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Techcombank to issue 3.5 million shares to employees

Techcombank to issue 3.5 million shares to employees

The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) plans to issue more than 3.5 million shares for its employees in the form of an employee stock ownership plan (ESOP) at the price of 10,000 VND per share.

Vietnamese dong given stable outlook

Vietnamese dong given stable outlook

The Vietnamese dong would be steady next months, buoyed by positive foreign inflow and reasonable gap between interest rates of the dong and the US dollar as well as the stability of the Chinese renminbi, experts said.

Banks earn huge services profits

Banks earn huge services profits

Many banks have seen their service earnings accelerate, buoyed by increasing investment for the business segment and rising market demands.

ARS runners surpass their limit at latest in'l marathon

ARS runners surpass their limit at latest in'l marathon

VOV.VN - Forty members of adidas Runners Saigon (ARS) has recently attended the Ho Chi Minh City International Marathon Techcombank 2018. This is the first official debut of adidas’s international running community since its launch in November.

Vietcombank allowed to apply Basel II standards

Vietcombank allowed to apply Basel II standards

The State Bank of Vietnam (SBV) has allowed the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) to apply minimum capital adequacy ratio requirements following Basel II standards one year earlier than the deadline initially set by the central bank.

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.

Banks expect higher credit growth limits

Banks expect higher credit growth limits

More commercial banks expect their credit growth limits to be expanded this year after Techcombank became the first to get the nod to do so from the State Bank of Vietnam (SBV) recently.

Singapore state fund invests in Vietnam

Singapore state fund invests in Vietnam

GIC Pte, Singapore’s sovereign wealth fund, has made huge investments in large Vietnamese firms such as VinHomes, Vietjet, Techcombank and Masan.

Few bank stock options for foreigners

Few bank stock options for foreigners

Although Vietnamese bank stocks appear to have a bright future, foreign investors may find it difficult to join the parade due to a lack of progress on foreign ownership and corporate governance.