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.
Banks sprint to transfer listing to official bourses Business

Banks sprint to transfer listing to official bourses

Banks are sprinting to transfer the listing of shares from Unlisted Public Company Market (UpCom) to official bourses before the Law on Securities takes effect from the beginning of 2021, which would require two-year listing on UpCom before a public company could go to official bourses.
COVID-19 relief to support Vietnam’s women-led SMEs Business

COVID-19 relief to support Vietnam’s women-led SMEs

The Asian Development Bank (ADB) and the Government of Vietnam on December 22 signed a 5 million USD grant agreement, funded by the Women Entrepreneurs Finance Initiative (We-Fi), to support Vietnamese women-led small and medium-sized enterprises (WSMEs) whose access to finance has been weakened because of COVID-19.
Vinh Phuc sees RoK investors as key: Official Business

Vinh Phuc sees RoK investors as key: Official

Vinh Phuc province views localities and businesses in the Republic of Korea (RoK) as its partners of top importance and a key factor in its international integration strategy, Hoang Thi Thuy Lan, Secretary of the Vinh Phuc Party Committee, has said.
ASEAN Plus Three countries promote inter-bank cooperation Business

ASEAN Plus Three countries promote inter-bank cooperation

Government-sponsored development banks of Japan, China and the Republic of Korea signed an agreement with major financial institutions in the Association of Southeast Asian Nations (ASEAN) to boost inter-bank cooperation during the ASEAN Plus Three Summit held virtually on November 14.
Top companies see profit slide in 9 months Business

Top companies see profit slide in 9 months

Forty of the largest companies by market capitalisation posted a 15 percent annual decline in total pre-tax profit, which fell to 162.8 trillion VND (7.02 billion USD) in January-September.
HDBank remains on high growth path in Q3 Business

HDBank remains on high growth path in Q3

The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank, HOSE: HDB) reported pre-tax profits of 3.61 trillion VND (155.5 million USD) for the first nine months of 2020, a year-on-year increase of 31.9 percent and equivalent to 107 percent of the target.