Bank

Welcoming the Year of the Rat 2024, Petrovietnam, PVcomBank, together with Hanoi City People's Committee and Tay Ho District People's Committee, are organizing a dazzling light show called "Hanoi Art Light Festival - Thang Long Shining" on the eve of Lunar New Year. This will be the largest drone performance ever seen in Southeast Asia up until now, with a total of 2,024 unmanned aerial vehicles (drones) illuminating the night sky.

Recently, Orient Commercial Bank (HOSE: OCB) announced that it has successfully completed the additional tax payment upon receiving a letter from the General Department of Taxation.

Despite the recent surge in bank stocks since December 2023, Mr. Tran Truong Manh Hieu believes that disbursing funds during this period would be quite risky, especially before the Lunar New Year.

Last weekend, during the awards ceremony held in Thailand, the International Finance Magazine (IFM) honored PVcomBank as the "Best Digital Banking Platform for SME's - VN 2023" and the "Most Innovative Corporate Bank Strategy - VN 2023".

Vietnam Thuong Tin Commercial Joint Stock Bank (Vietbank, UPCoM: VBB) has recently released its consolidated financial statements for the fourth quarter of 2023, reporting a pre-tax profit of nearly 394 billion VND, which is 3.5 times higher than the same period last year. It is noteworthy that the bank has successfully managed to reduce its non-performing loans by 11% compared to the beginning of the year.

VIB, the International Bank, has announced its unaudited consolidated business results for the year 2023. The bank has continued its strong revenue growth, achieved outstanding business efficiency, maintained a solid balance sheet, and ranked among the top brands in the industry.

The consolidated financial statement shows that Saigon Commercial Joint Stock Bank (Saigonbank, UPCoM: SGB) recorded a pre-tax profit of over 84 billion VND in the fourth quarter of 2023, representing a significant increase of 92 times compared to the same period last year. The proportion of non-performing loans at the end of the year accounted for nearly 60% of the total outstanding loans, indicating a high possibility of capital loss.

After several days of strong gains, both the in-bank and out-bank US dollar prices have cooled off as the international USD Index declines.

Despite the global economic downturn, inflation, and armed conflicts impacting economic growth and related remittance factors, the amount of remittance flowing into Ho Chi Minh City, Vietnam in 2023 still maintained a strong growth rate, reaching 9.46 billion USD.

In 2023, overcoming the challenges of the economy, LPBank has achieved its business objectives as entrusted by the Board of Shareholders. The credit growth has reached an impressive 16.83%, while the mobilization reached 13.7%. Aiming for extraordinary profitability, LPBank has earned over 7,000 billion VND. Moreover, LPBank has shown exceptional management by significantly reducing its non-performing loans to an impressive level of 1.34%, placing it among the top banks with the lowest non-performing loans in the industry.