Việt Nam News

Viet Capital Securities Joint Stock Company said it has successfully signed a deal for a syndicated loan worth US$100 million with a greenshoe option to extend it to $150 million.

With strong market demand and positive economic outlook, Việt Nam’s equity market is becoming a good destination for South Korean investors, thus boosting the influence of foreign securities firms in the domestic market.

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.

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.

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.

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

The improved business performance of Vietnamese banks and a Government regulation to require local banks to meet stricter capital regulations as part of Basel II standards is spelling the start of a wave of foreign investment into the country’s finance and banking sector through mergers and acquisitions (M&A) in 2019, experts said.

In the third quarter of this year Techcombank decided to pay stock dividends for 2017 to its shareholders at a ratio of two shares for each share held.

The State Bank of Việt Nam has appointed Phan Đức Tú as the new chairman of the Bank for Investment and Development of Việt Nam (BIDV).

After suffering for nine consecutive sessions, strong rebounds of the benchmark VN Index last week raised hopes for a short-term recovery with forecasts predicted to touch 940-950 points this week.