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.
Bancassurance becomes main service earner for banks Business

Bancassurance becomes main service earner for banks

Instead of the modest contribution made previously, the insurance business segment, or bancassurance (banks co-operate with insurers to sell insurance products), has now become the main source of income from service activities for many banks.
Positive signs in Q1 socio-economic situation Society

Positive signs in Q1 socio-economic situation

Vietnam saw positive developments in many socio-economic aspects in the first quarter of 2019, with a GDP growth of 6.79 percent and stable macro-economy, said Minister-Chairman of the Government Office Mai Tien Dung.
Banks earn huge services profits Business

Banks earn huge services profits

Many banks have seen their service earnings accelerate, buoyed by increasing investment for the business segment and rising market demands.
Banks post high profits in 2018 Business

Banks post high profits in 2018

Despite the central bank’s tightened monetary policy, many banks reported good business performance last year thanks to improved bad debt resolution and rising income from services.
HCM City’s industrial production sustains upward trend Business

HCM City’s industrial production sustains upward trend

The Index of Industrial Production (IIP) of Ho Chi Minh City sustained its growth during the last eight months, gaining 0.24 percentage points month on month and predicted to rise 8.1 percent this year – higher than the 7.9 percent in 2017.
Bac Giang develops modern distribution network Business

Bac Giang develops modern distribution network

The northern province of Bac Giang will implement some policies to stimulate trade and services with the aim of raising total retail and service revenues to 34.8 trillion VND (over 1.5 bilion USD) in 2020.