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Vietinbank appoints new deputy general director
Business

Vietinbank appoints new deputy general director

Vietnamnet - Viet Nam Joint Stock Commercial Bank for Industry and Trade’s (VietinBank) board of directors has appointed Hiroshi Yamaguchi as the new deputy general director of the bank from May 15.

Vietinbank becomes settlement unit in derivatives market
Business

Vietinbank becomes settlement unit in derivatives market

Vietnamnet - The Viet Nam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) has been made the exclusive financial institution to carry out settlements for derivatives trading

Vietinbank delays its MA with PGBank
Business

Vietinbank delays its MA with PGBank

Vietnamnet - Vietinbank has not completed acquiring PGBank as the two sides have not finished all required procedures and got approval from the authorities.

Vietinbank lends over $430 million for Hoa Phat's steel project
Business

Vietinbank lends over $430 million for Hoa Phat's steel project

Vietnamnet - Vietinbank and steelmaker Hoa Phat Group (HPG) have inked a credit agreement to finance the Hoa Phat Dung Quat iron and steel production complex, the company has announced.

VietinBank to strengthen operational risk management
Business

VietinBank to strengthen operational risk management

VietNamNet Bridge – In mid-November, VietinBank hosted a conference entitled “Operational risk management: An update on current trends and recommended application in commercial banks of Vietnam” in

Jetstar secures $117 mln credit deal with VietinBank to buy Airbus planes
Business

Jetstar secures $117 mln credit deal with VietinBank to buy Airbus planes

The purchase was finalised last month during a visit to Vietnam by French President Francois Hollande

VietinBank offers US$1.47 billion credits for HCMC businesses
Business

VietinBank offers US$1.47 billion credits for HCMC businesses

NDO/VNA—VietinBank signed credit contracts worth VND32.8 trillion (US$1.47 billion) with 104 enterprises at a bank–enterprise connection conference held in Ho Chi Minh City on October 10.

Vietinbank tops Vietnam’s banking profits in the first six months
Business

Vietinbank tops Vietnam’s banking profits in the first six months

Vietinbank recorded a profit jump of more than 10 percent in the first half of the year.

BIDV, VietinBank told to pay cash dividends
Business

BIDV, VietinBank told to pay cash dividends

The Ministry of Finance wants Bank for Investment and Development of Vietnam (BIDV) and Vietnam Bank for Industry and Trade (VietinBank) to pay 2015 dividends in cash.

Top lender VietinBank set to reduce stake in Saigonbank
Business

Top lender VietinBank set to reduce stake in Saigonbank

An auction will be organized by the end of next month, expected to raise at least $8 millionVietnam banks seek to exceed foreign ownership cap: reportVietinbank to complete merger with smaller PGBank

PG Bank, Vietinbank to merge in Q2: Petrolimex
Business

PG Bank, Vietinbank to merge in Q2: Petrolimex


State-controlled Petrolimex plans to complete the merger between its Petrolimex Group Commercial Joint Stock Bank (PG Bank) and Vietnam Bank for Industry and Trade (Vietinbank) in the second

Vietinbank to complete merger with smaller PGBank this year
Business

Vietinbank to complete merger with smaller PGBank this year

The central bank plans to reduce the number of banks to 20-25 in the next two yearsVietnam seeks new tools to beat bad-debt woesVietnam approves Sacombank, Southernbank merger Vietnam caught up in