Reflecting subordination risk in corporate issue ratings

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

Epson has introduced a pioneering industrial direct-to-garment printer with bulk ink system, the Epson SureColor SC-F3030, which offers medium to large garment print service providers and T-shirt manufacturers a cost-efficient printing solution. … [Read more...] about Epson launches 1st industrial DTG printer with bulk ink system for garment printers

The project does not only contribute to adding clean and environmentally-friendly energy to the national grid but also contributes to the socio-economic development of Phu My district and Binh Dinh province. To support socio-economic development in the province, project owner Vietnam Viet Renewable Energy JSC awarded VND1 billion ($43,480) to Van Thien and Van Phuoc Tay villages of My Hiep commune to build roads, contributing to improving local infrastructure and the quality of life of locals. … [Read more...] about 50MWp solar power plant inaugurated in Binh Dinh province

In the middle of his last night at the White House, Trump pardoned or commuted the sentences of 73 people including close allies and lifted a ban on his administration's officials serving as lobbyists -- an order he had issued at the start of his presidency as he vowed to "drain the swamp" of Washington. … [Read more...] about ‘Democracy has prevailed’: Biden begins U-turn from Trump