A majority of the institutions believe the banking system’s liquidity will remain positive in 2019. — VNA/VNS Photo A majority of credit institutions in the country expect an upward trend in their business in 2019 after gaining good results last year, according to a State Bank of Viet Nam’s survey released late last week. Under the business sentiment survey, which covered domestic and foreign commercial banks operating in the country, 86 per cent of credit institutions said their business situation improved in 2018, and 88 per cent hoped it would continue to get better this year, of which 35 per cent anticipated ‘significant improvement’. A majority of the institutions also believe the banking system’s liquidity in terms of both the Vietnamese dong and foreign currencies will remain positive in 2019. They said the rate of non-performing loans out of the outstanding credit balance was kept at a low level last year and tends to decline in 2019. They … [Read more...] about Banks expected to maintain good performance in 2019
Good performance
Hanoi real estate market ends up 2018 brightening picture of good performances
The Hanoitimes - Hanoi`s property market was bolstered by high economic growth and fresh FDI inflows, mostly from Japan. Foreign investment fuels industrial real estate in Vietnam Foreign investment in Vietnam’s real estate rising: CBRE Hanoi’s real estate market lures foreign capital Hanoi’s real estate market performed well in the last three months of 2018 with significant growth in all segments including retail space, offices, apartments, and villas, according to a report by Savills Vietnam. Part of Hanoi. Photo: Asiantoday The good growth of the property market was thanked to the country’s GDP growth rate of 7.1% in 2018, bolstered by robust manufacturing and exports and the strong expansion of the service sector, said the report. The national retail sales of goods increased 12% on year to US$145 billion in 2018. Notably, registered foreign direct investment (FDI) to Hanoi was US$7.5 billion with 29% from Japanese … [Read more...] about Hanoi real estate market ends up 2018 brightening picture of good performances
Cholimex shows robust performance after equitization
Particularly, the company was set to achieve a revenue of VND465 billion and a profit of 66.79 percent in 2018 at its shareholders' meeting. However, the company realized VND571 billion in revenue, completing 122 percent of its target. The company's pre-tax profit reached VND168 billion, up 252 percent compared to the same period last year, exceeding 187 percent of its target of VND90 billion. Average income of its employees has also improved compared to previous years, from VND11.7 million per month in 2015 to VND16.3 million per month in 2018. Cholimex is a state-owned company that was successfully equitized in 2016. It is a typical business in restructuring and renovating and has achieved good performance indicators after equitization. By Che Han - Translated by Thuy Doan … [Read more...] about Cholimex shows robust performance after equitization
Army Corps 4 strives for good task performance for rest of the year
At the meeting, Major General Nguyen Xuan Son, the Corps’ Political Commissar, gave a briefing on the leadership resolution on missions for the second half of the year and the participants voiced their comments on the task performance in the first half and propose solutions to missions in the second half. Major General Nguyen Xuan Son, the Corps’ Political Commissar, gave a briefing on the leadership resolution on missions for the second half of the year In the first six months of this year, the Corps’ Party Committee and Command directed the corps to fulfill all tasks. Accordingly, the Corps maintained and seriously observed regulations on combat readiness, implemented directives and plans of the Ministry of National Defense and the Corps on combat readiness in a timely and full manner, conducted training and exercises as planned and ensured absolute safety during AK shooting lesson 1, grenade throwing contests for recruits as well as built regularity … [Read more...] about Army Corps 4 strives for good task performance for rest of the year
Better safety performance for VN: Climbing the ranks of the world’s safest countries
Better safety performance for VN: Climbing the ranks of the world’s safest countries Keeping people safe is one of society’s most important responsibilities. Safety is about the commitment to doing the right things to protect people, families and communities whether they are in public, on the roads, at work or simply going about their daily lives at home. VietNamNet Bridge would like to introduce an article by safety expert David Wroth, who is Director of Data Science of the Underwriters Laboratories (UL), which makes the annual UL Safety Index. Mr. David Wroth Each year, our organization conducts a global analysis of safety performance, and as a result we have a good indicator of which countries are the best at keeping their citizens safe, which are the most challenged, and which are making progress or falling behind. The UL Safety Index™ is based on data-science and algorithms, and it is designed to help policy makers, leaders and civic organizations … [Read more...] about Better safety performance for VN: Climbing the ranks of the world’s safest countries