Vietnamese banks prove attractive to foreign investors | Vietnam+ (7/21/23)
A number of Vietnamese banks are grabbing interest of foreign investors who are major banks or financial groups.
The Southeast Asia Commercial Joint Stock Bank (SeABank, coded SSB) has revealed a plan on the private placement of nearly 95 million shares, equivalent to 4.63% of its current shares and over 3.7% when the placement is completed, to a professional stock investor expected to be the Norwegian Investment Fund for Developing Countries (Norfund).
SeABank said the offering price will be not lower than 12,861 VND (over 0.5 USD) per share, which was stated in the audited 2022 separate financial statement, and the highest price is expected at 37,032 VND per share. The bank is set to collect a minimum of more than 1.2 trillion VND and a maximum of over 3.5 trillion VND from this deal.
Saigon - Hanoi Commercial Joint Stock Bank (SHB, coded SHB) is also attracting foreign investors. Reuters recently cited its private source as saying that SHB is preparing to offer 20% of its shares’ value to a strategic partner. The names of the parties concerned have not been disclosed, but some information sources said several potential investors from the Republic of Korea and Japan have had meetings with SHB.
The value of this deal is hope to stand at 2 - 2.3 billion USD, and the transaction will be completed in 2023 or early 2024 after getting approval from the State Bank of Vietnam (SBV).
Foreign investors’ ownership of SHB is just around 7% at present, much below the ceiling limit of 30% set by the SBV. This is considered a promising opportunity for foreign investors.
Earlier, SHB finished the transfer of 50% of the charter capital of its SHB Finance Co. Ltd to Thailand’s Bank of Ayudhya Public Co. Ltd (Krungsri), a strategic member of the MUFG group of Japan, after over one year since SHB and Krungsri signed a capital transfer contract. The two sides will continue transferring the remaining 50% after three years as stated in the contract.
Krungsri once said that it would spend 5.1 billion THB (156 million USD) on this transaction.
The stocks of SSB and SHB have also been listed in the basket of VN30 Index, which tracks the performance of the 30 largest stocks by market capitalisation and liquidity on the Ho Chi Minh Stock Exchange (HoSE). Insiders said the presence in the VN30 basket will enhance these stocks’ attractiveness and values even further.
Meanwhile, more than 1.19 billion shares of Vietnam Prosperity Joint Stock Commercial Bank (VPBank, coded VPB) will be offered through a private placement to Sumitomo Mitsui Banking Corporation (SMBC) of Japan’s Sumitomo Mitsui Financial Group, Inc (SMFG). They equal over 17.73% of VPBank’s current shares and 15% when the placement is completed.
The transaction will be made in the third or fourth quarter of 2023 after the SBV approves and the State Securities Commission confirms its reception of all necessary papers.
With a planned offering price of 30,159 VND per share, VPBank hopes to gain more than 35.9 trillion VND (1.5 billion USD) and raise its charter capital by over 11.9 trillion VND. This deal will set a new record in transaction value in the banking sector.
Likewise, leaders of Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), Lien Viet Post Joint Stock Commercial Bank (LPBank), and Nam A Commercial Joint Stock Bank (Nam A Bank) said their banks are planning to increase charter capital by selling shares to foreign investors.
Nguyen Quoc Hung, Secretary General of the Vietnam Banks Association, said with rich experience, foreign banks and financial groups will make consideration before pouring money so as to ensure profitability and improve the governance capacity of domestic credit institutions.
Many banks have reached or almost reached the ceiling limits of foreign ownership. However, others still have low foreign ownership rates such as SeABank, Nam A Bank, Bac A Bank, BVBank, and KienLongBank. This is one of the factors making Vietnamese banks more attractive to foreign investors, he opined.
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Frank26: They are pairing the Iraqi dinar with many currencies from all around the world…and that pairing is bringing the Iraqi dinar on a International Stage….not full accepted yet but greatly appreciated.
Please listen to full video for all the information .
I keep hearing rumors that whales have money. I have great whale contacts- phenomenal whale contacts in Reno, Miami, Shanghai and Hong Kong and Zurich. And I cannot find a single one that has spendable dollars. Quite a few of them talk about having money in their accounts but they can’t get to it. Its on hold. But are they very hopeful they will soon see a release of it- yes. But they just have not seen it yet.
Most of my contacts have just gone dark … I still think things are exceptionally positive. I am trying to make myself stay calm during this process. Just buckle up and stay ready. Start getting your ducks in a row with preparations.
MilitiaMan (KTFA)
We’ve been waiting for and are still waiting for the 2023-2024 budget to have allocations to pay for things and to get projects started…we have to see if Sunday is one of those days that subsequently presents itself for them to expose things/roll out process.
They (Iraq) need to expose some things to us and this exposure could happen as early as tomorrow or Sunday or Monday. They have work to do and contracts to deal with. People need to get paid so they are going to have to show their cards. Basically that is where they are at I believe the short term looks better than the long term right now.
Sandy Ingram
If Iran were to sway Iraq to go against their signed agreement with the Untied States, both Iran and Iraq could end up under sanctions. This would mean Iraq would no longer be able to secretly help Iraq to stay afloat. Everybody knows Iraq is helping their neighbors, it’s how they help them that matters. No US dollars.
Bruce (The Big Call)
[via WiserNow]
We’ve been told that the redemption centers are now on high alert as of …Friday. And the information we have from another source directly connected to the process is that we should be there for our notifications…Friday, Saturday or Sunday. We could get notified anytime within that period…Let’s see what happens with this window.
Mountain Goat
I know we are right at the cusps of this event happening. I know for a fact that Iraq is now a full member of the WTO yet they hold back the news and officially announcing it. Why? Could it be they want Iraq to coordinate this event with the reinstatement of the dinar?
FIREFLY: TV saying the oil and gas law need to include the decision of the federal court.
FRANK: There it is again. Notice that the HCL is the key to the budget. Notice that the budget is the key to the new exchange rate. It is also the key for Iraq to stop depending on other countries for energy…
FIREFLY: Iraq is on the verge of urban renaissance upon implantation of the budget. This is on our news.
FRANK: You think a program rate…a sanctioned toilet paper valued program rate currency is going to take them into the renaissance? I mean how many ways can Sudani encourage the citizens of Iraq, ‘It’s coming.’
Global Currency Revaluation of 127 Countries of the World:
On Tues. 18 July monies began flowing out of Zurich; the Iraqi Budget with the new Dinar Rate in it was released to the Iraqi Provinces and funds were positioned for distribution; Paymasters were given liquidity and Whales were beginning to be paid. As of Sat. 21 July some Whales had been paid, some had not, all could see monies in their accounts and all were under NDAs.
On Wed. 19 July the Iraqi budget with the new Dinar Rate in it was implemented in all Iraqi Institutions.
On Thurs. 20 July the Global Quantum Financial System officially launched the ‘FedNow Instant Payment System,’ while therefore Tier 4b(Us, the Internet Group) could expect notification at any time.
Thurs. 20 July TNT Tony, RubixQ on Telegram: Multiple sources have reported that disbursements have been completed this week and everything was now done.
Thurs. 20 July Bruce: as of Fri. 20 July Redemption Centers were on high alert. Tier4b (Us, the Internet Group) notifications should come sometime between Fri. 20 July to Sun. 23 July. On Wed. 19 July Paymasters were authorized to send emails out to Bond Holders telling them that they had access to their funds (on an unknown date).
On Sun. 23 July all financial changes was expected to complete.
The last week of July US citizens would receive restoration allowances that paid them back illegal interest given to the Cabal, plus SS payments would increase.
On Wed. 23 August the new gold/asset-backed Quantum Financial System would be made public.
Welcome everybody to the big call tonight. It is Thursday, July 20th and you're listening to the big call. Thanks for tuning in wherever you are around the globe. We love to have you here and we love spreading the information that we have and spreading the good news of Jesus Christ, and letting everybody know what the status is. We're glad to have Bob back on the call after his trip from Costa Rica, and we look forward to hearing more about that conference that he was on. So thank you, everybody for listening -
Tonight guys - this is a strange one, because we do have some information, and some Intel that lends us an opportunity to think where we really are.
We've had this thing come and go -. So this moving Target's been moving. There appeared to be a couple of things - That one thing that is not a factor, but I bring it up because the information is out on the blog. So the BRICS nations have an announcement that they're moving from this month to the end of August, somewhere in the 23rd or 27th. I believe it was of August about the gold backed currencies that are part of the BRICS consortium.
And I understood today there were two countries that were held up in joining because of their status on that they wanted to be part of the BRICS, but for some reason they were not quite qualified to be on in a consortium yet, but believe it will be rectified
Now. I'm bringing it up, but it has nothing to do with the RV and us going or our numbers is a separate related, somewhat related topic – just in case - If you're thinking that might have something to do this, it does not.
Now, we obviously are in a position where we love hearing news about the United States, USN - our actual new asset backed - primarily gold, but asset backed currency - Now digitally, we're trading our USN on the screens – Iraq has been trading their dinar – their new what I call new Iraqi Dinar - on the screens – and so with a lot of other countries. And also they have it on what's called the ATX Forex the assets that is asset backed Forex.
This is a separate for a number of nations that are considered fully asset backed that are trading between one another on their currencies. So we sometimes use the term ATX Forex, at FX actually AT FX being traded alongside the Forex - And that's good to know.
The other thing is from what we can tell, redemption centers have been ready to go for quite some time. quite some time. The people are trained, They've gone in for conference calls. they've had schedules of the appointments. They've had their personnel staff being able to come in over a period of time blah blah blah, all of that’s cool, but we've been told today, and some of the intel is like an hour and a half old.
We've been told that the redemption centers are now on high alert as of tomorrow, which is Friday. And the information we have from another source directly connected to the process is that we should be there for our notifications tomorrow, and Sunday. Well that's the weekend, Friday, Saturday or Sunday.
We could get notified anytime within that period. The bondholders which we key on a lot - the bondholders, we understand have received their paymasters have said they have the green light Yesterday, the 19th of July, The paymasters had the greenlight to send out emails to their bond sellers that they have access to funds. They have access to their funds
Now we don't have confirmation that they have been received or that they have access to funds now - that email might have given them we haven't seen email yet. but the email might have said you have access to funds tomorrow, which would have been today the 20th – or the 21st
We don't know I haven't been able to get a confirmation that before this call tonight. So - but we understood that they were supposed to get that email yesterday from the paymasters of those bond sellers.
Now, we'll just take that for what it’s worth - the funds that are moving for us, and for the bondholders are in place at the banks. They did disseminate the funds from Treasury to have them available for us to go in for exchanges and also for the redemption of zim and our understanding is that everything, as far as we know is ready
Now What could be holding this up – we’ve talked about a political change that needed to take place – our understanding is that maybe the case that political change in the administration may need to happen by today at three o'clock. I don't know that that happened.
But that political change may need to take place completely before this is released to us. The longer we wait and the longer everything seems to be ready or in process of being ready the more it appears that that needs to take place. So I would not doubt it at all.
So I'm looking forward to the political change taking place for us to get our email releases for me to get the toll free numbers, which I'm supposed to get and I'll be able to put it out at least two or three ways, one – I’ll be able to have it when I get which I don't yet – will put it on our website, which is big call universe COMM
And we will do an email blast to everybody that we have email registration for if you've registered on the call universe comm with your email to receive the 800 number - we'll send out an email blast which will include that number. I know that I'm supposed to be able to do that. I supposed to be able to text it to a few people which I may not do because voice to text is not as reliable.
And of course I'll be able to I would be able to put it out live on the big call if I had it.
Now here's the dilemma. Oh sure. We'd love to do a celebration call. I'd love to put out the number live on the call, although that would be fine. But our next call isn’t until next Tuesday if we had it all. And my plan is to not do a call Tuesday. But to just get you guys what you want, which is the number so that you can call the call center and get routed to the redemption or in your zip code or in the zip code that you choose.
When you enter your information I'm assuming it's going to be on a dial pad as you enter that basic information about the currency you have. This is I don't know this but what if it says press one for zim press two for dinar etc.
So you should be able to enter that information and then of course, enter your five digit ZIP code. It could be the zip wherever you work, if you want to do if you know that there's a redemption center in that area, or it could be one where you live if you know there's one nearest - either way whatever zip code you enter, they're going to connect you either a direct link to the redemption center where you literally are connected directly and speak to a live person at the other end or they give you a toll free number or a number for your local area to call.
You see so that you call it say you're in Charlotte and you have you know you want to get a direct call to the redemption center where you're going to get a 704 area code and the phone number to the redemption center.
Okay, if you're in Charlotte, and if you're out in the east or Wilmington, you get an 919 area code in other words, you'll get a number that you can get a call to set up your appointment directly with a person on the other end, who most likely will either be assisting you in your exchange and redemption of zim or at least be there at the redemption center when you get there. So it's sort of the initial beginning of a relationship with the redemption center.
Remember the process to know your customer - KYC - they know all those emotions unless you can get them to. If you've been gifted zim, they have no email for you. Well, more than likely, probably a bunch of you guys that have been gifted zim -
So remember that. That's what I'm supposed to do is fill in the blanks for those that don't have an email for so that you have a way to find the toll free number.
So I know we're going to provide that and you know, you'll have to be able to contact and make your appointments - My understanding is that once the numbers come out and we call and we're setting our appointments, it could be the same day, next day, when we go in or whatever it is. They should go for two weeks between 14 & 15 days straight at all redemption centers.
So they can pick up any straglers that might be hospital that might be out of the country, or whatever given time to set an appointment and get back so that they can take care of their ecxchange and move on with their lives.
So not much information today. I know all we're really wants to know is “when” - they don't really want us to know when but we have a window again. we have a nice big window from tomorrow through Sunday. Let's see what happens with this window. Let's see if they get political change made, they want to get made.
And otherwise, rates are going up. We did get an update yesterday, yesterday, and the rates are the least of your worries. Don't worry about it. They're gonna be fine
And that really guys wraps up everything that I've had to bring tonight. So it was short segments, short and sweet. We're just looking to see what happens. I like things are looking like they could go anytime from Sunday. Let's watch it.
Alright everybody, I want to go ahead and pray this out. If I do want to thank everybody
So let's go ahead and let's all keep an eye on our email for the weekend and see what develops.
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Friday Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good Friday Morning patriots
Member: Can’t believe we are at another broke weekend…..
Member: I think it might be a good day for an RV. what do y'all think?
Member: I’m ready for all of us having Christmas in July this year!!
Member: Today is Iraq’s “New Year” a national holiday
Member: Dang it feels like Iraq spends more time “ on holiday” then they do real life
MZ: And here is MilitiaMan popping in-Welcome. I’m hoping you have phenomenal news.
MM: I have to say we are at that stage of the roller coaster ride we have been on for so many years is coming to an end. This morning we see the Kurds have hammered out the 5 days of meetings and have agreed to do some auditing on not just the oil production , but also the non- oil like taxes and tariffs at the borders…so that looks like they are ready to come to the table and play nice and share some of those revenue streams. .They have not done that in 20 years….now they are ready to be audited.
MM: There are other things we are hoping to see in the next short period of time. Today is a holy day and a holiday….and we know sometimes they work on holidays behind the scenes.
MM: I am looking to see the 2023, 24, 25 budget allocations are being talked about…they need to start spending money on projects. We will hopefully see things come to fruition in a short period of time. We are in a fascinating time frame.
MZ: We have seen Iraq making infrastructure deals with China …and paying oil for it. They are avoiding the US dollar.
MM: It is not surprising to see them circumvent the US dollar. The new system…the Iso 202022 is one they are going to use throughout the region. Personally I don’t see the dollar going away 100% any time soon….but, I don’t think the BRICS are going to Accept Iraqi dinar at a rate of 1300.
MZ: They are going to want the dinar to have a real value.
MM: everyone and their brother are chomping at the bit to have a previous era exchange rate that’s internationally accepted to do business with in the region….everyone is coming to Iraq. These are exciting times and I am feeling very upbeat.
MZ: Yes- super exciting times. Do you have a gut feeling on timing at this point? All the signs look great.
MM: I wish I had a crystal ball and could predict that date….everyone would be jumping for joy if I could. But I can’t. However, if we look at all the system being connected and if we believe this is a global initiative and Iraq is the lynchpin….we can see things happened on Thursday that created an environment through the Fednow system ( we all have opinion on if this is part of the QFS system or not) but different systems around the world are going to have to be able to communicate.
MM: My impression was the US was the last to go. If that is the case- maybe we will see this roll out begin with systems paying instantaneously…..within 4-5 seconds when all is said and done.
Member: I have a source that works at one of the major banks and have been flying here and there doing transactions …and they said during the day transactions have been taking 1 second or less to clear.
MM: I saw stuff on that yesterday and its fascinating. And they are using XRP as a protocol to connect….they have started this and it’s not going to stop.
Member: XRP was accepted for payment use in Iraq Jim Willie said Iraq will be the center of the financial system in the east
Member: The meeting between Iraqi officials and XRP on July 4th mentioned by Militiaman the other day was big
MZ: I am trying to make myself stay calm during this process.
MM: We need to watch as they roll this out. They (Iraq) need to expose some things to us and this exposure could happen as early as tomorrow or Sunday or Monday. They have work to do and contracts to deal with. People need to get paid so they are going to have to show their cards. Basically that is where they are at I believe the short term looks better than the long term right now.
MM: I have heard people say this roll out could take up to 10 days to 30 days for everything to be completed. This could include all the countries and does not mean we have to wait that long. The rate cannot stay at 1300.
MZ: They have bills to pay so it’s the proverbial s*** or get off the pot moment.
Member: Do you know of any key steps still remaining for them to do for Iraq to release its revalued rate?
MM: I would say that what we witnessed this morning with the Kurds now being on board…along with taxes and tarrifs at the borders being another income stream……and JP Morgan getting the BUNA platform to clear currencies digitally throughout the region is done. The ISO system is already hooked up with the XRP compnant..…FedNow is ready…the QFS is ready. Looks like everything is ready. So if transactions can clear within seconds now….so (he shrugs with hands up?)
MZ: Yes we are seeing all these different systems in different countries and they are all about integrating with the QFS- imo and legacy banking (old banking system?) so thes nearly instantaneous transfer system all needed to be in place before they pulled the trigger.
MM: And I think we are seeing the evidence of that. And so whenever the timing is the least shocl t the system is when we think we are going to see that
Member: We were always told every Saturday night all the banks in the world close for a brief time…..imo that could be the time they pull that trigger.
Member: Is Fednow only for the US?
MZ: Every country has its own version of an instant transfer system now. A hodge podge to make all the legacy systems work.
MM: And all these systems are able talk with themselves all around the world.
MZ: Fednow is NOT a CBDC. It is simply a cross border transfer or payment system. It can be used for good or bad. I was told we do not need to fear FedNow unless we see the federal reserve roll out the CBDC- then it will become something to be concerned about.
MM: I think the goal is to be safe, secure and fast. Everyone have a great afternoon .
Member: Thanks MM for all your work and info.
Member: My understanding is qfs is the system and fed now is the process to transfer
Member: they need to take the Fed out of FedNow for anyone to trust it
Member: I think they're going to be switching us to gold-backed currency soon
Member: Nader said the Iraqi banks told the cbi to raise the rate of the dinar
Member: they are in the World Trade Organization , that's huge!!
Member: I hear Protocol 20 implementation and testing has begun. This testing phase will be completed on 22 August.
MZ: Most of my contacts have just gone dark….we keep hearing rumors that some people are getting paid but I cannot find a single person that have dollars. I cannot find a liquid whale anywhere….and I have searched.
Member: If it’s a shotgun start…. they go when we go……
MZ: I still think things are exceptionally positive . Just buckle up and stay ready. Start getting your ducks in a row with preparations.
Member: Pedal to the metal- hammer down and move this RV now
Member: Pray for the RV to happen, asap for Iraq who was treated so bad by the U.S. as well as many countries around the world and the American people. God bless.
Member: see you all tonight.
Mr. Cottrell and CBD Gurus also join the stream today towards the end. Please listen to the replay for all of their information and opinions.
