Vietcombank’s bad debts lowest ever in 2020 Business

Vietcombank’s bad debts lowest ever in 2020

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) recorded a bad debt ratio of 0.6 percent last year, the lowest so far and in the sector, compared to 0.78 percent in 2019.
Thai economy battered by new wave of COVID-19 World

Thai economy battered by new wave of COVID-19

Thailand’s GDP growth could drop below the 3.2 percent baseline projection due to lower foreign arrivals amidst uncertainty regarding COVID-19 vaccine efficiency, and reduced fiscal stimulus, according to the latest minute from the Bank of Thailand’s Monetary Policy Committee (MPC).
Disbursement of public investment at record since 2016 Business

Disbursement of public investment at record since 2016

The disbursement of public investment was estimated at 398 trillion VND (17.24 billion USD) as of the end of December, meeting 82.8 percent of the Government’s plan – the highest rate in the 2016-20 period, according to the Ministry of Planning and Investment.
2020 tax revenue surpasses annual target Business

2020 tax revenue surpasses annual target

Nearly 1.279 quadrillion VND (55.3 billion USD) in taxes was collected for the State budget in 2020, almost 24.35 trillion VND, or 1.9 percent, higher than the annual target and 175.85 trillion VND more than the estimate reported to the National Assembly (NA).