VPBank sees profit up 37 per cent in 6 months Việt Nam Prosperity Joint Stock Commercial Bank (VPB) achieved consolidated pre-tax profit of more than VNĐ9 trillion (US$391.9 million) in the first six months of this year, up 37.2 per cent over the same period in 2020.

More M&A deals in the banking sector next year: local media Việt Nam’s equity market may witness big merger and acquisition (M&A) deals in 2021 as local banks are trying to lure foreign capital on the country’s participation in international trade deals.

Top companies see profit slide in 9 months

Forty largest companies by market capitalisation posted a 15 per cent annual decline in total pre-tax profit after nine months.

VPBank completes 92% of earnings plan The Việt Nam Prosperity Joint Stock Commercial Bank (VPBank) has accomplished 92 per cent of the full-year pre-tax profit after nine months.

Controversial draft decree may make banks lose potential foreign investors

A draft decree being developed by the State Securities Commission to implement the amended Law on Securities may cause local banks to lose out on potential foreign investment.

'One-trillion-đồng profit club' led by Vinhomes JSC

Twenty-five companies have entered the “one-trillion-đồng profit club” for January-June, despite the economic ravages of the COVID-19 pandemic.

Local banks to face competition from foreign rivals

Domestic banks are expected to face increasing competition, especially as European banks will be able to access the Vietnamese market when the European Union-Việt Nam Free Trade Agreement (EVFTA) takes effect.

VPBank and State Treasury co-operate in State budget collection Việt Nam Prosperity Joint-Stock Commercial Bank (VPBank) and Việt Nam State Treasury (VST) on Monday signed a bilateral co-operation agreement.

Opportunity grow for cash-less payments due to COVID-19 The reluctance to use cash and come to crowded places such as markets or supermarkets has significantly changed consumption and payment habits.

VPBank, Fe Credit donate VNĐ15 billion for fight against COVID-19

Việt Nam Prosperity Joint Stock Commercial Bank (VPBank) and its subsidiary Fe Credit decided to contribute VNĐ15 billion (US$646,500) to the fight against the novel coronavirus (COVID-19) pandemic.