Tag: gross profit increase

The first quarter of 2025 painted a diverse picture of profits in the banking industry, with a notable performance gap between private and large banks. While the big players maintained their steady growth trajectory, a few private banks, including Eximbank, stood out with impressive double-digit profit increases. This development underscores the evolving landscape of the banking sector, where smaller institutions are making their mark and challenging the traditional dominance of industry giants.

In the first quarter of 2025, the Joint Stock Commercial Bank for Foreign Trade of Vietnam, known as Vietcombank (HOSE: VCB), reported a slight increase in pre-tax profits, reaching nearly VND 10,860 billion, a 1% rise compared to the same period last year. This positive result is attributed to a significant reduction in provision for risks.

The Provincial People's Committee shall take into account the socio-economic conditions of each commune and ward to select and decide on the application of specific regional minimum wage levels for these areas.