VPBank aims top position by 2022

January 05, 2018 - 16:40

Việt Nam Prosperity Bank (VPBank) will target to be listed among the most valuable banks by 2022, according to the bank’s CEO, Nguyễn Đức Vinh.

VPBank’s pre-tax profit was VNĐ7.5 trillion (US$329 million) in 2017, up 10 per cent from its target. — Photo soha.vn

Viet Nam News

HÀ NỘI — Việt Nam Prosperity Bank (VPBank) will target to be listed among the most valuable banks in Việt Nam by 2022, according to the bank’s CEO, Nguyễn Đức Vinh.

He said that the bank was striving to fulfil its vision of becoming one of the most friendly banks to customers by putting into use technology.

Vinh said VPBank would implement its six key development plans during 2018-22. This is expected to result in outstanding growth in current sale channels, bring in new growth momentum, expand strategic relationships, achieve redesigning and digitalisation for customers, and lead to a healthy and effective organisation to attract talented people.

Last year, VPBank’s pre-tax profit was VNĐ7.5 trillion (US$329 million), up 10 per cent from its target. Its profit in 2017 also rose by 50 per cent from VNĐ4.9 trillion in 2016. — VNS

Tags bank VPBank Vietnam economy

Work starts on $84.5-million glove manufacturing project in Nam Định

bizhub

Mega trading project starts construction in Đà Nẵng

bizhub

Samsung holds second corporate social responsibility day

bizhub

Growing wine market to be worth US$382 million

bizhub

Taiwan and Việt Nam collaboration in the water treatment sector is promising prosperity

bizhub

Maersk opens its first bonded warehouse in Việt Nam

More on this story

bizhub

Emirates extends ’My Emirates Pass’ programme

Emirates Airline is extending its My Emirates Pass programme to customers visiting Dubai this winter season.

bizhub

VN’s TH Group receives 1,100 cows from US

Việt Nam’s TH Group, famous for its TH True Milk brand, on Wednesday, received 1,100 cows of high milk production imported from the US.

bizhub

Mobile World completes acquisition of Trần Anh Digital

Thế Giới Di Động (Mobile World) JSC on January 3 officially completed the acquisition of Trần Anh Digital World JSC, giving it ownership of an over-90-per cent stake at Trần Anh.

bizhub

DDoS attacks decreased since Q2 2017: Verisign report

Verisign’s Q3 2017 DDoS Trends report showed that 29 per cent of attacks in Q3 2017 employed five or more attack types.

bizhub

TPBank to list on HOSE in first quarter

Tiên Phong Commercial Joint Stock Bank (TPBank) will make its initial public offering (IPO) by the end of the first quarter of the year.

bizhub

Tường An plans to produce 50,000 tonnes of cooking oil for Tết

The cooking oil producer, Tường An Vegetable Oil Joint-Stock Company, plans to provide 50,000 tonnes of cooking oil to the market for the Lunar New Year holiday.

bizhub

VinEco to expand retail network this year

VinEco, the agriculture arm of VinGroup, expects to expand its distribution network three times to more than 3,500 supermarkets and convenient stores in 2018, a source from VinEco said.

bizhub

StoxPlus to organise credit risk conference

A conference on “Credit Risk Management for Trade and Investment in Việt Nam” will be held in Hà Nội on January 11 to address credit risk management practices in Việt Nam and strategies to gain the trust and confidence of foreign firms seeking to partner with Vietnamese companies.