Director of strategic partnerships

Techcombank, on the other hand, capped a positive earnings for the first quarter of VND2.5 trillion ($108.7 million) despite the market volatility – a nearly 20-per-cent increase compared to last year. It was also one of a few banks recording upbeat performance in Vietnam, but still maintaining sound operational safety ratios. Techcombank’s foreign investors include Norges Bank – the central bank of Norway which also manages the Norwegian government’s pension fund. However, it is still too early to say if Norges Bank would further inject capital into Techcombank, as they “do not comment on single investments,” Line Aaltvedt, manager of Communications and External Relations at Norges Bank, told VIR. … [Read more...] about Upcoming EVFTA to fortify lenders

The diplomat also expressed his belief that the extensive strategic partnership between the two countries will continue to develop strongly in the coming time, promising that he will always do his best to contribute to promoting the Vietnam-Japans friendship and cooperation./. … [Read more...] about Latest Coronavirus News in Vietnam & Southeast Asia May 30

In addition, the Government cautiously recommended the NA consider and adopt the guideline on several specific mechanisms and policies to revive the economy in the new situation. Accordingly, the Government asked for the NA’s permission to proactively adjust the 2020 public investment plans among ministries, sectors and localities within the expenditure estimate on development investment; convert the investment mode for important transport projects from that of a public-private partnership to the use of the state budget; exempt and reduce a number of tax obligations concerning the areas and subjects suffering heavy losses due to COVID-19; postpone the increase of basic salary for civil servants, public employees and the armed forces and pensions from July 1, 2020; and consider launching new economic stimulus packages if the pandemic continues to be prolonged on a global scale. … [Read more...] about BUSINESS NEWS HEADLINES MAY 30