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Banks report higher profits

Banks report higher profits

Banks are reporting better profits for the third quarter this year, with Vietcombank leading the way despite the predicted slowdown in credit growth.

Vietcombank posts record profit of nearly 757.6 million USD

Vietcombank posts record profit of nearly 757.6 million USD

Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) reported nearly 17.6 trillion VND (757.59 million USD) in consolidated profit in the first nine months of this year, surging 50.6 percent from the same time last year and reaching 85.8 percent of the yearly plan.

Different scenarios for VN-Index in Q4

Different scenarios for VN-Index in Q4

Brokerages proposed different scenarios for the movement of VN-Index from now until the end of the year depending on the world's economic growth prospects.

Vietnam steps up fight against dollarization

Vietnam steps up fight against dollarization

The stability of the VND has contributed to decreasing demand for the dollar as people prefer the national currency due to the large spread between interest rates on VND and the dollar.

Vietcombank claims three Asiamoney awards

Vietcombank claims three Asiamoney awards

VOV.VN - The Joint Stock Commercial Bank for Foreign Trade of Vietnam, more commonly known as Vietcombank, has become the only Vietnamese bank to be honoured across three categories by Asiamoney magazine in an awards ceremony which was recently held in Singapore.

Hong Kong-based insurer likely to reach deal with Vietcombank

Hong Kong-based insurer likely to reach deal with Vietcombank

Insurer FWD Group Ltd. is nearing an agreement to pay about 400 million USD for a unit of the Bank for Foreign Trade of Vietnam JSC (Vietcombank), and a long-term insurance distribution agreement with the bank, Bloomberg reported.

Vietcombank named as nation’s best bank in 2019 by Alpha SEA

Vietcombank named as nation’s best bank in 2019 by Alpha SEA

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.

Banks achieve half year’s profit target

Banks achieve half year’s profit target

VOV.VN - Twelve out of the 25 commercial banks that have announced half-year financial reports achieved more than 50 per cent of the annual profit target within the first half of this year.

Nine banks report over trillion VND in H1 profit

Nine banks report over trillion VND in H1 profit

VOV.VN - Nine commercial banks each recorded trillions of VND in profit during the first half of 2019, making the combined profits of VND33.6 trillion (US$1.44 billion), as stated in their business reports for the reviewed period.

Credit growth expanded 7.33 percent in H1

Credit growth expanded 7.33 percent in H1

The banking sector reported a credit growth of 7.33 percent in the first half of this year compared to the end of 2018, Governor of the State Bank of Vietnam (SBV) Le Minh Hung said.

Vietnamese banks to seek capital in international markets

Vietnamese banks to seek capital in international markets

Vietnamese banks are seeking to raise capital in international bond markets as they face growing pressure to hike capital to satisfy the central bank's regulations on minimum capital requirements and Basel II standards by early next year.