Tags: techcombank

The bright outlook for Techcombank

The bright outlook for Techcombank

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.

Warburg Pincus to pump over US$370m into Techcombank

Warburg Pincus to pump over US$370m into Techcombank

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.

Consumer finance lures foreign firms

Consumer finance lures foreign firms

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.

Reference exchange rate up VND2

Reference exchange rate up VND2

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 expands Vietnam ops

Lotte expands Vietnam ops

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.

Reference exchange rate revised down

Reference exchange rate revised down

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.