Profits come from service diversification Looking at the profit results of the four State-owned commercial banks (Big 4), Vietcombank had a pre-tax profit of nearly VND23.1 trillion (approximately US$1 billion) - the highest level in the banking system, helping the lender to be in the list of 200 groups with the highest profit in the world. Vietcombank's credit growth in 2020 was higher than the general growth rate of the banking system, at 14 percent. This is also the highest credit growth ever of this lender and the highest in the banking industry. The pre-tax profit of Vietinbank also reached VND16.45 trillion, up 43.5 percent over the previous year due to good credit growth. The recent report of Agribank shows that not only did the business results continue to improve, Agribank's administrative costs in 2020 were also being cut by 10 percent, helping the bank's pre-tax profit to touch nearly VND12.87 trillion, VND369 billion, or approximately 3 percent, higher than the plan. It … [Read more...] about Banks continue to lower interest rates further to support economic growth
Ccl sp debt rating
At least three dead in central Madrid building explosion
All available evidence pointed to the blast in Calle Toledo, a street leading out from the city centre, being caused by a gas leak, Madrid’s Emergency Services said, although the factors which triggered the leak were yet to be determined. … [Read more...] about At least three dead in central Madrid building explosion
Nuclear power not under consideration for Vietnam at least for 10 more years
According to the Energy Institute, if Vietnam relies on certain types of fuel when developing its electricity generation system, it will face problems when unexpected events occur, including fuel price fluctuations, political uncertainties and supply cost increases. … [Read more...] about Nuclear power not under consideration for Vietnam at least for 10 more years
Not to put too fine a point on it, fine dust kills
While it is easy to find and read thousands of studies to see the connection between air pollution, fine dust and thermal power plants by researchers from many different countries in international journals, isn’t it surprising that such studies are very rare, if not nonexistent in Vietnam? … [Read more...] about Not to put too fine a point on it, fine dust kills
Hà Nội to focus on promoting trade, industry
Lan said that according to the Resolution of the 17th Hà Nội Party Congress, the industry’s structure in the capital city would change significantly, with construction and industry accounting for 22.5-23 per cent, services by 65-65.5 per cent and agriculture accounting for a very modest proportion. This would have significant impact on the city’s industry and trade sector, Lan said. … [Read more...] about Hà Nội to focus on promoting trade, industry