Hanoi-headquartered Techcombank recorded another year of stellar financial performance and growth in 2021, while continuing to support its customers, employees and communities in Vietnam, especially those impacted by the Covid-19 pandemic. In 2021, the bank recorded VND37.1 trillion (over $1.6 billion) in its total operating income, up 35.4 percent year-on-year. The bank’s profit before tax (PBT) rose to VND23.2 trillion. The company has achieved double-digit PBT growth for five consecutive years, at a compound average growth rate (CAGR) of 50 percent between 2016 and 2021. The bank’s performance remained resilient despite Covid-19 casting its shadow on the local markets and causing disruption to businesses and people’s lives. Techcombank grew its total assets by 29.4 percent, to VND568.7 trillion, and delivered an "industry-leading" return on its assets of 3.7 percent, according to the bank. It has also been able to maintain an impressive current account and savings account … [Read more...] about Digital, data and human excellence key components in Techcombank’s transformational journey
Vibrant digital future summit
Vietnam to host international Blockchain summit in July
VINASA and VBU are discussing details of the upcoming summit in the press conference. (Photo: SGGP) The summit will welcome over 2,500 national and international delegates from government ministries and agencies, businesses, investment funds and organizations. Speakers in the summit are leaders of major blockchain enterprises, managers, senior experts in the field. Vietnam Blockchain Summit 2022 is held to accompany the Government, ministries, state agencies, and enterprises in promoting the use of blockchain technology in Vietnam, introducing the development of this advanced technology nationwide in order to attract more investors and blockchain developers in the region and the world. General Secretary of VINASA Nguyen Thi Thu Giang shared that blockchain is now considered a revolutionary technology, similar to the birth of the Internet. It is still in the first stage of development, with much research and selection on suitable infrastructure, platforms as well as … [Read more...] about Vietnam to host international Blockchain summit in July
Vietnamese PM wants major countries to respect ASEAN’s central role, int’l laws: US-ASEAN Summit
US President Joe Biden meets with ASEAN member countries' leaders during the US-ASEAN Special Summit on May 13 (US time) in Washington DC. — VNA/VNS Photo Dương Giang HÀ NỘI — Vietnamese Prime Minister Phạm Minh Chính said he hopes major powers, who are all partners to the Association of Southeast Asian Nations (ASEAN), to work towards stable relations and responsible, healthy competition, for the sake of regional and global peace and security. The Vietnamese Government leader made the statement as he addressed the highly anticipated US-ASEAN Special Summit on Friday (May 13, US time), the first one to have been held in Washington DC during the 45 years of US-ASEAN partnership. The summit includes a meeting between ASEAN leaders and US President Joe Biden, a session between ASEAN leaders and US Vice President Kamala Harris on maritime security and COVID-19, and a session between ASEAN leaders and the US cabinet on climate, clean energy, and infrastructure. US leaders have … [Read more...] about Vietnamese PM wants major countries to respect ASEAN’s central role, int’l laws: US-ASEAN Summit
US officials speak on ASEAN – US Special Summit
The ASEAN - US Special Summit takes place in Washington D.C. on May 12 - 13. (Photo: VNA) Hanoi (VNA) – A US official has described the recent ASEAN - US Special Summit as a “tremendous success” while addressing a press briefing held by the Asia Pacific Media Hub of the US Department of State’s Bureau of Public Affairs on May 17. Daniel J. Kritenbrink , Assistant Secretary of State for East Asian and Pacific Affairs, was cited by state.gov of the US Department of State, as saying that this was the largest in-person summit of the Biden - Harris administration to date, and it displayed the full breadth and depth of the US’s foundational relationship with ASEAN. He said the core driver of the ASEAN - US partnership is their combined 1 billion people, including over 7 million Americans with ties of family and heritage to the countries of Southeast Asia. The Educational and Cultural Affairs Bureau and US universities are doing throughout Southeast Asia to strengthen … [Read more...] about US officials speak on ASEAN – US Special Summit
US-ASEAN summit marks ‘new era’ for ties: Biden
Addressing the second day of a two-day meeting, Biden said "a great deal of history of our world in the next 50 years is going to be written in the ASEAN countries, and our relationship with you is the future, in the coming years and decades." The summit marks the first time that ASEAN leaders gathered as a group in Washington and their first meeting hosted by a U.S. president since 2016. The Biden administration hopes the effort will show that Washington remains focused on the Indo-Pacific and the long-term challenge of China, which it views as its main competitor, despite the crisis in Ukraine. "We're launching a new era - a new era - in U.S.-ASEAN relations," Biden said. Earlier, U.S. Vice President Kamala Harris told ASEAN leaders the United States would remain in the region for generations and stressed the need to maintain freedom of the seas, which Washington says is challenged by China. "The United States and ASEAN have shared a vision for this region, and together we … [Read more...] about US-ASEAN summit marks ‘new era’ for ties: Biden
Vietnamese PM attends ASEAN – US Special Summit
The Vietnamese Government leader made the statement as he addressed the highly anticipated ASEAN – US Special Summit on May 13 (US time). The summit includes a meeting between ASEAN leaders and US President Joe Biden, a session between ASEAN leaders and US Vice President Kamala Harris on maritime security and COVID-19, and a session between ASEAN leaders and the US cabinet on climate, clean energy, and infrastructure. US leaders have announced a range of proposals and initiatives for cooperation with ASEAN. The US will invest 40 million USD to finance the development of clean energy infrastructure, another 40 million USD to strengthen maritime cooperation, 150 million USD to implement the ASEAN-US Health Futures initiative, provide support for ASEAN’s climate change response capacity enhancement and infrastructure development, and 70 million USD for educational programmes and people-to-people exchanges. ASEAN leaders thanked the US for its proactive support in responding to … [Read more...] about Vietnamese PM attends ASEAN – US Special Summit
