Report

For the whole year of 2019, consolidated net interest income reached VND9.747 trillion ($423.78 million), an increase of 27.5 per cent compared to 2018. Net interest margin (NIM) expanded sharply, increasing from 4.2 per cent at the end of 2018 to 4.8 per cent, which made HDBank one of the banks with the highest NIM on the market. Income from the provision of services increased strongly by 36 per cent to VND596 billion ($25.9 million). The strong growth of these main sources of income has helped HDBank’s TOI to achieve VND11.388 trillion ($495.13 million) for the first time in history, increasing by 20.6 per cent. Meanwhile, the provision expenses for credit losses have been controlled at a low level, thanks to the best asset quality in the industry. The operating costs to income ratio (CIR) continued to improve, reaching 44.6 per cent, significantly better than the 47 per cent of 2018. … [Read more...] about HDBank reports profit at $218.1 million

Additionally, some others also reported a sharp decrease in net profit after review. For example, Kinh Bac City Development Holding Corporation (HSX: KBC) has just announced a 73 per cent drop in after-tax profit in its first-half financial statement, from VND55 billion ($2.4 million) to VND15 billion ($652,200). … [Read more...] about Real estate giants report heavy losses

The Covid-19 pandemic has interfered with marketing, advertising and selling activities for property products, sending the revenue of many property firms down, Chau said, adding that multiple firms have even incurred heavy losses as costs of management and investment and loan rates have soared. … [Read more...] about Real estate reports highest number of suspended firms

A driver provides hand sanitizers to passengers. Vietnam has not recorded any new Covid-19 cases from community transmission for the eighth straight day - PHOTO: VNA HCMC – Vietnam has not recorded any new Covid-19 cases from community transmission for the eighth straight day, putting the country’s tally at 1,059 as of Thursday morning, September 10. … [Read more...] about Vietnam reports no community-transmitted Covid-19 cases for 8th consecutive day

Of the recovered patients, four were from the Đà Nẵng Hospital for Lung Diseases and another four were from the Regional Hospital in Quảng Nam. Three were from the Hải Dương Hospital for Tropical Diseases, two from the Khánh Hoà Hospital for Tropical Diseases, and one from the Huế Central Hospital. … [Read more...] about Five new imported cases, 14 recoveries reported Tuesday night