Archive for January 28th, 2021
PGBank’s profit in 2020 increased 2.4 times
Petrolimex Petroleum Commercial Joint Stock Bank (PGBank) has just announced fourth quarter 2020 financial statements with profits skyrocketing 212 billion dong in 2020, 2.4 [...] » More
Generali Vietnam’s ‘Song Nhu Y’ awarded Marketing Campaign of the Year
Italian-backed life insurer generali won the Marketing Campaign of the Year award by InsuranceAsia News for its “Song Nhu Y” (Live the Life You Desire) campaign, [...] » More
Seven local banks to issue domestic chip credit cards
Seven local banks and the National Payment Corporation of Vietnam, or Napas, on January 25 jointly held a ceremony to launch domestic chip credit cards following the State [...] » More
VAMC purchases more than 15.2 trillion dong of bad debts
Vietnam Asset Management Company (VAMC) has held a conference to summarise operations in 2020 and carry out tasks in 2021. Speaking at the conference, VAMC’s general [...] » More
OCB eyes spot among 5 best private bank in Vietnam
Orient Commercial Join Stock Bank wants to become one of the top five private banks in Vietnam, its chair, Trinh Van Tuan, has said. Speaking at the bank’s re-listing [...] » More
The challenge of bad debt still exists in the banking system
At the announcement of the Vietnam Economic Update Report at the end of 2020, Jacques Morisset, chief economist of the World Bank (WB) in Vietnam, said that the banking [...] » More
SSI Research: Interest rates to be stable in Q1
The analysis centre of Saigon Securities Incorporation (SSI Research) has published the report on the capital market in the week of January 18th to 22nd, which mentioned that [...] » More
Reference exchange rate up 2 VND
The State Bank of Vietnam set the daily reference exchange rate at 23,144 VND per USD on January 27, up 2 VND from the previous day. With the current trading band of +/-3 [...] » More
Banks make a lot of money from investment securities
Securities trading, especially investment securities at many banks increased strongly in the context that the stock market has been continuously increasing recently. In the [...] » More
Proactive, flexible and prudent in operating monetary policy
The banking sector gained positive achievements in 2020, contributing significantly to national socio-economic development as well as creating a solid premise for the [...] » More
Science, tech firms in Vietnam to enjoy 13 years of tax deduction
Corporate income tax will be completely exempted in the first four years and cut by half for the next nine years for emerging tech and science firms in Vietnam, as per a [...] » More
Vietnam spends $2.35 billion to import cars in 2020
The majority of imported cars in Vietnam in the final month of the year came from Thailand (7,696 cars), and Indonesia (2,353) and China (1,158). Vietnam imported over [...] » More
Progresses seen in Vietnam management of national foreign debts: workshop
Vietnam has recorded significant achievements in managing national foreign debts over the past three decades, said an official at a workshop held in Hanoi on January 26. Vo [...] » More
Vietnam boost sweet potato exports
Vietnamese authorities are boosting sweet potato exports to Japan after the prices for Vietnam’s potatoes in Japan peaked to USD2,047 a tonne. In the first ten months [...] » More
Vietnam needs a task force to promote business environment reform
The reform for the business environment is required to bring benefits for local businesses and people in the near future. Economist Nguyen Dinh Cung has proposed the [...] » More
