Banking stocks help vn index rebound vnexpress international

Techcombank is on track to be among the top ASEAN banks Techcombank’s rise within the Vietnamese banking industry was highlighted last year when it became the first non-state-owned bank to join Vietnam’s billion-dollar profit club. “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 to 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 per cent in 2020 to 50.5 per cent last year, well on its way to the bank’s target of 55 per cent by 2025. Techcombank’s net interest margin, a measure of the difference between the interest … [Read more...] about Techcombank on track for a seat among the top ASEAN banks

Singaporean players Jin Yujia and Wong Jia Ying Crystal  (red) play against  Albo Airah Mae Nicole and Pomar Thea Marie of the Philippines in the women's doubles on May 16 at the Bắc Giang Sports Competition Hall. —  VNA/VNS Photo Danh Lam By Việt Thắng HÀ NỘI – Việt Nam and Singaporean players are heading to the semi-finals in the women's team badminton after successful matches on May 16. The women's team badminton quarter-finals were between Việt Nam and Malaysia, and Singapore and the Philippines at the Bắc Giang Sports Competition Hall. Việt Nam’s players put on a dominant show right from the start, defeating Malaysia’s team in three matches, and losing one match. In the opening game, Nguyễn Thùy Linh, the top seed in Việt Nam’s women's team, used her home advantage and the enthusiastic cheers of local audiences to prevail over her opponent Nurshuhaini Siti (Malaysia). Nurshuhaini was blown away 21-9 and 21-8. Linh said she recognised that her … [Read more...] about S’pore, VN women cruise to badminton semis

Vietnam continues to benefit from its broad re-opening strategy, which saw a huge crowd flocking to tourist hotspots in the country and household spending rebound. Vietnam’s economic recovery is gaining momentum despite heightened global uncertainty related to the protracted war in Ukraine, higher commodity prices, and tightening global financial conditions, according to the World Bank. Cargo handling at Dinh Vu port, Haiphong. Photo: Cong Hung In its latest report, the World Bank pointed out the robust growth of industrial production by 9.4% in April, comparable to pre-pandemic rates. Manufactures of apparel, footwear, electronics, electrical equipment, and metal products were the most dynamic sub-sectors, registering double-digit growth rates, it added. However, machinery manufacturing slowed from 26.6% year-on-year in March to only 5.1% in April. This deceleration was related to supply chain disruptions caused by lockdowns in China, which led to a … [Read more...] about Vietnam’s economic recovery gaining momentum

Truong Hung Long, director of the Department of Debt Management and External Finance under the Ministry of Finance. Improving the national credit rating is implemented with a long-term vision to reduce the cost of capital mobilisation, enhance the country's reputation, and meet the needs of socio-economic development in the future. Truong Hung Long, director of the Department of Debt Management and External Finance under the Ministry of Finance, spoke with Vietnam News Agency about the issues. The Prime Minister has just approved a project to improve the national credit rating by 2030. The Department of Debt Management and External Finance is assigned to develop and implement the project. What will the department do to fulfil this task? The Government issued Decision 304/QD-TTg on February 6, 2013 to approve a project on improving the national credit rating. That created favourable conditions for the Government in accessing the international capital market. It is also a way … [Read more...] about Viet Nam promotes solutions to improve national credit rating

World Elite cardholders will also enjoy complimentary green fees at up to 74 premium golf clubs worldwide, and 50 per cent discounted green fees at 42 premium golf clubs in Asia for World cardholders. — Photo Mastercard Mastercard recently announced the enhanced World and World Elite card programmes, providing affluent consumers in Viet Nam and other Southeast Asia a range of rewards, lifestyle privileges and experiences at home and away. The card programmes also provide an additional security layer with Mastercard ID Theft ProtectionTM that allows cardholders to monitor and be alerted to instances of identity fraud. Cardholders can make the most of benefits like complimentary one-year membership for World and World Elite cardholders to meet wellness goals for the year. The enhancements also provide eligible World Elite cardholders with complimentary unlimited Doctor Chat, Teleconsultation and medicine delivery supplied by Allianz and MyDoc. World Elite cardholders will also … [Read more...] about Mastercard refreshes World and World Elite card programmes