Vietnam

Techcombank bank reached a total pre-tax profit of US$ 140.9 million and total asset value of 7.68 billion, in a year-on-year increase of 62 per cent.

The IFC will invest about US$182 million in equity and US$125 million in subordinated debt in VietinBank.

The quick recovery of Vietnam's economy and the need to improve banks' position and competitiveness in the market have prompted them to list their shares this year.

Vietnam Banks’ depositing interest rate are moving up to attract strong remittance inflows that come in ahead of Tet, the Lunar New Year festival. This was pointed out by general secretary Duong Thu Huong of the Vietnam Bank Association said.

A bank in Cambodia has stopped certain Vietnamese from getting dollars from its ATMs after a surge in withdrawals. Apparently traders are taking advantage of a drop in the black market value of Vietnam's currency, the dong.

 

 

Vietnam banks exposed to the Vinashin’s US$600 million unsecured loan were given a credit negative by Moody’s.

Opening a branch in Ho Chi Minh City is part of its move to expand its 10 overseas branches.

Global lender sees country as venue of exciting opportunities for local and international investors.

Surge in profits was propelled by government's stimulus package that fostered bank's lending.

Collaboration with IFC and Bank of Nova Scotia will give lender expertise in its global expansion.

DBS Bank will set up its first branch in Ho Chi Minh City, Vietnam this year after receiving regulatory approval.

ABBank's selling of 5% of its stake to Maybank makes it on equal footing with HSBC.

RBS Vietnam became the second of six markets to transition to ANZ ownership after the acquisition of RBS Philippines.

Shinhan is targeting the 90% of Vietnamese people who have yet to open a bank account with its new launch into Vietnam.