Vietnam
Vietnamese banks compete by opening more branches
Vietnamese banks compete by opening more branches
Banks in Vietnam are opening new branches to strengthen their market presence.
Vietcombank targets $238.6M after tax profit in 2012
Vietcombank is targeting an after tax profit at 4.929 trillion dong or US$238.6 million, a year on year increase of 17%.
Vietinbank prepares to issue overseas bonds
Vietinbank is preparing to issue overseas bonds by conducting a series of road shows in major foreign markets.
DongA Bank wants name retained in case of merger
DongA Bank will consider merging with another lender if shareholders approve it on late March.
State Bank denies rumors of SHB's takeover of Habubank
Tthe State Bank of Vietnam stated that it has not received any report on the SHB’s proposal to buy Habubank.
HSBC opens in Vung Tau
HSBC Vietnam is opening a representative office in Vung Tau City.
VietinBank to set up credit risk management system
VietinBank will set up a system to manage credit risks at the bank in accordance with Basel II standards.
Vietnam banks still cautious on lending
Fears of credit availability still linger as banks remain cautious towards new lending.
Survival of the fittest for Vietnam’s weakest banks
Vietnam’s small and weak banks face a grave situation that will soon become worse.
Vietnam's WesternBank posts US$7.6 M pre-tax profit
WesternBank pre-tax profit increased by 148 percent year-on-year to VND161 billion or US$7.6 million.
Techcombank's 2011 profit up 53% to $200M
Techcombank posted a US$200 million in 2011, an increase of over 53 per cent over 2010.
BIDV to sell 15% stake to chosen strategic partners
BIDV together with its consultant Morgan Stanley will actively negotiate to sell shares to foreign strategic partners with about 15 percent stake.
Vietnam tries frantically to stave off banking industry collapse
Faced by the impending disintegration of its banking industry, Vietnam goes for a drastic solution.
Taiwanese bank withdraws from Vietnam
The Land Bank of Taiwan has closed its representative office in Ho Chi Minh City.
Vietnam's Maritime Bank still seeking right foreign partners
Maritime Bank will appoint a foreigner to the bank’s general director position this year.
Agribank to double lending growth by 2015
Agribank aims to expand its operations and double its credit growth by 2015 even as it undergoes a partial privatisation.
Navibank earns profit of $1.99 M in first two months
Navibank posted a pre-tax profit of US$1.999 million for thefirst two months of 2012, up 9.1 percent against the end of 2011.
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