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Banks announce upcoming divestment plans

Several banks announced they would auction the shares they are holding in companies, in the last two months of the year, on the Hà Nội Stock Exchange (HNX).

 

Exchange rate will be kept stable: SBV governor

State Bank of Việt Nam (SBV) Governor Lê Minh Hưng said yesterday he was confident that the đồng/dollar exchange rate will remain stable for the foreseeable future.

   

Domestic commercial banks accelerate foreign talks

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Domestic banks are accelerating negotiations with foreign investors as well as propose the authorities to increase the foreign ownership limit to lure in foreign investors.

   

TPBank to finalise list of shareholders for IPO

Tiên Phong Commercial Joint Stock Bank (TPBank) will finalise the list of shareholders on November 20 for its planned initial public offering (IPO).

   

Vietcombank to fully cut its cross ownership

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State-owned bank to divest from other credit institutions next year to meet SBV regulation.

   

Credit contacts

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High demand among customers for financial products have encouraged banks and financial institutions in Vietnam to continually launch new services to the market.

   

Banks’ shareholder structure changes

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While institutional shareholders register to divest shares of listed banks, inside shareholders and relatives of the members of the board of management are rushing to collect shares.

   

A prosperous year for Việt Nam’s banking industry

Profits of many commercial banks this year will hit the highest levels since 2012 thanks to rising capital demand, experts have forecast.

   

Rising capital demand puts pressure on liquidity

Rising capital demand in the last few months of the year has put pressure on the liquidity of the banking system.

   

Banks offer high interest rates to mobilise deposits

Many banks, especially small- and medium-sized ones, are offering high interest rates and promotion programmes to compete for the mobilisation of deposits.

   

VietinBank issues bonds with attractive interest rates

Việt Nam Joint Stock Commercial Bank for Industry and Trade (VietinBank) is issuing 20,000 bonds in phase 1 of its public offering from October 25 to November 13, 2017.

   

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