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The Exchange Rate Conundrum
The twin shocks of tariffs and excess liquidity are sending USD/VND soaring in the short term. However, a stable macroeconomic context equips Vietnam with the tools to regulate and curb systemic risks.
“VietinBank Reports Over VND 2,000 Billion in Other Operating Income, Boosting Q1 2025 Pre-Tax...
In the recently released consolidated financial statements for the first quarter of 2025, the Joint Stock Commercial Bank for Industry and Trade of Vietnam (VietinBank, HOSE: CTG) reported a remarkable performance with a profit before tax of over VND 6,823 billion, reflecting a 10% increase compared to the same period last year.
The Bank Borrowers Burdened by Interest Rates for Delinquent Debtors
"It's unfair that those who genuinely need loans, who want to repay their debts honorably and improve their livelihoods, are now paying the price for the actions of fraudsters and scammers who take out loans with no intention of repayment," the bank's leader candidly stated.
