Gold Prices Surge, Exceeding 78 Million Dong per Tael
This morning (2/2), the domestic gold price continued to soar, surpassing 78 million dong per tael. In just 3 consecutive trading sessions, the domestic gold price has increased by 1.8 million dong per tael.
Invest more than 12,000 trillion in stocks and deposits, an insurance company earns trillions...
By the end of 2023, PVI's total value of financial investments is over 12,158 billion Vietnamese dong. Out of this, bank deposits account for over 8,500 billion Vietnamese dong. In the past year, the insurance company recorded financial investment operating revenue of 1,330 billion Vietnamese dong, a 41.2% increase compared to 2022.
Banks Sacrificing Profits to Support the Economy
In 2023, the question "which bank has the lowest interest rates?" is being talked about more than ever. With the prevailing difficult economic situation affecting individuals and businesses, in line with the directive of the State Bank of Vietnam (SBV), banks have unanimously sacrificed their profits by reducing lending rates and introducing credit packages with interest rates as low as 0%.
Overcoming Challenges in Dealing with Bad Debts
In the newly passed Revised Securities Law, securities companies (SCs) no longer have the privilege to hold collateral. Therefore, SCs need to recognize that debt collection is their responsibility, and they should be extremely strict in assessing borrowers, ensuring compliance with principles, procedures, and conditions before granting loans.
OCB Achieves Strong Business Growth and Efficient Cost Control, Profit Increases by 19.1% in...
OCB's capital mobilization in 2023 has grown by 23.4% compared to 2022, while credit has also grown by over 20%. In the service sector, OCB's card has experienced a breakthrough growth with the number of cards issued almost doubling compared to 2022 and a strong growth for 3 consecutive years.
VietinBank’s pre-tax profit in 2023 exceeds 25,000 billion VND, total assets surpass 2 million...
"VietinBank is the third-largest bank with total assets exceeding 2 quadrillion VND."
Surge in Domestic Gold Prices
At the beginning of February, the domestic gold price witnessed a significant surge.
Deposit Interest Rate Reaches 40.1% by 2023, MB Holds Top Spot in CASA for...
Thanks to our pioneering efforts in digital banking, 2023 marks the third consecutive year that MB has attracted over 6 million new customers annually, bringing the total number of customers served to 27 million.
Overview of Financial Results of 28 Banks: Updates from Big 4, MB, SHB, Eximbank,…,...
On the evening of January 30th, banks flooded the market with their financial reports for the fourth quarter of 2023.
Vietnam’s largest bank nets 200 billion VND per day, records historic profit milestone
With a total operating income of nearly 73,025 billion VND in 2023, this bank earns over 200 billion VND net profit on average each day.
Latest article
“Streamlining Business Operations: The Prime Minister’s Vision for a Digital Future”
Each year, a staggering 120 trillion VND is spent on administrative procedure compliance costs related to production and business operations.
The Humble Carp: From Pig Feed to Delicacy, Now Commanding Over 200,000 VND per...
The humble catfish, once dismissed for its soft, porridge-like texture, is now a prized delicacy. With a unique flavor profile, exceptional nutritional value, and a boost from the thriving tourism industry, this humble fish has transformed into a gourmet treasure.
The Billion-Dollar Steel Project: Unveiling the Latest Developments and Construction Timeline for Xuan Thien’s...
With an impressive track record, the Xuan Thien Group has made significant strides in their ambitious Steel Complex project. The group's efficient land clearance efforts for the three complexes have yielded positive results, paving the way for the next phase. Confident in their achievements, the developers have proposed commencing construction on two projects before June 17th, marking a pivotal moment in this endeavor.
