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
Combined ontario and federal corporate tax rates
Sun World: The perfect combination of top entertainment art and the world culture
Ba Na enables tourists to live in the middle of ancient and romantic France. It also enables tourists to enjoy Russian cuisine in the cold weather in the afternoon. Beer Plaza square in Ba Na facilitates an unforgettable experience with your friends with the excellent German beer when the sun rises. Coming to Ba Na, you can enjoy to the fullest extent the endless fun and enjoyment of charming European culture from previous decades which is intact before your eyes. … [Read more...] about Sun World: The perfect combination of top entertainment art and the world culture
Mondelez Kinh Do launches Tet campaign
Consumers can buy Mondelez Kinh Do's Tet products from various channels across the country, including grocery stores, convenience stores and supermarkets. In addition, consumers can buy easily through e-commerce channels such as Tiki, Shopee, Lazada, Grab. … [Read more...] about Mondelez Kinh Do launches Tet campaign
50MWp solar power plant inaugurated in Binh Dinh province
After nearly six months of construction and installation, withstanding weather challenges and the COVID-19 pandemic, My Hiep Solar Power Plant was officially energised on December 11, 2020. The plant is expected to provide the national grid with 82 million kWh of electricity a year, contributing to reducing CO2 emissions to the environment by about 54,000 tonnes a year. … [Read more...] about 50MWp solar power plant inaugurated in Binh Dinh province
VIETNAM BUSINESS NEWS JANUARY 21
“While applications of 4IR technologies will help the country move up the value chain in products and services, Vietnam should consider new approaches to ensure inclusion and social protection for entry-level workers, especially those at risk of job displacement, and those who need upskilling,” said Andrew Jeffries, country director for Vietnam of ADB. “Adequate and timely investments in skills development can help the country not only to harness the potential of 4IR to increase productivity but also ensure that 4IR will benefit workers at large.” … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 21