Debt rating corporate

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 addition, its investment partner NSN Construction and Engineering JSC is a pioneering general contractor in the field of building renewable energy plants, with more than 350MWp of solar power projects implemented nationwide. NSN has 17 years of experience in Vietnam and Southeast Asia, with strong financial, technical, and managerial potential. … [Read more...] about 50MWp solar power plant inaugurated in Binh Dinh province

Due to the severe impact of the novel coronavirus (COVID-19) on supply and value chains, the country’s agro-processing industry will need to make adjustments to adapt to shifting consumer behaviour. While logistics are likely to witness a post-pandemic upswing due to the growth of e-commerce and the changing nature of retail, both agro-processing and logistics must embrace digital supply chains. Indeed, they must launch attractive new digital initiatives, with these factors meaning that the need to upskill and reskill local workers is even more urgent. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 21

Prime Minister Nguyen Xuan Phuc paid a visit to the Vietnam Association for Victims of Agent Orange/dioxin (VAVA) on January 20, during which he praised the efforts, activeness and creativity of the association at all levels in protecting the legitimate rights of Agent Orange/dioxin (AO) victims as well as caring and supporting them. … [Read more...] about VIETNAM NEWS JANUARY 21

Indronil Sengupta, president of India Chamber of Commerce in Hà Nội, said: “India has a large pool of scientists and engineers with potential to steer the industry ahead to greater heights,” measuring the market size of Viet Nam, with nearly 100 million of people, had an estimated total value of $7 billion in 2019 and would be growing at 8 per cent till 2024. … [Read more...] about Vietnamese, Indian pharmaceutical enterprises have great opportunities in Viet Nam