Techcombank targets US$4.5 billion capital increase, approves 7% cash dividend

Techcombank plans to raise its charter capital to more than VNĐ113.7 trillion (US$4.5 billion) - the largest increase announced in the banking sector this year - while paying a 7 per cent cash dividend and issuing bonus shares of up to 60 per cent, following shareholder approval at its annual general meeting on Saturday.

SACOMBANK, Vingroup forge comprehensive strategic partnership

Sai Gon Thuong Tin Commercial Joint Stock Bank (SACOMBANK) and Vingroup on April 24 signed a strategic cooperation agreement, marking a significant milestone in establishing a comprehensive, long-term partnership between two leading players in Việt Nam's banking-finance and private sectors.

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