Vietbank will put 419 million shares up for trading on the Unlisted Public Company Market at the end of July with a starting price of VNĐ15,000 (US$0.65) per share. — Photo laodong.vn HÀ NỘI — Việt Nam Thương Tín Joint Stock Commercial Bank (Vietbank) will debut on the Unlisted Public Company Market (UPCoM) with more than 419 million shares on July 30. The bank’s trading code is VBB, according to UPCoM’s regulatory agency the Hà Nội Stock Exchange. The shares will start trading at a price of VNĐ15,000 (US$0.65) per share, valuing the business at VNĐ6.28 trillion ($270 million). On the day of their debut, the shares will be able to be traded within a band of 40 per cent on either side of the starting price. This means Vietbank's shares could fall as low as VNĐ9,000 or rise as high as VNĐ21,000 per share in the first day of trading. Vietbank will become the 18th bank to … [Read more...] about Vietbank to make UPCoM debut on July 30
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Vietbank opens transaction office in HCM City
Vietbank inaugurates a transaction office on Do Xuan Hop Street in HCM City’s District 9. — Photo Courtesy of Vietbank Viet Nam Thuong Tin Commercial Joint Stock Bank (Vietbank) has opened a new transaction office on Do Xuan Hop Street in HCM City’s outlying District 9. In a press release, the lender said 2018 was an extremely difficult year for banks in terms of expanding their network because the State Bank of Viet Nam had been focused on ensuring banks operated safely and efficiently rather than expanded. But thanks to its good performance, it said it was licensed to open 18 new branches and transaction offices. The bank expects to open all 18 by June 30. To mark the branch opening, the bank is offering depositors the chance to win a Mazda CX-5 and other prizes in a lucky draw, besides many gifts to customers. — VNS … [Read more...] about Vietbank opens transaction office in HCM City
VietBank to raise charter capital before listing on UPCoM
VietBank will issue shares for its existing shareholders and employees to raise its capital to US$181 million. — Photo VietBankViet Nam News HÀ NỘI — Việt Nam Thương Tín Commercial Joint Stock Bank (VietBank) targets to list its shares on the Unlisted Public Company Market (UPCoM) within a year of increasing charter capital to more than VNĐ4.25 trillion (US$181 million) in 2018. According to a resolution released recently, VietBank will issue shares for its existing shareholders and employees to raise its capital by more than VNĐ1 trillion. Nearly 91 million shares for existing shareholders and more than 9.7 million ESOP (employee stock ownership plan) shares will be offered at the price of VNĐ10,000 a piece, based on the bank’s book value of VNĐ10,247 per share by December 31, 2017. Existing shareholders and the bank’s employees will be allowed to buy the shares at the ratio of 100:28. … [Read more...] about VietBank to raise charter capital before listing on UPCoM
VNPT-Media, VietBank jointly provide digital financial services
VNPT-Media, VietBank jointly provide digital financial services By Van Ly HANOI - VNPT Media Corporation (VNPT-Media), an arm of the state-owned Vietnam Posts and Telecommunications Group (VNPT), and Vietnam Thuong Tin Commercial Joint Stock Bank (Vietbank) signed a cooperation agreement on August 28 to provide digital finance and online payment services. The two sides will offer these services on smartphones due to the high potential of the Vietnamese market. The country has a population of nearly 100 million, with 60% of adults holding bank accounts. Meanwhile, most of the banks are located in urban areas, creating opportunities for VNPT-Media and Vietbank to offer digital financial services on the smartphone platform. The partnership will help Vietbank introduce its banking services to more customers. In addition, its clients can easily make payments for VNPT-Media services, such as telecommunications, educational network VnEdu, healthcare management software VNPT-His and the … [Read more...] about VNPT-Media, VietBank jointly provide digital financial services
Vietbank and VNPT-Media co-operate in digital financial services
Representatives of VNPT-Media and Vietbank sign the co-operation agreement. — VNS PhotoViet Nam News HÀ NỘI — VNPT Media Corporation (VNPT-Media) and the Việt Nam Thương Tín Commercial Joint Stock Bank (Vietbank) signed a co-operation agreement on digital financial services in Hà Nội on Tuesday. Accordingly, in the first stage, VNPT-Media and Vietbank will provide collection services, payment gateway connection services and e-wallet services. In the future, VNPT-Media and Vietbank will expand services to include credit scoring, loans and searches for potential customers. The co-operation between VNPT-Media and Vietbank will help customers easily access and pay for existing VNPT services such as telecommunication fees, tuition fees at Vnedu, hospital fees at VNPT-HIS and public administration services at VNPT iGate. Speaking at the ceremony, Huỳnh Quang Liêm, deputy general director of Việt Nam Posts and … [Read more...] about Vietbank and VNPT-Media co-operate in digital financial services