How to calculate bank interest rates

In the third quarter, MBB reported an increase of 6.1 per cent year-on-year to more than VND6,735 trillion in revenue. The bank’s profit after tax rose 8.3 per cent to VND2.357 trillion. In the first nine months of last year, the profit after tax climbed 6.4 per cent year-on-year to nearly VND6.332 trillion. … [Read more...] about Bao Minh Insurance plans to divest from MBB

He also warned that buyers should think twice about a new development model known as a “farmstay”, which has appeared in satellite provinces in recent years. “Land for farmstays is all agriculture land, which can be used only for farming. If buyers invest in this model, their capital investment would be kept for long time and they would face difficulties when investments cannot be recycled,” Nam added. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 24

However, the corporation implemented drastic and comprehensive restructuring measures. Those included increasing debt purchase of banks according to market principles, switching debts to contributed capital, paying debts by investments that VIMC is in need of divestment, thoroughly handling bad debts and ineffective assets, saving costs, accepting some businesses to file for bankruptcy, focusing on market development and improving efficiency of trade activities. Thanks to greater efforts, VIMC has made profits totaling more than VND1 trillion from seaport services per year since it was equitized, helping it overcome numerous difficulties in maritime transportation. Seaports have become ‘gold mines’ for partners and investors who want to own VIMC’s stocks by investing in the parent company. … [Read more...] about VIMC strives to become regional brand name

Along with the implementation of the Renewal policy, Vietnam has actively participated in and contributed to most important international organisations and forums. In 2019, Vietnam was honored for the second time to be elected as a non-permanent member of the United Nations Security Council for the 2020-2021 term with an almost absolute number of votes in the United Nations General Assembly. … [Read more...] about Egypt’s newspapers highlight Vietnam’s achievements

According to Phan Hoc Hai, in charge of the sanitary worker team under the Ho Chi Minh City Urban Environment Co. Ltd., his team scoops up between seven and 13 metric tons of garbage released into the canal on a daily basis. … [Read more...] about Saigon’s prettiest canal defaced by huge refuse volume