HCM City (VNA) – Many banks have reported high profitin the first half of 2021 despite impacts of COVID-19 pandemic.
Tien Phong Commercial Bank (TPBank) announced that itsrevenue surged 27.74 percent over the same period last year to over 6.23trillion VND (270.42 million USD), with pre-tax profit reaching over 3 trillionVND (130.22 million VND), up 47.8 percent year on year.
The bank also enjoyed good signs in many other businessindicators, with total assets hitting more than 242 trillion VND, close to itstarget of 250 trillion VND for the whole year.
Meanwhile, the Vietnam Joint Stock Commercial Bank forIndustry and Trade (Vietinbank) posted a 74 percent rise in pre-tax profit toabout 13 trillion VND.
With the result, the bank has completed three fourths of itsyearly target of 16.8 trillion VND in profit.
The SSI Securities on July 5 reported that the majority ofbanks under its watchlist enjoyed high profit, including MSB, ACB and VPB.Techcombank, BIDV, and HDB were also predicted to post positive growth in thesecond quarter and the first six months of 2021.
In its recent report, Yuanta Securities Vietnam forecastthat the credit growth of the whole sector will reach 12-13 percent this year.
Earlier, experts from Viet Dragon Securities (VDSC)predicted that the banking sector will experience a period of high profit thisyear with growth of 27 percent despite the COVID-19 pandemic./.
The State Bank of Vietnam (SBV) has warned commercial banks about rising bad debts and loans from large corporate customers whose credit values top 500 billion VND (21.5 million USD) each.
The Ministry of Health received financial assistance of 160 billion VND (over 6.9 million USD) from the banking sector and 4 million doses of COVID-19 vaccines from Vingroup at a ceremony on May 21.
A number of banks have increased bond issuance to attract mid-term and long-term capital, leading to changes in capital mobilisation in the corporate bond market in the second quarter.
The State Bank of Vietnam (SBV) has flexibly operated monetary policy tools to maintain liquidity for the banking system, contributing to stabilising and recovering credit growth in the context of unpredictable impacts of the COVID-19 pandemic.
The State Bank of Vietnam (SBV) and the Embassy of Switzerland last week signed a bilateral agreement for the new Swiss Bank Executive Training programme (Swiss BET) to help build the capacity of Vietnamese bank executives.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Illustrative image (Source: VNA) 
