Tags: charter capital

Banks upbeat about charter capital hike in 2020

Banks upbeat about charter capital hike in 2020

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.

Fast food chains incurring losses

Fast food chains incurring losses

Foreign fast food chains have been in Vietnam for more than 10 years and have annual revenue of trillions of dong. But many of them continuously take losses.

Foreign investors promote M&A with Vietnam’s pharmacy firms

Foreign investors promote M&A with Vietnam’s pharmacy firms

With a two-digit growth rate in many years, Vietnam’s pharmaceutical market has boosted foreign drug firms to continue merger and acquisition (M&A) deals with their Vietnamese counterparts in a move to get higher revenue from the potential market.

Foreign banks expand operations in Vietnam

Foreign banks expand operations in Vietnam

Foreign banks in Vietnam have been expanding their transaction networks and increasing their charter capital in a bid to increase market share, especially in the retail banking sector.

Banks eye consumer finance for bigger share

Banks eye consumer finance for bigger share

Several banks are keen to establish consumer finance arms to grab a bigger share of a market that is expected to reach VND1,000 trillion (US$4.38 billion) by 2020 and grow at 29% annually.

First Singaporean bank debuts in Vietnam

First Singaporean bank debuts in Vietnam

The Singapore-based United Overseas Bank (UOB) will debut in Vietnam on July 2. It is the ninth foreign wholly-owned bank and the first Singaporean bank in the country.

SHB to raise capital again this year

SHB to raise capital again this year

The Saigon – Hanoi Bank (SHB) plans to raise its charter capital by more than VND1.2 trillion (US$52.8 million) to VND13.24 trillion (US$582.56 million) in 2018.