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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

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

Due to the severe impact of the novel coronavirus (COVID-19) on supply and value chains, the country’s agro-processing industry will need to make adjustments to adapt to shifting consumer behaviour. While logistics are likely to witness a post-pandemic upswing due to the growth of e-commerce and the changing nature of retail, both agro-processing and logistics must embrace digital supply chains. Indeed, they must launch attractive new digital initiatives, with these factors meaning that the need to upskill and reskill local workers is even more urgent. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 21

"We believe the schools have to adapt to the needs of Generation Alpha who are heavily device dependent and impart them with skills to learn that will be relevant for the next 20 years. Our new campus will enrich students to overcome challenges of the future," said Kotaro Tamura, Advisory Board Member of GSF. … [Read more...] about One World International School to launch new, fully Digital Campus in Punggol

The three companies entered into a Memorandum of Understanding to create better connectivity between China and UkraineA China-Ukraine transport corridor will bring European customers closer to businesses in Asia SHANGHAI, CHINA - Media OutReach - 21 January 2021 - DHL Global Forwarding ("DHL"), the international freight specialist arm of Deutsche Post DHL Group, Ukrainian Railways, and the Center of Transport Service Liski (CTS Liski), the logistics division of Ukrainian Railways, signed a Memorandum of Understanding (MOU) to develop rail connectivity between China and Ukraine. The three companies will endeavor to create better connectivity between the two continents to facilitate trade, namely from Asia via China to Ukraine and other European markets, and from Europe via Ukraine to China and other Asian markets. … [Read more...] about DHL, Ukrainian Railways and Center of Transport Service Liski to drive rail connectivity between China and Ukraine