September 14, 2016 Disclaimer: the opinions expressed herein are that of HSC Securities and not of VietnamAdvisors. This is NOT a solicitation to buy or sell securities. VCB hold the FY2015 AGM on 15th April 2016. In the AGM, VCB announced a strong Q1’s results with pre-tax profit up 58% y/y. For FY2016 VCB targets 10% pretax
June 15, 2016 he 1st phase of banking restructuring project ended with some encouraged results in resolving NPL. Total NPL of all system reduced to 2.55% by the end of 2015. NPLs were split out from balance sheets of commercial banks and divided into different parts to handle time to time.