Shares nosedive on panic sell-off

Vietnamese shares plunged on Monday as panic selling flooded the market, following surging COVID-19 cases, reinforcing fears of further economic pain from restrictions induced by the virus.

Vietnam Airlines to resume international flights

Vietnam Airlines (VNA) has announced plans to restart international commercial flights starting July 15. This is to meet growing demand from Vietnamese citizens that want to study and work abroad and foreigners that want to return home.

Insurance companies performing well, but cautious about business prospects in H2

Many local insurers have recorded positive results in the first half of 2021 following the growth momentum of 2020. However, since the country entered the fourth wave of the COVID-19 pandemic with complicated developments, insurers have also become more cautious about business prospects in the second half of the year.

Banks lending big to keep agriculture sector ticking

According to the State Bank of Việt Nam’s department of credit for economic sectors, as of April credit injected into rural and agricultural development had reached VNĐ2.3 million billion (US$100 billion), or 24.6 per cent of the banking sector’s total loans.

Digital World expects Q2 revenue and profit to rise

Digital World JSC (DGW) expects second quarter revenue to reach VNĐ4.16 trillion (US$181.2 million) and with a profit of VNĐ101 billion, up 61 per cent and 110 per cent respectively over the same period last year.

MB achieved record low bad debt ratio in H1

MB posted the record low bad debt ratio of 0.76 per cent in the first half of the year in its history so far. This has been also the lowest level in the banking industry.

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