The Vietnamese Government will create the most favourable conditions for firms from the Republic of Korea (RoK) to operate successfully in Vietnam, Prime Minister Nguyen Xuan Phuc said on November 11.

The slow growth comes mainly from state-owned banks, which have become more stringent on their loan disbursements.

Insurer Bao Viet Holdings (BVH) and the Bank for Investment and Development of Viet Nam (BIDV) have approved plans of paying cash dividends worth combined US$236 million in the next two months.

After the issuance, the bank's charter capital has increased by VND6 trillion from VNĐ34.2 trillion to more than VND40.2 trillion.

The Asian Banker continues to honour the 500 strongest banks in the Asia-Pacific in 2019 with some familiar names from Vietnam.

Local banks posted notable results in the first half but a good second half is not a given.

Following a muted 2018 and first half of 2019, experts are pining for a new surge in state divestments and equitisations, buoyed by new regulatory frameworks.

Growing bad debts reaching hundreds of millions of US dollars keep pressuring BIDV, Vietcombank, and VietinBank.

The US Federal Reserve’s latest rate cut will benefit commodity and equity markets in the short term, according to specialist Nguyen Tri Hieu.

Despite good business results, 11 out of 17 listed commercial banks saw share prices decrease in the first half of the year.

The Bank for Investment and Development of Vietnam (BIDV) will float more than 603 million new shares, or 15 percent of its stake to the Republic of Korea’s KEB Hana Bank.

Former Chairman of the Bank for Investment and Development of Vietnam (BIDV) Tran Bac Ha died on Thursday at the age of 63 after a long illness.

The banking sector reported a credit growth of 7.33 percent in the first half of this year compared to the end of 2018, Governor of the State Bank of Vietnam (SBV) Le Minh Hung said.

Tens of trillions of VND is expected to be poured into Vietnamese banks by foreign investors in 2019 and 2020 as negotiations on many deals are running smoothly.

The State Bank of Vietnam (SBV) obtained a large amount of foreign currencies in the first half of 2019, pushing foreign exchange reserves recorded in the period to the highest level to date.

Four Vietnamese firms have been named in this year’s Global 2000 list by Forbes, an annual ranking of the world’s biggest and most powerful public companies.

The handling of bad debt among credit institutions would be audited this year in order to formulate recommendations for effectively implementing a National Assembly resolution, according to the State Audit Office of Viet Nam (SAV).

VietNamNet Bridge - Thirsty for long-term capital, many commercial banks are issuing bonds with attractive interest rates. 

VietNamNet Bridge - The stock market is still seeing foreign investors pour money into bank shares, analysts say.

VietNamNet Bridge - The prosperity of the stock market in 2017 and the first months of 2018 has helped banks increase accumulated capital.