Fighting Cross-Ownership: Impossible to “Take Tangibles to Treat Intangibles”
The recent amendment to the Credit Institutions Act, passed by the National Assembly during an extraordinary session, has introduced several measures to address cross-ownership, manipulation, and domination of credit institutions. However, it is challenging to "make the intangible tangible"! To prevent cross-ownership, it is crucial to enhance the effectiveness of inspections and supervision.
Vietcombank records 6% decrease in Q4 profits, bad debt rises by 60%
According to the recently published consolidated financial statements, Vietcombank (HOSE: VCB) reported a pre-tax profit of nearly 11,694 billion dong in the fourth quarter of 2023, a 6% decrease compared to the same period last year, despite benefiting from a recovery of approximately 1,500 billion dong in credit risk provisions.
USD Price Continues to Climb
Last week (29/01-02/02/2024), the USD price in the international market continued to rise as data showed that the US labor market is still robust, contributing to the retreat of expectations that the US Federal Reserve will soon reduce interest rates.
Caught!! Group of High Interest Lenders Specializing in Tracking Borrowers Captured
Lender with heavy interest, attaching tracking devices and threatening borrowers before they can repay. The actions of the ringleader Lương Hoàng Nhật Nam and his accomplices have been uncovered and apprehended by the police.
VietinBank’s pre-tax profits increase by 19% in 2023, with a slight decrease in bad...
VietinBank (CTG) has reported a pre-tax profit of more than 25,100 billion VND, representing a 19% increase compared to the previous year, according to its quarterly consolidated financial statements.
USD Price Continues to Rise
Last week (22-26/01/2024), the USD surged in the international market as data showed that the US economy remained strong while inflation was heading towards the target of 2%, increasing expectations that the Federal Reserve would not rush to cut interest rates.
BIDV’s pre-tax interest income from credit sources increases by 21% in 2023
The consolidated financial statement reveals that BIDV (HOSE: BID), the Joint Stock Commercial Bank for Investment and Development of Vietnam, achieved a pre-tax profit of approximately 27,650 billion VND in 2023, representing a 21% increase compared to the previous year. This remarkable growth can be attributed to the strong growth of non-interest income and a reduction in credit risk provisions.
Multiple International Payment Benefits from PVcomBank Supporting Businesses
In order to support businesses on their journey to recovery and boost their production and business activities, PVcomBank is launching a series of financial solutions. One of these solutions includes a special promotion for international money transfer services, which will be available until mid-2024.
How long will the “king stock wave” last?
Since late 2023 until now, bank stocks have become a driving force for the stock market. Will the upward momentum of the "king stocks" group continue as the 2023 business results gradually emerge?
Why did MSB’s pre-tax profit fall by 37% despite the strong stock market investment?
Vietcombank (HOSE: VCB) has reported a pre-tax profit of nearly 607 billion VND in the fourth quarter of 2023, a 37% decrease compared to the same period last year, primarily due to a significant increase in risk provisions.
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Seamless Car Ownership Transfer for Multi-Owner Vehicles
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Q3/2025 Financial Reports Deadline: Vinhomes, HDBank, TPBank, Vietjet, BSR, and More Companies Announce Surprising...
Khang Điền (KDH) reported a staggering 783% surge in Q3/2025 net profit, reaching 654 billion VND. Similarly, Becamex IJC and Intresco saw remarkable growth, with net profits soaring by 203% and 308%, respectively.
Durian Prices Surge Again, Prompting Bầu Đức to Expand Plantations by 1,000 Hectares
Durian prices are on the rise once again as exports to China resume smoothly, with limited supply struggling to meet the surge in demand.
