Tags: vietcombank

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.

Vietcombank among Forbes’ top 1,000 listed companies worldwide

Vietcombank among Forbes’ top 1,000 listed companies worldwide

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) found a place among the 1,000 largest companies in Forbes’ recent “The World’s Largest Public Companies 2020” report, released in its Global 2000 annual rankings.

COVID-19 hits profitability of national banking sector

COVID-19 hits profitability of national banking sector

VOV.VN - If the ongoing COVID-19 epidemic is successfully brought under control by the end of the second quarter then it is likely that the pre-tax profits of banks will grow at an annual rate of 7.2%, with the rate drastically falling to 0.8% if the epidemic is unable to be controlled until the end of the year, according to SSI Securities Joint Stock Company.

Delay forecast for banks’ capital hike plans

Delay forecast for banks’ capital hike plans

The Government’s plans to increase capital for large State-owned commercial banks in the first quarter of this year could be delayed due to the COVID-19 outbreak, analysts predicted.

Pilot project allows fee payment for cars and motorbikes online

Pilot project allows fee payment for cars and motorbikes online

Residents in Hanoi and Ho Chi Minh City will now be able to pay registration fees for cars and motorbikes through the Government’s national public service portal, banking electronic payment channels and intermediary payment service providers.

Banking sector to cash in on benefits from EVFTA

Banking sector to cash in on benefits from EVFTA

The Vietnamese banking sector, now undergoing drastic restructuring, will have more opportunities to improve its financial capacity as well as learn modern business models and management from their European partners after the EU-Vietnam Free Trade Agreement (EVFTA) takes effect, according to insiders.

Two State-owned banks allowed to increase charter capital

Two State-owned banks allowed to increase charter capital

The Government has decided to allow Vietcombank and Vietinbank to increase their charter capital by 10 trillion VND (434.8 million USD) in the first quarter of this year, Deputy Prime Minister Vuong Dinh Hue said last month.

Twelve banks clear all bad debts at VAMC

Twelve banks clear all bad debts at VAMC

Twelve out of 40 commercial banks have so far cleared all their non-performing loans (NPLs) kept at the Vietnam Asset Management Company (VAMC).

Consumers warned of online trading frauds on Tet holiday

Consumers warned of online trading frauds on Tet holiday

Since the quantity of trading normally witnesses a significant growth when Tet holiday approaches, sophisticated frauds are more likely to happen. Several commercial banks have issued their warning and tips to avoid such swindles, especially in online trading.