Vnpt bac ninh

VIB buys back all bad debt from VAMC      Vietnam International Bank (VIB) announced last week that it has repurchased more than VND1.46 trillion (US$64.2 million) worth of debt from the Viet Nam Asset Management Company (VAMC). With this move, VIB was recognised by the State Bank of Viet Nam and VAMC as one of four banks which required all bad debts that they sold to VAMC. Three others are Vietcombank, Techcombank and MBBank. Earlier in July, VIB released its financial report in the first half of 2018 with a profit of over VND1.15 trillion ($51 million), triple that of the same period last year, or equivalent to 57 per cent of the yearly target. During the period, the banks’ net revenue reached VND2.7 trillion, up 56 per cent year-on-year, while its lending saw a yearly rise of 9 per cent to VND91.7 trillion. From January to July, VIB’s Capital Adequacy Ratio (CAR) was maintained at 12.5 per cent while the cost-income ratio (CIR) stood at 49 per cent, … [Read more...] about BUSINESS NEWS IN BRIEF 8/8

Legal framework for child care on the internet Vietnam, with 64 million Internet users (67% of its population), is among Asian countries having the biggest number of Internet users. A majority of these users are children and teenagers, who are exposed to both benefits and dangers. In addition to close attention from parents and schools, a legal framework is needed to protect children from the risks of the cyber world. While browsing the Internet, children may encounter unexpected information and people. Their personal information can be hacked. More seriously, children can become victims of swindles, exploitation, harassment, and sex abuse. Online game and smartphone addictions can harm children’s mental and physical health. Parents should teach children how to find and use information on the Internet. Dang Hoa Nam, Director of the Department for Children of the Ministry of Labor, Invalids, and Social Affairs, said, “Parents play a very important role. They should be … [Read more...] about Social News 7/8

HCM City to monitor pork prices The HCM City Department of Industry and Trade has promised to prevent any scarcity of pork or sudden price surges, saying the pork market would be steady. According to the department, the price of pig on the hoof reached VND48,000-51,000 per kilo last month, 40 per cent up year-on-year. Last year pig prices had plummeted, causing losses to most farmers, who reacted by reducing their breeding activities, and the resultant low supply pushed up prices, it said. To ensure adequate supply of essential goods, including meat, in the city, the department regularly inspects the market. According to Nguyen Huynh Trang, the department’s deputy director, businesses taking part in the city’s price stabilisation programme have increased supply and sell at 5-10 per cent below market prices. But following the relentless increase in pork prices since April the city has reviewed and agreed for them to increase pork prices once each in April, May and June. In … [Read more...] about BUSINESS IN BRIEF 26/6