Senior level debt

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’s police begin the task of ensuring security for the 13th National Party Congress Addressing the conference, Chairman of the municipal People’s Committee Chu Ngoc Anh asked the police force to strictly implement directions from the Party Central Committee, the Government, the Ministry of Public Security, and the sub-committee for ensuring security, order, and safety for the congress. … [Read more...] about VIETNAM NEWS JANUARY 21

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