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vietcombank

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.

Vietcombank gains US$14.6 million from sale of 7.6 million shares of Vietnam Airlines

Vietcombank (stock code: VCB), the largest commercial bank in Vietnam by market capitalization, has earned VND334 billion (US$14.6 million) after selling 7.6 million shares in Vietnam Airlines (stock code: HVN).

Techcombank vies for revenue with VPBank to climb up top five profitable banks

Techcombank announced that its pretax profit in 2017 reached over VND8.03 trillion (US$354.4 million), doubling that in 2016 and naming Techcombank in Vietnam’s top five profitable banks.

VPBank's profit ranked fourth, surpassing Agribank

VPBank's profit in 2017 surpassed Agribank and was only lower than that of Vietcombank, Vietinbank and BIDV.

BNP Paribas divests entire stake from the Orient Commercial Bank

According to Orient Commercial Bank (OCB), BNP Paribas has sold all 74.7 million shares in OCB and is no longer a shareholder.

Vietcombank to sell nearly 19 million shares of OCB at US$0.57 each

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).

Fifteen Vietnamese banks named in the Asia Pacific’s strongest banks

Fifteen Vietnamese banks have been listed among The Asian Bankers’ AB500 ranking and survey of Asia Pacific’s strongest banks.

Vietcombank attained US$15 million from divestment

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).

How do Vietcombank's two overseas subsidiaries in US and Hong Kong operate?

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).

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