“FE Credit Races Back, VPBank’s Annual Profit Surges by an Impressive 85%”
Seizing the positive shifts in the economy during the year-end period, VPBank accelerated its breakthrough expansion of credit in strategic segments in the fourth quarter, contributing to an outstanding 85% year-on-year profit growth. The bank has been, and continues to, strengthen its foundation, expand its ecosystem, and create a solid launchpad for its sustainable growth strategy in the medium to long term.
The Powerhouse Performer: VietinBank’s Stellar Growth with a Near 2.4 Million Billion Dong Total...
For the fourth quarter of 2024, the Joint Stock Commercial Bank for Industry and Trade of Vietnam (VietinBank) reported a remarkable performance with a pre-tax profit of over VND 12,245 billion, surging by 61% year-on-year. This impressive growth is attributed to a significant reduction in credit risk provisions.
The Secret to VIB’s 9,000 Billion VND Profit in 2024: Unveiling the Strategies for...
Vietnam International Commercial Joint Stock Bank (HOSE: VIB) has announced its consolidated financial statements, reporting a pre-tax profit of over VND 9,004 billion in 2024, a 16% decrease compared to the previous year. This comes amidst a 22% growth in credit.
DongA Bank: A Troubled Institution’s Forcible Handover and the End of Shareholder Power?
Prior to being placed under special control, DongA Bank's institutional shareholders included: Bac Nam 79 Construction, owned by Vu "Nhom", which held 10%; PNJ with 7.7% of the charter capital; Ho Chi Minh City Party Committee Office with 6.9%; Ky Hoa Tourism and Trading with 3.78%; An Binh Capital with 2.73%; and Nha Phu Nhuan with 2.14%.
The Art of Refinement: Banking Asset Quality Under Control
Experts believe that even with the expiration of Circular 02, the asset quality of banks can be kept in check throughout 2025.
Reversing Course: Vietcombank’s Profit Dip in Q4 2024
The Q4 2024 consolidated financial statements reveal that the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) posted a pre-tax profit of VND 10,702 billion, a 9% decline year-on-year, despite a reversal of provisioning.
The Power of Compounding: Maximizing Your Returns with a 6.2% Interest Rate on a...
The 1-year term deposit interest rates offered by banks vary, with rates ranging from 3.9% to 6.2% annually. These rates are subject to the banks' individual policies, and some institutions offer higher rates for online deposits compared to over-the-counter transactions.
Chairman Tran Hung Huy’s Bank Posts Record Profit, CASA Grows to 23.3%
The recently released consolidated financial statements reveal that Asia Commercial Joint Stock Bank (HOSE: ACB) recorded a pre-tax profit of nearly VND 21,006 billion in 2024, reflecting a 5% increase compared to the previous year.
Unlocking Profits: OCB’s Core Business Flourishes with Impressive Q4 Performance
Oriental Commercial Joint Stock Bank (HOSE: OCB) has announced its Q4 2024 financial results, reporting a robust pre-tax profit of VND 1,453 billion, and a strategic shift towards a sustainable development portfolio.
“Wealth Unveiled: Unraveling the Chairman’s Family Holdings in Vietbank”
As of December 31, 2024, Vietbank's Chairman of the Board, Mr. Duong Nhat Nguyen, held over 34.86 million VBB shares, representing a 4.88% stake in the Bank.
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Inflation Management Must Stay Grounded in Reality from the Start
In 2024, the consumer price index (CPI) rose by an average of 3.63% compared to 2023, remaining below the target set by the National Assembly. This marks a decade of Vietnam's successful inflation control, with an average rate below 4%. Experts suggest that maintaining a CPI increase of around 4.5% in 2025 to support a substantial 8-10% growth will be a challenging task, requiring decisive and meticulous management from governing bodies from the get-go.
Inflation Management: Anchoring Policy in Reality from the Get-Go
In 2024, the consumer price index (CPI) rose by an average of 3.63% year-on-year, remaining below the target set by the National Assembly. This marks a decade of Vietnam's successful inflation control, with average annual inflation rates kept below 4%. Experts predict that maintaining a CPI increase of around 4.5% in 2025 to support a substantial 8-10% growth will be a challenging task, requiring decisive and meticulous management from governing bodies from the get-go.
“A Call for Doubling Down on Efforts: Aiming for 8% and Beyond”
Achieving a growth rate of 8% or higher in 2025 will pave the way for even higher growth rates in the following years, with aspirations to reach double digits, surpassing 10%. However, to attain this new growth target, it is imperative that all ministries, sectors, and local authorities demonstrate an even stronger resolve, doubling their efforts from previous years.
