Tag: China
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Vietcombank Reports 9% Rise in Q2 Pre-Tax Profit, Attributed to Reduced Provisions
The recently released consolidated financial statements for the second quarter of 2025 reveal impressive results for the Joint Stock Commercial Bank for Foreign Trade of Vietnam, commonly known as Vietcombank (HOSE: VCB). The bank reported a remarkable pre-tax profit of over VND 11,034 billion, reflecting a 9% increase compared to the same period last year. This outstanding performance is attributed to a significant reduction in risk provisions.
The Central Bank’s Open Market Operations: A Strategic Liquidity Boost
Between July 21 and July 28, 2025, the State Bank of Vietnam (SBV) injected a net amount of VND 84.415 trillion into the open market, aiming to bolster liquidity in the banking system.
HDBank Signs $215 Million Syndicated Loan Agreement with Three Leading International Financial Institutions
On July 31, 2025, HDBank, a leading Vietnamese joint-stock commercial bank, inked a syndicated loan agreement worth $215 million with three prestigious international financial institutions: Sumitomo Mitsui Banking Corporation (SMBC), FinDev Canada, and the Japan International Cooperation Agency (JICA).
