Fishery exporters take pandemic in their stride Việt Nam’s seafood exports this year are expected to be worth US$9.4 billion in all, an increase of 10 per cent from 2020.

We can all do our bit to fight deflation risk

The spectre of rising inflation haunts the Western world, very much blunting the joy over vaccine rollouts. In contrast, worry is building that Việt Nam is set to experience the opposite for the first time.

Việt Nam needs post-pandemic programme to boost economic recovery: expert

The advice came from Dr Trần Du Lịch, a member of the Prime Minister’s Economic Advisory Group, in an interview with Công Thương (Industry and Trade) newspaper.

Bad debts of 20 banks up 4.5% in 2020 The non-performing loans (NPLs) of 20 local banks at the end of 2020 rose by 4.5 per cent year-on-year to VNĐ83.4 trillion (US$3.58 billion), according to the banks’ latest financial statements.

HDBank achieves 2020 targets, bad debts ratio at a mere 0.93%

The HCM City Development Joint Stock Commercial Bank (HDBank, HOSE: HDB) has released its 2020 financial statements showing consolidated pre-tax profit of VNĐ5.82 trillion (US$253.6 million), which represents an increase of 15.9 per cent from the previous year and 102.8 per cent of its target.

Sacombank meets all business targets set for 2020 Despite many difficulties last year due to the Covid-19 pandemic, Sacombank achieved all the targets it listed at its annual general meeting last year, ensured restructuring was on track and created a solid foundation to accelerate its digital transformation. 

PM asks experts to find new driving forces for development

Prime Minister Nguyễn Xuân Phúc asked experts to seek a new driving force for development during a working session with the National Advisory Council on Financial and Monetary Policies and the economic advisory group on Tuesday.

Bank offers soft loans to businesses to pay COVID-19-impacted workers

The Việt Nam Bank for Social Policies (VBSP) has allocated VNĐ31.6 billion (US$1.36 million) to 207 enterprises to pay the wages of 8,529 labourers who lost their jobs due to impact of the COVID-19 pandemic.

Flexible, cautious monetary policy management bears fruit Việt Nam’s economy was adversely affected by the COVID-19 pandemic in 2020, along with natural disasters and the impact of trade conflicts. But the State Bank adopted one of the quickest and strongest monetary policy responses in the world.

HDBank issues convertible bonds to foreign financial institutions The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank - HoSE: HDB) has signed agreements to issue convertible bonds and enter into strategic tie-ups with foreign investors to fulfil its plan to supplement tier 2 capital by US$160 million.