Dragon breath 12 gauge shells

Techcombank’s credit market share increased 86 basis points in the past five years. — Photo nhipcaudautu.vn

Private banks have posted significant growth in credit market share in the past five years.

According to statistics from Viet Dragon Securities Company (VDSC), 26 listed banks by the end of 2020 increased their total credit market share to 71.3 per cent from 65.4 per cent at the end of 2015.

Of which, the group of private banks, whose credit market share is more than 2 per cent each, posted a 3.5 per cent growth in credit market share in the period, VDSC statistics showed.

In which, MBBank ranked first with an increase of 90 basis points, followed by Techcombank and VPBank with rises of 86 and 78 basis points, respectively.

The three banks also had compound annual credit growth of more than 20 per cent while their capital adequacy ratios also topped the list.

Sacombank was the only bank to lose credit market share with a reduction of 2 basis points.

VDSC’s statistics also showed banks made a strong shift to corporate bonds in 2020 so as to spur credit growth in the year when loan demand was affected adversely. The contribution rate of corporate bonds to banks’ credit growth in 2020 ranged from 20-38 per cent.

According to VDSC, Viet Nam’s economy has been heavily dependent on credit. Therefore, to maintain the country’s GDP growth rate of 6-8 per cent in the coming years as projected, VDSC estimated the credit growth of the banking industry to stay at double digits.

VDSC forecast credit growth of the banking industry this year would be 13.1 per cent on average. Major private banks, including Techcombank, MBBank, VPBank and ACB, are expected to maintain their credit growth higher than the industry’s average rate.

The State Bank of Viet Nam (SBV) targeted a credit growth rate of 12 per cent this year, equivalent to the growth of 12.13 per cent last year. However, it said the goal was not a fixed figure, as it might adjust it if necessary.

According to SBV Deputy Governor Dao Minh Tu, in case the COVID-19 pandemic is totally controlled, and the economy needs fast recovery, leading to increased credit demand, the SBV will expand credit to support businesses and economic recovery. Vice versa, if there are signs that the economy needs tighter control to curb inflation, the credit growth will be slashed.

The support for businesses during the post-pandemic period was defined as one of the major tasks of the banking sector in 2021, Tu noted. — VNS

An inspection team for pandemic prevention led by Quang Ninh Provincial Party’s Committee Secretary, cum Chairman of Provincial People’s Council, Nguyen Xuan Ky makes a survey in the aiport .

A worker is disinfecting a terminal.

By P.Nam – Translated by Kim Khanh

* China and India should firmly follow the right path of mutual trust and cooperation between neighboring major countries, and not go astray with suspicion and distrust nor fall back on a road of negative retrogression, Chinese State Councilor and Foreign Minister Wang Yi said Thursday. Wang made the remarks in a telephone conversation with Indian External Affairs Minister Subrahmanyam Jaishankar, stressing that the two sides should maintain the strategic consensuses reached by their leaders.

* As COVID-19 transmission rates seemingly decline across the European Region, the World Health Organization (WHO) Regional Director for Europe Hans Kluge expressed health concerns over “long-COVID” or “post-COVID” symptoms at a virtual press conference on Thursday.

* Russian President Vladimir Putin discussed the situation in Armenia in a telephone conversation with Armenian Prime Minister Nikol Pashinyan on Thursday, the Kremlin said.

* The Pentagon confirmed on Thursday that the US military had conducted airstrikes against infrastructure utilized by Iranian-backed militant groups in eastern Syria. The Pentagon called the operation a “proportionate military response” carried out after consultations with coalition partners.

* China approved two more vaccines for public use, raising the number of domestically produced vaccines that can be used in China to four.

* Japan on Friday is preparing to lift the state of emergency over COVID-19 for five prefectures where the situation has improved, although the Greater Tokyo metropolitan area will likely be kept under the emergency period for the time being, according to government sources.

* The Department of Health (DOH) of the Philippines reported on Friday 2,651 new COVID-19 cases, the highest daily increase since Oct. 17 last year, bringing the total number of confirmed cases in the Southeast Asian country to 571,327.

* Leaders of the European Union (EU) called for an accelerated production and delivery of COVID-19 vaccines late on Thursday as the bloc is struggling with supply shortfalls.

* Brazil surpassed 250,000 COVID-19 deaths, while France and Germany said COVID-19 is here to stay after European Union leaders discussed ways to fight new variants of the virus, step up inoculations and save Europe’s tourism industry from another ruinous summer.

* Europe’s medicines regulator issued new guidance for drug makers that modify their vaccines to protect against variants of the virus to speed up the approval process.

* France will bring in new restrictions for the Moselle area around its common border with Germany, and impose measures including weekend lockdowns in Paris and 19 other regions from the start of March if signs of the coronavirus accelerating persist.

* Australia’s Victoria state will start easing restrictions from Friday night.

* Republic of Korea launched its inoculation campaign, with shots to be administered in some 200 nursing homes.

* US President Joe Biden’s administration plans to launch a campaign to educate Americans about vaccines in anticipation of a period later this year where supply may outstrip demand because of vaccine hesitancy.

* Brazil will purchase 20 million doses of the vaccine made by India’s Bharat Biotech for delivery between March and May.

* Canada’s vaccination campaign is ramping up after earlier supply disruptions and the number of inoculations last week hit a five-week high.

* Pfizer and BioNTech said they are testing a third dose of their vaccine to better understand the immune response against new variants of the virus.

* Mexico’s economy grew quicker than first estimated during the fourth quarter as the country recovered from its sharpest economic contraction in nearly nine decades.

* Australia’s greenhouse gas emissions have fallen to the lowest level since 1995 as coronavirus restrictions limited travel. Data released by the Department of Industry, Science, Energy and Resources on Friday revealed that emissions fell by 4.4 percent in the 12 months to September 2020.

* Security personnel of the Indian Coast Guard (ICG) rescued more than 80 Rohingya refugees who had been onboard a boat drifting in the waters of Andaman Sea for 10 days, and retrieved eight dead bodies.

* Republic of Korea’s quarantine authorities said Friday that it will extend the country’s five-tier social-distancing rules at the third-highest level in the Seoul metropolitan area for two weeks.

* US President Joe Biden said on Thursday that he would work to make US-Saudi relations “as strong and transparent as possible.” Biden made the remarks in the first phone conversation with Saudi Arabia’s King Salman bin Abdulaziz Al Saud since Biden’s inauguration.

* Germany’s Ministry of Transport and Digital Infrastructure said on Wednesday that more than EUR5 billion (US$6.1 billion) would be invested in the modernization of over 3,000 railway stations across the country.

* Colombian President Ivan Duque announced a decision Thursday night to extend a declared national health emergency due to the COVID-19 pandemic by three more months, as the vaccination drive entered its eighth day.

* AstraZeneca boss Pascal Soriot said he hoped to meet the EU’s expectations on the number of vaccines the company can deliver to the bloc in the second quarter.

* The Czech prime minister said people’s movement needed to be “radically” limited over at least the next three weeks.

* Portugal extended until at least mid-March a nationwide lockdown.

* The African Union is backing calls for drugmakers to waive some intellectual property rights on COVID-19 medicines and vaccines.

* Israel has frozen its programme to send vaccines abroad to buy international goodwill, Defence Minister Benny Gantz said, after the initiative came under legal scrutiny.

* Bahrain has approved Johnson & Johnson’s one-dose vaccine for emergency use.

On the first day, tons of agricultural products were available at General Merchandise Store & Supermarket (GMS) AEON – Long Bien, AEON – Ha Dong and AEON MaxValu Express Riverside Supermarket (Thanh Xuan, Hanoi), AEON MaxValu Express EcoPark Supermarket (Hung Yen).

These products including cabbage, kohlrabi, carrots, tomatoes, guava pears, … are packed in bags of 4-5 kg ​​or more with the same price of 30,000 VND / bag. AEON Vietnam purchased products for “rescure” from VietGAP certified farming suppliers and cooperatives in order to bring safe and quality products to consumers from Hai Duong province.

Representative of AEON Vietnam, Ms. Tran Thu Quynh – Northern Merchandising General Manager, said: “Understanding the difficulties of farmers in Hai Duong, AEON Vietnam would like to join hands to support and promote the consumption of their agricultural products. We hope that Covid-19 situation will be more positive, and lives of the people here will become stable again.

In the complicated context of the Covid-19, AEON Vietnam keeps maintaining and strengthening prevention measures in accordance with government regulations at all of its business locations nationwide as well as during the transportation of agricultural products. It is AEON Vietnam’s effort in ensuring a safe and secure shopping environment for customers and joining hands with the community to prevent the epidemic.

In February 2020, AEON Vietnam also participated in the activity of “rescue” agricultural products for farmers in the Southern provinces. In only 05 days (1/2 – 5/2/2020), the company has supported to consume nearly 20 tons of dragon fruit and nearly 60 tons of watermelon.

Aiming to be a needed retailer, AEON Vietnam is constantly striving to meet the needs of customers, enrich their lifestyle and contribute to the socio-economic development of Vietnam.

PV

Twenty-seven more COVID-19 patients in Hai Duong province have been give the all-clear from coronavirus SARS-CoV-2 (Photo: VNA)

The new infections brought the total number of patients in the country to 2,426, including 831 domestically-transmitted cases since new outbreaks hit Vietnam on January 27, according to the National Steering Committee for COVID-19 Prevention and Control.

By the afternoon of February 26, 10 provinces and cities, which had been previously struck by the latest outbreaks, had seen no new locally-transmitted cases for 14 days, including Hoa Binh, Dien Bien, Ha Giang, Binh Duong, Hung Yen, Bac Giang, Gia Lai, Bac Ninh, Quang Ninh and Ho Chi Minh City.

The Subcommittee for Treatment reported that 35 more patients were declared to recover from the disease on February 26, raising the total number of recoveries to 1,839.

Meanwhile, the number of deaths related to COVID-19 was still kept at 35.

Among active patients undergoing treatment at medical establishments, 45 tested negative for coronavirus SARS-CoV-2 once, 60 twice and 72 thrice.

As many as 76,495 people who had close contact with confirmed patients or entered Vietnam from pandemic-hit region are being quarantined nationwide, including 580 in hospitals, 12,038 in concentrated quarantine establishments and the remaining 63,877 at their residences./. VNA