Monthly credit report

With a network of branches and transaction offices that have spread all over the country, the SBV has instructed credit institutions to diversify banking products and services, reduce interest rates and simplify lending procedures in order to facilitate people’s access to credit packages through official channels, Ha Thu Giang, Deputy Director of Department of Credit for Economic Sectors under the SBV said. … [Read more...] about Development of consumer finance: vital to fight black credit

According to the ministry, the first phase of the injection will need 120 volunteers, who will be divided into five groups, with three groups being injected with a respective dosage of one, three and 10 micrograms of the vaccine without excipients, one group receiving one microgram of Covivac with excipients and one receiving the vaccine with placebos. … [Read more...] about Vietnam to test second Covid-19 vaccine on humans next month

Profits come from service diversification Looking at the profit results of the four State-owned commercial banks (Big 4), Vietcombank had a pre-tax profit of nearly VND23.1 trillion (approximately US$1 billion) - the highest level in the banking system, helping the lender to be in the list of 200 groups with the highest profit in the world. Vietcombank's credit growth in 2020 was higher than the general growth rate of the banking system, at 14 percent. This is also the highest credit growth ever of this lender and the highest in the banking industry. The pre-tax profit of Vietinbank also reached VND16.45 trillion, up 43.5 percent over the previous year due to good credit growth. The recent report of Agribank shows that not only did the business results continue to improve, Agribank's administrative costs in 2020 were also being cut by 10 percent, helping the bank's pre-tax profit to touch nearly VND12.87 trillion, VND369 billion, or approximately 3 percent, higher than the plan. It … [Read more...] about Banks continue to lower interest rates further to support economic growth

"This year's Chinese New Year will be particularly special for all of us -- one that is characterised by many small and heart-warming reunions, whether meeting in person or remotely gifting an e-ang bao. At Amazon, we understand the importance of time, especially as the whole family gets ready for the Chinese New Year festivities. We are working hard to bring our customers a stress-free, convenient shopping experience on Amazon.sg and Amazon Fresh, so they can focus on spending quality time with the ones they love." said Henry Low, Country Manager, Amazon Singapore. "We are also excited to expand our selection with even more local businesses and add to the festive mood." … [Read more...] about Amazon Singapore Ushers in the Year of the Ox with Bountiful Deals on Amazon.sg and Amazon Fresh

Josephine Lee, Head of Retail Bank, Citi Hong Kong, said, "The survey results show that the overall sentiment towards residential property ownership in Q4 2020 is comparable with that seen in the previous quarter. Judging by the level of interest in home ownership throughout 2020, the percentage of respondents considering it a good time to buy a home has persistently stayed at a relatively high level compared with that before the outbreak, showing no significant impact of the pandemic on residential property ownership with a significant number of citizens actually going to view a show flat. Over the past year, local citizens have gradually gotten used to the cyclical fluctuations in the pandemic, with an increasingly stable outlook for property prices. The pent-up demand for home ownership is expected to be unleashed on the prospects of an economic recovery in 2021. We suggest that interested homebuyers comprehensively assess their financial position and choose a mortgage plan that … [Read more...] about Fourth Quarter 2020 Citi Residential Property Ownership Survey