Covid-19 severely impacts banking sector’s benefit growth Business

Covid-19 severely impacts banking sector’s benefit growth

According to the SSI Securities Corporation, if COVID-19 is controlled by the end of Q2, the banks' pre-tax profit will grow by 7.2 percent per year. However, if the epidemic ends at the end of the year instead, the growth will be 0.8 percent per year.
Cargo handled at seaports up in Q1 Business

Cargo handled at seaports up in Q1

The volume of cargo handled at Vietnam’s seaports reached nearly 160 million tonnes in the first quarter, up 8.4 percent over the same period last year, according to the Vietnam Maritime Administration.
 Banks to offer credit packages for customers affected by COVID-19 Business

Banks to offer credit packages for customers affected by COVID-19

The Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) and the Vietnam Bank for Agriculture and Rural Development (Agribank) will provide credit packages worth 60 trillion VND (2.5 million USD) and 100 trillion VND respectively to support customers amid the COVID-19 pandemic.
Commercial banks support COVID-19-hit businesses Business

Commercial banks support COVID-19-hit businesses

The State Bank of Vietnam (SBV)’s leaders on March 24 held an online meeting with representatives of 12 joint stock commercial banks on the implementation of measures to support businesses and people affected by the coronavirus disease (COVID-19).