Vietnam

VietinBank's planned $500 million international bond sale has been approved by Vietnam's central bank.

Orient Commercial Bank's  net profit fell 8% on-year to VND197.5 billion or $9.4 million in the first nine months of the year.

The Governor of the State Bank of Vietnam approved VietinBank’s application to raise its charter capital from current VND16.858 to VND20.23 trillion or US$1 billion.

Maritime Bank-MSB has submitted an application  to the State Securities Commission of Vietnam to be given the authority to to issue 100 million bonus shares at the 7-for-1-ratio.

ACB raised its gold deposit interest rate to 2.5% per annum through their “gold day with ACB” program.

A domestic bank in Vietnam is willing to buy back the debt of Vietnam Shipbuilding Industry Group at 35 percent of its face value, or $210 million, compared with the original $600 million.

The State bank of Vietnam assigned a credit growth cap of 10% for the HDBank in 2012 as the lender violated regulation on interest cap.

TienPhongBank posted a net profit of VND79.07 billion or $3.77 million in the third quarter of this year, rising 50% from a year earlier.

VIB became one of the first commercial joint stock banks to offer packaged banking products and services for the Financial Supervisory Service enterprises in Viet Nam.

The Saigon-Hanoi Bank has been allowed by the State bank of Vietnam to open a branch in Laos.

The Bank for Investment and Development of Vietnam  opened three additional branches in Ho Chi Minh City.

The State Bank of Vietnam, under the order of Vietnam Prime Minister, promptly directed related units to develop plans to restructureAgribank.

More benefits have been added to  Asia Commercial Bank’s VIP customers and Visa Platinum cardholders.

Vietcombank attributed its high bad debt ratio to its international auditing standards in evaluating bad debts.

TinNghiaBank increased its interest ratesfor gold certificates to 3.1%,  and up 0.4% from the bank’s previous level.

an Commercial Bank is eyeing corporate customers in maritime, shipbuilding, petroleum and precision engineering in the Province of Khanh Hoa with its new Nha Trang City branch.