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Tag Archives: Vietcombank

‘The big five’ in Vietnam’s banking system

The big five are state -owned banks Agribank, BIDV, VietinBank and Vietcombank, and Saigon Commercial Bank (SCB), a joint stock bank with the fifth largest total assets in the system. By the end of the second quarter of 2018, the Bank for Investment and Development of Vietnam (BIDV) had total …

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Banks look for ways to raise capital

The state-owned Vietcombank has received approval from the State Bank of Vietnam’s to raise capital, while BIDV is stepping up implementation of a plan to issue shares to specific shareholders. Vietcombank will raise its charter capital from VND36 trillion to VND39.5 trillion, or 10 percent. Meanwhile, BIDV plans a bigger …

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Vietcombank files for private issue of 360 million shares

Vietnam’s State Securities Commission has received an application from Vietcombank for a private placement of shares worth over $156.5 million. The commission (SSC) said the country’s third largest bank by assets proposes to make a private issue of 360 million shares, equivalent to 10 percent of its charter capital. The …

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Vietcombank to cut stake in Eximbank

The Joint Stock Commercial Bank for Foreign Trade of Viet Nam (Vietcombank) has offered to sell 45.6 million shares it is holding in the Viet Nam Export-Import Joint Stock Commercial Bank (Eximbank).

The Joint Stock Commercial Bank for Foreign Trade of Viet Nam (Vietcombank) has offered to sell 45.6 million shares it is holding in the Viet Nam Export-Import Joint Stock Commercial Bank (Eximbank). Vietcombank plans to sell the shares at nearly VND14,500 (US$0.64) per share and expects it would receive at …

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