"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
Asian cup
Vietnamese language included in Korean school’s career counseling for students
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
Vietnam affirms consistent stance of settling disputes by peaceful means at ADSOM+
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+
Prime Minister Pham Minh Chinh concludes U.S. trip
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
Renewable energy, climate action prioritized in Party official’s visit to Germany
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
SEA Games 31: Malaysia grabs gold medal in rhythmic gymnastics
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