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Techcombank's shares price plummeted upon its first listing on bourse

Techcombank's shares price was steeply reduced by 20 per cent to VND102,400 ($4.49) per share, lower than initial reference prices of VND128,000 ($5.6) making the bank's capitalization value dropped by nearly $1.32 billion.

Pressure of Basel II pushes banks to increase charter capital

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.

Banks poised to increase capital by $1.6b

The banking system is expected to further develop this year, as 16 banks have announced plans to increase capital by a total of nearly VNĐ37 trillion (US$1.62 billion).

Stock indexes
968.88 4.6 0.48
Volume: 151,000,000 Value: 3,511 (Billions VNĐ)
108.02 0.1 0.09
Volume: 32,000,000 Value: 441 (Billions VNĐ)
51.47 0.08 0.16
Volume: 12,000,000 Value: 200 (Billions VNĐ)
949.23 -0.95 -0.1
Volume: 45,000,000 Value: 1,608 (Billions VNĐ)