Issuer rating vs senior unsecured

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

Hanoi (VNS/VNA) - The cold weather which has hit the northern region with temperatures of 8 to 10 Celsius degree has reportedly been accompanied by a surge in the number of people suffering from strokes. Dao Viet Phuong, from Bach Mai Hospital’s Stroke Centre, said the centre has received 2,000 stroke patients since it was established in November. More people have recently also been taken to the National Geriatric Hospital (NGH) and the 108 Military Hospital. Nguyen Danh Cuong, deputy head of the Emergency and Stroke Department of the NGH, said the cold snap was the reason for an escalation in the number of senior citizens hospitalised for emergency treatment. The hospital admitted 50-60 patients a day compared to 30-40 on normal days. Most of them are serious cases with blood pressure problems, heart diseases and strokes; some even need a ventilator, he said. "As the organs of the elderly are ageing, they are more susceptible to … [Read more...] about Cold weather raises the risks of stroke, say doctors

People working in customer contact positions should wear masks properly, limit handshakes and keep a distance of about one metre when in contact with customers. People should not enter service areas if they show signs of fever or cough, difficulty breathing, fatigue or are in home quarantine following the request of health authorities. … [Read more...] about VIETNAM NEWS JANUARY 21

All available evidence pointed to the blast in Calle Toledo, a street leading out from the city centre, being caused by a gas leak, Madrid’s Emergency Services said, although the factors which triggered the leak were yet to be determined. … [Read more...] about At least three dead in central Madrid building explosion

According to the Energy Institute, if Vietnam relies on certain types of fuel when developing its electricity generation system, it will face problems when unexpected events occur, including fuel price fluctuations, political uncertainties and supply cost increases. … [Read more...] about Nuclear power not under consideration for Vietnam at least for 10 more years