Banks report higher profits Business

Banks report higher profits

Banks are reporting better profits for the third quarter this year, with Vietcombank leading the way despite the predicted slowdown in credit growth.
Banks short of credit growth quota for 2019 Business

Banks short of credit growth quota for 2019

Though there remains six months, some banks have almost used up the assigned quota for the whole year, and experts said it would be difficult for the banks to get an expansion approval from the State Bank of Vietnam (SBV).
SSC to strengthen handling of stock manipulation Business

SSC to strengthen handling of stock manipulation

The State Securities Commission of Vietnam (SSC) will strengthen cooperation with the Ministry of Public Security to bolster the inspection and handling of manipulation and insider trading on the stock market.
MobiFone suffers drop in profit and revenue Business

MobiFone suffers drop in profit and revenue

MobiFone, one of Vietnam’s three largest mobile network operators, has reported a year-on-year decline of 42 percent in post-tax profit in the second quarter of this year, falling to 947 billion VND (41 million USD).
Gov’t studies making use of idle dollars, gold Business

Gov’t studies making use of idle dollars, gold

How to mobilise idle foreign currency and gold from locals to invest in business and production has become a hot issue recently, with the Government once again asking the central bank to consider proposals.