Vietnam

TienPhongBank has approved the 2011 business plan with expected pre-tax profit of 460 billion dong, increasing by 117 percent against the previous year.

DaiABank a total profit of 80.8 billion dong, equalling to 63 percent of the whole year profit in 2010.

Asia Commercial Joint Stock Bank or ACB reported gaining a total pre-tax profit of 900 billion dong in the first quarter.

Hong Leong Bank yesterday opened the Ha Noi branch and introduced the priority banking service in this branch. It is the second branch in Vietnam for the Malaysia-based bank.

Southern Bank is targetting a pretax profit of $28.7 million this year, up 12.68% from a year earlier.

HSBC Bank Vietnam new Integrated Receivables Solution to their customers, making them the first in Asia Pacific to be so offered.

Standard Chartered Bank Vietnam reported total revenues of  $40.5 million and pretax profit of $4.2 million for 2010.

VPBank approved a resolution to raise its chartered capital by VND1.05 trillion to VND5.05 trillion in 2011 financed from capital surplus and dividend fund.

ANZ Bank Vietnam has been allowed to launch factoring services, according to State Bank of Vietnam governor, Nguyen Van Giau.

The 14th Banking Viet Nam Conference and Exhibition will discuss measures to maximise information technology, diversify banking products and develop non-cash payment outlets.

Sacombank has deployed FIS' IST/Switch payment processing solution, enabling the bank to expand its ATM network by more than 15%.

BPC Banking Technologies completed the first phase of a project to implement its SmartVista e-payment solution in ABBANK.

BIDV and Smartlink Card Services will provide online payment services for Vietnam Airline tickets to customers using ATM post-paid cards.

SCB is targeting an after-tax profit of US$23.39 million in 2011, up 75.5% from US$13.3 million last year. This was recently approved by its general shareholders.

Maritime Bank will prioritize lending to corporate clients, especially SMEs.

Mega Bank’s Ho Chi Minh branch has been allowed by the State Bank of Vietnam to raise its charter capital to $90million from $15million.