TH Group may one-up Vietjet and VNG by becoming the first Vietnamese firm to have its stock listed on an overseas stock exchange. However, the IPO is planned for 2020, which leaves a lot of space for action for the other firms.
After a quiet period, M&As have once again become a hot topic of discussion at banks’ annual shareholders’ meetings. Several big deals are expected to be completed this year.
The Bank for Investment and Development (BIDV) will donate VND1 billion (US$43,700) to activities within the framework of the Hue Festival 2018, becoming the bronze sponsor for the event.
In bankers’ eyes, 2018 is the time to try to attract foreign capital to boost growth. However, they will have to scramble and compete for investors.
The Vietnam Software and IT Services Association (VINASA) presented the Sao Khue Awards to 73 information and technology (IT) solutions and services, and software products in a ceremony in Hanoi on April 21.
Many Vietnamese firms have shifted their focus to new markets like Myanmar but doing business in the once-isolated nation is not easy, largely due to its poorly-crafted business regulations.
Inspired by many Republic of Korea (RoK)'s businesses and investors making a splash in Vietnam, many RoK's financial institutions are seeking to further invest or shore up their operations here. And it is not only RoK's businesses, but local ones too that such investors are aiming at.
Institutions from the Republic of Korea (RoK) have increased their investments in Vietnam’s financial market significantly, expecting to make big gains thanks to the economic growth outlook.
Leading property management firm Savills Vietnam has officially been appointed to manage Hanoi’s Thang Long Number One Apartments project.
-Ho Chi Minh City will subsidise interests on bank loans by up to 100% to support individuals and organisations who help transform its agricultural sector.
The list of top 500 largest Vietnamese enterprises (VNR500) was announced in Hanoi on January 19, with the number of private companies in the list rising by 2.5 times in 2017 since the rankings were first made 10 years ago.
International institutions have given positive comments about the operation of the Vietnamese banking sector.
The Bank for Investment and Development of Vietnam (BIDV) will cut down its lending interest rate for short-term loans in Vietnam dong for prioritised sectors by 0.5% to 6% per year from January 15.
The Ho Chi Minh City People’s Court on January 8 began a trial on the case of “deliberately violating State regulations on economic management causing severe consequences” in the Vietnam Construction Bank (VNCB-present name CB).
Vietnam’s commercial banks reported solid results for 2017 with the total after-tax profit estimated to grow 44.5% from the previous year, according to an independent report of the National Financial Supervisory Commission.
VOV.VN - Deputy Prime Minister Vuong Dinh Hue called on the Keb Hana financial group of the Republic of Korea to increase finance-banking investment in Vietnam while receiving Chairman and CEO of the group Kim Jung Tai in Hanoi on January 5.
Due to the recovery of the credit market throughout the year 2017, plenty of banks announced positive business performance with increased profits whilst fostering asset trading, risk management, and control over non-performing loans.
In 2017, Vietnamese banks have regained their appeal to foreign investors, after a long period of restructuring. Major share sales such as HDBank and VPBank in the last months of 2017 have raised millions of USD for the banks and attracted a great number of buyers from overseas.
State-owned commercial banks are growing concerned over the critically low capital adequacy ratio (CAR) of around 9%, which also hit the minimum required CAR for the Vietnamese banking system.
After four months of development, the municipal Department of Information and Communications on December 25 officially launched the Hanoi business information portal with two domain names – http://hanoibusiness.vn and http://hanoibusiness.com.vn.