Vpbank

The capital's annual international sports event will be held in October. It's designed to improve the health of local residents while promoting Hanoi's tourism. About 10,000 domestic and international runners will join VPBank Hanoi International Marathon 2023 (VPIM 2023) on October 8 to celebrate the anniversary of Hanoi's Liberation Day (October 10, 1954-2023. The VPIM 2022 attracted thousands of runners. Photo courtesy of the event organisers The runners are professional athletes, professional and semi-professional athletes, diplomatic staff, international organization staff, foreign expatriates and tourists. With the theme "Hanoi Vibes", VPIM 2023 will feature four races of 42km, 21km, 10km, 5km, all starting from the pedestrian street of Hoan Kiem Lake. Runners will run through the ancient streets of the Old Quarter to famous tourist attractions and iconic modern buildings of Hanoi City. In particular, the course of VPIM 2023 will be standardized … [Read more...] about Hanoi International Marathon draws 10,000 runners

The Hanoi VPBank International Marathon 2023 is set to draw about 10,000 runners. (Photo: VNA) Hanoi (VNA) – The Hanoi VPBank International Marathon (VPIM) 2023, an official annual sporting event of the capital city, is scheduled to take place on October 8. The non-profit race, an activity to mark the Capital Liberation Day (October 10), is expected to attract about 10,000 professional and amateur runners this time, the organising committee told a press conference on March 16. Sponsoring marathon races in Hanoi for many years, the Vietnam Prosperity Joint Stock Commercial Bank (VPBank) has been licensed by the municipal People’s Committee to organise the international competition in Hanoi from 2023. Dinh Van Luyen, head of the sports management division at the municipal Department of Culture and Sports, said the race is a professional international event giving participants a chance to gain experience and improve their performance, adding that Hanoi hopes to host more … [Read more...] about Hanoi international marathon slated for October 8

An employee talking to a client at a VPBank office in Ha Noi. The bank's shares jumped nearly 1.3 per cent on the last trading day of the week, helping cushion the loss of the market. — VNA/VNS Photo Benchmark indices were mixed on Friday with the VN-Index falling for a second day in a row, but both posted a weekly loss. On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index declined by 2.26 points, or 0.22 per cent, to 1,045.14 points. It lost 14.79 points on Thursday after soaring more than 22 per cent on Wednesday. The breadth of the southern market was neutral, while liquidity improved over the previous session. Nearly VND10.3 trillion (US$436.2 million) was injected into the southern bourse, equivalent to a trading volume of more than 564.9 million shares. The benchmark pared losses as more large-cap stocks performed well. The VN30-Index rose 0.72 points, or 0.07 per cent, to close the week at 1,047.71 points. Sixteen of the 30 biggest stocks in market capitalisation on … [Read more...] about Market ends mixed on lingering risk-off mood

Many banks in Vietnam started cutting deposit interest rates from Thursday, just one day after the State Bank of Vietnam, or the central bank, lowered operating interest. At commercial banks, deposit rates for tenors of one month to below six months are kept at the ceiling rate of six percent per year set by the central bank. The rates for terms of over six months have been revised down sharply compared to those in early March. The deposit rates for a 12-month tenor mainly stand at 8.4-8.8 percent per year, down 10-20 basis points. Some banks have even cut the rates by 50 basis points for the same term. VPBank now quotes its rates at 8.3 percent for online deposits of six months and 8.7 percent for a 12-month tenor, down 50 basis points. VietABank is also applying new deposit interest rates at 8.5-8.8 percent for tenors of six months or longer, felling by 0.5 percentage points. The tenors of 18 months, 24 months, and 36 months are seeing the highest deposit rate at 8.8 … [Read more...] about Vietnam banks rush to slash deposit rates

The index closed 22.04 points lower after losing 2.26 points on Friday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 5.21% to VND9.75 trillion ($413.44 million). The VN-30 basket, comprising the 30 largest capped stocks, saw 28 tickers dropped. TPB of private TPBank led the fall with a 5.3% drop, followed by VCB of state-owned lender Vietcombank, down 4.4%. POW of electricity producer Petrovietnam Power Corporation lost 4.1% and SSI of leading brokerage SSI Securities Corporation closed 3.9% lower. PLX of fuel distributor Petrolimex and VPB of private lender VPBank stayed unchanged. Foreign investors were net sellers to the tune of VND346.24 billion, mainly selling HPG of steelmaker Hoa Phat Group and VIC of private conglomerate Vingroup. The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was down 1.39% while the UPCoM-Index at the Unlisted Public Companies Market was down by 0.54%. … [Read more...] about VN-Index plunges with no blue chip in green

The index closed 9.33 points higher after losing 22.04 points on Monday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 14.66% to VND8.32 trillion ($352.8 million). The VN-30 basket, comprising the 30 largest capped stocks, saw 19 tickers gain. VHM of property giant Vinhomes led with a 6.7% gain, followed by VPB of private lender VPBank, up 3.3%. POW of electricity producer Petrovietnam Power Corporation went up 2.7%f and SSI of leading brokerage SSI Securities Corporation increased by 2.6%. Seven blue chips fell. HDB of HDBank lost 2.2% and PLX of fuel distributor Petrolimex dropped 2%. Foreign investors were net buyers to the tune of VND113.93 billion, mainly buying VHM and HPG. The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 0.74% while the UPCoM-Index at the Unlisted Public Companies Market was down by 0.46%. … [Read more...] about Stocks break 3-session losing chain

The index closed 8.11 points higher after gaining 9.33 points on Tuesday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 3.89% to VND8.65 trillion ($367.77 million). The VN-30 basket, comprising the 30 largest capped stocks, saw 17 tickers gain. VHM of property giant Vinhomes surged 5%, followed by VPB of private lender VPBank with a 3.2% rise. VCB of state-owned lender Vietcombank went up 2.9% and PDR of Phat Dat Real Estate Development gained 2.6%. Nine blue chips closed in the red, led by MWG of electronics retail chain Mobile World with a 1.4% drop. HPG of steelmaker Hoa Phat Group and SSI of leading brokerage SSI Securities Corporation both fell 0.7%. Foreign investors were net buyers to the tune of VND173.44 billion, mainly buying VHM and DCM of Petro Vietnam Ca Mau Fertilizer. The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 0.42% while the UPCoM-Index at the Unlisted Public Companies Market was up by 0.30%. … [Read more...] about VN-Index continues to rise

VPBank last week was rumoured to be close to an agreement to sell 15 per cent of stakes to Sumitomo Mitsui Financial Group, one of Japan’s largest financial companies. The estimated agreement is valued at around $1.4 billion, cited Bloomberg. “The Vietnamese bank will sell more than one billion shares to SMBC Consumer Finance, a unit of the Japanese megabank, for $1.35-1.39 each,” the newswire noted. Banks continue with consolidation game, illustration photo/ Source: Shutterstock VNDirect Securities told VIR that due to a high capital adequacy ratio of 20.5 per cent in 2022, VPBank could receive a higher credit limit from the State Bank of Vietnam this year. In addition, the brokerage predicted that the bank would invest significantly to diversify its products and expand its footprint in other segments, such as VPBank Securities in the securities market or OPES – its new non-life insurance arm. With the 15 per cent stake sale to SMBC, VPBank would consolidate and … [Read more...] about Banks continue with consolidation game

A customer uses VIB’s app. After only six months launching MyVIB 2.0 digital banking application, VIB has doubled the number of customers compared to the previous year. (Photo: thoibaonganhang.vn) Hanoi (VNS/VNA) - The number of new customers of commercial banks has increased dramatically in recent years thanks to their digital applications. After only six months of launching MyVIB 2.0 digital banking application – which uses multi-cloud computing technology to process 60-70% of the input data to help banks realise ideas, bring products and services to the market faster and respond sooner to customer requests, VIB has doubled the number of customers compared to the previous year and reach the target of 4 million customers nearly a year earlier than expected. Not only VIB, the wave of “cloudisation” of digital banking applications to expand modes and storage capacity, and increase integrated processing and user data security capacity has been invested in and implemented … [Read more...] about Digital banks attract significant numbers of customers

Nguyen Van Thanh, general director of GSM (left), and Vu Hoang Yen, general director of Be Group, signed a cooperative agreement on March 21 in Ha Noi. — Photo coutersy of Vinfast Vingroup's Green-Smart-Mobility JSC (GSM) and Be Group JSC, a technology company, signed a cooperative agreement on March 21 to introduce electric cars and motorbikes to Vietnam. The agreement outlines that GSM will directly invest in Be Group to support its goal of becoming a multi-service consumer platform and the top technology transport service in Vietnam. GSM will also assist Be Group's drivers in converting petrol vehicles to electric vehicles (EVs) conveniently and easily. This new service aims to enhance the quality of service and optimise business efficiency for Be and its drivers. In the project's first phase, GSM will partner with local VPBank to offer exclusive preferential policies for Be's drivers to purchase or rent VinFast's electric cars or electric motorbikes at attractive prices. … [Read more...] about GSM works with Be to deploy electric car and motorbikes service