Vietcombank has announced the highest pre-tax profit in the banking sector for the second quarter and the first half of 2024, even as core revenue streams show a downturn.
Five local enterprises have striven to the Asia300 Power Performers, with three have got to the top 100.
While both Vietcombank and BIDV announced significant profit growth, Vietinbank remained quiet and kept secret until the end.
The average offering price is estimated at $2.5 per share and the attainable capital will help Vietcombank maintain growth in next years.
Vietcombank's shareholding in MBBank and Eximbank has dropped to less than five per cent in compliance with the regulations of the State Bank of Vietnam.
The State Bank of Vietnam has approved Vietcombank and Vietnam International Bank to apply the Basel II standards from January 01, 2019, one year ahead of deadline.
In addition to owners' equity, Hoa Phat has mobilized tens of trillion dongs from Vietinbank and Vietcombank to invest in Dung Quat steel complex.
Quoc Loc Phat Joint Stock Company together with SonKim Land and Vietcombank have successfully signed a strategic cooperation agreement to officially kick off the Metropole Thu Thiem project in Thu Thiem New Urban Area, District 2, Ho Chi Minh City.
Truong Gia Binh, Chairman of FPT was recommended as an independent member of the Board of Directors of Vietcombank at the annual shareholders meeting of the bank just held.
VPBank's profit in 2017 surpassed Agribank and was only lower than that of Vietcombank, Vietinbank and BIDV.
With the initial offer price of VND13,000 (US$0.57) each, Vietcombank may earn VND246 billion (US$10.8 million) from the sale of around 19 million shares of Orient Commercial Joint Stock Bank (OCB).
JSC Bank for Foreign Trade of Vietnam (Vietcombank) has successfully divested its shares from the Saigon Bank For Industry and Trade (Saigonbank) and the Cement Finance Company (CFC) with the total amount of more than VND342 billion (roughly US$15.096 million).
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.
