Saigon Thương Tín Commercial Joint Stock Bank (Sacombank) targets profit before tax of VNĐ4 trillion (US$173.2 million) this year, an increase of 20 per cent from 2020, and a non-performing loans ratio of under 2 per cent.
Shares hit a fresh peak on Monday as strong buying force bolstered market sentiment.
Sacombank and Bamboo Airways signed an agreement on April 9 to become strategic partners in investment, production, sales, and supply of products and services and to leverage each other’s strengths.
The VN-Index declined for a second day on Friday, concluding the week at 1,231.66 points, down 0.26 per cent from Thursday.
The market closed higher on Monday as a series of banking and real estate stocks surged, propelling the indices.
The market closed higher on Friday as many large-cap stocks surged and foreign investors continued to pour cash in.
After staying at low level last year, deposit and lending interest rates will probably increase in the second quarter of this year as credit demand is high again when the COVID-19 pandemic is well controlled and the economy rebounds further, according to experts.
Many banks have announced their dividend payout plan in shares to raise capital and improve competitiveness amid the prolonged COVID-19 pandemic.
Việt Nam's stock market increased on Tuesday as many large-cap stocks rebounded in the afternoon session.