While both Vietcombank and BIDV announced significant profit growth, Vietinbank remained quiet and kept secret until the end.
A plan to increase the charter capital up to $1.53 billion from $504 million to become the third largest bank in Vietnam was approved in shareholders' extraordinary meeting of Techcombank held yesterday.
The State Bank of Vietnam recently approved two leading commercial banks, namely VPBank and MB to raise its charter capital, the move being considered as necessity to increase their competitiveness and satisfy with standards of Basel II to control risks of credit, market and operation.
Banking sector, an important part of the whole financial system, plays a vital role in facilitating momentum for Vietnam’s economic growth but rising concerns are hanging over due to many incidents and scandals related to banks this year.
Publication permit No. 348/GP-BTTTT dated July 19, 2017, granted by the Ministry of Information and Communications of the Socialist Republic of Vietnam
Editor-in-Chief: Nguyen Cao Cuong
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