Phu Quoc is the fifth airport in Vietnam to adopt the global trend after Tan Son Nhat in HCMC, Da Nang, Noi Bai in Hanoi, and Cam Ranh in Khanh Hoa Province. … [Read more...] about Phu Quoc Airport goes silent
Seabank registers to list on hose vnexpress international
Hanoi plans new pedestrian street near Thien Quang Lake
Hanoi unveiled its first walking street in Hoan Kiem District in 2004, covering only five streets at the time. By 2021, Hoan Kiem walking streets have been expanded to cover a much larger area, including dozens of streets near the iconic Sword Lake and the Old Quarter. … [Read more...] about Hanoi plans new pedestrian street near Thien Quang Lake
Visa supports online firms amid COVID-19 pandemic
The transition of e-commerce and addressing barriers to digital transformation have been illustrated via the change of business owners, as 71 percent of SMEs in Vietnam said they have adapted to new methods to introduce their products and services to customers since the pandemic broke out, such as setting up e-commerce channels and in delivery. … [Read more...] about Visa supports online firms amid COVID-19 pandemic
Banks continue to lower interest rates further to support economic growth
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