Vietnam's BIDV Jan-Sept net profit doubles to $147 mln

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BIDV, Vietnam's third-biggest lender by assets, said on Wednesday its net profit for January-September nearly doubled from the same period in 2012 to VND3.1 trillion ($147 million) thanks to higher earnings in securities trading.

The Hanoi-based Bank of Investment and Development of Vietnam, which is seeking a stock listing licence, made 312 billion dong profit from trading shares in the nine-month period, compared with a loss of nearly 22 billion dong in the same time last year, it said in a statement.

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