HDBank to pay 2nd dividend for 2019 in shares, increase capital to $693.7 million Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) has announced November 30 will be the record date for paying final dividend for 2019 in the form of shares, which will increase its charter capital to VNĐ16.088 trillion (US$693.7 million).

VIB lists nearly one billion shares on HoSE Nearly one billion Vietnam International Bank (VIB) shares were listed on the Hồ Chí Minh Stock Exchange (HOSE) on Tuesday with the reference price for the first day of trading set at VNĐ32,300 (US$1.4).

Techcombank posts robust earnings gains in 9 months

Techcombank reported a total pre-tax profit of VNĐ10.7 trillion (US$462.6 million) and a total revenue of VNĐ19.3 trillion in the past nine months.

HDBank ranked among Việt Nam’s top 50 listed companies HDBank has been ranked among the top 50 listed companies in Việt Nam in 2020 by Forbes Vietnam.

Revised Law on Credit Institutions to cover bad debt recovery

The Government has directed the State Bank of Việt Nam (SBV) to add non-performing loan (NPL) settlement regulations under Resolution No.42/2017/QH14 into the revised Law on Credit Institutions, SBV’s deputy governor Nguyễn Kim Anh said on Wednesday.

HDBank Issues Convertible Bonds to Strategic Partner Germany’s DEG HDBank Issues Convertible Bonds to Strategic Partner Germany’s DEG

​​​​​​​HDBank issues convertible bonds to strategic partner Germany’s DEG The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank - HoSE: HDB) signed an agreement to issue convertible bonds and enter into a strategic tie-up with DEUTSCHE INVESTITIONS- UND ENTWICKLUNGSGESELLSCHAFT MBH (DEG) in HCM City on Friday.

Techcombank achieved US$288.4 million before-tax profit in H1

Việt Nam Technological and Commercial Joint-Stock Bank (Techcombank) recorded before-tax profit of VNĐ6.7 trillion (US$288.4 million) in the first half of this year, representing 19 per cent year-on-year increase and extended to 19 consecutive quarters of year-on-year revenue growth, despite continuing challenges due to COVID-19.

Sacombank profit reaches $61.5 million in the first half Sacombank has released its consolidated financial statements for the second quarter, with profit before tax going up by more than 10 per cent from the same period last year to VNĐ441 billion (US$19 million).

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.