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Vietcombank has taken the unusual move of plunging a foreigner into the financial fray. Vietcombank has appointed a Canadian executive as its new retail banking director in a country that rarely hires foreign execs in its commercial banking sector. Thomas…
At a recent working session with the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), President and CEO of Mizuho Financial Group Yasuhiro Sato said Vietcombank is one of its most successful investments. He hoped the two sides will…
Meanwhile, the managers at VP Bank receive twice as much as Vietcombank’s managers, about VND3.6 billion if the bank can fulfill the business plan. At ACB, the average level for key personnel is VND530 million a year. Vietnamese banks are more generous,…
Several commercial banks have in the early days of 2017 posted positive business performance for 2016, with profits much higher than the previous year. The Bank for Foreign Trade of Vietnam (Vietcombank) was the first bank to report pre-tax profit in 2016,…
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