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Leaders of banks are not allowed to chair other businesses

Leaders of banks are not allowed to chair other businesses

According to the National Assembly’s Economic Committee, many bank chairpersons are also leading other corporations, posing detrimental impacts on the operation and security of the banking system.

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.

The billion-dollar financial market for women-owned enterprised is still forgotten

Rubin Japhta, Senior Operations Officer on Banking on Women/ SME (Small and Medium Enterprise) Banking of International Finance Corporation (IFC) sai that the financing gap is estimated at US$1.19 billion for women-owned SMEs.

Vietnam tops the world in market capitalization

Vietnam is leading the world regarding market capitalization growth in the period 2016-2017 at the rate of 61 per cent, according to Credit Suisse's Global Wealth Report 2017 just released.

Truong Hai Automobile company increased its charter capital by more than US$548 million

Truong Hai Automobile Company has decided to increase its chartered capital by four times from current amount of VND4,145 billion (US$182 million) to serve for business activities in the coming years.

Vietnam Azalea Fund completed full divestment from Traphaco JSC attaining US$64.5 million

Mekong Capital just announced that the Vietnam Azalea Fund (VAF) successfully divested its 24.99 per cent stake in Traphaco JSC at VND141,500 (US$8.22) per share.

President of real estate C.T Group elected as the highest Officer of bank

The National Citizen Commercial Joint Stock Bank (NCB) has announced that it selected three more people for its Board of Director in the term of period from 2015 to 2020 including Nguyen Tien Dung, Tran Kim Chung and Vu Manh Tien.

HDBank plans to sell US$300 million worth stake to foreign investors

Vice president of Ho Chi Minh Development Joint Stock Commercial Bank (HDBank) Nguyen Thi Phuong Thao said that the bank would sell 20 per cent stake worth US$300 million to foreign investors this year.

Ph.D Le Xuan Nghia says this is not the right time to let banks collapse

The problem of bank failure has been debated within the National Assembly, leading to public concern.

Vincom Retail hit historic transaction as foreign investors owned up to 396.6 million shares

On the second day (Nov 07) being traded on the Hochiminh Stock Exchange (HOSE), Vincom Retail’s shares (VRE) hit the record of the stock market with 415 million shares worth nearly VND17 trillion (roughly US$740 million) being purchased.

MB reached pretax profit of US$190 million thanks to double service income

Military Commercial Joint Stock Bank (MB) reported a pretax profit of VND4,002 billion (nearly US$190 million) that increased 43% compared with nine months of 2016.