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VAMC targets VND140 trillion bad debts this year

VAMC targets VND140 trillion bad debts this year

By the end of 2018, the Viet Nam Asset Management Company (VAMC) must handle at least VND140 trillion (US$6.15 billion) worth of bad debts it had purchased.

VN stocks decline on profit taking

VN stocks decline on profit taking

Vietnamese shares fell on Tuesday morning due to rising investors’ short selling that hit the large-caps.

Read more...
VN stocks up on investor confidence

VN stocks up on investor confidence

Vietnamese shares advanced on Monday as large-cap firms were boosted by positive investor confidence that was looking for opportunities in the earnings season.

Read more...
Foreign ownership limit drives investors from Vietnamese banks

Foreign ownership limit drives investors from Vietnamese banks

Over the past three years, numerous foreign investors made noteworthy divestments at Vietnam-based commercial banks due to the inconsiderable ownership. 

Read more...
VN stocks advance further

VN stocks advance further

Vietnamese shares ended Monday morning on a positive note, driven by the financial-banking, energy and real estate sectors.

Read more...
IFC plans to ramp up banking loans

IFC plans to ramp up banking loans

The financial sector is ranked first in priority of investment in Vietnam for the World Bank Group’s private investment arm IFC in 2018, according to Kyle Kelhofer, IFC country manager for Vietnam, Cambodia, and Laos.

Read more...
Arrest warrant on former head of Dong A Bank

Arrest warrant on former head of Dong A Bank

Nguyen Huynh Dang, former head of the business division at the headquarters of Dong A Bank (DAB), is wanted for “intentionally violating state regulations on economic management and causing serious consequences” (Article 165 of the Criminal Code).

Read more...
Việt Nam stocks expected to correct this week

Việt Nam stocks expected to correct this week

Viet Nam’s benchmark VN Index has extended its growth for a fourth straight week, though recent market trading conditions suggest the benchmark index could struggle with rising selling pressures this week.

Read more...
PV Oil stakes entice eight foreign investors

PV Oil stakes entice eight foreign investors

Eight investors have registered to become strategic shareholders of the Vietnam Oil Corporation (PV Oil) as of January 10, PV Oil CEO Cao Hoai Duong confirmed on the sidelines of the corporation’s roadshow.

Read more...
Vinasugar II to auction 93% stake next month

Vinasugar II to auction 93% stake next month

Viet Nam Sugarcane and Sugar Corporation II (Vinasugar II) will auction 63.59 million shares to the public on February 13, according to the HCM Stock Exchange (HoSE).

Read more...
Bad debt ratio at 2.3% by end 2017

Bad debt ratio at 2.3% by end 2017

Non-performing loans (NPLs) of credit institutions were controlled effectively in 2017, helping the NPL ratio of the entire banking system reduce to 2.3 per cent from 2.46 per cent in late 2016.

Read more...
VN Index shows signs of correction on investors’ selling

VN Index shows signs of correction on investors’ selling

Viet Nam’s benchmark VN Index gained slightly on Friday morning, as selling increased after the index passed the 1,055 point level.

Read more...
Shinhan Bank CEO forecasts rise of retail banking

Shinhan Bank CEO forecasts rise of retail banking

Shinhan Bank Vietnam (Shinhan Bank) - one of the leading banks of South Korea, has officially took over the retail banking segment of the Australia and New Zealand Banking Group in Vietnam (ANZ Vietnam) to expand its payment services by utilising ANZ’s resources. Shin Dong Min, CEO of Shinhan Bank, addressed the acquisition of ANZ, the possible impacts of the transfer on ANZ’s existing customers, and personal opinion on the Vietnamese banking industry in 2017 and the time to come.

Read more...
Tax authorities puzzled over Airbnb tax obligations

Tax authorities puzzled over Airbnb tax obligations

Despite Airbnb being present in Vietnam since 2015 and operating with profit, it is difficulty for tax authorities to tax the company as it does not yet have a business registration licence or a representative office and legal representation in Vietnam.

Read more...
Mobifone to offload stakes in two banks

Mobifone to offload stakes in two banks

State-owned mobile network operator Mobifone will offload its holding of 38.95 million shares in two joint stock commercial banks next month.

Read more...
VN-Index gains may not last

VN-Index gains may not last

The VN-Index made gains for the fourth straight day on strong capital inflow, but analysts warn of a possible profit-taking correction today.

Read more...
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Money | Banking | Investments | Shares | Stock investing

Go to. Money

VAMC targets VND140 trillion bad debts this year

VAMC targets VND140 trillion bad debts this year

By the end of 2018, the Viet Nam Asset Management Company (VAMC) must handle at least VND140 trillion (US$6.15 billion) worth of bad debts it had purchased.

VN stocks decline on profit taking

VN stocks decline on profit taking

Vietnamese shares fell on Tuesday morning due to rising investors’ short selling that hit the large-caps.

Read more...
VN stocks up on investor confidence

VN stocks up on investor confidence

Vietnamese shares advanced on Monday as large-cap firms were boosted by positive investor confidence that was looking for opportunities in the earnings season.

Read more...
Foreign ownership limit drives investors from Vietnamese banks

Foreign ownership limit drives investors from Vietnamese banks

Over the past three years, numerous foreign investors made noteworthy divestments at Vietnam-based commercial banks due to the inconsiderable ownership. 

Read more...
VN stocks advance further

VN stocks advance further

Vietnamese shares ended Monday morning on a positive note, driven by the financial-banking, energy and real estate sectors.

Read more...
IFC plans to ramp up banking loans

IFC plans to ramp up banking loans

The financial sector is ranked first in priority of investment in Vietnam for the World Bank Group’s private investment arm IFC in 2018, according to Kyle Kelhofer, IFC country manager for Vietnam, Cambodia, and Laos.

Read more...
Arrest warrant on former head of Dong A Bank

Arrest warrant on former head of Dong A Bank

Nguyen Huynh Dang, former head of the business division at the headquarters of Dong A Bank (DAB), is wanted for “intentionally violating state regulations on economic management and causing serious consequences” (Article 165 of the Criminal Code).

Read more...
Việt Nam stocks expected to correct this week

Việt Nam stocks expected to correct this week

Viet Nam’s benchmark VN Index has extended its growth for a fourth straight week, though recent market trading conditions suggest the benchmark index could struggle with rising selling pressures this week.

Read more...
PV Oil stakes entice eight foreign investors

PV Oil stakes entice eight foreign investors

Eight investors have registered to become strategic shareholders of the Vietnam Oil Corporation (PV Oil) as of January 10, PV Oil CEO Cao Hoai Duong confirmed on the sidelines of the corporation’s roadshow.

Read more...
Vinasugar II to auction 93% stake next month

Vinasugar II to auction 93% stake next month

Viet Nam Sugarcane and Sugar Corporation II (Vinasugar II) will auction 63.59 million shares to the public on February 13, according to the HCM Stock Exchange (HoSE).

Read more...
Bad debt ratio at 2.3% by end 2017

Bad debt ratio at 2.3% by end 2017

Non-performing loans (NPLs) of credit institutions were controlled effectively in 2017, helping the NPL ratio of the entire banking system reduce to 2.3 per cent from 2.46 per cent in late 2016.

Read more...
VN Index shows signs of correction on investors’ selling

VN Index shows signs of correction on investors’ selling

Viet Nam’s benchmark VN Index gained slightly on Friday morning, as selling increased after the index passed the 1,055 point level.

Read more...
Shinhan Bank CEO forecasts rise of retail banking

Shinhan Bank CEO forecasts rise of retail banking

Shinhan Bank Vietnam (Shinhan Bank) - one of the leading banks of South Korea, has officially took over the retail banking segment of the Australia and New Zealand Banking Group in Vietnam (ANZ Vietnam) to expand its payment services by utilising ANZ’s resources. Shin Dong Min, CEO of Shinhan Bank, addressed the acquisition of ANZ, the possible impacts of the transfer on ANZ’s existing customers, and personal opinion on the Vietnamese banking industry in 2017 and the time to come.

Read more...
Tax authorities puzzled over Airbnb tax obligations

Tax authorities puzzled over Airbnb tax obligations

Despite Airbnb being present in Vietnam since 2015 and operating with profit, it is difficulty for tax authorities to tax the company as it does not yet have a business registration licence or a representative office and legal representation in Vietnam.

Read more...
Mobifone to offload stakes in two banks

Mobifone to offload stakes in two banks

State-owned mobile network operator Mobifone will offload its holding of 38.95 million shares in two joint stock commercial banks next month.

Read more...
VN-Index gains may not last

VN-Index gains may not last

The VN-Index made gains for the fourth straight day on strong capital inflow, but analysts warn of a possible profit-taking correction today.

Read more...
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