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Billionaires in the hand of banks

Being a billionaire by owning billions of dollar of assets, many Vietnamese businesses use these assets to secure their loans or related companies at banks.

Warburg Pincus to invest US$370 million into Techcombank

Techcombank has announced that two separate legal entities managed by Warburg Pincus will invest over US$370 million into the Bank, subject to appropriate regulatory approvals.

The financial sector attracted enormous foreign investment in the first two months of 2018

In only the first two months of this year, the banking, financial services and insurance sector (BFSI) of Vietnam received up to US$1.45 billion worth of investment.

Techcombank expects to gain huge profit from the divestment in TechcomFinance to Korea-based Lotte Card

The divestment in TechcomFinance is expected to help the Vietnam Technological and Commercial Joint Stock Bank (Techcombank) record an extraordinary profit of more than VND1.1 trillion (US$48.4 million) in the first and second quarter of this year.

Techcombank vies for revenue with VPBank to climb up top five profitable banks

Techcombank announced that its pretax profit in 2017 reached over VND8.03 trillion (US$354.4 million), doubling that in 2016 and naming Techcombank in Vietnam’s top five profitable banks.

Fifteen Vietnamese banks named in the Asia Pacific’s strongest banks

Fifteen Vietnamese banks have been listed among The Asian Bankers’ AB500 ranking and survey of Asia Pacific’s strongest banks.

Techcombank to sell nearly 17 million shares to an individual

Vietnam Technological and Commercial Joint Stock Bank (Techcombank) will attain VND510 billion (roughly US$22.5 million) after selling nearly 17 million shares to an individual.

Nam A Bank to seize the collateral of villa on Tuan Chau island

The mortgage is collected as the borrower, VICCOM Joint Stock Company, holds an overdue debt in the Nam A Commercial Joint Stock Bank (Nam A Bank).

The Korean chaebol acquires TechcomFinance

The acquisition of Techcombank's finance company allows Lotte Card to enter the booming consumer finance market in Vietnam.

S&P affirms credit ratings of four Vietnamese banks

Standard & Poor's Global Ratings has reviewed and announced its periodical credit ratings on four Vietnamese banks including the Joint Stock

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