Banks to lead market growth in 2021: experts

The banking sector is still worth an investment in 2021 on expectations the Vietnamese economy and business community will recover as the pandemic is under control, experts have said.

VN to soon have a debt exchange Establishing a debt exchange has been earmarked as a key task of the State-run Việt Nam Asset Management Company (VAMC) over the next five years, a good signal for the formation of long-waited debt trading floor to resolve bad debts..

State Bank proposes expanding VAMC's operation The State Bank of Việt Nam (SBV) proposes expanding The Việt Nam Asset Management Company (VAMC) operations, saying the agency should purchase and sell bad debts and assets of all sectors in the economy.

DATC auctions more than 4 million shares of MSB Việt Nam’s Debt and Asset Trading Corporation (DATC) has offered to sell a complete lot of more than 4 million shares of the Vietnam Maritime Commercial Joint Stock Bank (MSB) on December 23.

HDBank remains on high growth path in Q3, aids business community amid pandemic The HCM City Development Joint Stock Commercial Bank (HDBank, HOSE: HDB) reported pre-tax profits of VNĐ3.615 trillion (US$155.5 million) for the first nine months of the year, a year-on-year increase of 31.9 per cent and equivalent to 107 per cent of the target.

HDBank remains on high growth path in Q3, aids business community amid pandemic HDBank remains on high growth path in Q3, aids business community amid pandemic

Samsung eyes conversion into export processing firm

The Hồ Chí Minh City People’s Committee has this month submitted a proposal to the Government seeking approval for Samsung CE Complex Electronics Co. Ltd (SEHC Company) to convert into an export processing enterprise.

Keeping NPLs ratio below 3 per cent a challenge: experts The COVID-19 pandemic is weighing on the banking system’s non-performing loans (NPLs), requiring significant effort to keep NPLs ratio below three per cent by the end of this year as targeted by the Government.

HDBank maintains high growth, keeps bad debts at below 1.1%

The HCM City Development Joint Stock Commercial Bank (HOSE: HDB) achieved excellent results in the first half of the year, with pre-tax profit increasing by 31.5 per cent year-on-year to VNĐ 2.908 trillion (US$125.03 million), and meeting 51.4 per cent of the 2020 target.

Vietinbank posted US$319.6 million before-tax profit Vietinbank, listed as CTG, posted pre-tax profit of more than VNĐ7.4 trillion (US$319.6 million) in the first half of the year, representing 40 per cent year-on-year increase.