Banks record higher profits, some exceeding annual plan

Multiple banks recorded prosperous business results in the first nine months of 2021 despite the negative impacts caused by the COVID-19 pandemic, with some even so exceeded business targets for the whole year.

Banks increase profits on strong credit growth Banks at the end of July reported significant increases in first-half profits on strong credit growth despite pressures from the pandemic

Shares set new high, cash flow boosts indices

Vietnamese shares extended gains on Friday, setting a new historical high thanks to a strong investment cash flow and foreign investors’ net buying.

Banks post positive results in Q4 2020 Among companies that released fourth quarter results, many banks ended the year on a positive note. 

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.

Satra targets cutting State stake to 66 per cent The State-owned firm Satra has filed an equitisation plan with the HCM City People’s Committee.

Seventeen banks slash interbank transfer fees from Tuesday

Seventeen out of 45 commercial banks slashed the fees for interbank transfers of small sums worth less than VNĐ500,000 (US$22) following the move of the National Payment Corporation of Việt Nam (NAPAS) to cut switching fees with an aim to promote cashless payments.

Banks’ profits from foreign exchange trading dwindling One thing that stands out in many banks’ third quarter reports is the sharp drop in profits from foreign exchange trading activities.

Thanh Hóa Water Supply raises US$15.7 million from share sale

Thanh Hóa Water Supply JSC on Wednesday sold 11.05 million shares on the Hà Nội Stock Exchange (HNX), earning VNĐ365.7 billion (US$15.7 million).

VietinBank to divest from Saigonbank in Q2

State-owned Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) will put more than 15.1 million shares of Saigon Bank for Industry and Trade (Saigonbank) up for auction in the second quarter of this year.