Increasing charter capital vital for state-owned banks to retain central economic role BUSINESS BEAT

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.

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.

VPBank and Proparco co-operate to promote green credit in Việt Nam VPBank and Proparco - the private sector financing branch of Agence Française de Développement (AFD) have signed a US$50 million loan with the aim of supporting climate-friendly initiatives, green and energy efficient projects, as well as small-and-medium enterprises (SMEs) in the country.

Banks upbeat about charter capital hike in 2020 Banks, especially State-owned banks, are expected to increase their capital significantly this year as they are allowed to retain profits or pay dividend in shares instead of cash as previously.

Top 10 landmarks on the stock market in 2019

The 14th National Assembly on November 26 approved the amended Law on Securities during its eighth meeting. The new law will take effect from 2021.

Africa Finance Corporation Closes US$140 million Kimchi Term Loan Facility Africa Finance Corporation Closes US$140 million Kimchi Term Loan Facility

KEB Hana Bank becomes BIDV’s strategic shareholder

South Korea’s KEB Hana Bank has officially become a foreign strategic shareholder in the Bank for Investment and Development of Việt Nam (BIDV) following a cooperation agreement with the two sides inked on Monday.

BIDV sells 603 million shares to KEB Hana Bank After the issuance, the bank's charter capital has increased by VNĐ6 trillion from VNĐ34.2 trillion to more than VNĐ40.2 trillion.

Basel II deadline rapidly approaching, are banks on course to meet norms?

Banks with a relatively good performance and financial situation can easily adopt Basel II standards whereas it is difficult for those facing financial difficulties.