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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.

VPBank's profit ranked fourth, surpassing Agribank

VPBank's profit in 2017 surpassed Agribank and was only lower than that of Vietcombank, Vietinbank and BIDV.

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.

Vietnam's capital market is so "lame"

According to Tran Du Lich, economic experts, as long as the business is based entirely on capital from commercial banks, the capital market will not develop strongly.

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.

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

Rumors cause Vietnamese stock market to vaporize US$1.8 billion

The rumors that former president of Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) (stock code: BID) was arrested have made the local securities market pay for a slump at the closing session on August 9, the lowest level in the past two years, equivalent to a vapor of US$1.8 billion in value losses.