Net interest income (NII) for the first half grew to VND8.1 trillion, up 23 per cent from the same period last year. Net Fee and Commission Income (NFI) was VND2 trillion, posting 57 per cent year-on-year increase. NFI was 16.8 per cent of TOI as compared to 13.8 per cent in the first half of 2019, with a strong contribution from bond underwriting activity during the period. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES AUGUST 3
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AFF Cup delay gives Vietnam advantage of time
Other Southeast Asian countries also benefit from AFF Cup moving to April 2021 as they continue to deal with their own Covid-19 plights. Thai League, for instance, is expected to return in September and conclude in April. And just like Vietnam, Malaysia will have more time to focus on World Cup 2022 qualifiers, lying second in group G, just three points behind the Golden Dragons. Vietnam and Malaysia will clash in perhaps the most intense group game on October 13. … [Read more...] about AFF Cup delay gives Vietnam advantage of time
Two die as storm Sinlaku sweeps through northern provinces
Hanoi (VNA) – Storm Sinlaku, the second of its kind to enter the East Sea since the beginning of this year, has caused two deaths, according to reports from the provinces at a meeting in Hanoi on August 3. One man was killed in a landslide in the northern province of Quang Ninh and the other was swept away by floods in the northern province of Hoa Binh as the storm landed on August 2, bringing torrential rains in northern and north central Vietnam. According to the National Centre for Hydro-Meteorological Forecasting, torrential rains will continue in northern provinces until August 8. The centre also warned of flash floods and landslides in Quang Ninh, Lang Son, Cao Bang, Ha Giang, Lao Cai, Yen Bai, Son La, Phu Tho, Bac Kan, and Thai Nguyen. Deputy General Director of the Natural Disaster Management Authority and Deputy Office Chief of the Central Steering Committee for Natural Disaster Prevention and Control, Nguyen Truong Son required localities to pay … [Read more...] about Two die as storm Sinlaku sweeps through northern provinces
Two killed as heavy rains ravage northern Vietnam
The first storm, Nuri, hit in mid-June. While it id not make landfall in Vietnam, it caused strong winds and heavy rains in several areas, including HCMC. At least one motorbike rider in the city was killed by a falling tree branch during a downpour on June 13. … [Read more...] about Two killed as heavy rains ravage northern Vietnam
Storm Sinlaku kills two, thousands of hectares of crops damaged
Storm Sinlaku ravaged the northern region of Vietnam on Monday, leaving two dead and damaging thousands of hectares of rice and crops. The information was given by the Central Steering Committee for Natural Disaster Prevention and Control. On Monday afternoon, the storm weakened into a low tropical pressure, affecting some northern provinces, including Ninh Binh and Thanh Hoa. A tent collapsed at a construction site in Bai Chay Ward, Quang Ninh Province, killing a 41-year-old worker staying inside at the height of the storm. Meanwhile, a local resident in Hoa Binh Province was swept away by rising floodwaters caused by torrential downpours. The storm has flooded 2,420 hectares of rice and 20 hectares of crops in Ha Tinh. In the Central Highlands province of Lam Dong, the typhoon injured one person and blew over 10 trees. The Central Highlands province of Dak Lak has been hard hit with 930 houses inundated. More than 180 hectares of rice and 4,200 hectares of crop,17,000 … [Read more...] about Storm Sinlaku kills two, thousands of hectares of crops damaged
