Banks, especially State-owned banks, are expected to increase their capital significantly this year as they are allowed to retain profits or pay dividend in shares instead of cash as previously.
The Government has decided to allow Vietcombank and Vietinbank to increase their charter capital by 10 trillion VND (434.8 million USD) in the first quarter of this year, Deputy Prime Minister Vuong Dinh Hue said last month.
The Government has finally announced a roadmap to increase charter capital for large State-owned banks in the first quarter of this year.
The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank, HOSE: HDB) has reported impressive results in the third quarter of this year, with pre-tax profits increasing by a record 51 percent year-on-year to over 1.23 trillion VND (53.4 million USD).
VOV.VN - The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has been selected as this year’s best bank in Vietnam, according to Alpha Southeast Asia (Alpha SEA) magazine in an awards ceremony which recently took place in Singapore.
VOV.VN -Three people have been killed with another person seriously injured as a result of a major road traffic accident that occurred in Tuy Phong district, Binh Thuan province, between an oncoming train and a car.
The fifth meeting of a joint committee on economic cooperation between the Vietnamese Ministry of Industry and Trade (MoIT) and the Italian Ministry of Economic Development took place in Rome on December 4.
The Orient Commercial Joint Stock Bank (OCB) has successfully issued shares worth more than VND900 billion (over US$39.6 million) to increase its chartered capital.
The total assets held by Vietnam’s credit institutions reached more than VND10.3 quadrillion (US$447.8 billion) by the end of May, an increase of 3.27% over the beginning of this year, the latest report from the State Bank of Vietnam (SBV) showed.
VOV.VN - A collision involving a passenger bus and a truck left one person dead and injured at least 10 others on the stretch of Highway 20 passing through Lien Nghia town in Central Highland Lam Dong province.
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.
The State Bank of Vietnam (SBV)'s statistics show that the average capital adequacy ratio (CAR) of the banking sector has been consistently falling since the beginning of this year.
A trade promotion programme is underway in Bologna and Rome cities from July 23-26, aiming to boost Vietnamese exports to Italy’s distribution network via the Coop Italia and Conad supermarket chains.
VOV.VN - A man was killed on the morning of July 14 in a collision involving a truck and a passenger car on National Highway 1 in the northern province of Nam Dinh, reported the Zing online newspaper.
VOV.VN - It was announced at a press conference that the 13th annual auto accessories expo set for May 25-28 at the Saigon Exhibition & Convention Center in Ho Chi Minh City will get bigger this year.
VOV.VN - A four-seat car suddenly burst into flames while moving through Le Van Luong-Hoang Dao Thuy crossroads in Hanoi at 8:00am on February 23.
VOV.VN - The Saigon Train Station has added extra trains and cars so trains can carry more people, as record numbers of travellers head home for the long TET holiday.
VOV.VN - Over the past decade, uncomplicated and easy to understand advertising has given way to national branding— giving products an emotional connection to which their customers can identify.
The deputy prime minister of Vietnam has directed that competent agencies probe a road accident in which a trailer truck rear-ended a car and killed four people while traveling in a northern province on the weekend.
VOV.VN - Five Vietnamese nationals were killed and two injured on the morning of October 24 when a north-south railway train hit a taxi-car at a crossing in the Thuong Tin District of Hanoi, authorities said.