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Agribank

Secret from balance sheets of ‘Big 4’ banks

In per-labour-force terms, consumer debt even jumped from 41 per cent of income in 2013 to more than 100 per cent in 2020, according to HSBC.

First seven local banks deploy chip cards

Some 22 million magnetic-strip ATM cards in Vietnam will be converted to chip cards by the end of 2019, as part of an attempt to accommodate the nation’s non-cash payments scheme by 2020.

Agribank to sell Lifepro Vietnam’s assets at just US$16.4 million

On December 29, Agribank will auction assets related to Lifepro Vietnam Joint-Venture Company (Lifepro Vietnam) which has caused the loss of nearly VND2.500 trillion (US$110 million) and many staffs of Agribank's South Ha Noi branch to be imprisonment.

Agribank puts financial leasing company ALC I up for sale

ALC I has the charter capital of VND200 billion (roughly US$8.8 million) and mainly operates in the financial leasing field.

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).

Vinh Tan 4 Thermal Power Project borrowed a syndicated loan of US$237.5 million

The expansion of Vinh Tan 4 Thermal Power Project has a total investment of VND23 trillion (more than US$1 billion) and is expected to come into operation at the end of 2019.

State to retain 65% in four State-owned banks

Politburo decision aimed at improving financial capacity of State-owned banks.

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