Loan deal worth $1.1 bln signed for Quang Trach II LNG Plant
The loan is provided by a consortium of four state-owned commercial banks of Vietcombank, VietinBank, BIDV, and Agribank, with Vietcombank serving as the lead bank.
Credit capital to be provided for Ho Chi Minh City - Long Thanh expressway expansion project
Under a credit contract, a credit facility of VND6.75 trillion ($256 million) will be provided for the project.
Partnering to help small businesses go cashless in Vietnam
Visa, together with three Vietnamese commercial banks including Sacombank, Vietcombank and VPBank introduces smartphone-based contactless payments…
Parliament agrees to pump $813 mln into State-owned Vietcombank
The move increasing the charter capital of Vietcombank to VND83.557 trillion ($3.28 billion), the highest in the banking system.
Vietcombank issues green bonds to support eco-friendly projects
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 provides $166mln credit for PV Power projects
Vietcombank and PetroVietnam Power (PV Power) sign credit agreement for two LNG-to-power plants in Vietnam’s south.
PM asks banking sector to focus on tasks amid unpredictable global situation
Cautious and flexible monetary policies are now needed.
Vietcombank wins National Brand Award for 8th time in succession
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
Viettel & Vietcombank still the biggest taxpayers
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.
Q3 banking profits up strongly
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.