Banks keen to maintain upward route – Talk Vietnam talkvietnam.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from talkvietnam.com Daily Mail and Mail on Sunday newspapers.
To honour the achievements of the students who won British University Vietnam (BUV) scholarships in 2023, the BUV has held its 2023 Scholarship Award Ceremony.
The prospect for bank mergers and acquisitions in Vietnam is accelerating, notably the purchase of struggling credit institutions for the sake of reorganisation.
Banks scaling up charter capital goals 11:57 | 23/02/2021
International and domestic financial institutions have strengthened their charter capital to boost financial capacity and ramp up business activities in Vietnam.
Domestic and foreign lenders have been ramping up their charter capital to compete in the country. Photo: Le Toan
The Vietnamese banking system was supplemented with more than VND33 trillion ($1.43 billion) of charter capital in 2020. By the end of last year, 18 Vietnamese banks recorded charter capital of over VND10 trillion ($434.8 million).
Earlier this month, digitally-led local lender TPBank was approved by the State Bank of Vietnam to increase its charter capital to more than VND10.71 trillion ($466 million), and is now eligible to open four more branches and two transaction offices nationwide in 2021.