Ho Chi Minh City commercial lender, HDBank, posted the highest-ever pre-tax profit touching VND4.005 trillion ($174 million) in 2018, a 65.7 per cent jump against the prior year and surpassing 2018’s full-year profit target, according to the bank’s newly released audited financial statement. HDBank has been listed among the 20 stocks with the largest market cap on the HSX This excellent performance was attributed to a robust increase in the bank’s net profit from services, which hit VND438 billion ($19.04 million) last year, a 2.2-fold increase compared to 2017. Meanwhile, the bank’s net earnings from foreign exchange activities also doubled to VND298 billion ($13 million). The bank’s net interest income totalled VND7.646 trillion ($332.4 million), a 20 per cent jump on-year, while its total operating income rose by 25.8 per cent to VND9.440 trillion ($410.4 million). By the end of last year, HDBank reported VND129.624 trillion ($5.63 … [Read more...] about HDBank reports record audited pre tax profit growth
World records highest jump
Record imports balloon US trade deficit in September
And amid President Donald Trump's trade war with Beijing, the U.S. trade deficit with China swelled again, as crucial soybean exports -- a sore spot for Republicans in next week's midterm elections -- continued to suffer. With rising wages and low unemployment, Americans purchased more foreign-made telecommunications equipment, computers, mobile phones, aircraft engines, clothing and toys, the Commerce Department said. The U.S. trade deficit posted its fourth straight monthly increase, rising 1.3 percent to a seasonally adjusted $54 billion, significantly overshooting analyst forecasts, as imports hit $266.6 billion, the highest level ever recorded. Exports also rose to $212.6 billion The U.S. trade gap has increased a steep 10.1 percent so far this year. The expanding trade gap should weigh on GDP calculations in the third quarter, although many estimates may already have factored in the trade drag. Trade with China, a central target of Trump's aggressive economic agenda, was a clear … [Read more...] about Record imports balloon US trade deficit in September
China September exports surge, creating record surplus with U.S. despite tariffs
China September exports surge, creating record surplus with U.S. despite tariffs The Saigon Times Daily Shipping containers are seen at a port in Shanghai, China July 10, 2018 - PHOTO: REUTERS BEIJING (REUTERS) - China’s vast export engine unexpectedly kicked into higher gear in September, producing a record trade surplus with the United States that could exacerbate the already-heated dispute between Beijing and Washington. Analysts said last month’s strong export growth - which might indicate U.S. tariffs are not biting much yet - is unlikely to be sustained. But the robust numbers reported on Friday by China’s customs agency - the last ones from China before U.S. congressional elections on Nov. 6 - could prompt a reaction from U.S. President Donald Trump. September exports rose 14.5% from a year earlier, the fastest pace since February, the customs data showed. That was well above August’s 9.8% and a Reuters poll forecast of 8.9%. “The big … [Read more...] about China September exports surge, creating record surplus with U.S. despite tariffs
WHO warning as European measles rate jumps from record low
Europe has seen a big surge in measles cases in 2017, which the World Health Organization says is a tragedy after a record low of 5,273 cases in 2016.Photo: SPL Cases increased four-fold, with more than 20,000 people affected and 35 deaths. Fifteen European region countries, including the UK, had large outbreaks. Measles cases were highest in Romania, Italy and Ukraine.People shunning vaccination is part of the problem, say experts.Although research published 20 years ago about a possible link between the MMR vaccine and autism has been discredited, the scare it created damaged some people's trust of the vaccine.Measles is a highly infectious viral illness that can be deadly.The MMR vaccine can prevent it.Dr Zsuzsanna Jakab, from the WHO, said: "Every new person affected by measles in Europe reminds us that unvaccinated children and adults, regardless of where they live, remain at risk of catching the disease and spreading it to others who may not be able to get vaccinated."This … [Read more...] about WHO warning as European measles rate jumps from record low
Viettel signs up two million subscribers with Mytel within one month in Myanmar
Mytel is the 4th mobile phone network in Myanmar This is the fastest growth of subscribers Viettel has seen in any market around the world, including Vietnam, and is an achievement few telecom companies can match in the context of the slowdown in the global telecom industry. The Vietnamese market has in the past held world records for the fastest growth, but it still took Viettel one year to reach two million subscribers in the country. Recently, the company to reach two million subscribers in the fastest time was Halotel, Viettel’s Tanzanian operation, which took nine months. According to Nguyen Thanh Nam, Mytel’s general director, reaching two million subscribers is considered a milestone for Mytel, creating a large enough customer community to contribute to improving overall business results. “Having a large customer base will enable Mytel to carry out promotion campaigns to attract new clients,” he said. Before starting operations, Viettel had set itself … [Read more...] about Viettel signs up two million subscribers with Mytel within one month in Myanmar