Vietcombank leads in first-half pre-tax profits Business

Vietcombank leads in first-half pre-tax profits

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) posted the highest pre-tax profits among Vietnamese banks in the first six months of 2019, raking in more than 11.04 trillion VND (474.7 million USD), up 43.1 percent on-year.
Banks struggle to lure long-term capital Business

Banks struggle to lure long-term capital

Banks have to mobilise long-term capital at high costs by issuing certificates of deposit (CD) in Vietnamese dong with high interest rates to lure depositors, causing concerns about a domino effect on lending rates.
Shares up on bank stocks, oil rises Business

Shares up on bank stocks, oil rises

A huge purchase of banking shares in the final minutes of the February 27 session on the local stock exchanges drove shares up, after a brief fall at the beginning of the session.
Shares drop on selling pressure Business

Shares drop on selling pressure

Vietnamese shares declined on January 1 as the market reversed quickly at the end of the trading session and especially during the ATC session, dragged down by blue chips in the banking and energy sectors.
Quang Tri seeks to develop macadamia farming Business

Quang Tri seeks to develop macadamia farming

The Lien Viet Post Joint Stock Commercial Bank (LienVietPostBank) will give central Quang Tri province a credit package worth 500 billion VND (22 million USD) to help the locality develop macadamia farming.
Seminar looks to promote macadamia planting Business

Seminar looks to promote macadamia planting

A seminar was held in Central Highlands Lam Dong province’s Da Lat city on February 7 to introduce a roadmap for the implementation of a macadamia cultivation project in the Central Highlands region.
Soft loans help boost agricultural productivity Business

Soft loans help boost agricultural productivity

Financing for agricultural and rural development with a reasonable loan period and low interest rates has proven effective in ensuring the efficiency of agricultural production and increasing profits for farmers, the Nhan Dan (People) online newspaper reported.
Business

French postal firm to deliver assistance to Vietnam

The Vietnam Post Corporation and the Lien Viet Post Joint Stock Commercial Bank (LienVietPostBank) have inked a Memorandum of Understanding with France’s La Poste Group, who will launch a comprehensive technical knowledge transfer.