On March 7 the Ministry of Industry and Trade issued Decision No.686/QD-BCT with safeguards against the import of diammonium phosphate and monoammonium phosphate fertilisers.
World No 1 Roger Federer's remarkable run continued as he booked his quarter-final berth in the ATP Indian Wells Masters with a 7-5, 6-4 win over Jeremy Chardy on Wednesday.
Fitch Ratings on Tuesday upgraded the long-term issuer default rating (IDR) of Military Commercial Joint Stock Bank (Military Bank) to ‘B+’ from ‘B’ with a stable outlook. Fitch also upgraded the bank’s viability rating to ‘b+’ from ‘b’.
Banks and credit institutions in Vietnam are now rapidly expanding to retail businesses including retail banking and consumer finance to tap on the unbanked population. Many banks have been developing their risk system to cope with requirements from the emerging retail risk management.
If banks failed to increase their capital, it would have a strong negative impact on their credit plans. They would not be able to serve the economy as well as they ought to.
“We are making greater efforts in ensuring the bank’s operation with the best and most transparent standards," VIB general director Hàn Ngọc Vũ said.
Joint Stock Commercial Bank for Foreign Trade of Việt Nam (Vietcombank) reported a pre-tax profit of more than VNĐ11 trillion (US$482.5 million) in 2017.
Việt Nam’s benchmark stock index, VN-Index, could exceed 1,300 points in 2018 due to the positive outlook for the country’s economic growth and a strong inflow of foreign investment.
The current development and future strategies of many local commercial banks are creating confidence about a sustainable growth of the banking sector
Maximum credit growth this year is forecast to be just 18-19 per cent, meaning that the banking system will not use up the increased room of 21 per cent.