Joint stock commercial bank for foreign trade of vietnam

Hanoi (VNA) - The HCM City Development Joint Stock Commercial Bank (HD Bank) reported impressive results on August 3 for the first half of 2020, with pre-tax profit growing 31.5 percent year-on-year to over 2.9 trillion VND (124.3 million USD). Its non-performing loan ratio was kept firmly under control, at 1.1 percent, the lowest among all the domestic banks. Several indicators for the first half posted strong growth. Total mobilised capital, for instance, reached close to 213.94 trillion VND, a year-on-year increase of 18.2 percent, while total outstanding loans rose 10.3 percent to more than 168.77 trillion VND. The bank also recorded a 22.7 percent increase in total consolidated operating income, exceeding 6.34 trillion VND. This included over 5.66 trillion VND in net interest income; 30.1 percent higher than in the same period last year. Operating costs were well-managed and stood at nearly 2.74 trillion VND, making its cost income ratio (CIR) fall to 43.1 percent from last … [Read more...] about HD Bank’s profit up 31.5 pct. in H1

The Vietnam Bank for Agriculture and Rural Development (Agribank), Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV), Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank), and Military Commercial Joint Stock Bank (MB-Bank) each gave VND5 billion (US$215,627). … [Read more...] about Five banks give Da Nang US$1.07m for COVID-19 fight

Vietnam is currently the 16th-largest trade partner of New Zealand and the two countries boast many advantages from supplementing each other. New Zealand has high demand for importing garments and textiles, footwear, wood, tropical farm produce, and seafood, which are strengths of Vietnam, while Vietnam needs to import milk and dairy products, wine, lamb, fruit, raw wood materials, and materials and accessories for garment-textile and leather-footwear. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES AUGUST 3

The People’s Committee of Ward 12 on Saturday asked that the bank shut down the office as a customer who had visited the venue and come into contact with the staff there had been confirmed to have COVID-19, Eximbank said, without specifying the date of the visit. … [Read more...] about Vietnam’s Eximbank closes transaction office after coronavirus patient’s visit

"If analysts sit down now to predict how the economy will be, and what is going to drive its growth, they will see many problems. Government stimulus packages, which are the foundation of the economy’s recovery, are having difficulties being disbursed. The stock market, however, is benefiting from surplus cash flow in the economy," he said. … [Read more...] about Stock market propped up by excess cash: top brokerage executive