Bank

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

“We’re thrilled to announce this partnership to help millions more Clients in Vietnam achieve lifetime financial security and live healthier lives with Sun Life,” said Mr. Léo Grépin, President, Sun Life Asia. Mr. Larry Madge, CEO, Sun Life Vietnam added, “ACB is a leader in Vietnamese banking and shares our focus on delivering exceptional Client experience, leveraging digital and analytics, and providing innovative solutions. We look forward to working with ACB to secure a brighter future for their Clients in Vietnam.” … [Read more...] about Asia Commercial Joint Stock Bank and Sun Life Vietnam announce a 15-year exclusive bancassurance partnership in Vietnam

"The sleeping beauty by Vam Co River" Rarely does a province in the southeast of Viet Nam have as much potential and favourable conditions for tourism development as Tay Ninh. Located in Viet Nam's Southern Key Economic Region with a 240-kilometre-long border with Cambodia, Tay Ninh is home to 16 border gates, including two international border gates (Moc Bai and Xa Mat) directly connecting HCM City and Cambodia's capital Phnom Penh. Known as the holy land of Caodaism, Tay Ninh is also located on the Trans-Asia route - an important arterial road in organising tours and tourist routes of Viet Nam to ASEAN countries and vice versa. … [Read more...] about Awakening the sleeping beauty on the banks of the Vam Co Dong River

According to a Visa report, online business may be a tough nut to crack for SMEs. Therefore, the company is able to support them through collaboration with popular e-commerce partners, including Shopee - the leading e-commerce platform in South East Asia and Taiwan; and NowFood, a pioneer in food delivery operating across Vietnam. … [Read more...] about Visa supports online firms amid COVID-19 pandemic

HCM City (VNA) – Ho Chi Minh City has rising demand for part-time and seasonal workers as the traditional Lunar New Year (Tet) Holiday approaches. According to the city Youth Employment Service Centre (Yes Centre), there are a variety of seasonal jobs for workers and students such as cashiers, chef assistants, salesmen at supermarkets, security guards, shippers, and restaurants servants, among others. Workers are hired for 25,000 – 50,000 VND (1.08-2.17 USD) per hour, or 6 million VND per month and other allowance during Tet. The Yes Centre has worked with many businesses to provide more than 2,000 jobs for workers and youths in need, while the city Student Assistance Centre is offering over 3,000 jobs for students during Tet holiday. Together with job centres, many local universities like HCM City University of Agriculture and Forestry, Banking University HCM City, and University of Natural Sciences are carrying out various programmes to offer seasonal jobs to … [Read more...] about HCM City needs thousands of seasonal workers during Tet