ABBANK profits falls sharply on bad debt provisioning

An Bình Commercial Joint Stock Bank (ABBANK) provisioned nearly VNĐ1.49 trillion (US$60.87 million) for credit risk last year, sending its pre-tax profit plummeting to VNĐ513 billion ($20.9 million) as against a target of VNĐ2.8 trillion ($114.45 million).

Indices reverse course to finish higher

The market finished higher on Thursday, recouping losses from the previous session, while foreign investors continued to inject capital into the two main bourses. 

A flourishing alliance: EU-Việt Nam economic and trade relationship in full bloom

In the span of over three years since the implementation of the EU-Việt Nam Free Trade Agreement (EVFTA), the economic and trade relationship between the European Union (EU) and Việt Nam has flourished. Bernd Lange, Chairman of the European Parliament's Committee on International Trade, recently shared his insights with Việt Nam News on this noteworthy development.

Banks gain large profits from securities investment in 2023

According to financial statements of banks, the total net profit from securities investment of 12 banks in Q4 2023 increased by 195 per cent to more than VNĐ5.6 trillion, while trading securities also brought in more than VNĐ300 billion.

Vietnamese, Swedish state audit agencies beef up collaboration

A delegation of the State Audit Office of Vietnam (SAV) led by Deputy Auditor General Bùi Quốc Dũng visited the Swedish National Audit Office (NAO) on January 29-30 after attending the 22nd meeting of the Working Group on Environmental Auditing (WGEA) of the International Organisation of Supreme Audit Institutions (INTOSAI) in Finland.

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