deal with VietinBank.
December 14, 2020 | 08:42 pm PT
VietinBank eyes 29 pct charter capital hike

VietinBank eyes 29 pct charter capital hike

State-owned VietinBank plans to increase its charter capital by nearly 29 percent to VND47.9 trillion ($2.07 billion) by issuing shares to pay dividends.
November 16, 2020 | 11:47 pm PT
Vietcombank’s profit skyrockets, Vietinbank’s falls

Vietcombank’s profit skyrockets, Vietinbank’s falls

Two of Vietnam’s largest banks reported contrasting performances in 2018, with Vietcombank’s profits rising by 63.5 percent and Vietinbank’s falling by 27 percent.
January 13, 2019 | 06:37 pm PT
Vietnam currency falls to historic low

Vietnam currency falls to historic low

The Vietnamese dong has fallen to its lowest level ever against the U.S. dollar, and banks are fixing their exchange rates accordingly.
April 24, 2019 | 06:14 am PT
Vietnam’s dong falls to new low against the dollar

Vietnam’s dong falls to new low against the dollar

The Vietnamese dong continued to fall against the U.S. dollar, going beyond its lowest level ever recorded on April 24. 
May 7, 2019 | 06:25 pm PT
South Korean firm to invest $700 mln towards cashless payment in Vietnam

South Korean firm to invest $700 mln towards cashless payment in Vietnam

Financial solutions firm Alliex will invest over $700 million to build shared Point of Sales (POS) across Vietnam.
September 20, 2019 | 06:00 pm PT
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