BIDV has just approved a plan to increase its charter capital in 2021 by more than VND8.3 trillion. (Photo: SGGP)

Several commercial banks propose to increase charter capital

Many commercial banks have submitted to their shareholders and proposed to increase charter capital in the context that credit growth must ensure capital adequacy ratio (CAR) following the international standards Basel II.
Customers do transactions at Vietcombank. (Photo: SGGP)

Banking industry sees slow credit growth

By June 16, the credit growth of the banking industry merely reached 2.13 percent compared to the beginning of this year. Thus, in the first nearly six months of this year, credit growth was only half of that in the same period last year due to the serious impacts of the Covid-19 pandemic.
Dairy factory Driftwood of Vinamilk in the US.

Vietnamese enterprises go abroad

Not only expanding the export market, in recent years, several enterprises have also boldly increased building modern factories in foreign countries or acquired foreign enterprises right in the host countries. With such aforesaid strategy, several enterprises have step by step fortified their positions as well as the market share of Vietnamese products in global market.
Remarkable M&A deals in 2019

Remarkable M&A deals in 2019

According to statistics, there were several merger and acquisition (M&A) deals in consumer goods, retail, finance, banking and real estate sectors across the country in 2019.
Banking industry shows good performance

Banking industry shows good performance

Recently released financial statements of the third quarter of this year of commercial banks showed that banking industry has continued to flourish with extremely positive profit growth, in which a large part was contributed by revenue from services. 
Former Chairman of the BIDV Board of Directors Tran Bac Ha (Source: VNA)

Former BIDV Chairman Tran Bac Ha arrested

The Ministry of Public Security announced on November 29 that its Police Investigation Agency has detained and searched the homes of four people for their suspected involvement in legal violations via banking operations at the Bank for Investment and Development of Vietnam (BIDV).
Central bank puts brake on ATM withdrawal charges

Central bank puts brake on ATM withdrawal charges

As several local lenders planned to raise fees for cash withdrawals at ATMs, the State Bank of Vietnam put brake on the fee hike, the central bank confirmed the news yesterday.
VPBank prepares for listing on HOSE

VPBank prepares for listing on HOSE

The Ho Chi Minh City Stock Exchange (HOSE) said over 1.33 billion shares of Vietnam Prosperity Joint Stock Commercial Bank (VPBank) will officially be listed on the HOSE, code VPB, from August 17 with the reference price of VND 39,000 per share.