The Hanoitimes - M&A deals in Vietnam’s finance and banking sector will rise significantly this year, given by an improved business performance of local banks and a government regulation to require banks to meet stricter capital regulations as part of Basel II Accord standards by 2020. Vietnam banks advised to raise risk resilience in digital age Vietnamese banks required to go public by 2020 Capital raising considered key focus for Vietnamese banks in 2019: Moody’s Japan’s MUFG Bank to further invest in Vietnam’s VietinBank Experts anticipated the Vietnamese finance and banking sector will experience a sharp increase in merger and acquisition (M&A) deals in 2019 as positive signals for the surge have been seen right in the first months of the year. Japan’s Mitsubishi UFJ Financial Group wants to invest in VietinBank Early this year, on January 9, Bank for Foreign Trade of Vietnam (Vietcombank) started off with an … [Read more...] about M&A in Vietnam’s banking sector forecast to see big changes in 2019
Vietnam bank for agriculture and rural development
FDI attraction needs to centre on agriculture and rural restructuring
FDI in the agricultural sector (encompassing agriculture, forestry, and fisheries), and rural development is an important capital channel, helping the sector to expand its export markets and engage deeper into the global agricultural produce value chain, boosting the productivity, quality, efficiency, and competitiveness of local agricultural producers. Achievements in attracting FDI into the agricultural sector, however, are still limited, failing to fully bring into play the sector’s enormous potential. In the forthcoming time, it is important to consistently implement wide-ranging measures to attract foreign investment, transforming the economic structure of agricultural and rural areas towards modernisation, developing large-scale and concentrated commodity-based agricultural production to meet international integration requirements, particularly regarding the sub-sectors with high comparative advantages. 1. Achievements in attracting FDI in agriculture and rural development … [Read more...] about FDI attraction needs to centre on agriculture and rural restructuring
Vietnam Business Club debuts in Cambodia
Since the first day of its establishment, the club has drawn more than 100 Vietnamese businesses, including large, medium and small-sized enterprises, operating in different fields of investment, trade and services in Cambodia. Nguyen Thanh Dung, director of the Cambodian branch of the Vietnam Bank for Agriculture and Rural Development (Agribank) and president of VBCC, said the club targets its operations towards fully mobilizing financial sources and promoting its members’ strengths. It serves as a platform for its members to share experience, enhance connectivity among members and with the Vietnamese embassy, and provide mutual support during their process of running business operations. Ambassador Vu Quang Minh highlighted the contributions of the Vietnamese business community in Cambodia to the national construction process and the prosperous development of Cambodia while tightening the traditional ties of solidarity and cooperation between the two nations. The … [Read more...] about Vietnam Business Club debuts in Cambodia
Vietnam Business Club launches in Cambodia
Since the first day of its establishment, the club has drawn more than 100 Vietnamese businesses, including large, medium and small-sized enterprises, operating in different fields of investment, trade and services in Cambodia. Nguyen Thanh Dung, director of the Cambodian branch of the Vietnam Bank for Agriculture and Rural Development (Agribank) and president of VBCC, said the club targets its operations towards fully mobilizing financial sources and promoting its members’ strengths. It serves as a platform for its members to share experience, enhance connectivity among members and with the Vietnamese embassy, and provide mutual support during their process of running business operations. Ambassador Vu Quang Minh highlighted the contributions of the Vietnamese business community in Cambodia to the national construction process and the prosperous development of Cambodia while tightening the traditional ties of solidarity and cooperation between the two nations. The … [Read more...] about Vietnam Business Club launches in Cambodia
Vietnam’s Agribank plans IPO in 2020: Chairman
The Hanoitimes - By the end of 2018, state-run Vietnam Bank for Agriculture and Rural Development, known as Agribank, will complete the corporate valuation process, said the bank`s chair. Agribank is expected to have its equitization plan approved by the State Bank of Vietnam (SBV) in early October, however, the bank will only launch its initial public offering (IPO) in 2020 at the earliest due to numerous challenges, said Trinh Ngoc Khanh, Agribank's board chairman. Illustrative photo. By the end of 2018, Agribank will complete the corporate valuation process, Khanh said at a meeting on August 28. Khanh also added that capital shortage is one of the bank's urgent problems. Agribank's current charter capital is over VND30 trillion (US$1.29 billion), which is the lowest among the country's top four state-run banks, including Bank for Investment and Development of Vietnam (BIDV), Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) and … [Read more...] about Vietnam’s Agribank plans IPO in 2020: Chairman