Vietnam

Techcombank plans to raise its charted capital to VND8.79 trillion from current VND6.93 trillion through issuing 185.59 million new shares.

Vietinbank is demanding debt payment via SMS messages to help reduce its bad and late-paying debts as well as building the good habit of clearing debt on time.

TienPhongBank gained over 180 billion dong pre tax profit during the first 6 months, up 16 billion dong against its plan.

Liberty Insurance's customers can now pay their insurance premium online by registering for Vietcombank's internet banking service.

The Laos-Vietnam Joint Venture Bank will transform its CorBanking software system with a US$431 million loan from the Corporation for Financing and Promoting Technology of Vietnam . A contract to this effect was inked between FPT and LVB in the Lao capital city of Vientiane. According to LVB General Director Nguyen Kim Dieu, the US$ 4.31 million will help the bank improve the efficiency of using resources and brand name, save expenditures and supply modern products and services.

More than 97% of Standard Chartered Bank customers in Vietnam were served within less than eight minutes since the initiative was implemented in July.

Bidv Binh Duong will provide a credit program worth 7.7 trillion dong in 2011-15 period to Becamex IDC.

Techcombank has beedn assigned by the State Bank of Vietnam to serve the urban transport development project in Hai Phong City funded by World Bank.

Vietnam Eximbank is among the world’s top 25 banks with high growth rates, according to an international financial affairs publication.

Vietnam's central bank allowed Lien Viet Bank to change its name to Lien Viet Post Joint-Stock Commercial Bank after joining forces with Vietnam Post Corporation.

Nine commercial joint stock banks have joined the Smarlink connection in July.

LienVietPostBank made its debut in Hanoi on July 29.

The Military Bank signed a strategic contract with Deloitte Viet Nam for support in corporate governance and minimise business risks.

International Finance Corporation has loaned a record US$505 million to Vietnamese banks for the fiscal year 2011.

Asia Commercial Bank has launched a new service that allows its cardholders to transfer money to other banks through automatic teller machines.

Mizuho Financial Group Inc. is in final talks to buy a stake in Vietcombank for as much as ¥60 billion.