Vietnam International Bank (VIB) received shareholders approval to distribute 44.6 per cent dividend payment rate in 2016, including 5 per cent in cash and 39.6 per cent in bonus shares.
Following Shinhan Vietnam’s successful acquisition of ANZ Vietnam’s retail business, fellow Korean banks have also expanded their s and market share in Vietnam, seizing the lead in the foreign bank race on the Vietnamese market.
Vietcombank lent Viet Nam’s leading egg supplier Ba Huan Company Ltd VND60 billion (US$2.6 million) to build a high-tech egg processing plant in Ha Noi.
Most banks of small and medium are mulling over scaling up capital sources to boost their financial strength.
Vietcombank and Indovina Bank have signed an agreement with Van Phu Bac Ai JSC to provide VND1.46 trillion (US$64.32 million) to finance construction of a section of HCM City’s Ring Road No 2.
The National Bank of Cambodia (NBC) has signed an agreement with a Japanese firm to develop a blockchain-based payment system that could potentially allow for the regulated usage of a cryptocurrency, which would eliminate the use of formal financial institutions to send and receive money.
Laos is seeking more effective ways to promote access to finances for businesses in the agricultural sector as the sector has been recognised as an important element in the country’s economic growth.
Revenue collection should improve this year since the government imposed a number of measures to boost national income, a senior financial official has confirmed.
The HCM City Development Joint Stock Commercial Bank (HDBank) will increase its charter capital to almost VND8.83 trillion (US$389 million) from the curent VND8.1 trillion by issuing 56.7 million shares, vietnamplus.vn reports.