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UNDP Resident Representative in Vietnam Caitlin Wiesen said Vietnam was one of only a few countries in the world to post GDP growth in 2020, of 2.91 percent, and for the first time it was ranked by the UNDP as among the High Human Development Group, with growth of 46 percent in its Human Development Index (HDI) during the 1990-2019 period, one of the most rapid transitions to high human development in history. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 21

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

At the same time, NowFood witnessed fast growth in recent years, boasting 70,000 points of sale operating in 16 cities of more than 30 million people. NowFood will offer a discount code worth 20,000 VND for bills of at least 100,000 VND and 20 e-vouchers of 20,000 VND for new-registered food shops on the app. … [Read more...] about Visa supports online firms amid COVID-19 pandemic

However, there have been signs of pork prices increasing again due to the sharp rise in demand. The last days of the 11th month and early days of the 12th month of the lunar year are the time that processors collect meat in large quantities to process sausages and pork pies. The demand at this time is the highest of the year. … [Read more...] about Despite imports from Thailand, pork prices are still going up before Tet

“This kind of response usually comes from people who get offended because they are uninformed and won’t allow themselves to learn because their ego is at stake, so they try to disqualify a person rather than try to understand a point of view that could actually help them. … [Read more...] about Documentary highlights plight of abused animals