The partnership signifies EFG Hermes’ strategy to widen its geographic footprint and identify new opportunities in the Southeast Asian nation of Vietnam, beyond its key presence in the Middle East and North Africa region.
The IFC-led financing package, combined with advisory services, will boost lending to small and medium enterprises (SMEs), especially women-owned or led ones, and will promote supply chain finance in Vietnam.
Joint Stock Commercial Bank for Investment and Development of Vietnam has recently announced its specific plan on issuance of 600 million new shares to Korean based KEB Hana Bank to raise its charter capital.
This is the largest commercial loan that the Asian Development Bank has provided to an Asian commercial bank so far.
Taiwan based Mega International Commercial Bank has offered several short-term loans worth dozens of millions of US dollars to Phu My Hung to deploy projects in Vietnam since 2013.
Within less than five months leading the Southeast Asia Joint Stock Commercial Bank (SeABank), Nguyen Canh Vinh has resigned from this position since February 8, 2018, for personal reason.
The Post and Telecommunication Finance Company which has lost for many years was auctioned with a starting price of VND500 billion (roughly US$22 million) by VNPT on February 1.
According to Orient Commercial Bank (OCB), BNP Paribas has sold all 74.7 million shares in OCB and is no longer a shareholder.
HDBank, formally known as Ho Chi Minh City Development Joint Stock Commercial Bank, plans to list its shares on the Ho Chi Minh Stock Exchange (HOSE) on January 5 at a reference price of VND33,000 (US$1.46) per share.
Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) expects to sell shares worth US$300 million to foreign investors in its the initial public offering (IPO) this month.
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.
Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) now has five subsidiaries, two of which are registered overseas, namely the U.S-based Vietcombank Transfers Company and Hong Kong-based Vietnam Finance Co., Ltd. (Vinafico).
Customer deposits in the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) increased by 16.6 per cent in the first nine months of 2017.
The statistics of Lien Viet Post Joint Stock Commercial Bank (LienVietPostBank) was updated until August 31, 2017 and before the time that the bank put its shares on UPCom.
