Huge gap in Tet bonuses Society

Huge gap in Tet bonuses

At the end of the year, workers often look forward to Tet (Lunar New Year) bonuses to see whether the sum would partly help them enjoy a good Tet celebration or not.
Techcombank posts huge jump in profit Business

Techcombank posts huge jump in profit

The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) posted pre-tax profit of more than 10.66 trillion VND (458.38 million USD) in 2018, up 31 percent year-on-year and surpassing its target by 6.61 percent.
Insurance sector posts 24-percent rise in revenue Business

Insurance sector posts 24-percent rise in revenue

The insurance sector recorded more than 133.65 trillion VND (5.76 billion USD) in revenue from premiums in 2018, up 23.97 percent from a year earlier, according to the Ministry of Finance’s Insurance Supervisory Authority.
Businesses sponsor National Fund for Vietnamese Children Society

Businesses sponsor National Fund for Vietnamese Children

Businesses pledged to sponsor nearly 80 billion VND (3.43 million USD) for the National Fund for Vietnamese Children (NFVC) under agreements signed at a programme in Ho Chi Minh City on December 8 with the attendance of Vice President Dang Thi Ngoc Thinh.
Vice President vows support for Manulife Financial Corp Business

Vice President vows support for Manulife Financial Corp

Vice President Dang Thi Ngoc Thinh has assured Vietnam’s consistent policy of supporting Canadian firms and Manulife in particular to effectively operate in the country during a reception for visiting Chief Executive Officer & Director at Manulife Financial Corp Roy Gori in Hanoi on November 29.
Bancassurance brings risks for insurers Business

Bancassurance brings risks for insurers

The model of distributing insurance products via banks (bancassurance) has contributed significantly to increasing insurers’ revenue, but experts warned that the overheating growth of the business could cause insurers to have to pay compensations due to mistakes made by bank employees, who also act as insurance products consultants.
Prudential Vietnam wins Golden Dragon Award Business

Prudential Vietnam wins Golden Dragon Award

Prudential Vietnam has been honoured as “Vietnam’s Leading Life Insurance Company” and the only insurance company in the “Top 10 foreign-invested enterprises in Vietnam” at the annual Golden Dragon Awards.
Law on credit institutions takes effect Business

Law on credit institutions takes effect

Many businesspeople, who hold leadership positions at both banks and other firms, have decided to give up their positions in enterprises and keep the banking management positions to meet a new Government regulation.