Vietnam Joint Stock Commercial Bank for Foreign Trade (Vietcombank – HOSE: VCB) has recently announced its third-quarter and nine-month financial reports in 2011. Accordingly, VCB’s net income reached 3.603 trillion dong, higher than the 1.775 trillion in the same period in 2010; bringing the Jan-Sept. income to 8.977 trillion dong. Net profit in the third [...]
Oct 28 2011 | Posted in
Banking-Finance |
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Yasuhiro Sato, chief executive officer of Mizuho Financial Group Inc. (8411), said Japanese companies are interested in developing operations and finding partners in Vietnam to diversify away from China. Sato spoke to reporters in Hanoi today after his bank said it would buy a 15 percent stake in Joint-Stock Commercial Bank for Foreign Trade of [...]
Oct 3 2011 | Posted in
Banking-Finance |
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Mizuho Corporate Bank (MHCB), an affiliate of Japan’s Mizuho Financial Group, will buy a 15-percent stake in the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank). Under a contract signed in Hanoi on Sept. 30, the transaction, worth US$567.3 million, will be realised in the first quarter of 2012 following approval by relevant [...]
Oct 1 2011 | Posted in
Banking-Finance |
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Standard & Poor’s Ratings Services said on Sept. 30 that its ratings on Bank for Foreign Trade of Vietnam (Vietcombank; BB-/Negative/B) were unchanged following the bank’s capital and business alliance with Mizuho Corporate Bank Ltd. (MCB; A+/Stable/A-1) “We believe that, while the capital infusion will provide immediate capital strengthening, the bank will continue to require [...]
Oct 1 2011 | Posted in
Banking-Finance |
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As per the contract signed today Friday September 30 with the Japan-based Mizuho Financial Group, Vietnam Commercial Joint Stock Bank for Foreign Trade (Vietcombank- VCB) will officially sell 15 percent stake or 347.6 million shares to Mizuho. The contract value reached $567.3 million. According to the contractual agreement, Mizuho registered to buy common shares of [...]
Sep 30 2011 | Posted in
Banking-Finance |
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Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses and prices are as of the 11 a.m. local-time close. The VN Index, the benchmark measure of the Ho Chi Minh City Stock Exchange, lost 0.8 percent to 433.97, the lowest level in this month. Joint-Stock Commercial Bank for [...]
Sep 29 2011 | Posted in
Markets,
Stock |
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Vietcombank, Vietnam’s second-largest partly private bank by assets, has reached an agreement to sell a 15 percent stake to Japan’s Mizuho Corporate Bank, a unit of Mizuho Financial Group, the chairman of the Vietnamese lender said on Tuesday. “The State Bank (of Vietnam) has agreed for us to sell our stake to Mizuho,” Chairman Nguyen [...]
Sep 27 2011 | Posted in
Banking-Finance |
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Vietnam Commercial Joint Stock Bank for Foreign Trade (Vietcombank-VCB) has recently announced that as from September 15, it will lower the lending interest rate in dong for exporters of seafood products and processors and exporters of wooden products. Accordingly, the preferential lending interest rate of 17-19% per year will be offered to customers in sectors [...]
Sep 16 2011 | Posted in
Banking-Finance |
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Starting from September 5, 2011, Vietnam Commercial Joint Stock Bank for Foreign Trade (Vietcombank) has cooperated with VNDirect Securities Joint Stock Co for expanding the payment services via VCB-iB@nking channel that allows customers to deposit money in the bank accounts and trade stocks in their depository accounts at VNDirect at the same time. With the [...]
Sep 8 2011 | Posted in
Banking-Finance |
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Vietnam Commercial Joint Stock Bank for Foreign Trade (Vietcombank-VCB) on August 24 received the fifth newly changed business license from the State Bank of Vietnam (SBV) with new chartered capital of 19.698 trillion dong. The bank’s chartered capital increase has been conducted via issuing more shares to pay 2010 dividend to the existing shareholders at [...]
Sep 1 2011 | Posted in
Banking-Finance |
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