Why real estate is better than stocks

Techcombank is on track to be among the top ASEAN banks Techcombank’s rise within the Vietnamese banking industry was highlighted last year when it became the first non-state-owned bank to join Vietnam’s billion-dollar profit club. “Even in the very tough environment we are seeing, our employees have maintained a high quality and reliable service for our customers and this is helping us to deliver stellar performance year after year,” said Jens Lottner, CEO of Techcombank. Last year, the bank continued to reduce costs while focusing on building deposits in its current accounts and savings accounts (CASA), which Lottner described as a “stable and cheap” source of funding. Techcombank’s CASA ratio, which reflects the percentage of the bank’s total deposits that are CASA, jumped from 46.1 per cent in 2020 to 50.5 per cent last year, well on its way to the bank’s target of 55 per cent by 2025. Techcombank’s net interest margin, a measure of the difference between the interest … [Read more...] about Techcombank on track for a seat among the top ASEAN banks

There should be special mechanisms for economic ties between the two countries. The governments of Vietnam and Laos are closely working on the construction of the Hanoi-Vientiane expressway project that will facilitate sea access to land-locked Laos. Chairman of Vietnam’s National Assembly Vuong Dinh Hue speaks with Vietnamese businesses in Laos on May 15. Photos: Quochoi The information was released by Chairman Vuong Dinh Hue of Vietnam’s National Assembly who is on his three-day visit to Lao starting on May 15. Hanoi-Vientiane expressway, which is being built with funding from Japan, will enable Laos to access the sea in Vung Ang Seaport, Vietnam’s central province of Ha Tinh. Launched in 2016, the 725-km project, with an estimated investment of US$4.5 billion, is expected to boost economic connectivity between the two countries and Thailand’s northeast. Hue said the two countries' economic ties need to be boosted to become commensurate to the strong … [Read more...] about Vietnam, Laos boost construction of road linking two capital cities

Nitin Kapoor-Chairman and general director AstraZeneca Vietnam At AstraZeneca, our scientists, lab researchers, medical, regulatory and corporate affairs teams, amongst others, have worked tirelessly to see this day. We told ourselves that this is probably the only chance in our lifetime to play such an important role in fighting a pandemic of this scale. It was our duty to offer our best to protect the people. We worked closely with the Vietnamese government, the Ministry of Health, VNVC, and other partners to deliver and support the bilateral donations of more than 70 million doses of AstraZeneca’s COVID-19 vaccine. Our motivation was to ensure that Vietnam would be one of the first countries in Asia to have access to vaccines to save lives. Vietnam now possesses one of the highest vaccination rates in the world, and we cannot be prouder of what we have accomplished together. But as a healthcare company, our responsibility does not stop there. While the hardest part of the … [Read more...] about AstraZeneca: three healthcare priorities in the new normal

"We are constantly looking for other areas to cooperate with the government. We bring to the table expertise in healthcare management, in regulatory affairs, even in logistics." - Lennor Carrillo, general director at Roche Pharma Vietnam During Roche’s 28 years in Vietnam, the company has moved beyond its traditional role as a pharma company and partnered with the government, hospitals, and doctors to improve the entire healthcare ecosystem. Could you share some highlights and difficulties of the journey? Roche celebrated its 125th birthday globally, and in that time span, we’ve tried to go beyond the drug-patient kind of approach and make a bigger impact. In Vietnam, aside from the government, additional partners that we have worked with include the Vietnam Medical Association, the Bright Future Fund, the National Cancer Institute, the National Institute of Hematology and Blood Transfusion, and other medical institutes and hospitals. A good example of the partnership we … [Read more...] about Roche Pharma Vietnam co-creating partnerships in sustainable health

The Mat Ngot project is a library for children in mountainous areas With the efforts and determination of the student group, as well as the organising committee, INSEE Vietnam successfully organised the ceremony to realise the Mat Ngot project – a library for children in the mountainous areas. In addition to guidance given by the INSEE Vietnam project's advisory board, the local authority, the Phuoc Tan A primary school administrators, the instructors, and the students of the University of Technology (VNU Ho Chi Minh City) supported the initiative. Eamon John Ginley, general director of INSEE Vietnam, expressed his appreciation at the event At the event, Eamon John Ginley, general director of INSEE Vietnam, expressed his appreciation for the cooperation with all sponsors and partners to actualise the students’ first meaningful project, thus helping pupils’ healthy growth and contributing to the enhancement of educational quality in these areas in a better, more … [Read more...] about INSEE launches Mat Ngot library project with wealth of support

Truong Hung Long, director of the Department of Debt Management and External Finance under the Ministry of Finance. Improving the national credit rating is implemented with a long-term vision to reduce the cost of capital mobilisation, enhance the country's reputation, and meet the needs of socio-economic development in the future. Truong Hung Long, director of the Department of Debt Management and External Finance under the Ministry of Finance, spoke with Vietnam News Agency about the issues. The Prime Minister has just approved a project to improve the national credit rating by 2030. The Department of Debt Management and External Finance is assigned to develop and implement the project. What will the department do to fulfil this task? The Government issued Decision 304/QD-TTg on February 6, 2013 to approve a project on improving the national credit rating. That created favourable conditions for the Government in accessing the international capital market. It is also a way … [Read more...] about Viet Nam promotes solutions to improve national credit rating