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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.

VietinBank lags behind in race among the state-owned banks

While both Vietcombank and BIDV announced significant profit growth, Vietinbank remained quiet and kept secret until the end.

Vietcombank sells shares worth $265 million to GIC, Mizuho Bank

The average offering price is estimated at $2.5 per share and the attainable capital will help Vietcombank maintain growth in next years.

Vietcombank is no longer major shareholder of MBBank and Eximbank

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.

Vietcombank and VIB approved to apply Basel II standards

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.

Techcombank to increase charter capital threefold up to $1.53 billion

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.

SonKim Land develops an over $320 million project in Thu Thiem New Urban Area

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.

Vietcombank nominated FPT's Chairman as Board member

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.

Taking position in $439 million of pretax profit - race of Tecombank and VPBank

The ambitious targets set by banks in 2018 forecast that the private banks will usurp the state owned commercial ones.

Billionaires in the hand of banks

Being a billionaire by owning billions of dollar of assets, many Vietnamese businesses use these assets to secure their loans or related companies at banks.