Tag: "techcombank"

Consumer finance lures foreign firms

Consumer finance lures foreign firms

Consumer finance is proving to be an attractive sector with the number of foreign companies rising through mergers and acquisitions, the news site cafef.vn reported.

Reference exchange rate up VND2

Reference exchange rate up VND2

The daily reference exchange rate for VND/USD was set at VND22,470 per USD on October 6, up VND2 from the previous day.

Lotte expands Vietnam ops

Lotte expands Vietnam ops

Lotte Card’s purchase of TechcomFinance from Techcombank is considered a move to expand in Vietnam and break into the US$26.55-billion consumer finance market, which has been showing signs of rapid development.

Reference exchange rate revised down

Reference exchange rate revised down

The State Bank of Vietnam adjusted the daily reference exchange rate for VND/USD to VND22,468 on October 5, down VND5 from the previous day.

Reference exchange rate up by VND6

Reference exchange rate up by VND6

The State Bank of Vietnam (SBV) set its reference VND/USD exchange rate at VND22,470/USD on September 28, up by VND6 from the previous day.

Reference exchange rate up by VND8

Reference exchange rate up by VND8

The State Bank of Vietnam set its reference VND/USD exchange rate at VND22,464/USD on September 27, up by VND8 from the day ago.

Reference exchange rate up by VND4

Reference exchange rate up by VND4

The State Bank of Vietnam set its reference VND/USD exchange rate at VND22,450/USD on September 22, up by VND4 from September 21.

Vietnamese banks no longer burn for foreign capital

Vietnamese banks no longer burn for foreign capital

After separating from HSBC, Techcombank plans to spare no room for foreign investors, and VP Bank, which has been prospering in the last four years, is no longer eager to seek foreign partners.

Reference exchange rate up VND3

Reference exchange rate up VND3

The State Bank of Vietnam set the daily reference exchange rate for VND/USD on September 14 at VND22,441 per USD, up VND3 from the previous day.

Reference exchange rate down by VND15

Reference exchange rate down by VND15

The State Bank of Vietnam offered its reference VND/USD exchange rate at VND22,434/USD on September 6, down by VND15 from the day ago.

Techcombank wants no foreign ownership

Techcombank wants no foreign ownership

The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) has no foreign stakeholder following HSBC Bank plc’s divestment in July, and has requested shareholders to approve zero foreign ownership temporarily.