VietinBank to sell 50 per cent of capital in Vietinbank Leasing The bank will sell 49 per cent of its capital in Vietinbank Leasing to Mitsubishi UFJ Lease & Finance Co Ltd and 1 per cent to another domestic investor.

AIA and EY Release New Report on Insurance for High Net Worth Individuals; 90% of Singapore Respondents Leverage Insurance Solutions as Part of Wealth and Legacy Planning AIA and EY Release New Report on Insurance for High Net Worth Individuals; 90% of Singapore Respondents Leverage Insurance Solutions as Part of Wealth and Legacy Planning

Techcombank targeted VNĐ13 trillion pre-tax profit in 2020 Techcombank (TCB) has set a pre-tax profit target of VNĐ13 trillion (US$559.3 million) in 2020, increasing slightly one per cent from last year.

AIA Singapore employees will receive S$1,000 as part of the company’s work from home assistance to support them during COVID-19 AIA Singapore employees will receive S$1,000 as part of the company’s work from home assistance to support them during COVID-19

Lender ACB to issue bonus shares at the rate of 30 per cent Every shareholder will receive three new shares for every 10 shares they hold, meaning ACB will have to issue nearly 499 million new shares.

SHB to raise capital to US$832 million The bank will issue bonus shares at a rate of 10 per cent in the third or fourth quarter of the year to raise capital.

Restructuring, bad debts prevent banks from paying dividends

At Sacombank’s annual general meeting held on June 5 its permanent vice chairman Phạm Văn Phong said that in 2019 the bank’s pre-tax profit increased by 43.2 per cent to VNĐ3.2 trillion (US$137.5 million), which was 21.4 per cent above the target.

HDBank to pay dividend at a rate of 65%, focus on digital transformation The HCM City Development Joint Stock Commercial Bank (HOSE: HDB) plans to pay 2019 dividend at a ratio of 65 per cent, with 50 per cent in stocks and 15 per cent in bonus shares.

Opportunities still exist but market will struggle to make big advance

According to Việt Dragon Securities Company (VDSC), given that many countries have gradually resumed economic activities, there will be more workload for Việt Nam.

Sacombank sets to achieve $110.6 million in pre-tax profit in 2020

Shareholders of Saigon Thương Tín Commercial Joint Stock Bank (Sacombank) approved the bank’s financial statements for last year, a number of targets for this year, profit distribution plans and other important proposals at its annual general meeting held online on June 5.