Existing home loan interest rates

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

The Ring Road 3 is a key national project that seeks to boost regional connections and socioeconomic development in HCMC and the southern key economic zone as a whole. It is expected to ease traffic in downtown HCMC and connect it with the provinces of Ba Ria-Vung Tau, Binh Duong, Binh Phuoc, Long An, Dong Nai and Tay Ninh. … [Read more...] about Transportation projects that can fast track HCMC’s Thu Duc City

UNDP Resident Representative in Vietnam Caitlin Wiesen said Vietnam was one of only a few countries in the world to post GDP growth in 2020, of 2.91 percent, and for the first time it was ranked by the UNDP as among the High Human Development Group, with growth of 46 percent in its Human Development Index (HDI) during the 1990-2019 period, one of the most rapid transitions to high human development in history. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 21

"This year's Chinese New Year will be particularly special for all of us -- one that is characterised by many small and heart-warming reunions, whether meeting in person or remotely gifting an e-ang bao. At Amazon, we understand the importance of time, especially as the whole family gets ready for the Chinese New Year festivities. We are working hard to bring our customers a stress-free, convenient shopping experience on Amazon.sg and Amazon Fresh, so they can focus on spending quality time with the ones they love." said Henry Low, Country Manager, Amazon Singapore. "We are also excited to expand our selection with even more local businesses and add to the festive mood." … [Read more...] about Amazon Singapore Ushers in the Year of the Ox with Bountiful Deals on Amazon.sg and Amazon Fresh

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