Debt equity convertible note

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

In a joint study published in ScienceDirect, a website which provides access to a large bibliographic database of scientific and medical publications of the Dutch publisher Elsevier, scientists from the Chinese Academy of Sciences and Peking University said that in adverse weather conditions, coal-fired power plants cause severe dust pollution (40 µg per cubic meter) that can reach as far as 250 km. … [Read more...] about Not to put too fine a point on it, fine dust kills

We have gone from a few hundreds of millions of dollars worth of trade in 1994 to almost $80 billion today. That exponential growth is extraordinary. The U.S. is Vietnam's largest export market in the world. You're one of our fastest-growing export markets in the world. And there are tremendous opportunities here in Vietnam, especially in healthcare, energy, transportation, infrastructure development, IT sector, many, many others. That's why you see most of our globally leading companies are here to invest or trade. Now, the good news is we've worked really well with Vietnamese partners and in a respectful and cooperative way, we've resolved many of those concerns. … [Read more...] about Vietnam, US share aligned interests, vision: Ambassador Kritenbrink

Congratulating Houngboungnuang on his appointment as Ambassador of Laos to Vietnam, Lich, who is also a Politburo member and Vice Secretary of the Central Military Commission, expressed his belief that the diplomat will excellently fulfill his duties to contribute to the great friendship, special solidarity, and comprehensive cooperation, including in defence, between the two countries. … [Read more...] about Minister vows support for Lao ambassador to promote defence ties

The 13th National Party Congress will review the implementation of the Resolution of the previous congress; 35 years of renovation; 30 years of implementing the 1991 Platform; and the realization of the socio-economic development strategy for 2011-2020. It will outline directions and tasks for the 2021-2026 tenure as well as identify goals and orientations toward 2030 and a national development vision to 2045. The official said he was confident that with this Congress, Vietnam will set a right path for the next period in line with the country’s objectives and specificities, and global trends./. … [Read more...] about 13th National Party Congress – new milestone in Vietnam’s development process