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Techcombank is on track to be among the top ASEAN banks Techcombank’s rise within the Vietnamese banking industry was highlighted last year when it became the first non-state-owned bank to join Vietnam’s billion-dollar profit club. “Even in the very tough environment we are seeing, our employees have maintained a high quality and reliable service for our customers and this is helping us to deliver stellar performance year after year,” said Jens Lottner, CEO of Techcombank. Last year, the bank continued to reduce costs while focusing on building deposits in its current accounts and savings accounts (CASA), which Lottner described as a “stable and cheap” source of funding. Techcombank’s CASA ratio, which reflects the percentage of the bank’s total deposits that are CASA, jumped from 46.1 per cent in 2020 to 50.5 per cent last year, well on its way to the bank’s target of 55 per cent by 2025. Techcombank’s net interest margin, a measure of the difference between the interest … [Read more...] about Techcombank on track for a seat among the top ASEAN banks

The site of the traffic incident involving two British tourists in Hội An City, Quảng Nam Province. — Photo courtesy of the local police HÀ NỘI — Two British tourists, a man and a woman, died in a motorbike crash in the central city Hội An (Quảng Nam Province) early Monday morning, police have confirmed. Đinh Xuân Nghĩ, head of the city’s police, said the accident occurred at 3:40am in front of a residential house at No.208 Hùng Vương Street, Thanh Hà District. The two were travelling on one motorbike when the accident happened. The victims have been identified as Denver Christopher Marcus (born in 1997) and Thompson Peth May (born in 1998), both UK nationals, who were staying at a hotel on Cửa Đại Street. Nghĩ said their motorbike crashed into a power pole on the side of the road while they were driving from Hội An City to Điện Bàn Commune (also in Quảng Nam Province). Whether the two were driving under influence would need forensic appraisal, but this procedure would … [Read more...] about Two British tourists killed in motorbike crash in Hội An: Police

Two British tourists died in a traffic accident in the central city of Hoi An early Monday morning. The area where the accident occured According to a report from Hoi An Police Department, the accident occured at 3.40am when the two visitors were driving a motorbike on Hung Vuong Street and crashed into an electricity pole. The two, a man and a woman, died on the spot. They were identified as Denver Christopher Marcus, 25, and Thompson Peth May, 24. They are both British citizens. The motorbike was heavily damaged. Police are investigating the cause of the accident. Director of Hoi An Police Department, Dinh Xuan Nghi, said that they needed forensic appraisal to define whether the two were driving under influence. "We will work with the Quang Nam Province’s Department of Foreign Affairs and UK embassy for related issues," he said. … [Read more...] about Two British tourists die in traffic accident

Vietnamese wushu artist Bui Truong Giang (in blue) defeats Jumanta from Indonesia to triumph the men's sanda 60kg on May 15. (Photo: VNA) Hanoi – Vietnam is standing atop the SEA Games 31 medal tally with 68 golds, leaving second-placed Thailand far behind. Vietnam bagged a total of 29 gold medals on the third day (May 15) since the region’s biggest sports event officially started. The Wushu team impressed spectators the most, claiming seven gold medals, including six in the Sanda events. The gold medalists include Hoang Thi Phuong Giang in Changquan, and Ngo Thi Phuong Nga, Nguyen Thi Thu Thuy, Nguyen Thi Trang, Bui Truong Giang, Truong Van Chuong, and Nguyen Van Tai in Sanda. Athletics and dance sports also yielded a successful day for Vietnam, each with five golds. Championing runners were Nguyen Thi Huyen, Nguyen Thi Oanh, Nguyen Van Lai, Pham Thi Diem and Nguyen Tien Trong. Dancers Nguyen Doanh Minh Truong and Dang Thu Huong completed a gold hat-trick for the day while … [Read more...] about Vietnam currently tops SEA Games 31 medal tally

World Elite cardholders will also enjoy complimentary green fees at up to 74 premium golf clubs worldwide, and 50 per cent discounted green fees at 42 premium golf clubs in Asia for World cardholders. — Photo Mastercard Mastercard recently announced the enhanced World and World Elite card programmes, providing affluent consumers in Viet Nam and other Southeast Asia a range of rewards, lifestyle privileges and experiences at home and away. The card programmes also provide an additional security layer with Mastercard ID Theft ProtectionTM that allows cardholders to monitor and be alerted to instances of identity fraud. Cardholders can make the most of benefits like complimentary one-year membership for World and World Elite cardholders to meet wellness goals for the year. The enhancements also provide eligible World Elite cardholders with complimentary unlimited Doctor Chat, Teleconsultation and medicine delivery supplied by Allianz and MyDoc. World Elite cardholders will also … [Read more...] about Mastercard refreshes World and World Elite card programmes

Vice chairman Torben Minko How do member companies of the European Chamber of Commerce in Vietnam (EuroCham) evaluate the potential of public-private partnership (PPP) development in Vietnam? Vietnam has a promising opportunity for PPP development with a dynamic population, an increasing middle-income class, and also a rising need for high-quality products and services. Currently, PPPs are not yet applied in the services area. Service-based PPPs can unlock further contributions from the private sector toward an inclusive, forward-looking, and sustainable healthcare system. As such, a legal framework is a key that is conducive to business via a predictable and sustainable environment. EuroCham’s Healthcare Forum includes three sector committees namely Pharma Group (PG), International Quality Medicines (IQMED), and Medical Device Diagnostics (MDDs). The key interests of EuroCham members in PPP include machine installation models in hospitals, addressing public health concerns, … [Read more...] about Deploying public-private health plans

Viet Nam will rise to the second position in Asia in terms of pork consumption this year. — Photo laodong.vn The Organisation for Economic Co-operation and Development (OECD) forecasts that Viet Nam will rise to the second position in Asia, after China, in pork consumption this year. Accordingly, pork consumption in the country is forecasted to reach 3.4 million tonnes this year, with an annual growth rate of 3.1 per cent in 2022-30. The Ministry of Agriculture and Rural Development (MARD) said that the reopening of restaurants, schools, and factories was driving up demand for meat consumption. Live hog prices have grown slightly in some areas. Currently, the average cost of live hogs across the country fluctuates in the range of VND53,000-58,000 (US$2.3-$2.5) per kg, an increase of VND1,000-3,000 per kg compared to the end of March. The price of live pigs will likely continue to rise when the cost of livestock and petrol is high, but it is unlikely to increase dramatically … [Read more...] about VN pork consumption forecast as second largest in Asia