Topic: Vietcombank

The move increasing the charter capital of Vietcombank to VND83.557 trillion ($3.28 billion), the highest in the banking system.

The bonds, worth VND2 trillion ($78.4 million), will finance projects in such fields as renewable energy, sustainable transport, water management, green buildings, and energy efficiency.

Vietcombank and PetroVietnam Power (PV Power) sign credit agreement for two LNG-to-power plants in Vietnam’s south.

Cautious and flexible monetary policies are now needed.

The Vietnam Trade Promotion Agency (VIETRADE) at the Ministry of Industry and Trade (MoIT) held the 8th Vietnam National Brand Product Announcement Ceremony on November 2, with the participation of Prime Minister Pham Minh Chinh. Vietcombank was among 172 enterprises to receive a Vietnam National Brand Award, for the eighth time in succession

Deputy General Director of the General Department of Taxation Phi Van Tuan has signed and promulgated Official Letter No. 3786/TCT-KK publicizing the V1000 list of enterprises paying the largest corporate income taxes in 2021. Viettel and Vietcombank continued to maintain their top positions, which they have occupied for many years. The banking sector dominated, with five enterprises in the top 10.

SSI Research has published a report on the estimated business results of 26 companies in the third quarter of this year. Twenty-four are forecast to post profit growth while two are forecast to see a fall in profits. Banking profits are believed to have grown strongly in the third quarter despite interest rate hikes putting pressure on the net interest margin (NIM). The leading banks in terms of profit were Vietcombank, BIDV, ACB, and VPBank.