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Bao Viet Joint Stock Commercial Bank (Bao Viet Bank) has announced its preliminary business results for the first half of 2024, with a pre-tax profit of VND 25.79 billion, up 4.42% year-on-year. Notably, the second quarter alone contributed VND 17.5 billion to this figure.
As of June 30, 2024, the bank’s total assets reached VND 97,062 billion, a significant increase of 14.67% compared to the beginning of the year. Credit balance stood at VND 49,728 billion, representing a growth of 4.24% year-on-year.
Customer deposits as of the end of June amounted to VND 58,888 billion, reflecting a 7.71% increase since the start of the year. The bank’s loan-to-deposit ratio remains within the safe limit as stipulated by the State Bank of Vietnam.
Net interest income increased by 19.6% compared to the same period last year. Service activities also witnessed a substantial surge in the first half, attributed to revenue generated from the Bao Viet Holdings client base. Additionally, foreign exchange trading income reached VND 64.11 billion, marking an impressive 117% increase.
The bank’s total operating income for the six-month period stood at VND 1,034 billion. Operating expenses rose by 22% year-on-year due to continued investments in information technology projects to accelerate digital transformation. Moreover, enhancements to salary structures and employee benefits also contributed to the higher operating costs during this period.
The most extensive bribery case ever in Thanh Hoa: Numerous suspects prosecuted for “Giving and Receiving Bribes”
The Provincial Security Investigation Agency (PSIA) of Thanh Hoa province announced on January 31st that it has made the decision to initiate a prosecution against 23 individuals in connection with the offenses of “Accepting bribes” and “Giving bribes” as stipulated in Article 354(3) and Article 364(2) of the Criminal Code.
Accelerating disbursement of the 120 trillion VND credit package for social housing
Deputy Prime Minister Trần Hồng Hà has recently issued directives regarding the implementation of the 120,000 billion VND credit package for investors and buyers of social housing, workers’ housing, and projects for the renovation and construction of apartment buildings.
“Prosecution of government officials, land registration officers, and tax department employees in the largest bribery case ever”
The Thanh Hoa Police Investigative Agency has initiated legal proceedings against 23 individuals involved in the crimes of “Bribery” and “Receiving bribes”. This is the largest bribery case in terms of the number of suspects ever discovered and apprehended by the Thanh Hoa Police.
Mobile World achieves revenue of VND118,000 trillion: TVs, tablets, and phones all decrease by 10% – 50%, while one product grows in both quantity and revenue.
Mobile World Investment Corporation (MWG) has recently announced its 2023 business results. According to the report, the company’s consolidated revenue reached over 118 trillion Vietnamese dong, equivalent to 89% of the revenue in 2022.
VPBankS wins award for “Most Innovative Stock Trading App 2023”
VPBankS, a subsidiary of VPBank, has recently been awarded the “Most Innovative Stock Trading Application” by the International Finance Magazine. This prestigious accolade distinguishes VPBankS as the only securities company in Vietnam to receive such recognition in 2023.
