The trend of retail lending and the firm credit growth rate have opened a new prospect for Vietnamese banking. Talking with VIR about banking development, Barry Weisblatt, head of research at Viet Capital Securities, has expressed his belief in the Vietnamese banking sector, especially in Techcombank.
The central city has been selected as a host of the Techcombank Ironman 70.3 Asia Pacific Championship in 2019. It will offer a US$75,000 cash-prize for professional competitors.
More than 1.16 billion shares of the Vietnam Technological and Commercial Joint Stock Bank (Techcombank) coded TCB were officially listed on the Ho Chi Minh Stock Exchange on June 4.
Vietnamese lender Techcombank will list its shares on the Ho Chi Minh Stock Exchange next month, the bank said on May 23, making it the country’s seventh biggest firm by market value.
More than 1,600 athletes from 56 countries, including 620 from Vietnam, will take part in the triathlon race Techcombank Ironman 70.3 Vietnam 2018 in Danang City on May 13.
Vietnam Technological and Commercial Joint Stock Bank (Techcombank) raised about 21 trillion VND (922 million USD) in its initial public offering (IPO) on April 27.
Moody’s Investors Service has upgraded the long-term local-currency bank deposits ratings and local- and foreign-currency issuer ratings of three banks of Vietnam from B2 to B1.
The increased presence of foreign investors in M&A deals of finance companies shows the attractiveness of the consumer credit market.
Two separate legal entities managed by Warburg Pincus would invest over US$370 million in the Vietnam Technological and Commercial Joint Stock Bank (Techcombank), announced the bank on March 12.
Shinhan Financial Group has just announced that subsidiary Shinhan Card has completed the acquisition of Prudential Vietnam Finance Company Ltd.
International institutions have given positive comments about the operation of the Vietnamese banking sector.
More than 5,000 athletes from 44 countries participated in the 2017 Techcombank Ho Chi Minh City International Marathon on November 26.
Foreign ownership in the Vietnam Technological and Commercial Joint Stock Bank (Techcombank) is officially at zero per cent, the bank announced late last week.
The General Department of Vietnam Customs will pilot the electronic tax collection and customs clearance 24/7 with five banks.
The State Bank of Vietnam set its reference VND/USD exchange rate at VND22,451/USD on the morning of October 16, down by VND2 from the end of last week.
Consumer finance is proving to be an attractive sector with the number of foreign companies rising through mergers and acquisitions, the news site cafef.vn reported.
The daily reference exchange rate for VND/USD was set at VND22,470 per USD on October 6, up VND2 from the previous day.
Lotte Card’s purchase of TechcomFinance from Techcombank is considered a move to expand in Vietnam and break into the US$26.55-billion consumer finance market, which has been showing signs of rapid development.
The State Bank of Vietnam adjusted the daily reference exchange rate for VND/USD to VND22,468 on October 5, down VND5 from the previous day.
The daily reference exchange rate for VND/USD on October was kept unchanged from the previous day at VND22,473/USD.