Advertisements In Vietnam, banking deposit has been considered as a safe investment with good profitability. However, many claims made by depositors about disappearing deposit balance concern customers. Still go with bank To people, bank deposit is still a good investment providing them with annual interest income and it’s nice to have some extra income forContinue reading “Gaining the customer’s trust by actions”
Tag Archives: banking
Penalties imposed on defendants involved in Trust Bank case
Advertisements The Ho Chi Minh City People’s Court on May 4 gave punishments from three-year suspended prison sentences to seven-year imprisonment to the defendants charged with “violating regulations on lending in activities of credit institutions” at Dai Tin Commercial Joint Stock Bank (Trust Bank), the predecessor of the Vietnam Construction Bank (VNCB). According to theContinue reading “Penalties imposed on defendants involved in Trust Bank case”
HDBank stands tall as one of the nation’s most profitable banks
Advertisements The 2018 annual general shareholders’ meeting of Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) was concluded successfully with a shareholder turnout of 85.6 per cent. All submissions of the board of directors were passed with high approval rates. 2017 witnessed the bold transformation of HDBank on the back of a successfulContinue reading “HDBank stands tall as one of the nation’s most profitable banks”
Techcombank applies for listing in HoSE
Advertisements HCM Stock Exchange (HoSE) has received an application from Techcombank to list more than 1.16 billion shares on its bourse. According to HoSE, Bản Việt Securities Company has been selected as the consulting institution for Techcombank’s listing. Techcombank last week also launched the nation’s biggest initial public offering (IPO) that aims to raise asContinue reading “Techcombank applies for listing in HoSE”
Banks banned from making transactions involving cryptocurrencies
Advertisements Commercial banks and intermediary payment service providers must intensify their inspections and promptly report any suspicious transactions related to cryptocurrencies. This is the content of Directive No. 02 on measures to strengthen the control of transactions and activities related to cryptocurrencies which has been issued by the State Bank of Vietnam (SBV). According toContinue reading “Banks banned from making transactions involving cryptocurrencies”
Real estate loans remain high in some banks
Advertisements Real estate lending continued to remain high at more than 10 per cent of the total outstanding loans in several banks. Online news portal Bizlive.vn reported that the top five banks recording a high proportion of real estate lending by the end of last year were Sacombank, 17.6 per cent; Techcombank, 12.6 per cent;Continue reading “Real estate loans remain high in some banks”
Japanese investment in Vietnam on the rise
Advertisements Even not in Top 3 FDI in Q1, Japanese Corporations still invest strongly and long-term in Vietnam Leaving the top 3 FDI inflows in Q1/2018, Japan remains the leading FDI “Asian Tiger” by sectors and clusters, according to FDI market – Foreign Investment Agency (Mistry of Planning and Investment) Industry, processing, manufacturing attract largeContinue reading “Japanese investment in Vietnam on the rise”
Eximbank’s blood donation day – “Thousand hearts – One kindness”
Advertisements On 07/04/2018, Eximbank held the Blood Donation Day at the National Institute of Hematology and Blood Transfusion with the message of “Thousand Hearts – One Kindness”. The “Eximbank’s Blood Donation Day” in 2018 is a succession of the charity programs that Eximbank has carried out over the past years. This is a practically meaningfulContinue reading “Eximbank’s blood donation day – “Thousand hearts – One kindness””
Former DongA Bank CEO faces prosecution over $150mn loss case
Advertisements A former CEO of DongA Bank (DAB) and 20 accomplices will be prosecuted for violations in financial management and credit grants that led to a hefty loss for the Vietnamese lender, police said on Tuesday. The investigation police under the Ministry of Public Security said they have completed the investigation into the VND3,405 billion (US$150Continue reading “Former DongA Bank CEO faces prosecution over $150mn loss case”
VIB in talks with foreign investors for treasury shares sale
Advertisements Vietnam International Bank (VIB) is counting on surging foreign investment inflows in 2018 to offload its treasury shares to foreign investors as soon as in the third quarter and is looking to bolster its charter capital through a private placement. VIB chairman Dang Khac Vy said at the bank’s annual general meeting (AGM) heldContinue reading “VIB in talks with foreign investors for treasury shares sale”
Former Vietcombank branch director accused of swindling $64 million
Advertisements The former director of the Tay Do branch of Vietcombank in Can Tho, Nguyen Minh Chuyen, has been prosecuted for swindling VND1.44 trillion ($64 million) from the bank. Specifically, Nguyen Minh Chuyen, former director of the Vietcombank branch in Can Tho, and two accomplices named Tran Anh Huy (former head of the Credit Unit)Continue reading “Former Vietcombank branch director accused of swindling $64 million”
Vietnam police add three more Eximbank employees to probe of $10.8mn savings theft
Advertisements A total of five employees of Vietnamese lender Eximbank have been placed under investigation for their role in helping a wanted former executive steal more than US$10 million from a depositor, police said Tuesday, updating initial information that only two bankers were involved. Ho Ngoc Thuy and Nguyen Thi Thi, who both work inContinue reading “Vietnam police add three more Eximbank employees to probe of $10.8mn savings theft”
Foreign banks’ withdrawal no cause for concern: experts
Advertisements The trend of foreign financial institutions withdrawing capital from their Vietnamese joint ventures has raised questions about the country’s state of financial stability, but experts claim the situation is no cause for alarm. Since early to mid 2017, well known international institutions such as France’s BNP Paribas, Hong Kong’s HSBC and Australia’s Commonwealth BankContinue reading “Foreign banks’ withdrawal no cause for concern: experts”
Warburg Pincus to invest $370 million in Techcombank, marks Vietnam’s biggest PE deal
Advertisements Warburg Pincus said it had agreed to invest more than $370 million in Vietnam Technological and Commercial Joint Stock Bank (Techcombank), in what it said was the largest ever private equity investment to date in the Southeast Asian nation. Share listings and equity offerings are booming in Vietnam as the country speeds up itsContinue reading “Warburg Pincus to invest $370 million in Techcombank, marks Vietnam’s biggest PE deal”
Waves of objections against Vietcombank’s service fee rise
Advertisements In early March, Vietcombank officially announced adjusting its service fee, especially fees for online bank transactions. With over 10 million individual clients, Commercial Bank for Foreign Trade of Vietnam (Vietcombank) ran into great objections from the public, who grouped up on social networking sites like Facebook and online forums to protest the bank’s latestContinue reading “Waves of objections against Vietcombank’s service fee rise”