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Three Big Four banks enter Top 5 largest companies on Việt Nams stock market

Three 'Big Four' banks enter Top 5 largest companies on Việt Nam's stock market

Three banks from the ''Big Four'' group — Vietcombank (VCB), BIDV (BID), and VietinBank (CTG) — have made it into the top five largest companies by market capitalisation on Việt Nam’s stock exchange.
Vietinbank to cut auction price of 10 land plots by 14% to recover debts

Vietinbank to cut auction price of 10 land plots by 14% to recover debts

State-owned Vietinbank in Phú Quốc is cutting the auction price of 10 land plots on Phú Quốc Island by 14 per cent, lowering the price to VNĐ26 billion (over US$1 million) from nearly VNĐ30 billion, in an effort to recover...
Vietinbank to auction 10 land plots with 1m reserve price to recover debts

Vietinbank to auction 10 land plots with $1m reserve price to recover debts

State-owned bank Vietinbank is seeking to auction 10 land plots on Phú Quốc Island with a total reserve price of VNĐ27 billion (over US$1 million) to recover loans from a borrower.
VietinBank raises deposit rates, commercial banks follow

VietinBank raises deposit rates, commercial banks follow

VietinBank became the first large commercial bank with state capital to raise deposit rates earlier this morning.
Big4 banks and SJC sell gold bars directly to customers today

Big4 banks and SJC sell gold bars directly to customers today

This strategic move aims to promote market stability and ensure a balanced gold market, rather than pursue profit motives.
VietinBank set out business plan and dividend payout plan for 2024 Shareholders Meeting

VietinBank set out business plan and dividend payout plan for 2024 Shareholders' Meeting

VietinBank is preparing to present a business plan and propose dividend payout plan at the 2024 Annual General Meeting of Shareholders.
Banks pay dividends in shares to increase capital in 2024

Banks pay dividends in shares to increase capital in 2024

According to experts, banks should continue to plan to pay dividends in shares to increase the ability to meet capital as well as financial capacity. The dividend method is considered appropriate in the context that many banks are still having...
Big 4 banks represent 41.9% of total credit, 50% of total deposits

Big 4 banks represent 41.9% of total credit, 50% of total deposits

According to the latest data from the State Bank of Vietnam (SBV), by December 31, 2023, credit increased by about 13.71 per cent compared to the end of 2022, not significantly lower than the 14.18 per cent increase of the previous...
2023 a fruitful year for large banks, mixed for others

2023 a fruitful year for large banks, mixed for others

Despite the economic downturn, large banks have announced excellent results for 2023 and met all the targets they set for themselves.
Five banks earned profits of more than VNĐ10 trillion in H1 2023

Five banks earned profits of more than VNĐ10 trillion in H1 2023

Five banks in Việt Nam recorded a pre-tax profit of more than VNĐ10 trillion (US$422 million) in the first six months of this year, financial statements of the banks showed.
State-owned banks under capital increase pressure

State-owned banks under capital increase pressure

Việt Nam’s four biggest State-owned banks have an urgent need for capital increase in 2023 as their charter capital is too low, with some unable to ensure the regulated minimum capital adequacy ratio (CAR), according to industry insiders
VietinBanks individual pre-tax profit estimated at 868.6 million

VietinBank's individual pre-tax profit estimated at $868.6 million

VietinBank organised the conference to summarise the Party''s work and business activities last year, and to implement tasks for the new year on Sunday.
Indices extend losses due to persistent selling pressure

Indices extend losses due to persistent selling pressure

The market continued to inch lower on Tuesday morning as investor sentiment was still weighed down by sell-off activities.
Banks deny involvement in Tan Hoang Minhs bond issuance scandal

Banks deny involvement in Tan Hoang Minh's bond issuance scandal

Vietinbank and Saigon Hanoi Commercial Joint Stock Bank (SHB) said that they do not provide securities and payment guarantee services, do not invest and distribute bonds issued by Tan Hoang Minh Group.
Strong sell-off weighs on market

Strong sell-off weighs on market

The market inched down on Wednesday morning as selling pressure resurged, weighing on investor sentiment.