Update: January, 12/2021 - 13:04 |
Transactions at Vietcombank. The bank also aims to raise its total asset by 6 per cent and mobilised capital by 8 per cent while the credit growth is expected to pick up 12 per cent. Photo vietcombank.com.vn
HÀ NỘI The Joint Stock Commercial Bank for Foreign Trade of Việt Nam (Vietcombank) hopes to increase its pre-tax profit by 12 per cent year-on-year to VNĐ25.2 trillion this year, said Director General Phạm Quang Dũng at a conference in Hà Nội on Monday.
The bank also aims to raise its total assets by 6 per cent and mobilised capital by 8 per cent while credit growth is expected to pick up 12 per cent, he said. Non-performing loans (NPLs) will be maintained at below 1 per cent and net interest margin (NIM) at 3.1 per cent.
The six richest people in Vietnam as of January 6.
Hanoi (VNS/VNA) - 2020 was a difficult year for the global economy
including Vietnam, but some
Vietnamese billionaires still saw their net asset
value increase.
According
to
Forbes, besides five familiar faces which were included on its World
Billionaires list in 2019, there is the return of one businessman – Tran Dinh
Long. The recovery of
Vietnam’s stock market at the end of 2020 after tumbling
in March contributed to the positive result.
The
VN-Index ended the last trading day of 2020 at 1,103.87 points, rising nearly
15 percent compared to the beginning of the year.
At Vietcombank s headquarters in Tran Quang Khai Street, Hanoi. (Photo: VNA)
HCM City (VNA) - Credit growth in Vietnam may reach 13-14
percent this year, partly driven by progress with the COVID-19 vaccine,
according to a
2021 banking outlook report released by the SSI Securities
Corporation on January 6.
Vietnam beginning human trials of a COVID-19 vaccine is likely to give
the domestic economy a push in 2021, the SSI said.
Its 2021 forecast is higher than the estimated 11-12 percent in credit growth
last year.
The expected recovery of foreign trade, production, and consumption this
year will boost the growth of lending, with retail lending likely to bounce
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Update: December, 23/2020 - 07:28 | A trading room at KIS Việt Nam Securities Co. VNA/VNS Photo Trần Việt HÀ NỘI After recent merger and acquisition (M&A) deals, South Korea-owned securities firms are expanding their influence on the Vietnamese stock market. On September 17, Asam Asset Management completed acquiring 65 per cent of capital at SJC Securities for VNĐ6,000 per share. The South Korean firm was estimated to have spent VNĐ80 billion on the share purchase, which then helped it hold 80 per cent of capital at the local firm. After the deal, the number of South Korea-invested securities firms in Việt Nam reached eight – half of all active foreign brokerages in Việt Nam.