Banks allowed to extend credit growth quota The State Bank of Vietnam (SBV) has extended the credit growth limits for the third time this year to some commercial banks to meet rising capital demands at year-end.

Shares advance on the back of bank stocks Shares advanced on Wednesday, led by gains in banking stocks and market witnessed record high liquidity.

Banks race to increase capital at year-end State-owned and private joint stock banks have been racing to increase charter capital in the last months of this year to boost financial strength and meet the State Bank of Việt Nam (SBV)’s regulations on capital adequacy ratio.

VIB expects a breakthrough increase in Q4 During the event, Hoàng Linh - VIB Deputy Chief Financial Officer shared insightful business information of the bank with impressive figures in the nine-month period such as return on equity at 29.3 per cent, helping VIB maintain the leading position among the top efficient banks in the industry and the strong profit growth of 33 per cent, exceeding VNĐ5.3 trillion (US$228 million) with the motivation from sustainable income sources.

VN-Index reverses course as selling force weighs on market

VIB’s profit increases 32 per cent in Jan-Sep During the period, the bank maintained its leading position in the industry in terms of operational efficiency with return on equity (ROE) reaching over 29 per cent, the main driving force came from the retail segment and digital channels.

Profit down in Q3, likely to pick up in Q4: banks Commercial banks have recorded lower profit during the third quarter of the year with the underlying cause being the fourth outbreak of the novel coronavirus, which resulted in lockdowns in major cities and provinces across the country, said the latest report by the State Bank of Vietnam (SBV). 

Shares trim early gains as large-caps fall

Shares cut early gains to end Tuesday on a negative note as strong selling forces pushed down a handful of large-cap stocks, pressuring indices.

Shares ended lower due to sell-off in bank stocks Việt Nam’s stock market finished lower on Friday as selling pressure strengthened in the afternoon session, affecting investors' sentiment. Meanwhile, foreign investors still fled the market. 

VN-Index slightly rebounds in the last session of 3rd quarter

Shares closed higher on Thursday, but the market’s trading value hit 2-month low and foreign investors net sold nearly VNĐ180 billion (US$7.86 million) on the southern bourse.