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"Even in the very tough environment we are seeing, our employees have maintained a high quality and reliable service for our customers and this is helping us deliver stellar performance year after year," said Jens Lottner, CEO of Techcombank. Last year, the bank continued to reduce costs while focusing on building deposits in its current accounts and savings accounts (CASA), which Lottner described as a "stable and cheap" source of funding. Techcombank’s CASA ratio, which reflects the percentage of the bank’s total deposits that are CASA, jumped from 46.1 percent in 2020 to 50.5 percent last year, on its way to the bank’s target of 55 percent by 2025. Techcombank’s net interest margin (NIM), a measure of the difference between the interest received by the bank and the amount paid out to lenders, also increased 69 basis points to 5.6 percent during the year. "Together, these improving metrics, along with our effective cost management, translated into an excellent profit before tax … [Read more...] about Techcombank eyes seat at top Southeast Asian banking table

At the conference (Photo: SGGP) The Center for linking production, processing, and consumption of agricultural products in Can Tho City was established with the expectation that by 2050, it will become the central transport node in large metropolitan areas with smart technology. The center will be the focal point of the chain of smart production, processing, and consumption centers in the region. In this link chain, about 50 percent - 70 percent of the production processes are done automatically and intelligently. Speaking at the conference, Chairman of the Can City People's Committee Tran Viet Truong said this is an important conference to get opinions from ministries, sectors, and localities in the region, step by step perfecting the project in the most feasible direction before submitting it to the Government. The Center aims to contribute to the construction of Can Tho City into the central city of the Mekong Delta region, contributing to the development of the region’s … [Read more...] about Center hoped to help link, consume agricultural products in Mekong Delta

Principal Song Hyun-seop said Vietnamese has been included in the school’s curriculum as a second foreign language since April 2019. Explaining this decision, he said Vietnam and the RoK enjoy many historical and cultural similarities, noting that the Ly clan from the Southeast Asian nation came to his country very early, forming the first foundation for bilateral connectivity. Over the last 30 years, Korean enterprises have poured huge investment into Vietnam, which has created a large Korean community in Vietnam. In return, there are also many Vietnamese people in the RoK. Therefore, the Vietnamese language skills have become highly useful, and including it in career counselling for high school students is of great necessity for them to gain momentum for learning and future development, Song noted. With the employment of two Vietnamese-language teachers who have high capacity and deep understanding of the Korean culture, Myeonmok has held weekly meetings with all of its … [Read more...] about Vietnamese language included in Korean school’s career counseling for students

Vietnamese Deputy Defense Minister Senior Lieutenant General Hoang Xuan Chien affirmed that while delivering a speech at the ASEAN Defense Senior Officials’ Meeting Plus (ADSOM+) in Phnom Penh on May 18. The Vietnamese deputy defense minister also emphasized that the security and safety of navigation and aviation in the East Sea (or South China Sea) is extremely important for countries in the region and the Association of Southeast Asian Nations (ASEAN). Therefore, it is essential to observe the Declaration of the Conduct of Parties in the East Sea (DOC) and accelerate the early signing of a practical and effective Code of Conduct in the East Sea (COC). The head of the Vietnamese delegation expressed his wish that all countries would settle conflicts and disagreements by peaceful means, on the basis of respecting international law and the United Nations Charter as well as ASEAN's basic principles. He added that besides emerging non-traditional security challenges, there have been … [Read more...] about Vietnam affirms consistent stance of settling disputes by peaceful means at ADSOM+

The trip has contributed to promoting the relations between the Association of Southeast Asian Nations (ASEAN) and the U.S., and between Vietnam and the U.N. and the U.S., while affirming Vietnam’s role and prestige in the international arena. During his week-long stay in the U.S., the PM visited the four cities of Washington D.C, Boston, New York, and San Francisco, with more than 50 activities. He attended and delivered speeches at the summit, and met with ASEAN leaders, including his counterparts from Laos, Cambodia and Singapore, and the Indonesian President. Chinh also had meetings with U.N. Deputy Secretary-General Amina J. Mohammed, UNICEF Executive Director Catherine Russel, President of the U.N. General Assembly Abdulla Shahid and Administrator of the U.N. Development Program (UNDP) Achim Steiner. He met President Joe Biden, and received senior officials of the U.S. government such as Secretary of State Antony Blinken, Secretary of Commerce Gina Raimondo, Secretary of … [Read more...] about Prime Minister Pham Minh Chinh concludes U.S. trip

Thang co-chaired the seventh theory dialogue between the Communist Party of Vietnam (CPV) and the Social Democratic Party of Germany (SDP), during which the two parties exchanged views on a number of both theoretical and practical matters. Discussions have placed an emphasis on Vietnam’s energy transition strategy to ensure national energy security and fulfill international commitments; developing green agriculture in Vietnam in the era of the Fourth Industrial Revolution; green growth and climate resilient models in some Vietnamese localities; and the path towards an eco-social market economy and advantages and challenges to energy transition and green agriculture development in Germany. The Vietnamese official also had a meeting with SPD Co-leader Lars Klingbeil. He spoke highly of the long-standing friendship between the two parties and the SPD’s efforts in co-hosting the seventh dialogue, and proposed both sides to further expand their relations in the coming time, contributing … [Read more...] about Renewable energy, climate action prioritized in Party official’s visit to Germany

Flexibility is required in handling raw material issues for power plants and easing coal supply pressures, Photo: Shutterstock Thai Binh Thermal Power Plant under Electricity of Vietnam (EVN) has been in a coal shortage since the beginning of 2022. Ta Trung Kien, director of the plant, said that the volume of coal delivered “has been reduced significantly” compared to the signed contract. Vinacomin Group and Dong Bac Corporation – two of the coal suppliers for the Thai Binh Thermal Power Plant – delivered only just over 74 per cent of the monthly plan. “The two units of our plant need about 6,400 tonnes of coal per day. Due to a lack of coal, the plant was forced to use backup coal to maintain the operation. By the end of the first quarter, these reserves were at just about 14,000 tonnes, much lower than the required norm of 80,000 tonnes,” Kien said. Many other plants are facing similar problems, including Nghi Son 1, Vung Ang 1, Vinh Tan 2, and Duyen Hai 1, which currently … [Read more...] about Nation lacking coal supply for sufficient power generation

Vietnam achieved decent growth in the first quarter despite global geopolitical instability. The socioeconomic statistics report for the first quarter of 2022 of the General Statistics Office published on March 29 stated that GDP in the first quarter was estimated to increase by 5.03 per cent over the same period last year. A day before the report, Fitch Ratings forecast that Vietnam’s growth would recover to 6.1 per cent in 2022 and 6.3 per cent in 2023 thanks to increased domestic consumption, exports, and investment inflows. For the nation’s economic progress, the Power Development Plan VIII (PDP8) is the basis to guarantee the stability of Vietnam’s power source system. According to the Ministry of Industry and Trade (MoIT), by the end of 2021, the total installed capacity of renewable energy sources reach around 20,670MW, accounting for 27 per cent of the total installed capacity of the whole system (76,620MW). Finding the spark to ignite energy goals, illustration … [Read more...] about Finding the spark to ignite energy goals

President Nguyễn Xuân Phúc (right) meets Speaker of the Singaporean Parliament Tan Chuan-Jin on Thursday. VNA/VNS Photo HÀ NỘI — Speaker of the Singaporean Parliament Tan Chuan-Jin said Singapore’s Prime Minister wants to visit Việt Nam in 2023 when the two countries celebrate the 50th anniversary of the establishment of diplomatic relations, during his meeting with Vietnamese President Nguyễn Xuân Phúc on Thursday. President Phúc said that the presence of Speaker Tan at the 31st SEA Games provides great encouragement to the host country Việt Nam and the Singapore sports delegation. The Vietnamese leader praised the good results of talks between Vietnamese NA Chairman Vương Đình Huệ and his Singaporean counterpart. Assessing that trade growth between the two countries is very positive, with more Singaporean projects investing in Việt Nam, the President said that the Vietnam Singapore Industrial Park is considered a symbol of economic cooperation between the two countries. … [Read more...] about Việt Nam, Singapore to strengthen cooperation ahead 50th anniversary of diplomatic relations

Gymnast Koi Sie Yan of Malaysia (Photo: nhandan.vn) Hanoi (VNA) – Gymnast Koi Sie Yan of Malaysia won gold in rhythmic gymnastics at the ongoing 31st Southeast Asian Games (SEA Games 31) on May 19. gymnastics event is over due to a very tight training and competition schedule. Though she did not have time to visit interesting places or watch other competitions, Koi said staying at Lotte Hotel is a great experience for me and my friends in the Malaysia n team because the accommodation conditions are really good and impressive.” SEA Games 31 , themed “For a Stronger Southeast Asia”, is being held in Hanoi and 11 neighbouring provinces and cities until May 23. VNA … [Read more...] about SEA Games 31: Malaysia grabs gold medal in rhythmic gymnastics