Tags: bidv

Former BIDV Chairman Tran Bac Ha arrested

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).

Foreign funds flow back to banking

Foreign funds flow back to banking

The banking sector has been on the recovery path after a tough time struggling with bad debt (2012-2014), especially since 2016. This comeback has been assisted by foreign investors in local banks.

Moody’s lowers outlook on Vietnamese banking system

Moody’s lowers outlook on Vietnamese banking system

Credit ratings agency Moody’s Investors Service has changed its 12-18 month outlook on the Vietnamese banking system (Ba3 stable) to stable, from its earlier positive rating, according to its recent report.

Banks race to issue bonds for capital hike

Banks race to issue bonds for capital hike

Many banks have issued a large amount of bonds to raise capital in a move to meet high demand during year-end’s peak lending season and prepare to meet the State Bank of Vietnam (SBV)’s regulations on tightening the use of short-term funds for long-term loans from early next year.

BIDV’s pre-tax profit up over 30% in nine months

BIDV’s pre-tax profit up over 30% in nine months

The Bank for Investment and Development of Vietnam (BIDV)’s pre-tax profit increased by 30.6% year-on-year to VND7.2 trillion (US$305.45 million) in the first three quarters of 2018.

Bad debt ratio among banks drops sharply to 6.7%

Bad debt ratio among banks drops sharply to 6.7%

Vietnam’s finance and banking sector has reduced its ratio of non-performing loans (NPLs) – including both NPLs owned by credit institutions and the Vietnam Asset Management Company – from 17.2% in 2012 to 6.7% at the end of June 2018.

Government directs capital hike for State-owned banks

Government directs capital hike for State-owned banks

The Government is directing ministries and agencies to raise capital for State-owned commercial banks through the use of dividends or share sales this year, Deputy Prime Minister Vuong Dinh Hue said at a recent meeting.

Vietnam’s 10 biggest tax payers in 2017

Vietnam’s 10 biggest tax payers in 2017

VOV.VN - Nearly one-third of businesses paying the most tax in 2017 belonged to the banking sector, according to statistics from the Ministry of Finance.

Financial leasing significant to mobilise capital

Financial leasing significant to mobilise capital

Financial leasing is an effective solution to solving medium- and long-term capital shortages for local businesses, head a conference held by the BIDV-SuMi TRUST Leasing (BSL) in Ho Chi Minh City on August 1.

More Japanese banks partner with BIDV

More Japanese banks partner with BIDV

The Bank for Investment and Cooperation of Vietnam (BIDV) and four banks of Japan’s Resona Group have signed a cooperation agreement on supporting Japanese firms in Vietnam.

Commercial banks yet to raise fees

Commercial banks yet to raise fees

Commercial banks have yet to be allowed to hike fees for ATM cash withdrawals, the State Bank of Vietnam (SBV) announced on July 10.

Vietnam has good growth momentum: Fitch forum

Vietnam has good growth momentum: Fitch forum

The Vietnamese economy is enjoying stronger growth compared to 2017 with increasing foreign reserves and tight control of foreign debt, said Fitch experts at the “Fitch on Vietnam” forum held in Hanoi on June 8.

Vietnamese overseas investment exceeds US$187 million

Vietnamese overseas investment exceeds US$187 million

Vietnamese enterprises invested nearly US$184.7 million in overseas projects in the first five months of 2018, according to the General Statistics Office (GSO) under the Ministry of Planning and Investment.