Techcombank reports pre-tax profit of over 554 million USD Business

Techcombank reports pre-tax profit of over 554 million USD

The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) earned pre-tax profit of over 12.83 trillion VND (554.7 million USD) and revenue of 21.1 trillion VND (910.38 million USD), marking increases of 31.5 percent and 24.7 percent year on year, respectively.
Ministry eyes tightening corporate bond issuance Business

Ministry eyes tightening corporate bond issuance

The Ministry of Finance will tighten regulations over corporate bond issuance because of an overheating market to protect investors and prevent risks which might arise from the abuse of this capital raising channel.
Deputy PM holds talks with Swiss Vice President Politics

Deputy PM holds talks with Swiss Vice President

Permanent Deputy Prime Minister Truong Hoa Binh held talks with Vice President and head of the Department of Economic Affairs, Education and Research of Switzerland Guy Parmelin in Geneva on January 20.
US-China trade deal forces firms to grow Business

US-China trade deal forces firms to grow

The recently signed US-China trade deal, an effort to calm trade tensions between the world’s two largest economies, will force Vietnamese businesses to grow in order to meet the challenges as well as the opportunities it brings, said economic experts.
Banks’ liquidity abundant ahead of Tet Business

Banks’ liquidity abundant ahead of Tet

Though Tet (Lunar New Year) is approaching with rising capital demands, the liquidity of the banking system is abundant, helping interest rates in the inter-bank market drop sharply, industry insiders said.
Vietnamese central bank invited to become BIS member Business

Vietnamese central bank invited to become BIS member

The State Bank of Vietnam (SBV) has been invited to become a member of the Bank for International Settlements (BIS), the first expansion of the prestigious international financial institution's central bank membership base since 2011.
Universities aim to address shortage of tech workers Society

Universities aim to address shortage of tech workers

Ho Chi Minh City is hopeful of mitigating its manpower shortage, especially in sectors related to the fourth Industrial Revolution, over the next few years since many local universities plan to launch majors in artificial intelligence and such streams starting in 2020-2021.
Bank lending rates expected to fall in 2020 Business

Bank lending rates expected to fall in 2020

A report by securities firm SSI on the financial and monetary market says deposit interest rates are likely to be cut by 0.5- 1 percentage point this year, and lending interest rates would also be cut by at least 0.5 percentage points as required by the Government.
FDI flow into Cambodia picks up 11.7 percent in 2019 World

FDI flow into Cambodia picks up 11.7 percent in 2019

Cambodia lured more than 3.58 billion USD in foreign direct investment (FDI) in 2019, a year-on-year surge of 11.7 percent, with Chinese investment accounting for 43 percent of the total figure, according to the National Bank of Cambodia (NBC).